Streetbeat News

Analyst Ratings

KBH

Credit Suisse analyst Daniel Oppenheim has reiterated a Neutral rating on KB Home (NYSE:KBH) and raised the price target from $42 to $51. The analyst increased the FY23 EPS estimate to $6.60 and FY24 EPS estimate to $5.95 due to higher orders and stronger closings. Over 13,000 closings are expected in 2023, with key upside risk being a sharp reduction in mortgage rates and improved affordability.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 6:43 pm

AMD

INTC

NVDA

SSNLF

TSM

Intel's Foundry Model Webinar disappoints investors as it trails Nvidia, TSMC, and Samsung. Analysts re-rate the stock with varying price targets. Intel believes the Internal Foundry Model will drive $4-5 billion in annual cost savings and provide better transparency.

Portfolio Pulse from Anusuya Lahiri

June 22, 2023 | 6:42 pm

DLTR

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dollar Tree Inc (NASDAQ:DLTR) with a price target of $162. The company's strategic plan includes opening new stores, enhancing merchandising, and modernizing its IT infrastructure, which is expected to result in annual EPS growth of mid-to-high teens, reaching 2026 EPS of $10+.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 6:40 pm

EXAS

Exact Sciences Corporation (NASDAQ:EXAS) is poised to dominate the emerging precision oncology market, with a potential $18 billion market. Analysts reiterate Buy ratings and raise price targets, as the company's Cologuard test shows promising results and management remains confident in future growth prospects.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 6:38 pm

ORAN

PANW

Palo Alto Networks (PANW) shares are trading higher after the company partnered with Orange Business and Orange Cyberdefense (ORAN) to offer a managed Secure Access Service Edge (SASE) solution for enterprise customers. BTIG analyst Gray Powell maintained a Buy rating for PANW and raised the price target from $253 to $307.

Portfolio Pulse from Ryan Gustafson

June 22, 2023 | 6:09 pm

SM

Susquehanna analyst Biju Perincheril reiterated a Neutral rating on SM Energy Company (NYSE:SM) and raised the price target to $32 from $30. The company is expected to benefit from Austin Chalk exploration results, increased capital return, and improved operating costs. SM Energy recently added 20,000 acres in the Northern Midland Basin, targeting the Dean and Middle Spraberry sand intervals.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 6:04 pm

ACCD

In the last quarter, Accolade (NASDAQ:ACCD) received 12 analyst ratings, with an average 12-month price target of $15.25, a high of $18.00, and a low of $13.00. The average price target increased by 20.65% over the past month.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 6:01 pm

BSX

Boston Scientific (NYSE:BSX) has received 10 bullish, 4 somewhat bullish, and 1 indifferent analyst rating in the last quarter, with an average price target of $57.67, up 7.41% from the previous average of $53.69.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 6:01 pm

DBX

Dropbox (NASDAQ:DBX) has received mixed analyst ratings in the last quarter, with an average 12-month price target of $25.33, a high of $30.00, and a low of $18.00. The average price target has increased by 8.25% over the past month.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 6:01 pm

CRDO

In the last 3 months, 6 analysts have offered 12-month price targets for Credo Technology Group (NASDAQ:CRDO), with an average price target of $17.33, an 18.7% increase over the past month.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 6:01 pm