Streetbeat News

Price Targets

NFLX

BMO Capital Markets analyst Brian J. Pitz reaffirmed an Outperform rating on Netflix, Inc. (NASDAQ:NFLX), raising the price target from $638 to $713, citing potential for member growth and operating margin expansion from 2024 onwards. Pitz highlights initiatives like paid sharing and T-Mobile ad tier shift, along with content innovation, as key drivers. He estimates Netflix will capture a significant share of linear TV dollars shifting online, with advertising expected to make up about 10% of total revenue by 4Q25. Netflix is anticipated to have over 41 million AVOD members by FY24, growing to over 54 million by FY25.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 5:11 pm

VC

Guggenheim analyst Ronald Jewsikow maintains a Buy rating on Visteon (NASDAQ:VC) but lowers the price target from $136 to $126.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:06 pm

LAD

Guggenheim analyst Ronald Jewsikow maintains a Buy rating on Lithia Motors (LAD) but lowers the price target from $320 to $297.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:05 pm

GNTX

Guggenheim analyst Ronald Jewsikow has maintained a Buy rating on Gentex (NASDAQ:GNTX) and increased the price target from $40 to $41.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:03 pm

AMPL

Amplitude (NASDAQ:AMPL) has been reviewed by 4 analysts in the past three months, showing a mix of neutral and somewhat bearish perspectives. The average 12-month price target is now $11.5, down from $13.00, indicating a negative sentiment shift. Analysts from Morgan Stanley and Citigroup have adjusted their price targets and ratings, reflecting concerns over Amplitude's market performance. Despite a solid revenue growth rate of 9.42% and a strong market presence, Amplitude's financial indicators such as net margin and ROA suggest areas of challenge.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

APTV

Guggenheim analyst Ronald Jewsikow maintains a Buy rating on Aptiv (APTV) but lowers the price target from $103 to $92.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:01 pm

TRIP

Analyst ratings for TripAdvisor (NASDAQ:TRIP) have shown a diverse range of opinions, with recent updates indicating a shift towards more positive outlooks. Over the last three months, 9 analysts have provided ratings, with the latest sentiment being predominantly neutral. The 12-month price targets suggest an average increase of 24.42% to $26.44, with recent analyst actions mostly raising their price targets. TripAdvisor's financial performance has been strong, with notable revenue growth and efficient cost management, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

ZS

In the latest quarter, 24 analysts provided mixed ratings for Zscaler (NASDAQ:ZS), with an updated average 12-month price target of $250.75, reflecting a 3.77% increase from the previous target. The ratings range from 'Buy' to 'Neutral', with adjustments made based on Zscaler's performance and market conditions. Zscaler, a cloud-native cybersecurity solutions provider, has shown a notable revenue growth rate of 35.45% as of January 31, 2024, but faces challenges in profitability and efficiency, as indicated by its net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

TTWO

In the last three months, 11 analysts have updated their ratings on Take-Two Interactive (NASDAQ:TTWO), showing a shift towards a more bullish outlook. The average 12-month price target has increased to $190.55 from $171.43, indicating a positive sentiment shift. Analysts from firms like Wedbush, Citigroup, and Goldman Sachs have adjusted their price targets, reflecting changes in market conditions and company performance. Despite a recent decline in revenue and challenges in profitability, Take-Two's strong franchise portfolio and market capitalization highlight its significant position in the video game industry.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

ENPH

11 analysts have provided varied opinions on Enphase Energy (NASDAQ:ENPH) over the past three months, with recent ratings showing a shift towards a more cautious stance. The average 12-month price target for ENPH has been raised to $125.36, indicating an 11.5% increase from the previous target. Despite this optimism, Enphase Energy faces financial challenges, including a significant revenue decline of -58.25% and issues with debt management. The company's market capitalization is below industry averages, and it struggles with ROE and ROA compared to peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:00 pm