Streetbeat News

Analyst Ratings

SNDX

HC Wainwright & Co. analyst Edward White has maintained a Buy rating on Syndax Pharmaceuticals (NASDAQ:SNDX) but has lowered the price target from $42 to $41.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:42 pm

PLUG

Plug Power (NASDAQ:PLUG) has been analyzed by 22 analysts, showing diverse opinions with 5 bullish, 3 somewhat bullish, 12 indifferent, 2 somewhat bearish, and 0 bearish ratings. The average 12-month price target is now $7.96, down from $14.29, with a high estimate of $27.00 and a low of $2.30. Multiple analysts have lowered their price targets and ratings, reflecting changing market dynamics and company performance. Plug Power focuses on building a green hydrogen ecosystem and has shown a revenue growth rate of 5.35% as of September 30, 2023, but faces challenges with a net margin of -142.66% and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

CMCSA

Over the past quarter, 6 analysts have provided diverse opinions on Comcast (NASDAQ:CMCSA), ranging from bullish to indifferent. The average 12-month price target for Comcast is $47.5, with a high estimate of $53.00 and a low estimate of $44.00, indicating a slight upward trend from the previous average of $46.33. Analysts have made various adjustments to their ratings and price targets, reflecting their response to Comcast's recent developments. Comcast's financial performance shows positive revenue growth, a high net margin, and strong ROE and ROA, with a prudent debt management strategy. The company's market capitalization suggests a robust market position.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

CHTR

Charter Communications (NASDAQ:CHTR) received mixed ratings from 8 analysts in the past three months, with 4 bullish and 4 indifferent ratings. The average 12-month price target is $484.75, down from the previous $511.71, with a high estimate of $600.00 and a low of $425.00. Analysts from firms including Rosenblatt, Benchmark, Citigroup, Morgan Stanley, Goldman Sachs, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Charter's financials show strong market recognition, revenue growth, profitability, and asset utilization, but also highlight challenges in debt management.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

CAN

EBON

HOOK

MARA

WBD

Benzinga's Stock Whisper Index highlights five stocks: Marathon Digital Holdings (MARA), HOOKIPA Pharma (HOOK), Ebang International Holdings (EBON), Canaan Inc (CAN), and Warner Bros. Discovery (WBD). MARA has surged due to Bitcoin's rise and an analyst's price target increase. HOOK rose after Gilead Sciences (GILD) bought shares, with potential for more purchases. EBON and CAN, both related to Bitcoin mining, saw significant gains. WBD's stock declined amid rumors of a potential merger with Paramount Global (PARA, PARAA).

Portfolio Pulse from Chris Katje

December 22, 2023 | 5:53 pm

MU

Micron Technology, Inc (NASDAQ: MU) stock is trading higher on Friday despite the U.S. announcing a survey for January 2024 to scrutinize the U.S. semiconductor supply chain. China remains a critical market for Micron, with the Chinese commerce minister inviting the company to expand its presence. Micron reported Q1 revenue of $4.73 billion, surpassing estimates, and provided strong Q2 guidance, citing the generative AI boom as a key driver. Analysts have raised price targets, and UBS analyst Timothy Arcuri has highlighted Micron as a top pick. The stock has risen 72% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 22, 2023 | 5:53 pm

KURA

Mizuho initiated coverage on Kura Oncology Inc (NASDAQ:KURA), highlighting the potential of its lead program ziftomenib for treating r/r NPM1-m AML. The firm sees a higher likelihood of success as more data becomes available, which could double the market reach and positively impact KURA's valuation. Analysts Mara Goldstein and Jerry Gong issued a Buy rating with a $26 price target. KURA shares rose 9.73% to $13.79 after the coverage initiation.

Portfolio Pulse from Vandana Singh

December 22, 2023 | 5:50 pm

PLUG

Craig-Hallum analyst Eric Stine has reiterated a Buy rating on Plug Power (NASDAQ:PLUG) and maintained the price target of $11 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:44 pm

DV

DoubleVerify Holdings Inc (NYSE:DV) is expected to see a 23% revenue growth in 2024, the fastest among all digital advertising companies covered by Needham. Analyst Laura Martin maintains a Buy rating and a price target of $45. The growth is attributed to several factors including social video impression growth, the SciBids acquisition, margin expansion, free cash flow growth, GenAI, retail media networks, immunity to cookie deprecation, and strong asset productivity trends. The digital advertising industry's growth suggests a long-term growth runway for DV, with a potential $800mm yearly revenue upside from CTV ad impressions verification. DV shares rose by 2.74% to $37.52.

Portfolio Pulse from Priya Nigam

December 22, 2023 | 5:40 pm

DIS

Rosenblatt analyst Barton Crockett has maintained a Buy rating on Walt Disney (NYSE:DIS) but has reduced the price target from $114 to $112.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:29 pm