Streetbeat News

Analyst Ratings

HIW

Over the past 3 months, 4 Wall Street analysts have published their opinions on Highwoods Properties (NYSE:HIW), with 1 bullish and 3 indifferent ratings. The 12-month average price target for HIW is $23.5, with a high of $28.00 and a low of $20.00. This average has decreased by 22.95% from the previous target of $30.50. Analyst ratings are updated quarterly and can influence stock performance.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

WDC

Western Digital (NASDAQ:WDC) received 9 analyst ratings in the last quarter, with an average price target of $49.33, representing an upside from the current price of $46.6. The average price target has increased by 18.16% from the previous target of $41.75. The ratings include 1 bullish, 4 somewhat bullish, and 4 indifferent, with no bearish or somewhat bearish ratings.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

PD

PagerDuty (NYSE:PD) has received 5 analyst ratings in the last quarter, with 2 somewhat bullish and 3 indifferent, and no ratings in the last month. The average 12-month price target among these analysts is $27.8, with a high of $32.00 and a low of $25.00. This target is a 9.59% decrease from the previous target of $30.75. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

GDDY

GoDaddy (NYSE:GDDY) has received 6 analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target among these analysts is $96.17, with a high of $110.00 and a low of $80.00, representing a slight decrease from the previous target of $97.00. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

PEG

Public Service Enterprise (NYSE:PEG) has received 9 analyst ratings in the last quarter, with 1 bullish, 6 somewhat bullish, and 2 indifferent. The average 12-month price target among these analysts is $63.22, with a high of $69.00 and a low of $60.00. This target has increased by 0.52% from the previous average of $62.89. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

PPL

PPL Corporation (NYSE:PPL) has received 5 analyst ratings in the last quarter, with 3 being somewhat bullish and 2 indifferent. The average price target is $27.6, representing an implied upside from the current price of $26.18. This target has decreased by 4.83% from the previous target of $29.00. Analysts rate stocks to provide investment guidance, but their ratings are opinions and should be used with other research.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

NSTG

NanoString Technologies' stock (NSTG) trades lower following a downgrade by Baird from Outperform to Neutral, with a price target reduction from $4 to $0.75.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:38 pm

NOVA

Mizuho Securities analyst Maheep Mandloi initiated coverage on Sunnova Energy International Inc (NOVA) with a Buy rating and a $20 price target, citing the company's potential to gain market share amid higher interest rates and a shift in the industry from loans to leases. Mandloi expects NOVA to outpace market share growth through FY26 due to strong demand for their lease/PPA offerings and IRA tax credit benefits. The analyst also highlights NOVA's unique dealer strategy, projecting over 30% Y/Y customer growth in FY24 and increasing unlevered IRRs. Despite anticipating a decline in California's solar demand in FY24, Mandloi expects battery storage growth to mitigate solar volume declines. NOVA's Net Earning Assets are projected to grow significantly from FY23 through FY25. NOVA shares dropped 4.18% to $10.54.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 8:22 pm

ADBE

CRM

MSFT

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Salesforce (CRM) but lowered the price target from $262 to $252, citing uncertainty on long-term growth. Despite this, Salesforce's valuation is seen as reasonable against large-cap peers. The analyst prefers Adobe (ADBE) and Microsoft (MSFT), noting Adobe's leadership in customer data platform solutions. Salesforce is expected to benefit from its integrated cloud suites and has potential for durable margin expansion. CRM shares dropped slightly by 0.41% to $224.21.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 8:14 pm

INCY

Goldman Sachs downgraded Incyte Corp (NASDAQ:INCY) from Buy to Neutral, reducing the price target from $98 to $65 due to uncertainties around Jakafi's lifecycle management and competitive concerns. The FDA's complete response letter for once-daily Jakafi requires a modified formulation, potentially delaying approval until 2026/2027. Incyte is not seen as a likely M&A target because of Jakafi's small biotech drug exemption, which would not apply if acquired. Incyte is focusing on M&A and business development, with over $3.5 billion in cash reserves and no debt.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 8:05 pm