Streetbeat News

Price Targets

CF

Berenberg analyst Sebastian Bray maintains a Hold rating on CF Industries Holdings (NYSE:CF) and raises the price target from $68 to $69.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:31 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk announced the removal of inventory discounts on Tesla cars in the U.S. to simplify the company's sales system, which he described as 'complex and inefficient'. This change excludes demo or used vehicles. The decision follows recent cost-cutting measures, including laying off 14,000 employees (10% of its global workforce) and the departure of senior executives Drew Baglino and Rohan Patel. Despite these changes, Tesla has avoided price cuts in the U.S. since early 2024, except for a temporary reduction on select Model Y versions in February. Recently, Tesla raised prices on all Model Y versions by up to $1,000.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 7:53 am

CAT

Caterpillar (NYSE:CAT) received mixed ratings from 9 analysts, with an updated average 12-month price target of $359.44, reflecting an 18.0% increase from the previous target. Analysts from firms like JP Morgan and Goldman Sachs have raised their price targets, indicating a positive outlook on the company's performance. Caterpillar's financials show strong profitability and market position, despite challenges in debt management and revenue growth compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 8:02 pm

SCHW

Schwab shares have experienced an increase in their trading value following a series of price target upgrades by multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:58 pm

WING

Wingstop's stock price is trading higher after Jefferies maintained a Hold rating but increased its price target from $310 to $335.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:31 pm

SAVE

Analyst ratings for Spirit Airlines (NYSE:SAVE) have shown a mix of bearish and indifferent stances over the last quarter, with recent actions including downgrades and a single upgrade. The average 12-month price target for SAVE has significantly decreased to $3.92 from $8.99, indicating a negative outlook. Spirit Airlines faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, suggesting potential difficulties in profitability and financial leverage.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:03 pm

STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for STLD has been raised to $129.25, reflecting a 12.39% increase from the previous target. Analysts from JP Morgan, BMO Capital, Citigroup, and UBS have adjusted their ratings and price targets, indicating varied expectations for the company's performance. Despite facing revenue challenges with a -12.28% decline over the past three months, Steel Dynamics maintains strong profitability metrics, including a net margin of 10.02% and an ROE of 4.78%.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:03 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher, influenced by optimism that the DEA may reschedule marijuana to a Schedule III substance, following comments from FDA Commissioner Robert Califf. Additionally, Tilray's stock has been popular on WallStreetBets, and CIBC analyst John Zamparo maintained a Neutral rating, lowering the price target from $2.25 to $2.00. A long-term forecast suggests a challenging outlook, with a potential decline to $0.07 if the current trend continues.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 7:00 pm

GOGO

Morgan Stanley analyst Simon Flannery has maintained an Equal-Weight rating on Gogo (NASDAQ:GOGO) but lowered the price target from $15 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:54 pm

IDGT

MRVL

SPRX

Evercore ISI Group analyst Mark Lipacis initiated coverage on Marvell Technology Inc (NASDAQ:MRVL) with an Outperform rating and a price target of $88, highlighting the company and others like Nvidia, AMD, Broadcom, and more as top picks for benefiting from the AI boom. Lipacis predicts a significant upswing in the semiconductor industry, driven by AI and parallel processing, with a positive outlook into 2025 despite a mid-cycle correction anticipated in 2024. Marvell's stock has seen over a 68% gain in the last 12 months, with investment opportunities also available through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Spear Alpha ETF (NASDAQ:SPRX).

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 6:38 pm