Streetbeat News

Price Targets

EQIX

BMO Capital Markets analyst Ari Klein raised the price target of Equinix Inc (NASDAQ:EQIX) to $870 from $800, maintaining an Outperform rating. Klein expects EQIX to raise its long-term revenue growth guidance and AFFO per share growth guidance at its upcoming investor day on June 21.

Portfolio Pulse from Lekha Gupta

June 16, 2023 | 5:55 pm

CLFD

Needham analyst Ryan Koontz reiterated a Buy rating on Clearfield, Inc. (NASDAQ:CLFD) and raised the price target to $60 from $50. The company is benefiting from a surge in rural broadband infrastructure investment and exploring growth opportunities in Europe. However, inventory overhang and labor shortages are headwinds for the company.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 5:38 pm

ESTE

NOG

Earthstone Energy (ESTE) acquires Novo Oil & Gas Holdings for $1.5 billion, while Northern Oil & Gas (NOG) acquires a 33.33% stake in Novo assets for $500 million. Analyst Mike Scialla of Stephens & Co. reiterates an Overweight rating on ESTE and raises the price target to $21 from $18.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 5:32 pm

MRVL

In the last quarter, Marvell Tech (NASDAQ:MRVL) received 9 bullish, 10 somewhat bullish, and 3 indifferent ratings from analysts. The average 12-month price target for the company is $65.55, with a high of $100 and a low of $51. The average price target has increased by 23.28% over the past month.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:02 pm

ODFL

Susquehanna maintains a Neutral rating for Old Dominion Freight Line (NASDAQ:ODFL) and raises its price target from $310.00 to $320.00. ODFL's shares are trading up 0.03% at $328.47, which is above the new price target.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:01 pm

LEN

BTIG maintains its Buy rating for Lennar (NYSE:LEN) and raises its price target from $120.00 to $148.00, a 22.6% increase from the current share price. Lennar's shares are trading up 0.76% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:01 pm

CZR

Morgan Stanley maintains its Equal-Weight rating for Caesars Entertainment (NASDAQ:CZR) and lowers its price target from $57.00 to $54.00. Shares of Caesars Entertainment are trading down 1.25% at $49.59 per share.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:01 pm

AMTB

Raymond James maintains its Outperform rating for Amerant Bancorp (NASDAQ:AMTB) but lowers its price target from $26.00 to $24.00. Shares of Amerant Bancorp are trading down 1.29% at $19.57 per share.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:00 pm

EQIX

BMO Capital has maintained its Outperform rating for Equinix (NASDAQ:EQIX) and raised its price target from $800.00 to $870.00. Equinix operates 248 data centers in 71 markets worldwide, with 46% of its revenue coming from the Americas.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:00 pm

PTEN

RBC Capital has maintained its Sector Perform rating for Patterson-UTI Energy (NASDAQ:PTEN) and raised its price target from $18.00 to $19.00. PTEN shares are currently trading down 4.05% at $11.97.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:00 pm