Streetbeat News

Price Targets

BAC

Unusual options activity has been observed in Bank of America (NYSE:BAC), with 24 uncommon trades spotted, including 7 puts and 17 calls. The overall sentiment is split between 54% bullish and 45% bearish. Whales have been targeting a price range of $15.0 to $37.0 for BAC over the last 3 months. Citigroup maintains a Neutral rating on BAC with a price target of $31.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 6:16 pm

SHOP

Oppenheimer analyst Ken Wong raised Shopify's (NYSE:SHOP) price target to $80 from $70 with an Outperform rating, citing stronger margins and EBIT in FY24. The analyst is bullish on the company's strategic shift and expects total operating expense savings of around $750 million.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 6:13 pm

COHR

MIELF

Needham analyst Jim Ricchiuti reiterated a Buy rating on Coherent Corp. (NYSE:COHR) and nearly doubled the price target to $64 from $33. The company is expected to benefit from long-term recovery of network business and strength in industrial markets, boosted by AI. Coherent's recent MOU with Mitsubishi Electric Corp (OTC:MIELF) and the acquisition of Finisar are also seen as positive factors.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2023 | 6:03 pm

ESI

BMO Capital Markets analyst Bhavesh Lodaya initiated coverage of Element Solutions Inc (NYSE:ESI) with an Outperform rating and a price target of $23. Lodaya is bullish on the company's diversified offerings, low capital intensity, and high cash flow generation, expecting ESI to benefit from 5G, semiconductors, and EV market growth.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 6:01 pm

ENTG

BMO Capital Markets analyst Bhavesh Lodaya initiated coverage of Entegris Inc (NASDAQ:ENTG) with an Outperform rating and a price target of $129. Lodaya sees strong growth prospects for ENTG, driven by its high EBITDA growth, margins, and rising demand for contamination control in AI, AR/VR, and 5G.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 5:57 pm

CAT

A large investor has taken a bullish stance on Caterpillar (NYSE:CAT), with 70% of big-money traders being bullish and 30% bearish. Whales have been targeting a price range of $220 to $260 for Caterpillar over the last 3 months. Tigress Financial maintains a Buy rating on Caterpillar with a price target of $282.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 5:31 pm

RBLX

A large bearish position on Roblox (NYSE:RBLX) has been observed, with 12 unusual options trades spotted. The sentiment is split between 41% bullish and 58% bearish. Whales have been targeting a price range of $40 to $50 for Roblox over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $48.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 5:17 pm

NVEE

Baird analyst Andrew Wittmann maintains a Neutral rating on NV5 Global (NASDAQ:NVEE) and keeps the $104 price target unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 5:16 pm

ACLX

HC Wainwright & Co. analyst Emily Bodnar reiterates a Buy rating on Arcellx (NASDAQ:ACLX) and maintains a $49 price target.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 5:12 pm

CPRX

Truist Securities analyst Joon Lee maintains a Buy rating on Catalyst Pharmaceuticals (NASDAQ:CPRX) and raises the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 5:09 pm