Streetbeat News

Price Targets

SPSC

Needham analyst Scott Berg reiterated a Buy rating on SPS Commerce, Inc. (NASDAQ:SPSC) and raised the price target to $205 from $160. Berg is optimistic about the company's ability to meet or exceed its 15%+ annual revenue growth targets, even amid a slower macroeconomic environment. The analyst also believes that SPS could be more acquisitive for products, providing cross-sell opportunities and boosting functionality in a customer's value chain.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 5:35 pm

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SFIX

Stitch Fix recently appointed former Macy's executive Matt Baer as its CEO, effective June 26, 2023. Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix with a price target of $5, noting Baer's significant digital and merchandising experience.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 5:18 pm

VSTM

Mizuho upgraded Verastem stock to Buy from Neutral and raised the price target from $24 to $36, causing the shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 5:03 pm

TCOM

In the last 3 months, 4 analysts have offered 12-month price targets for Trip.com Group (NASDAQ:TCOM), with an average price target of $49.0, up 8.89% from the previous average of $45.00. The company has received 3 bullish and 1 somewhat bullish ratings.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:03 pm

SHEL

Wells Fargo has maintained its Overweight rating for Shell (NYSE:SHEL) and raised its price target from $74.00 to $77.00. Shell's shares are trading up 1.98% at $60.53, with a potential 27.2% increase if the price target is reached.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:02 pm

BEP

Credit Suisse has maintained its Outperform rating for Brookfield Renewable (NYSE:BEP) and raised its price target from $40.00 to $41.50. Shares of Brookfield Renewable are currently trading down 0.5% at $29.63 per share.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:01 pm

FDS

In the last 3 months, 7 analysts have provided 12-month price targets for FactSet Research Systems (NYSE:FDS), with an average target of $441.43, up 1.87% from the previous average of $433.33. The ratings include 1 bullish, 1 somewhat bullish, and 5 indifferent.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:01 pm

FITB

Citigroup has maintained its Neutral rating for Fifth Third Bancorp (NASDAQ:FITB) and lowered its price target from $30.00 to $28.00. FITB shares are currently trading at $26.57, up 2.39% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:01 pm

CSTL

BTIG maintains its Buy rating for Castle Biosciences (NASDAQ:CSTL) but lowers its price target from $38.00 to $30.00. Shares of CSTL are trading down 1.98% at $13.40 per share.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:01 pm

PGR

In the last 3 months, 18 analysts have offered 12-month price targets for Progressive (NYSE:PGR), with an average price target of $144.5, a high of $197.00, and a low of $118.00. The average price target has increased by 0.68% over the past month.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 5:00 pm