Streetbeat News

Analyst Ratings

HQY

KeyBanc Capital Markets analyst Scott Schoenhaus reiterated an Overweight rating on HealthEquity, Inc. (NASDAQ:HQY) with a price target of $85. The analyst is bullish on the company's higher custodial yields and expects revenue growth through market share gains in the Health Savings Accounts markets. FY24 and FY25 revenue and adj. EBITDA estimates have been increased.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 6:39 pm

FN

Needham increased its price target on Fabrinet (NYSE:FN) from $120 to $150 with a Buy rating, citing confidence in the company's outlook and new AI customer. Fabrinet's new AI project, which started two years ago, is estimated to bring in over $100 million in business, offsetting pressures on the Telecom business and supporting double-digit growth.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 6:39 pm

GXO

Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on GXO Logistics (NYSE:GXO) and raised the price target from $62 to $67. The analyst is positive on the company's growth story, citing secular warehouse supply chain outsourcing tailwinds and a $2.3 billion business pipeline. Schneeberger also sees at least 6% y/y 2023 organic revenue growth and potential margin improvements due to automation and operating efficiency initiatives.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 6:13 pm

SHOP

Shopify Inc (NASDAQ:SHOP) shares are trading higher on above-average volume, following positive analyst coverage from Jefferies. Analyst Samad Samana maintained a Hold rating and raised the price target from $44 to $65. The stock is up more than 88% year-to-date.

Portfolio Pulse from Adam Eckert

June 12, 2023 | 6:13 pm

NCLH

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares are trading up after B of A Securities and JP Morgan raised their price targets on the stock. Additionally, Patrik Dahlgren has been appointed as the new Vice President, Vessel Operations.

Portfolio Pulse from Ryan Gustafson

June 12, 2023 | 6:07 pm

HD

Morgan Stanley analyst Simeon Gutman reaffirmed an Overweight rating on Home Depot Inc (NYSE:HD) with a price target of $320. The analyst expects long-term EBIT growth to outpace sales growth, implying margin expansion. Home Depot's 2023 Investor Conference is scheduled for June 13, 2023.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 6:06 pm

IONS

NTLA

Intellia Therapeutics announced updated interim results from the Phase 1 portion of the ongoing Phase 1/2 study of NTLA-2002, a CRISPR candidate for hereditary angioedema (HAE). A single dose led to a 95% mean reduction in monthly HAE attack rate. William Blair reiterates its Outperform rating, stating the data supports a competitive profile relative to peers like Ionis Pharmaceuticals' donidalorsen.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 6:05 pm

STAA

In the last 3 months, 6 analysts have offered 12-month price targets for Staar Surgical (NASDAQ:STAA), with an average price target of $73.5. The average price target has increased by 6.52% over the past month.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 6:02 pm

RACE

Five analysts have provided their ratings on Ferrari (NYSE:RACE) over the past three months, with an average price target of $300.6, slightly below the current price of $301.035. The average price target has increased by 7.55% from the previous average of $279.50.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 6:02 pm

EXTR

Over the past 3 months, 7 analysts have published their opinion on Extreme Networks (NASDAQ:EXTR) stock, with 6 bullish ratings and 1 indifferent rating. The company has an average 12-month price target of $23.5, which has increased by 2.17% over the past month.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 6:02 pm