Streetbeat News

Price Targets

MELI

A large bearish position on MercadoLibre (NASDAQ:MELI) has been observed, with 76% of big-money traders being bearish. Whales have been targeting a price range of $940 to $1660 for MercadoLibre over the last 3 months. JP Morgan maintains an Overweight rating with a price target of $1700.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 7:01 pm

VALE

RBC Capital Markets analyst Tyler Broda upgraded Vale SA (NYSE: VALE) to Outperform from Sector Perform and increased the price target to $15 from $13. Broda believes higher iron ore prices and positive expectations on stimulus can boost share price, and foresees a potential IPO for Vale's base metals business.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 6:52 pm

CXM

Sprinklr reported better-than-expected Q1 financial results and issued Q2 adjusted EPS guidance above estimates, leading to multiple analysts raising their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:50 pm

ENPH

A large bullish position on Enphase Energy (NASDAQ:ENPH) has been observed, with 18 options trades spotted, 55% bullish and 44% bearish. Whales have been targeting a price range of $150 to $230 for Enphase Energy over the last 3 months. Barclays maintains an Equal-Weight rating with a price target of $226.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:46 pm

EXPE

Expedia shares are trading higher as travel stocks gain strength. Wedbush initiated coverage on Expedia with a Neutral rating and a $116 price target.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:35 pm

NVCR

Truist Securities analyst Gregory Fraser has reiterated a Buy rating on NovoCure (NASDAQ:NVCR) and maintained a $95 price target.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:20 pm

TSLA

Tesla shares are trading higher by 0.90% after announcing a 2.4% MoM growth in May China sales and a 141.6% YoY increase compared to May 2022. Citigroup reaffirmed a Neutral rating for the stock and increased its price target from $175 to $215.

Portfolio Pulse from Henry Khederian

June 06, 2023 | 6:11 pm

DBI

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Designer Brands Inc (NYSE:DBI) and lowered the price target from $12 to $8. The analyst reduced 1Q23 estimates due to anticipated consumer demand weakness and expects sales to decline 8.6% Y/Y to $759 million. FY23 EPS estimate is lowered to $1.65 from $1.70, and sales to decline 4.1% Y/Y to $3.1 billion.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 6:05 pm

RE

Over the past 3 months, 4 analysts have published their opinion on Everest Re Group (NYSE:RE) stock, with an average 12-month price target of $449.25. The current average has increased by 2.1% from the previous average price target of $440.00.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:02 pm

DT

Over the past 3 months, 20 analysts have published their opinion on Dynatrace (NYSE:DT) stock, with an average 12-month price target of $52.95, up 7.27% from the previous average of $49.36. The majority of analysts are bullish on the stock.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:01 pm