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Analysts' ratings for Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cisco Systems and provided 12-month price targets. The average target is $55.0, accompanied by a high estimate of $60.00 and a low estimate of $49.00. Witnessing a positive shift, the current average has risen by 4.9% from the previous average price target of $52.43.
<img src="https://www.benzinga.com/files/images/story/2024/1726837230_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Cisco Systems by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Raises</td>
<td>Buy</td>
<td>$58.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Pierre Ferragu</td>
<td>New Street Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$57.00</td>
<td>-</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>George Notter</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$53.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$53.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cisco Systems. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cisco Systems compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Cisco Systems's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Cisco Systems's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CSCO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cisco Systems analyst ratings.</a>
<h2>All You Need to Know About Cisco Systems</h2>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
<h3>Cisco Systems: Financial Performance Dissected</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Challenges: Cisco Systems's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -10.27%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Cisco Systems's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.85% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.74%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Cisco Systems's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.75%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.68, Cisco Systems adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

CSCO

Cracking The Code: Understanding Analyst Reviews For Cisco Systems

Across the recent three months, 22 analysts have shared their insights on Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $29.95, a high estimate of $38.00, and a low estimate of $23.00. Experiencing a 13.81% decline, the current average is now lower than the previous average price target of $34.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1726837219_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Confluent by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chirag Ved</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$28.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$30.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>William Power</td>
<td>Baird</td>
<td>Announces</td>
<td>Neutral</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Pinjalim Bora</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$25.00</td>
<td>-</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$31.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Nick Altmann</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$25.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$30.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$29.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$30.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Buy</td>
<td>$30.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$32.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Miller Jump</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$30.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Kingsley Crane</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$34.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$28.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$26.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$28.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$38.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$25.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Howard Ma</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$37.00</td>
<td>$37.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Confluent. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Confluent compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Confluent's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CFLT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Confluent analyst ratings.</a>
<h2>Discovering Confluent: A Closer Look</h2>
Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.
<h3>Breaking Down Confluent's Financial Performance</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Confluent's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 24.14%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Confluent's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -38.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -10.46%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Confluent's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.62%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 1.27, Confluent faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

CFLT

Breaking Down Confluent: 22 Analysts Share Their Views

WHLRL

Trading Halt: Halt status updated at 9:00:00 AM ET: Quotation Resumption: News and Resumption Times

Evercore ISI Group analyst Michael Binetti maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Outperform and raises the price target from $105 to $110.

News

Price Target

Evercore ISI Group Maintains Outperform on Nike, Raises Price Target to $110

The U.S. and Taiwan are initiating collaboration between their drone companies to create supply chains independent of China. Executives from 26 U.S. drone and anti-drone companies will arrive in Taipei on Sunday for three days of meetings with Taiwanese counterparts, military officials, and researchers.
What Happened: The delegation includes officials from the U.S. Commerce Department, the Pentagon's Defense Innovation Unit, and Dev Shenoy, head of the Defense Department's microelectronics research and engineering. The visit underscores efforts to &#8220;de-risk&#8221; supply chains amid U.S.-China competition and security concerns over Chinese products with dual civilian and military uses, Financial Times <a href="https://www.ft.com/content/ce851c48-6aa5-48d2-b28a-6c806cc10518">reported</a> on Friday
The mission aims to help US companies find non-Chinese component suppliers or manufacturing partners. Taiwan's Defence Minister, Wellington Koo, stated that the visit is an opportunity for Taiwan to integrate into U.S. supply chains and engage in co-production. This integration could help Taiwan overcome export challenges due to its international status and pressure from China.
Among the visiting companies are AeroVironment , Dedrone, and Northrop Grumman . Taiwan's government is also boosting its drone industry, awarding NT$6.8bn ($210mn) in defence ministry orders to private companies for autonomous platforms, including microdrones and ship-borne reconnaissance drones.
See Also: <a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says If Government Shutdown Happens It Will Be Because Of &#8216;Republican Poison Pills&#8217; — &#8216;The  American People Are Going To Hold Them Responsible&#8217;</a>
Why It Matters: The collaboration between the US and Taiwan in the drone industry comes amid rising tensions with China. Recently, the US Air Force has been testing AI-powered drones, such as the <a href="https://www.benzinga.com/government/23/08/34096150/us-air-force-testing-ai-powered-enemy-fighting-drones-as-china-taiwan-tensions-simmer">XQ-58A Valkyrie</a>, which can significantly alter military warfare by evaluating enemy threats and carrying missiles.
Additionally, the US has approved a <a href="https://www.benzinga.com/news/24/09/40892360/us-approves-228m-military-sale-to-taiwan-to-boost-aircraft-combat-readiness-amid-rising-tensions-wit">$228 million military sale</a> to Taiwan to enhance its aircraft combat readiness. This move is part of a broader strategy to support Taiwan&#8217;s defense capabilities.
Moreover, the US has decided to keep a mid-range missile system in the Philippines, despite China&#8217;s demands for its removal. This <a href="https://www.benzinga.com/news/24/09/40952025/us-keeps-missiles-vital-for-defence-of-taiwan-in-philippines-despite-beijings-demands-for-removal-re">Typhon missile system</a> is seen as crucial for defending Taiwan in the event of a Chinese attack.
China has issued stern warnings to the US regarding interference in its sovereignty. Chinese Ambassador Xie Feng emphasized that the <a href="https://www.benzinga.com/news/24/09/40851594/chinese-ambassador-issues-stern-warning-to-us-on-red-lines-taiwan-question-is-the-most-paramount-and">Taiwan question</a> is a critical &#8220;red line&#8221; in US-China relations.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Global

General

Amid China Threat, US And Taiwan Team Up To Boost Drone Industry Cooperation To 'De-Risk' Supply Chains

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5804bb14846faa000106aa5f/dara-mohsenian">Morgan Stanley analyst Dara Mohsenian</a> downgraded the rating for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Overweight to Equal-Weight and maintained the price target of $185. PepsiCo shares fell 0.3% to close at $174.66 on Thursday. <a href="https://www.benzinga.com/quote/PEP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein analyst Danilo Gargiulo downgraded Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) from Outperform to Market Perform and lowered the price target from $190 to $180. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/DRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e58f002ece4e6000120bf6b/silvan-tuerkcan">JMP Securities analyst Silvan Tuerkcan</a> downgraded Notable Labs, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTBL#NASDAQ">NTBL</a>) from Market Outperform to Market Perform. Notable Labs shares gained 5.5% to close at $0.4780 on Thursday. <a href="https://www.benzinga.com/quote/NTBL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Matthew Hedberg downgraded the rating for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from Outperform to Sector Perform and lowered the price target from $50 to $40. Rapid7 shares gained 1.5% to close at $34.35 on Thursday. <a href="https://www.benzinga.com/quote/RPD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f277f9dd00011b0aab/ravi-shanker">Morgan Stanley analyst Ravi Shanker downgraded FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from Equal-Weight to Underweight and slashed the price target from $21</a>5 to $200. FedEx shares rose 0.7% to close at $300.39 on Thursday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085657/image-166-1024x526.png" alt="" class="wp-image-558335" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085657/image-166-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085657/image-166-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085657/image-166-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085657/image-166.png 1306w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This PepsiCo Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

In the latest trading session, Take-Two Interactive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) closed at $153.65, marking a +0.21% move from the previous day. This change lagged the S&amp;P 500&#39;s 1.7% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%.
Shares of the publisher of &quot;Grand Theft Auto&quot; and other video games witnessed a loss of 4.21% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 2.85% and the S&amp;P 500&#39;s gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Take-Two Interactive in its upcoming earnings disclosure. The company is expected to report EPS of $0.42, down 65.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.45 billion, up 0.34% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.53 per share and a revenue of $5.61 billion, indicating changes of +0.8% and +5.28%, respectively, from the former year.
Any recent changes to analyst estimates for Take-Two Interactive should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts&#39; confidence in the company&#39;s business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we&#39;ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.76% higher. Right now, Take-Two Interactive possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Take-Two Interactive currently has a Forward P/E ratio of 60.68. For comparison, its industry has an average Forward P/E of 15.85, which means Take-Two Interactive is trading at a premium to the group.
One should further note that TTWO currently holds a PEG ratio of 1.87. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company&#39;s expected earnings growth rate into account. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.27 as of yesterday&#39;s close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 209, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2338814/here-s-why-take-two-interactive-ttwo-gained-but-lagged-the-market-today?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2338814">To read this article on Zacks.com click here.</a>

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Large Cap

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Tech

TTWO

Here's Why Take-Two Interactive Gained But Lagged the Market Today

<a href="https://www.jcapitalresearch.com/uploads/2/0/0/3/20032477/2024_09_20_inod.pdf" title="https://www.jcapitalresearch.com/uploads/2/0/0/3/20032477/2024_09_20_inod.pdf">https://www.jcapitalresearch.com/uploads/2/0/0/3/20032477/2024_09_20_inod.pdf</a>

Short Sellers

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INOD

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Evercore ISI Group Maintains Outperform on Cisco Systems, Raises Price Target to $60

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ACRE

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RBC Capital analyst Ken Herbert maintains MDA Space (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MDA#TSX">MDA</a>) with a Outperform and raises the price target from C$18 to C$20.

TSX:MDA

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Evercore ISI Group analyst Chirag Ved maintains Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Outperform and lowers the price target from $33 to $28.

Evercore ISI Group Maintains Outperform on Confluent, Lowers Price Target to $28

WHLR

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Wells Fargo analyst Donald Fandetti downgrades Claros Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMTG#NYSE">CMTG</a>) from Equal-Weight to Underweight and announces $8 price target.

CMTG

Wells Fargo Downgrades Claros Mortgage Trust to Underweight, Announces $8 Price Target

Evercore ISI Group analyst Mark Mahaney maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Outperform and raises the price target from $225 to $240.

AMZN

Evercore ISI Group Maintains Outperform on Amazon.com, Raises Price Target to $240

RBC Capital analyst James McGarragle reiterates NanoXplore (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GRA#TSX">GRA</a>) with a Outperform and maintains C$3.25 price target.

Reiteration

TSX:GRA

RBC Capital Reiterates Outperform on NanoXplore, Maintains C$3.25 Price Target

Source: <a href="https://www.streetwisereports.com/article/2024/09/18/exploration-co-appoints-renowned-exploration-geologist-as-adviser.html?utm_medium=feed">Streetwise Reports 09/18/2024</a>
This mining professional was involved in discovering and delineating a 30 billion pound copper resource in Panama. Read on to learn more about him.
Prosper Gold Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pgxff#OTC">PGXFF</a>) appointed Colin Burge, a retired exploration geologist with a 30-year career, as an adviser to the company starting immediately, it announced in a news release.
&quot;Colin brings a wealth of porphyry knowledge and expertise to our team&quot; President and Chief Executive Officer Peter Bernier said in the release. &quot;We look forward to Colin&#39;s expert engagement and assistance in guiding exploration at the Cyprus project and future development opportunities for the company.&quot;
Burge&#39;s expertise lies in discovering and delineating porphyry copper and volcanogenic massive sulfide (VMS) deposits, mostly using geophysical techniques.
Discovery-oriented Burge was part of Inmet Mining Corp.&#39;s corporate development team that led on-site geological activities that resulted in the discovery and delineation of 30,000,000,000 pounds of copper at the Cobre Panama project in Panama. Subsequently, First Quantum Minerals Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fqvlf#OTC">FQVLF</a>) acquired Inmet for US$5 billion (US$5B) in 2013.
Previously, Burge managed exploration activities at the Cayeli copper-rich VMS deposit in northeast Turkey and conducted project work in Peru, Australia, Nevada, and Greece for various companies, including Falconbridge Copper Ltd. in British Columbia. He has a bachelor of earth science degree from the University of Waterloo.
Since retiring in 2016, Burge has been evaluating properties for senior and junior mining companies in Canada and the U.S.
In another news announcement in the release, Prosper granted 150,000 stock options to its chief financial officer and an aggregate of 350,000 options to certain of the company&#39;s advisers and employees. Options may be exercised over the next years at CA$0.15 per share. They will vest equally every six months over a two-year period.
<h2>District-Scale Exploration</h2>
Prosper Gold, headquartered in Vancouver, British Columbia (B.C.), is a minerals explorer concentrating on porphyry copper-gold and high-grade gold vein systems, according to its website. Modeled after its predecessor Richfield Ventures, bought out after defining a multimillion-ounce resource, Prosper pursues &quot;the right type of projects at the right time in an improving market.&quot;
The company has two district-scale exploration projects in Canada: Cyprus in north-central B.C. and Golden Sidewalk in northwestern Ontario
Cyprus, the focus of a current exploration program, is a porphyry copper-gold project comprising 623 square kilometers (623 sq km) of contiguous claims in part of an Eocene porphyry belt. It is on trend with American Eagle Gold Corp.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/amegf#OTC">AMEGF</a>) NAK Project, 60 km to the south in the same metallogenic belt, Technical Analyst Clive Maund reported in an Aug. 16 report.*
<img alt="" class="float_left" src="https://www.theaureport.com/images/auto_up/202491853055_1.png" style="height:577px; width:1000px" />
The three known copper prospects at Cyprus are Kaza, Northstar, and Big-Time. Historically, the property showed 138 meters (138m) of 0.55% copper. Most recently, a property-wide ZTEM survey was conducted, which outlined six high-priority porphyry copper-gold targets, named Targets A through F, undercover, in areas with little to zero outcrop. They were shown to have multikilometer footprints extending to depth.
Of the sextet, Target A is the highlight as it &quot;represents a very attractive porphyry target.&quot; Next to a regional fault, Target A is a 2-by-4 km conductivity anomaly coinciding with a pronounced magnetic low.
&quot;The recent ZTEM (Z‐Tipper Axis Electromagnetic) survey results are encouraging given the characteristics of the anomalies and the presence of copper-gold mineralization elsewhere on the project&quot; Burge said in the release.
Prosper&#39;s Golden Sidewalk is an Archean orogenic gold project covering 160 sq km of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone belt, about 60 km east of Ontario&#39;s Red Lake. Three mineralized trends have been identified at the property.
The Canadian exploration company also boasts &quot;an experienced and outstanding management team&quot; as described by Maund. CEO Bernier at Richfield Ventures delineated a significant bulk tonnage deposit whose initial resource estimate was 4,200,000 ounces of gold in the Indicated and Inferred categories. New Gold Inc. (AMEX:NGD) acquired Richfield in 2011 for US$550 million.
&quot;The fact that people like Peter Bernier are on the management team of Prosper Gold means that there is a very good chance of it making a significant discovery or discoveries, for the simple reason that if it didn&#39;t, he probably wouldn&#39;t be there&quot; Maund wrote. &quot;If Peter Bernier can do what he did with Richfield Ventures once, he can do it again.&quot;
<h2>Demand for Copper &quot;Unstoppable&quot;</h2>
The global copper market is expected to grow in value by 2030 to US$259B from US$170B in 2022, according to Statista.
&quot;Copper has become indispensable&quot; Marin Katusa of Katusa Research wrote in a recent article. From electric vehicles to renewable energy systems, its role in the global economy is critical. The ongoing electrification of the world depends heavily on copper, and this dependence is only set to grow.
This is good news for copper exploration companies, particularly those with a copper-gold porphyry deposit. These deposits, according to Investing News Network, are &quot;among the world&#39;s most valuable deposits&quot; because they contain the largest known exploitable concentrations of copper.
INN explained in another article, &quot;Due to their size and scope, copper porphyry deposits have the potential to become large-tonnage, low-cost operations based on mineralization.&quot;
<blockquote class="callOut left">&quot;The strongly positive results from this ZTEM survey make the stock even more of a Buy than it was before&quot; Technical Analyst Clive Maund wrote.</blockquote>
According to Katusa, demand for &quot;the engine of the green economy&quot; is &quot;unstoppable&quot; and a supply crunch is inevitable, as indicated by three metrics.
They are the rapid decline in days of forward consumption of copper, the long-term global market balance for copper moving toward a deficit, and a slowing of global mine production of copper. From 2015 to 2023, only 18,000,000 (18 Mt) of copper were discovered versus 28 Mt in 2014 alone.
While demand for the red metal is increasing, supply remains constrained. Joe Austin, senior analyst at Chaikin Analytics, reported that the copper supply is expected to start declining after peaking at some point in the next two years, according to the International Energy Agency. The agency estimates a copper shortfall of about 7 Mt by 2035, about a third of the output forecasted for that year.
&quot;By 2040, the available supply of copper will be roughly two-thirds of what we produce today. But by then, the demand for copper will have soared far higher than where it is today&quot; Austin wrote.
This anticipated tightening of the copper market is likely to cause a price surge, Katusa purported. In fact, the outlook for the copper price, important for Prosper Gold, is favorable, Maund wrote on Sept. 10.
&quot;The recent reaction appears to have run its course&quot; noted the analyst. &quot;It now looks like it is shaping up to begin another major uptrend, which is hardly surprising given the huge copper supply deficit that is right now starting to bite and is set to get a lot worse as this decade unfolds.&quot;
<h2>The Catalyst: Exploration Progress</h2>
Along with the now completed ZTEM survey, the work planned for Prosper&#39;s in-progress 2024 exploration program includes 2,500m of drilling, trenching, and regional exploration, according to the company&#39;s September 2024 Presentation.
The results of any of these components could push up the explorer&#39;s share price.
<h2>Stock is an Immediate Strong Buy</h2>
The stock charts indicate Prosper Gold is positioned now to break out of its consolidation pattern and begin a new upleg, Maund wrote. This anticipated rally could be better than the last one.
Therefore, Maund rated the stock an Immediate Strong Buy for all time horizons and indicated he intends to remain long in it.
&quot;The strongly positive results from this ZTEM survey make the stock even more of a Buy than it was before&quot; he wrote.
<h2>Ownership and Share Structure</h2>
According to the company,17.9% of Prosper Gold is owned by management and insiders. Of those, CEO Peter Bernier owns the most with 12.88% and Director Jason Hynes owns 1.86%.
The rest is with retail investors.
The company presently has 36.7 million free float shares and a market cap of 4.3 million. The 52-week range of Prosper Gold is US$0.06&ndash;$0.15,
Important Disclosures:
Prosper Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
* Disclosure for the quote from the Clive Maund article published on August 18, 2024
<ol>
<li>For the quoted article (published on August 18), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.</li>
<li>Author Certification and Compensation: [Clive Maund of clivemaund. com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
</ol>
Clivemaund .com Disclosures
The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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FQVLF

PGXFF

Exploration Co. Appoints Renowned Exploration Geologist as Adviser

Wells Fargo analyst Donald Fandetti upgrades Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) from Equal-Weight to Overweight and raises the price target from $19 to $23.

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