Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Discover Financial (DFS) PT Raised to $145 at Jefferies
April 19, 2024 7:57 AM EDTJefferies analyst John Hecht raised the price target on Discover Financial (NYSE: DFS) to $145.00 (from $137.00) while maintaining a Buy rating.
The analyst comments "Results were better than expected (PPNR, NIM, opex), with EPS (ex. 1x charges) of $3.53 exceeding the consensus of $3.01. DQs trended... More
D.R. Horton (DHI) PT Lowered to $168 at BTIG
April 19, 2024 7:30 AM EDTBTIG analyst Carl Reichardt Jr. lowered the price target on D.R. Horton (NYSE: DHI) to $168.00 (from $169.00) while maintaining a Buy rating.
The analyst comments "DHI reported F2Q EPS of $3.52, well ahead of our $3.14 estimate ($3.07 Factset consensus). The beat was driven by better delivery volume, higher gross margin, lower SG&A/homebuilding sales and a lower tax rate than we expected, partially offset by lower ASP, rental PTI... More
Netflix (NFLX) PT Raised to $505 at MoffettNathanson
April 19, 2024 7:22 AM EDTMoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $505.00 (from $500.00) while maintaining a Neutral rating.
The analyst comments "In the pre-streaming age, media companies were bounded by the linear-ness of linear TV. Each network, in only being able to show... More
D.R. Horton (DHI) PT Lowered to $141 at RBC Capital
April 19, 2024 6:46 AM EDTRBC Capital analyst Mike Dahl lowered the price target on D.R. Horton (NYSE: DHI) to $141.00 (from $142.00) while maintaining a Underperform rating.
The analyst comments "We lower FY24E EPS -1% to $13.94 with FY25E declining -5% to $14.62 as we model incr. GM%... More
Barclays on Netflix (NFLX): 'Narrative shifting to a more conventional media story arc'
April 19, 2024 6:40 AM EDTBarclays analyst Kannan Venkateshwar reiterated an Equalweight rating and $550.00 price target on Netflix (NASDAQ: NFLX)
The analyst comments "Sub growth remains strong: As was widely expected already, Netflixs subscriber growth came in strong at 9.3mm, one of the best Q1s ever outside of Covid impacted periods as paid sharing driven momentum continued into the quarter. The companys performance in the UCAN region, its most mature market, continues to be the standout with... More
Netflix (NFLX) PT Lowered to $540 at Rosenblatt
April 19, 2024 6:33 AM EDTRosenblatt analyst Barton Crockett lowered the price target on Netflix (NASDAQ: NFLX) to $540.00 (from $554.00) while maintaining a Neutral rating.
The analyst comments "Netflix's 1Q24 featured strength -- adding substantially more members than expected, accelerating revenue growth and beating margin guidance. But the... More
Alaska Air (ALK) PT Raised to $56 at BofA Securities
April 19, 2024 6:01 AM EDTBofA Securities analyst Andrew Didora raised the price target on Alaska Air (NYSE: ALK) to $56.00 (from $50.00) while maintaining a Buy rating.
The analyst comments "ALK guided 2Q24 EPS of $2.20-$2.40, a solid outlook compared to our initial $2.23 forecast and the Streets $2.16 estimate as... More
Netflix (NFLX) PT Raised to $726 at Wells Fargo, 'Our '25 EPS of $25 is +17% vs Street'
April 19, 2024 5:56 AM EDTWells Fargo analyst Steven Cahall raised the price target on Netflix (NASDAQ: NFLX) to $726.00 (from $650.00) while maintaining a Overweight rating.
The analyst comments "We think NFLX has significant op leverage and margin discretion, underpinned by strong rev growth. Upward revisions are the... More
The Blackstone Group (BX) PT Lowered to $138 at Deutsche Bank
April 19, 2024 5:06 AM EDTDeutsche Bank analyst Brian Bedell lowered the price target on The Blackstone Group (NYSE: BX) to $138.00 (from $142.00) while maintaining a Buy rating.
The analyst comments "While 1Q was broadly in line with our expectations, we viewed the quarter as being good overall, and we see several tailwinds forming that should enable BX to grow FRE by over 20% in both 2024 and on an average annual basis through 2026. While fundraising was lighter vs. Consensus (and slightly... More
Oppenheimer on Netflix (NFLX): 'We expect increased investor support...'
April 19, 2024 5:02 AM EDTOppenheimer analyst Jason Helfstein reiterated an Outperform rating and $725.00 price target on Netflix (NASDAQ: NFLX)
The analyst ocmments "We expect increased investor support as Paid Sharing proving longer duration subscriber tailwind through 24, with advertising/price increases in 25; reiterating Outperform and $725 target.... More
Citi Stays Sidelined on Netflix (NFLX), Sees Downside Pressure Potential from Investors re: reduced disclosures
April 19, 2024 4:55 AM EDTCiti analyst Jason Bazinet reiterated a Neutral rating and $660.00 price target on Netflix (NASDAQ: NFLX)
The analyst comments "NFLX reported 1Q24 revenue 1% above the Street and operating income that was 9% above the consensus. In addition, Netflix reported 9.3 million net adds during the quarter,... More
BMO Capital on Netflix (NFLX): 'Thesis Intact'
April 19, 2024 4:50 AM EDTBMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $713.00 price target on Netflix (NASDAQ: NFLX)
The analyst comments "Thesis intact; reiterate OP given: 1) higher-than-expected member growth of 9.3M vs. BMO 6.2M/Street at 4.8M w/ continued growth for 2024+ given ongoing paid... More
Goldman Sachs First Take on Netflix (NFLX): 'We expect the market to have a muted reaction'
April 18, 2024 4:40 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Neutral rating and $600.00 price target on Netflix (NASDAQ: NFLX).
The analyst comments "We expect the market to have a muted reaction to Netflixs Q1 24 earnings report on the back of strong Q1 results (slight upside vs. expectations on revenue; net additions of 9.3m which were above GSe/ FactSet Street but ~inline with... More
Evercore ISI Positive on Alaska Air (ALK): 'Upbeat Tone on Corporate & Backdrop'
April 18, 2024 4:37 PM EDTEvercore ISI analyst Duane Pfennigwerth reiterated an Outperform rating and $65.00 price target on Alaska Air (NYSE: ALK)
The analyst comments "Alaska forward tone/ outlook remains constructive as significant impact in 1Q from MAX 9 grounding gets more distant in rear-view mirror. Company... More
Citi Out Defending Micron Technology (MU): 'We would buy the stock on any weakness'
April 18, 2024 4:14 PM EDTCiti analyst Christopher Danely reiterated a Buy rating and $150.00 price target on Micron Technology (NASDAQ: MU)
The analyst comments "We believe Micron is trading down today on TSMC negative comments on traditional servers and handsets combined with CHIPS act grants... More
Equifax (EFX) PT Raised to $240 at Morgan Stanley
April 18, 2024 4:13 PM EDTMorgan Stanley analyst Toni Kaplan raised the price target on Equifax (NYSE: EFX) to $240.00 (from $225.00) while maintaining a Equalweight rating.
The analyst comments "We are updating our model to incorporate more granular subsegment sub-components. For the EWS Verification sub-segment, we now model mortgage,... More
Morgan Stanley Out Positive on Top Pick TSM (2330:TT) (TSM): 'We believe TSMC will pass through additional costs to customers'
April 18, 2024 9:58 AM EDTMorgan Stanley analyst Charlie Chan reiterated an Overweight rating and NT$860.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM).
The analyst comments "We believe TSMC will pass through additional costs to customers, given its value added offering of global manufacturing... More
Las Vegas Sands (LVS) PT Raised to $61 at CFRA
April 18, 2024 8:36 AM EDTCFRA analyst Zachary Warring raised the price target on Las Vegas Sands (NYSE: LVS) to $61.00 (from $60.00) while maintaining a Buy rating.
The analyst comments "We raise our 12-month price target by $1 to $61, based on 14.0x our 2024 adjusted EBITDA estimate and in line with... More
