Streetbeat News

Analyst Ratings

EXPD

Analysts have provided varying ratings for Expeditors Intl (NYSE:EXPD) over the last quarter, with a consensus of 'Somewhat Bearish' over the past 30 days. The average 12-month price target is $103.8, down from the previous $105.60. Analysts from firms including JP Morgan and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Expeditors Intl, a non-asset-based logistics provider, has seen a significant revenue decline of -49.8% as of September 30, 2023, but maintains strong net margin and ROE figures.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has been analyzed by 23 analysts, with a diverse range of opinions. The average 12-month price target is now $502.52, up 6.43% from the previous $472.16. Analysts from firms like Truist Securities, Stifel, and others have raised their price targets, reflecting a positive outlook on the company's performance. Lululemon designs and markets athletic apparel and accessories, with strong financial indicators such as a market cap above industry average, revenue growth of 18.7%, a net margin of 11.28%, ROE of 7.05%, ROA of 4.14%, and a low debt-to-equity ratio of 0.33.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

MBUU

Malibu Boats (NASDAQ:MBUU) has received mixed ratings from 5 analysts in the past three months, with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target is now $57.0, down from $60.40, with a high estimate of $62.00 and a low of $50.00. Analysts from Truist Securities, Raymond James, and Keybanc have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Malibu Boats is a leading boat manufacturer with recent acquisitions and in-house engine production. Despite a -15.35% revenue decline as of September 30, 2023, the company has strong financial health indicators such as a 7.92% net margin and a 3.3% ROE.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

HZO

MarineMax (NYSE:HZO) received mixed analyst ratings over the past three months, with 4 analysts providing ratings. The average 12-month price target is $42.75, with a high of $45.00 and a low of $40.00, marking a 2.84% decrease from the previous average. Analysts from Truist Securities and Stifel have adjusted their price targets and ratings, reflecting their latest views on the company's performance. MarineMax, a U.S.-based recreational boat seller, has shown strong financial performance with a revenue growth rate of 10.77%, a net margin of 2.55%, an ROE of 1.67%, and an ROA of 0.63%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

NIO

NIO Inc (NYSE:NIO) stock is trading lower following a downgrade from BofA Securities analyst Ming Hsun Lee, changing the rating from Buy to Neutral. This follows a recent initiation of coverage by Goldman Sachs with a price target of $8.40, highlighting potential growth challenges due to a lack of new model launches. Despite 11 positive and six neutral ratings from analysts, with an average price target of $27.34, NIO shares have declined over 15% since the start of the year but saw an increase after the launch of the ET9 sedan and new power swap stations. The stock also benefited from supportive macroeconomic policy adjustments by the People's Bank of China. However, the announcement of a repurchase right for convertible senior notes due 2026 contributed to a recent 10% decline over five trading days, with shares down 4.51% at $7.57 at the time of publication.

Portfolio Pulse from Adam Eckert

January 09, 2024 | 7:57 pm

ABG

AN

RACE

BofA Securities analyst John Murphy selected Ferrari NV (RACE), Asbury Automotive Group Inc (ABG), and AutoNation Inc (AN) as top picks for 2024, citing luxury status, strong free cash flow, and a favorable position in the auto industry. The industry is expected to benefit from volume recovery and a new cycle in North America. Ferrari is praised for its brand value and luxury status, Asbury for its improved business structure and acquisition strategy, and AutoNation for its ability to maintain strong SG&A leverage. Key auto industry themes for 2024 include North American volume growth, EV market dichotomy, the impact of the U.S. election on clean vehicle transition, benefits from lower raw materials and transportation costs, and solid auto credit market despite rising delinquencies.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 7:50 pm

BTCUSD

ETHUSD

Crypto trader Capo predicts a short-term rally in Bitcoin and Ethereum prices if a spot Bitcoin ETF is approved, followed by a 'massive correction.' Capo suggests that Bitcoin could reach $48,000-$50,000 and Ethereum could hit $2,500-$2,600 before he would start opening swing short positions. His bearish outlook is based on strong whale interest at these levels and the potential for news-driven volatility leading to temporary spikes and sharp drops.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 7:46 pm

MCHP

Truist Securities analyst William Stein has maintained a Buy rating on Microchip Technology (NASDAQ:MCHP) but has lowered the price target from $97 to $93 as reported on January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:41 pm

LULU

Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $555 to $561.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:38 pm

THO

Truist Securities analyst Michael Swartz has maintained a Hold rating on Thor Industries (NYSE:THO) and increased the price target from $96 to $105.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:30 pm