Streetbeat News

Analyst Ratings

ADT

ADT Inc (NYSE:ADT) shares fell after hours following the announcement of a secondary public offering of 55 million shares held by Apollo Global Management affiliates, with an option for underwriters to buy an additional 8.25 million shares. ADT will not sell any shares nor receive proceeds from the offering but will repurchase 15 million shares as part of its $350 million buyback program. Despite the drop, analysts, including George Tong from Goldman Sachs, view ADT as a Buy, expecting a 10.67% rise in the coming year.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 9:48 pm

TGT

Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating on Target Corporation (NYSE:TGT) and increased the price target from $160 to $195.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:26 pm

TGT

JP Morgan analyst Christopher Horvers has maintained a Neutral rating on Target (NYSE:TGT) and increased the price target from $157 to $180.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:20 pm

DVA

Barclays analyst Sarah James has initiated coverage on DaVita (NYSE:DVA) with an Equal-Weight rating and set a price target of $133.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:09 pm

MTB

M&T Bank (NYSE:MTB) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for MTB has increased to $160.57, reflecting a positive adjustment in analysts' expectations. Despite facing challenges such as a -2.69% decline in revenue growth and a below-industry net margin, M&T Bank's strong market position, impressive ROE, and ROA highlight its financial performance. Analysts' actions, ranging from maintaining to raising or lowering ratings, indicate a nuanced view of the bank's prospects.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:01 pm

BE

In the last three months, 11 analysts have published diverse ratings on Bloom Energy (NYSE:BE), with a downward trend in the 12-month price target from $17.10 to $15.27. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and Bloom Energy's performance. Despite facing a revenue decline of -22.84% as of December 31, 2023, Bloom Energy's financial indicators such as net margin, ROE, and ROA remain strong, although its debt-to-equity ratio indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:00 pm

PGR

Progressive Corp's stock (PGR) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $185 to $227.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:36 pm

MU

Options market activity indicates a bullish stance on Micron Technology (NASDAQ:MU), with 55% of investors showing bullish expectations. Significant trading activity aims for a price range of $60.0 to $150.0 over the next three months. Micron Technology, a major semiconductor company, is currently trading at $95.13, up by 0.7%, with an RSI suggesting it may be approaching overbought territory. An analyst from Mizuho maintains a Buy rating with a target price of $105.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:15 pm

SHOP

Shopify (NYSE:SHOP) has seen a mix of bullish and bearish options trading, with a slight lean towards bearish sentiment. Analysis of 21 trades shows 47% bullish and 52% bearish positions, with significant activity in calls over puts. The price target range for SHOP is between $25.0 and $100.0. Recent trading volume and RSI indicators suggest the stock may be approaching oversold territory. Analyst ratings in the last 30 days have set an average price target of $80.6, with varying opinions from major financial institutions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:15 pm

SKX

Over the last three months, Skechers USA (NYSE:SKX) has been reviewed by 8 analysts, showing a shift towards more bullish sentiments. The average 12-month price target has been raised to $70.75, indicating a 6.5% increase from the previous target. Analyst actions vary, with some raising and others lowering their price targets, reflecting ongoing adjustments to market conditions and company performance. Skechers has shown notable revenue growth and profitability, outperforming industry averages in net margin and ROE, but lagging in ROA.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:00 pm