Streetbeat News

Price Targets

CROX

Williams Trading analyst Sam Poser downgrades Crocs (NASDAQ:CROX) from Buy to Hold and lowers the price target from $135 to $125, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:07 pm

XNCR

Analysts have updated their ratings on Xencor (NASDAQ:XNCR), with 6 recent ratings ranging from bullish to indifferent. The average 12-month price target is now $35.33, down from $45.20, reflecting a 21.84% decline. Analyst actions include lowering price targets and maintaining ratings, indicating a cautious but not entirely bearish outlook on the company. Xencor, a clinical-stage biopharmaceutical company, has shown significant revenue growth and strong financial performance indicators such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:02 pm

MTB

In the last three months, 16 analysts have evaluated M&T Bank (NYSE:MTB), showing a shift towards more bullish and neutral stances compared to previous months. The average 12-month price target for MTB has been raised to $162.38, indicating a positive sentiment shift. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to M&T Bank's market conditions and performance. Despite a negative revenue trend and challenges in net margin, M&T Bank's ROE and ROA outperform industry averages, suggesting strong financial management.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:02 pm

SFM

Analysts have mixed views on Sprouts Farmers Market (NASDAQ:SFM), with recent ratings ranging from bullish to indifferent. The average 12-month price target for SFM has been raised to $60.5, indicating an 8.04% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $50.00 to $71.00. Sprouts Farmers Market showcases strong financial performance with a notable revenue growth rate, exceptional net margin, and above-average ROE and ROA, positioning it well in the specialty grocery market.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:02 pm

TSCO

A comprehensive review of 17 analyst recommendations for Tractor Supply (NASDAQ: TSCO) reveals a diverse range of opinions, with a shift towards more bullish sentiments in recent months. The average 12-month price target has risen to $255.94, indicating a 7.9% increase from the previous target. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several raising their expectations. Tractor Supply, a leading retail farm and ranch store operator in the US, has shown strong financial health despite a revenue decline of -8.65% in the last quarter of 2023.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:01 pm

SSNC

SS&C Techs Hldgs (NASDAQ:SSNC) has received mixed analyst ratings over the past quarter, with 4 bullish, 1 somewhat bullish, and 1 indifferent rating. The 12-month price targets show an average of $71.33, with a high of $78.00 and a low of $60.00, indicating a 6.46% increase from the previous average of $67.00. Analysts from firms like DA Davidson, Citigroup, UBS, RBC Capital, Truist Securities, and Needham have adjusted their ratings and price targets, reflecting a positive outlook on SSNC's market performance, revenue growth, and financial health despite some challenges in ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:01 pm

WEX

Barclays analyst Ramsey El-Assal has maintained an Overweight rating on WEX Inc. (NYSE:WEX) and increased the price target from $255 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:44 pm

GPN

Barclays analyst Ramsey El-Assal maintains an Overweight rating on Global Payments (NYSE:GPN) but lowers the price target from $170 to $160.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:42 pm

CPAY

Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Corpay (NYSE:CPAY) and increased the price target from $340 to $355.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:40 pm

AMZN

Roth MKM analyst Rohit Kulkarni has maintained a Buy rating on Amazon.com (NASDAQ:AMZN) with a maintained price target of $205.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:34 pm