Streetbeat News

Price Targets

APP

Daiwa Capital analyst Jonathan Kees initiates coverage on AppLovin (NASDAQ:APP) with a Neutral rating and a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:18 am

CRM

Piper Sandler analyst Brent Bracelin has maintained a Neutral rating on Salesforce (CRM) and kept the price target at $300. This indicates a continued expectation of stable performance from the company without significant upside or downside in the near term.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:09 am

TRMB

Piper Sandler analyst Clarke Jeffries has reiterated an Overweight rating on Trimble (NASDAQ:TRMB) and maintained a $73 price target.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:06 am

F

GOEV

KARS

NKLA

TSLA

VWAGY

Electric vehicle stocks had a mixed week, with Tesla, Inc. (TSLA) ending higher despite volatility. Tesla slashed its FSD subscription price by 50% to $99/month to boost adoption. Elon Musk confirmed a visit to India to discuss Tesla's plans, potentially impacting the company's strategy in the region. Nikola Corporation (NKLA) faced a setback with shares dropping due to a boardroom battle and a proxy filing by founder Trevor Milton. Ford Motor Co. (F) reduced prices for its F-150 Lightning EV, and Volkswagen AG (VWAGY) reported diverging EV sales in Europe and China. Canoo, Inc. (GOEV) announced a pilot program with Red Sea Global in Saudi Arabia. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 1:39 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has reduced the monthly subscription fee for its Full Self-Driving (FSD) package in the U.S. from $199 to $99, a move that contrasts with CEO Elon Musk's previous statements that the FSD price would increase as it approached full self-driving capability. This price cut follows Tesla's announcement that its cars have driven one billion miles using FSD software, amidst controversies and accusations of deceptive marketing practices by the California DMV.

Portfolio Pulse from Ananya Gairola

April 13, 2024 | 5:46 am

NFLX

Piper Sandler analyst Matt Farrell maintains a Neutral rating on Netflix Inc (NASDAQ:NFLX) but raises the price target from $550 to $600 ahead of Q1 earnings report on April 18. Elevated expectations follow a strong Q4, with focus on subscriber growth, advertising business scale, and margin expansion. Netflix's leadership in streaming is acknowledged, yet Farrell suggests a pullback might offer a better entry point.

Portfolio Pulse from Chris Katje

April 12, 2024 | 8:20 pm

TSLA

Tesla has reduced the monthly subscription cost of its Full Self-Driving (FSD) package to $99 from the previous $199. This move could potentially increase the adoption rate of FSD among Tesla owners, impacting Tesla's revenue from subscriptions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:15 pm

PFGC

Performance Food Gr (NYSE:PFGC) has been analyzed by 4 analysts over the past three months, showing a shift from somewhat bullish to indifferent. The average 12-month price target is now $82.75, up from $77.25, indicating a 7.12% increase. Analysts from Morgan Stanley, Barclays, BMO Capital, and Stephens & Co. have raised their price targets, reflecting optimism about the company's market position and financial performance. Despite this, PFGC faces challenges in net margin, ROE, and ROA, which are below industry averages.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:01 pm

OVV

Jefferies analyst Lloyd Byrne has maintained a Buy rating on Ovintiv (NYSE:OVV) and increased the price target from $59 to $69.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:16 pm

EPC

Recent analyst evaluations of Edgewell Personal Care (NYSE:EPC) show a mix of ratings, with an updated average 12-month price target of $38.5, reflecting a 4.05% increase from the previous target. The company's financial health indicators, such as revenue growth and net margin, demonstrate solid performance, although it faces challenges in ROA and debt management. Analyst actions, including rating adjustments and price target changes by Barclays and Wells Fargo, indicate varying perspectives on the company's market standing.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:01 pm