Streetbeat News

Price Targets

BABA

Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding Ltd (NYSE:BABA) but lowers the price target from $175 to $160. Alibaba faces pressure from macro and pandemic impacts, but cost discipline continues to pay off. The company's restructuring is seen as a potential long-term value driver.

Portfolio Pulse from Anusuya Lahiri

May 23, 2023 | 6:33 pm

MDT

A whale investor has taken a bearish stance on Medtronic (NYSE:MDT), with 72% of detected trades having bearish expectations. Whales have been targeting a price range of $83.0 to $97.5 for Medtronic over the last 3 months. Wells Fargo and Barclays have upgraded their ratings to Overweight with price targets of $100 and $104, respectively, while Truist Securities maintains a Hold rating with a $93 price target.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 6:31 pm

VQS

Zacks Small-Cap Research has set a $3 price valuation for VIQ Solutions, a technology company specializing in AI-driven transcription services.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 6:06 pm

IDBA

Zacks Small-Cap Research has set a $36 price valuation for IDEX Biometrics, valuing the company based on 2026 estimated revenues discounted to today using the average EV/Sales of other fabless semiconductor companies that trade at 6.5 times 2023 estimated sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 6:05 pm

AVGO

12 analysts have provided ratings for Broadcom (NASDAQ:AVGO) in the last quarter, with 7 bullish, 4 somewhat bullish, and 1 indifferent. The average 12-month price target is $716.67, with a high of $800 and a low of $600. The average price target has increased by 9.85% over the past month.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 6:03 pm

AAPL

AVGO

Broadcom Inc. (AVGO) shares are up on news that its subsidiaries have commenced two multi-year statements of work (SOW) with Apple Inc (AAPL) to supply high-performance RF and wireless components and modules for Apple products. BofA Securities analyst Vivek Arya maintained a Buy rating for Broadcom and raised the price target from $725 to $800.

Portfolio Pulse from Ryan Gustafson

May 23, 2023 | 5:52 pm

IMVT

HC Wainwright & Co. has maintained its Buy rating for Immunovant (NASDAQ:IMVT) and raised its price target from $26.00 to $27.00. Shares of Immunovant are currently trading down 3.77% at $22.86 per share.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 5:04 pm

RBT

Canaccord Genuity has maintained its Buy rating for Rubicon Technologies (NYSE:RBT) but lowered its price target from $4.00 to $3.00. Rubicon Technologies' shares are currently trading down 13.04% at $0.60 per share.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 5:03 pm

ZM

Evercore ISI Group maintains its In-Line rating for Zoom Video Comms (NASDAQ:ZM) and lowers its price target from $85.00 to $75.00. Zoom's shares are trading down 7.71% at $65.90 per share.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 5:02 pm

GHL

Keefe, Bruyette & Woods upgraded its rating of Greenhill & Co (NYSE:GHL) to Market Perform with a price target of $15.00, up from $6.50. Greenhill & Co shares are trading at $14.69, up 0.17% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 5:01 pm