Streetbeat News

Price Targets

MSFT

Analysts from Piper Sandler and Credit Suisse have raised their price targets for Microsoft (NASDAQ: MSFT) to $400 and $420, respectively, citing the company's potential in AI, which could be more significant than its cloud business. The analysts believe that AI tailwinds could accelerate top-line growth for the next three years.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 6:43 pm

HPE

Hewlett Packard Enterprise (HPE) stock is trading lower after reporting mixed earnings and issuing Q3 guidance below estimates. HPE reported earnings of $6.97 billion, below estimates of $7.31 billion, and EPS of 52 cents beating estimates of 48 cents. Analysts from Barclays, Credit Suisse, and Deutsche Bank have lowered their price targets.

Portfolio Pulse from Erica Kollmann

May 31, 2023 | 6:32 pm

AMAT

Unusual options activity has been observed in Applied Materials (NASDAQ: AMAT), with 72% of investors taking a bearish stance. Whales have targeted a price range of $80 to $150 for AMAT over the last 3 months. The stock is currently down 2.19% at $133.58, and RSI indicators suggest it may be overbought. Analysts maintain positive ratings with price targets ranging from $135 to $150.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 6:32 pm

BP

A whale has taken a bearish stance on BP (NYSE:BP) with 60% of detected trades being bearish. 7 puts amounting to $309,566 and 3 calls amounting to $121,398 were observed. Whales have been targeting a price range of $32.0 to $35.0 for BP over the last 3 months. Raymond James maintains an Outperform rating on BP with a price target of $47.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 6:31 pm

TOL

Credit Suisse analyst Dan Oppenheim reiterated an Outperform rating on Toll Brothers Inc (NYSE:TOL) with a price target of $73. The analyst increased the 2023 and 2024 EPS estimates based on stronger margins, other income, higher deliveries, and recovery in order trends.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 6:28 pm

MNDY

Piper Sander reiterated an Overweight rating on Monday.Com (MNDY) and maintained its $200 price target, causing the stock to trade higher.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 6:25 pm

T

A large bearish position on AT&T (NYSE:T) has been observed, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $13.0 to $20.0 for AT&T over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $19.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 6:16 pm

TEAM

Atlassian shares are trading higher after Wells Fargo raised its price target on the stock from $180 to $200.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 6:15 pm

AGL

In the last 3 months, 6 analysts have offered 12-month price targets for Agilon Health (NYSE: AGL), with an average price target of $31.0, a high of $35.00, and a low of $27.00. The average price target has increased by 11.51% over the past month.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 6:03 pm

STZ

In the last 3 months, 13 analysts have provided ratings for Constellation Brands (NYSE:STZ), with an average 12-month price target of $256.92, up 5.95% from the previous average of $242.50. The ratings include 3 bullish, 8 somewhat bullish, and 2 indifferent.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 6:01 pm