Streetbeat News

Price Targets

CFLT

Needham & Company analyst Mike Cikos initiated coverage on Confluent Inc (NASDAQ:CFLT) with a Buy rating and a price target of $35. The analyst is bullish on the solid prospect of open-source Kafka and Confluent's development of a fully-managed Flink offering, potentially driving growth. Cikos expects revenues of $763.7 million in 2023 and $968.7 million in 2024.

Portfolio Pulse from Lekha Gupta

May 30, 2023 | 6:25 pm

GOOG

GOOGL

Credit Suisse analyst Stephen Ju maintains an Outperform rating on Alphabet Inc (Google) with a price target of $135.00. Ju believes that Google's generative AI will improve audience engagement and monetization, increase the value of ad inventory, and help deliver advertising democratization and TAM expansion.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 6:23 pm

CRWD

RBC Capital Markets analyst Matthew Hedberg reiterated an Outperform rating on CrowdStrike Holdings, raising the price target to $180 from $170. The company is expected to report its Q1 2024 results on May 31, 2023, with an anticipated EPS of $0.51 and revenues of $676 million. CrowdStrike is in a strong position for cyber-security consolidation, with its TAM expected to expand to $43.6 billion by year-end.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2023 | 6:21 pm

EW

Over the past 3 months, 16 analysts have published their opinion on Edwards Lifesciences (NYSE:EW) stock, with an average 12-month price target of $94.0. The average price target has increased by 4.98% over the past month.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 6:02 pm

CBRL

Truist Securities analyst Jake Bartlett has reiterated a Hold rating on Cracker Barrel (NASDAQ:CBRL) and lowered the price target from $105 to $103. Bartlett expects store closures and weaker sales trends in May to affect sales, leading to a slight EPS beat. He also lowered FY23 and FY24 adjusted EPS estimates.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 6:01 pm

F

A whale investor has taken a bullish stance on Ford Motor (NYSE:F), with 53% of detected trades having bullish expectations and 46% bearish. Whales have been targeting a price range of $7.35 to $13.0 for Ford over the last 3 months. Analysts have mixed ratings on the stock, with price targets ranging from $12 to $20.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 5:16 pm

PDD

Benchmark analyst Fawne Jiang reiterated a Buy rating on PDD Holdings Inc. (NASDAQ:PDD), raising the price target to $125. PDD reported Q1 FY23 revenue growth of 58% YoY to $5.48 billion, beating consensus estimates. The analyst attributed the outperformance to resilient demand for value products and the company's adaptive strategies.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2023 | 5:16 pm

CRWD

In the last 3 months, 24 analysts have provided 12-month price targets for CrowdStrike Holdings (NASDAQ:CRWD), with an average target of $168.88. The average price target has increased by 12.09% over the past month.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 5:06 pm

ADBE

A large bearish position on Adobe (NASDAQ:ADBE) has been spotted, with 67% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $250 to $610 for Adobe over the last 3 months. RBC Capital downgraded its action to Outperform with a price target of $415.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 5:03 pm

VTR

Mizuho has maintained its Buy rating for Ventas (NYSE:VTR) but lowered its price target from $60.00 to $53.00. Ventas owns a diversified healthcare portfolio of over 1,200 properties across senior housing, medical office, hospital, life science, and skilled nursing/post-acute care.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 5:03 pm