Streetbeat News

Price Targets

GLTO

Oppenheimer analyst Jay Olson initiates coverage on Galecto (NASDAQ:GLTO) with an Outperform rating and a price target of $12.

Portfolio Pulse from richadhand@benzinga.com

June 20, 2023 | 8:56 am

USAP

Keybanc analyst Philip Gibbs upgrades Universal Stainless (NASDAQ:USAP) from Sector Weight to Overweight and announces a $16 price target.

Portfolio Pulse from richadhand@benzinga.com

June 20, 2023 | 8:21 am

HWM

Keybanc analyst Philip Gibbs maintains an Overweight rating on Howmet Aerospace (NYSE:HWM) and raises the price target from $47 to $50.

Portfolio Pulse from richadhand@benzinga.com

June 20, 2023 | 8:11 am

SBUX

TD Cowen analyst Agnes Lim initiates coverage on Starbucks (NASDAQ:SBUX) with an Outperform rating and a price target of $117.

Portfolio Pulse from richadhand@benzinga.com

June 19, 2023 | 8:27 am

ANIX

HC Wainwright & Co. analyst Yi Chen has reiterated a Buy rating on Anixa Biosciences (NASDAQ:ANIX) and maintained a $12 price target.

Portfolio Pulse from richadhand@benzinga.com

June 19, 2023 | 8:05 am

LEN

JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on Lennar Corp (NYSE:LEN) and raised the price target from $115 to $135. The company's 2Q23 normalized EPS of $2.94 beat the analyst consensus, and the revenue of $8.04 billion beat the consensus of $7.18 billion. The analyst believes that the resale inventory drought and millennial demographics will benefit builders for multiple years.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:39 pm

AMD

INTC

NVDA

Nvidia Corp (NVDA) shares are trading higher after Morgan Stanley raised its price target from $450 to $500 and moved Nvidia to Top Pick over Advanced Micro Devices (AMD). Oppenheimer analyst Rick Schafer reiterated an Outperform rating on the stock, citing optimism on the Data Center (DC) inflection point led by accelerated computing and generative AI.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:29 pm

DV

META

Needham analyst Laura Martin reiterated a Buy rating on DoubleVerify Holdings (NYSE:DV) and raised the price target to $45 from $35. Martin believes Meta Platforms (NASDAQ:META) and TikTok will drive DV's social media revenues, with META's contribution potentially doubling in the next 12-24 months. Instagram Reels and YouTube shorts are expected to add measurement revenues in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:27 pm

TYL

Needham analyst Joshua Reilly reiterated a Buy rating on Tyler Technologies (NYSE: TYL) with a price target of $475. He remains confident in the company's $1 billion free cash flow target by 2030, driven by gross margin improvement as the Cloud transition accelerates. The growth strategy is based on four pillars, and the company plans to shut down Texas and Maine data centers by 2023 and 2024, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:12 pm

ENS

Oppenheimer analyst Noah Kaye reiterated an Outperform rating on EnerSys (NYSE:ENS) and raised the price target from $110 to $119. The company aims to double EPS in four years through growth acceleration and improving mix/OpEx leverage. ENS announced an MoU with Verkor to develop a domestic Li-ion gigafactory.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:08 pm