Streetbeat News

Analyst Ratings

ENV

RBC Capital analyst Daniel Perlin has maintained a 'Sector Perform' rating on Envestnet (NYSE:ENV) and increased the price target from $47 to $56.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 4:09 pm

CVNA

RBC Capital analyst Brad Erickson has maintained an Underperform rating on Carvana (NYSE:CVNA) but raised the price target from $24 to $45.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 4:05 pm

ALTM

Arcadium Lithium (NYSE:ALTM) has been evaluated by 8 analysts over the past three months, showing a mix of ratings from bullish to bearish. The average 12-month price target is now $6.72, a significant decrease from the previous $14.67. The company, a result of the Allkem-Livent merger, is a lithium producer benefiting from the EV market. Despite its strong net margin and ROE, Arcadium faces challenges with a -8.72% revenue decline and a market capitalization below industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

FRT

Analysts have diverse opinions on Federal Realty Investment (NYSE:FRT), with recent evaluations ranging from bullish to bearish. The average 12-month price target has risen to $110.0, a 2.8% increase from the previous $107.00. Actions by analysts include both upgrades and downgrades, reflecting varied perceptions of the company's performance and market position. Federal Realty Investment Trust owns high-quality retail properties in major metropolitan markets, with a portfolio emphasizing areas of significant growth. Despite its strong market position, the company faces challenges in revenue growth, net margin, ROE, and ROA, indicating potential areas for improvement.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

JNJ

Johnson & Johnson (NYSE:JNJ) is evaluated against its peers in the Pharmaceuticals industry, showing potential undervaluation based on PE, PB, and PS ratios but underperformance in ROE, EBITDA, gross profit, and revenue growth. The analysis highlights JNJ's financial metrics, market standing, and growth prospects, comparing them with major competitors. JNJ's lower debt-to-equity ratio suggests a stronger financial position, but its performance metrics indicate challenges in profitability and growth.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

CIEN

In the last three months, 9 analysts have rated Ciena (NYSE:CIEN) with a majority being bullish. The 12-month price targets show an average of $62.0, up 4.03% from the previous $59.60. Analyst actions include ratings from 'Outperform' to 'Strong Buy' with adjustments in price targets. Ciena's financial performance shows a positive revenue trend with a growth rate of 16.32% as of 31 October, 2023, a net margin of 8.07%, but an ROE below industry averages at 3.15%.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

KIM

Analysts have recently updated their evaluations of Kimco Realty (NYSE:KIM), with a mix of bullish and somewhat bullish ratings over the last three months. The average 12-month price target for KIM has been raised to $22.69, reflecting a 4.95% increase from the previous target. Key financial indicators show Kimco Realty's strong market presence but highlight challenges in revenue growth, net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

SSTK

Shutterstock (NYSE:SSTK) has received mixed analyst ratings over the past quarter, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target for SSTK has been adjusted to $61.25, down from $85.00, indicating a 27.94% decrease. Analysts from Needham, Truist Securities, and Morgan Stanley have provided updates, with price targets ranging from $55.00 to $70.00. Shutterstock's financial performance shows challenges, including a -6.87% revenue decline and below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

BLDR

RBC Capital analyst Mike Dahl has maintained an Outperform rating on Builders FirstSource (NYSE:BLDR) and increased the price target from $186 to $211.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:59 pm

MODV

ModivCare's stock trades lower following its Q4 financial results and Q1 revenue guidance, which fell below estimates. The company faced downgrades and reduced price targets from multiple firms.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:58 pm