Streetbeat News

Price Targets

PGR

UBS analyst Brian Meredith maintains a Neutral rating on Progressive (NYSE:PGR) and raises the price target from $216 to $218.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:05 pm

SPOT

Deutsche Bank analyst Benjamin Black maintains a Buy rating on Spotify Technology (NYSE:SPOT) and raises the price target from $260 to $340.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:03 pm

NET

Cantor Fitzgerald analyst Yi Fu Lee has reiterated a Neutral rating on Cloudflare (NYSE:NET) and maintained a $100 price target.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:02 pm

DHR

Danaher (NYSE:DHR) has seen a positive shift in analyst ratings over the last three months, with recent evaluations raising the average 12-month price target to $271.71, an 8.76% increase from the previous target. Analysts from firms like HSBC, Barclays, and Citigroup have upgraded their price targets, reflecting optimism about Danaher's future performance. Despite facing a revenue decline of -23.95% as of December 31, 2023, Danaher maintains a strong net margin of 40.07% and an impressive ROA of 1.25%, indicating effective cost control and asset utilization. However, its ROE of 2.04% suggests challenges in utilizing equity capital efficiently.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:01 pm

COIN

Recent analysis of Coinbase Global (NASDAQ:COIN) by 27 analysts shows a mix of bullish to bearish sentiments, with an updated average 12-month price target of $205.33, marking a 37.56% increase from the previous target. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with notable raises from firms like Compass Point, Mizuho, and JMP Securities. Coinbase's financial performance indicates strong revenue growth and profitability, but challenges in asset utilization and comparison with industry peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:01 pm

DDOG

Datadog (NASDAQ:DDOG) has been evaluated by 17 financial analysts over the last three months, showing a diverse range of opinions. Recent assessments indicate a shift towards a more bullish sentiment, with an average 12-month price target of $148.47, up 16.99% from the previous target of $126.91. Analysts have maintained or raised their ratings, reflecting positive market conditions and company performance. Datadog's financials show solid revenue growth but below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

TAP

Deutsche Bank analyst Steve Powers maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $64 to $65.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:00 pm

FLS

Flowserve (NYSE:FLS) has seen varied analyst ratings over the last quarter, with a shift towards bullish sentiment in the last 30 days. Analysts have raised their 12-month price targets, reflecting an average increase of 7.14% to $51.0. Flowserve, a flow control systems manufacturer, has shown solid revenue growth of 12.15% as of December 31, 2023, but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

LOVE

Analysts' ratings for Lovesac (NASDAQ:LOVE) have shown a shift from bullish to bearish over the last quarter, with a recent average price target of $34.00, down from $39.00. The company's financial performance includes a revenue growth rate of 5.04%, a net margin of 12.36%, an ROE of 15.36%, an ROA of 6.74%, and a debt-to-equity ratio of 0.81, indicating strong profitability and effective asset and debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

FTNT

Cantor Fitzgerald analyst Yi Fu Lee has reiterated a Neutral rating on Fortinet (NASDAQ:FTNT) and maintained a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:59 pm