Streetbeat News

Analyst Ratings

MCFT

MasterCraft Boat Hldgs (NASDAQ:MCFT) received mixed analyst ratings over the past three months, with a current average 12-month price target of $23.5, down from the previous $25.25. Analysts from Truist Securities and Stifel adjusted their price targets, with Truist raising their target from $20 to $22 and then lowering it to $20, while Stifel lowered their target from $33 to $29. Raymond James also lowered their target from $25 to $23. Despite a -38.52% revenue decline over 3 months, MCFT has a strong net margin of 5.94% and an ROE of 3.23%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:01 pm

CROX

Six financial analysts have recently updated their ratings on Crocs (NASDAQ:CROX), with a general trend towards bullishness. The average 12-month price target is now $120.83, up 12.4% from the previous $107.50. Analysts from firms like Raymond James and Stifel have raised their price targets, reflecting positive sentiment towards the company's performance. Crocs has shown strong financial metrics, including a 6.15% revenue growth rate, a net margin of 16.93%, and an ROE of 14.81%. However, the company's debt-to-equity ratio of 1.91 suggests higher financial risk.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:00 pm

PRTA

Prothena Corp (NASDAQ:PRTA) has been reviewed by 5 analysts over the past three months, with ratings ranging from bullish to somewhat bullish. The average 12-month price target is $97.6, with a high of $129.00 and a low of $62.00, reflecting a 7.92% decrease from the previous average. Analysts from firms including Cantor Fitzgerald, Deutsche Bank, and JMP Securities have adjusted their ratings and price targets. Prothena's financials show a significant revenue growth rate of 5494.33% as of September 30, 2023, a net margin of 25.81%, an ROE of 3.65%, an ROA of 2.99%, and a low debt-to-equity ratio of 0.02.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:00 pm

CSGP

CTAS

FICO

HRB

RHI

SPGI

Goldman Sachs analyst George K. Tong has provided insights on America's Business & Information Services sector, highlighting the sector's performance and future outlook. The sector underperformed the S&P 500 in 2023 but is expected to see organic revenue growth in 2024, with Info Services outperforming Business Services. Tong reiterated Buy ratings on Cintas Corporation, CoStar Group, Fair Isaac Corporation, Gartner, Inc., and S&P Global Inc., with respective price targets. Conversely, Sell ratings were maintained for H&R Block, Inc. and Robert Half Inc., with their respective price targets, due to muted outlooks and declining revenues.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 8:40 pm

AMZN

META

PINS

SNAP

BMO Capital analyst Brian Pitz initiated coverage on Meta Platforms Inc (META) with a Market Perform rating and a price target of $397, citing growth headwinds. He recommended holding but not adding new funds to META. Pitz also started coverage on Pinterest Inc (PINS) with an Outperform rating and a price target of $45, highlighting monetization potential and user engagement. Snap Inc (SNAP) also received an Outperform rating with a price target of $22, with a focus on its AR capabilities and privacy. Amazon.com Inc (AMZN) was mentioned in relation to Pinterest's monetization strategies. META shares were slightly down, PINS shares were up, and SNAP shares were slightly down in recent trading.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 8:37 pm

DUK

BMO Capital analyst James Thalacker has maintained an Outperform rating on Duke Energy (NYSE:DUK) and increased the price target from $95 to $103, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:29 pm

DAL

JBLU

SAVE

UAL

BofA Securities analyst Andrew G. Didora provided mixed ratings for airlines, downgrading JetBlue (JBLU) to Underperform with a price target of $3, citing industry challenges and engine issues. The outcome of JetBlue's lawsuit regarding the acquisition of Spirit Airlines (SAVE) also poses execution risk. United Airlines (UAL) was upgraded to Buy with a price target of $56, due to strong balance sheet and revenue growth prospects. Delta Air Lines (DAL) maintained a Buy rating with a $50 price target, expected to generate significant free cash flow in 2024. Airline stocks underperformed last year, and the domestic market is projected to be oversupplied in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 8:18 pm

WFC

Wells Fargo (NYSE:WFC) has seen a significant surge in options activity, with a total of 29 unusual trades detected by Benzinga's options scanner. The sentiment among these large investors is nearly evenly split but leans slightly bearish, with 23 puts and 6 calls traded. The puts total $1,895,589, while calls amount to $204,964. The predicted price range for WFC over the next three months is $35.0 to $55.0. The stock is currently trading at $49.2, down by -1.45%, with an RSI suggesting it may be approaching overbought territory. Earnings are expected in 3 days. Analysts have mixed opinions, with price targets ranging from $51 to $66. Deutsche Bank downgraded WFC to Hold, Odeon Capital upgraded it to Buy, Baird downgraded it to Neutral, and Barclays maintained an Overweight rating.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:15 pm

ACCD

ACI

CUTR

GRFS

HPE

JBLU

JNPR

TCS

U.S. stocks traded mixed with the Nasdaq Composite turning higher, while the Dow and S&P 500 fell. Information technology shares rose, but energy shares declined. Albertsons Companies Inc. reported higher-than-expected Q3 sales and adjusted EPS. Cutera's shares surged after providing positive preliminary FY23 revenue guidance. Juniper Networks' shares rose on reports of acquisition talks with Hewlett Packard Enterprise. Accolade's shares increased following Q3 results. Grifols' shares fell after a negative report by Gotham City Research. The Container Store Group's shares dropped due to lower-than-expected Q3 net sales forecast. JetBlue Airways' shares declined after a downgrade by B of A Securities and a CEO succession announcement.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 8:10 pm

BTCUSD

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower on Tuesday but have risen 5% over the past month. Needham analyst John Todaro maintained a Buy rating and increased the price target from $160 to $180, adding Coinbase to the Conviction List for 2024. Coinbase's product growth, derivatives launch, and international expansion, particularly its approval as a VASP in France, were highlighted. This approval positions Coinbase for expansion across the EU once MiCA regulation is implemented. The potential approval of a spot Bitcoin ETF and the rally in Bitcoin prices have positively influenced Coinbase shares, which are up over 90% in the past six months.

Portfolio Pulse from Erica Kollmann

January 09, 2024 | 8:02 pm