Streetbeat News

Price Targets

VNOM

Truist Securities analyst Neal Dingmann maintains a Buy rating on Viper Energy (VNOM) and raises the price target from $47 to $52.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:37 pm

RRC

Truist Securities analyst Bertrand Hodee maintains a Hold rating on Range Resources (NYSE:RRC) and lowers the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:36 pm

MRVL

NVDA

BofA Securities analyst Vivek Arya reaffirmed a Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a price target of $95, highlighting its potential in the AI chip market. Arya anticipates Marvell to showcase its diverse assets at an upcoming event, projecting a significant market opportunity in custom AI accelerators/server ASICs and high-speed Ethernet switches. The analyst expects Marvell to capture over 10% of the custom AI chip market, translating to $2 billion-$3 billion annually by 2026/2027. Additionally, Arya forecasts NVIDIA Corporation (NASDAQ:NVDA) to maintain a 75% share in the total accelerator market, which is expected to reach $180 billion-$200 billion by 2027. MRVL shares rose 2% to $72.29.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 5:36 pm

GPOR

Truist Securities analyst Neal Dingmann maintains a Buy rating on Gulfport Energy (NYSE:GPOR) but lowers the price target from $203 to $201.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:36 pm

EQT

Truist Securities analyst Neal Dingmann has maintained a Hold rating on EQT Corporation (EQT) and reduced the price target from $37 to $35.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:35 pm

CNX

Truist Securities analyst Bertrand Hodee has maintained a Buy rating on CNX Resources (NYSE:CNX) and increased the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:34 pm

CHK

Truist Securities analyst Neal Dingmann maintains a Buy rating on Chesapeake Energy (CHK) but lowers the price target from $119 to $112.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:33 pm

AMZN

Mizuho analyst James Lee has reiterated a Buy rating on Amazon.com, Inc (NASDAQ:AMZN) with a price target of $230, citing rapid AWS expansion and increased cloud spending. Key findings from a quarterly survey with an AWS channel partner indicate an accelerated sales cycle, a significant shift towards infrastructure expenditure, and an expectation for a 20% year-over-year increase in AWS spending. These developments suggest a strong outlook for Amazon, leading Lee to reiterate Amazon as his top pick.

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 5:32 pm

AR

Truist Securities analyst Bertrand Hodee has maintained a Hold rating on Antero Resources (NYSE:AR) but lowered the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:32 pm

CTRA

Truist Securities analyst Neal Dingmann maintains a Hold rating on Coterra Energy (CTRA) and lowers the price target from $30 to $27.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:31 pm