Streetbeat News

Price Targets

RRC

Analyst ratings for Range Resources (NYSE:RRC) show varied opinions, with recent updates indicating a mix of maintained, raised, and lowered stances. The average 12-month price target is $35.41, reflecting a slight increase from the previous target. Range Resources, focusing on Marcellus Shale, faces revenue challenges with a -44.99% decline but maintains strong profitability with a net margin of 47.04%. The company's market capitalization is below industry average, indicating smaller size relative to peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:01 pm

FCX

Freeport-McMoRan (NYSE:FCX) received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. Analysts from JP Morgan, Scotiabank, B of A Securities, and RBC Capital provided updates, raising price targets and maintaining various ratings. The average 12-month price target for FCX is now $55.25, marking a significant increase from the previous $45.50. The company's financial performance shows positive revenue growth and a strong market position, despite challenges in debt management and asset utilization.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:00 pm

AVGO

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $1,650, highlighting its leadership in generative AI computing and potential in the XPU market. Despite a $50 billion opportunity in computing and networking, adoption hesitancy remains. Broadcom's streamlined product offerings and market strategies are expected to enhance customer relations and business stickiness. Kumar notes Broadcom's technological lead in Switch Products and its strategic focus on scaling out. Barclays analyst Tom O'Malley also maintained an Overweight rating, raising the price target to $1,500. AVGO shares dropped 2.63% to $1,294.09.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 6:55 pm

RRC

Morgan Stanley analyst Devin McDermott has maintained an Underweight rating on Range Resources (NYSE:RRC) while raising the price target from $23 to $33.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:44 pm

FCOM

META

XLC

Truist Securities analyst Youssef Squali maintained a Buy rating on Meta Platforms Inc (NASDAQ:META) and raised the price target from $525 to $550, citing improved ad targeting from AI investments. Squali increased revenue and EPS estimates for META, expecting strong performance in ad monetization and competitive advantages. Meta's stock has gained over 126% in the last 12 months, with exposure also possible through XLC and FCOM ETFs. Despite a slight decline in META shares by 0.78% to $495.88, the outlook remains positive with expected revenue and operating margin improvements.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 6:37 pm

CTRA

Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Coterra Energy (CTRA) and increased the price target from $26 to $29.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:33 pm

URBN

Urban Outfitters (NASDAQ:URBN) received mixed ratings from 7 analysts, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target was raised to $41.00, indicating a 7.41% increase from the previous target. Analyst actions varied, with some raising and others lowering their price targets, reflecting diverse perspectives on the company's performance and market conditions. Urban Outfitters, known for its apparel and home goods retail, showed a solid revenue growth rate of 7.34% as of January 31, 2024, but struggles with below-industry benchmarks in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

SAFE

Seven analysts have recently updated their ratings on Safehold (NYSE:SAFE), with a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target for SAFE has been adjusted to $26.71, slightly up from $26.67. Analysts from firms including JP Morgan, Truist Securities, Mizuho, RBC Capital, and JMP Securities have revised their price targets and ratings, reflecting a cautious but slightly positive outlook on the company's performance. Safehold, a REIT focusing on ground leases, has shown a solid revenue growth rate of 40.42% and a high net margin of 39.97%, although its ROE and ROA are below industry averages.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

FBK

FB Financial (NYSE:FBK) has been analyzed by three analysts, showing a shift towards a more cautious stance in the last 30 days with one indifferent and one somewhat bearish rating, compared to a somewhat bullish rating a month ago. The average 12-month price target is now $40.67, down from $41.00, with analysts from Keefe, Bruyette & Woods, JP Morgan, and Piper Sandler providing recent evaluations. FB Financial's financial performance indicates challenges in revenue growth with a -9.02% decline, but strong profitability metrics like a net margin of 25.23% and high ROE and ROA figures.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm