Streetbeat News

Price Targets

ADBE

BMO Capital analyst Keith Bachman has maintained an Outperform rating on Adobe (NASDAQ:ADBE) and kept the price target at $610. This reaffirms BMO Capital's positive outlook on Adobe's stock.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:02 pm

STRO

Sutro Biopharma (NASDAQ:STRO) received mixed analyst ratings with a shift towards a more cautious outlook over the past three months. The average 12-month price target was adjusted to $11.75, marking a 7.26% decrease from the previous target. Analysts from Oppenheimer, Wedbush, JMP Securities, and HC Wainwright & Co. provided updates, with some maintaining and others lowering their price targets. The company's financial performance shows a significant revenue decline and challenges in ROE and ROA, despite efficient cost management indicated by its net margin.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:01 pm

KRC

Kilroy Realty (NYSE:KRC) received mixed ratings from 4 analysts, with a shift towards a more indifferent stance in the last 30 days. The average 12-month price target is now $40.5, down from $45.50, indicating a 10.99% decrease. The company, a REIT owning 17 million square feet of office space, has seen a -5.39% revenue decline and boasts strong financial metrics like a 17.47% net margin and a 0.87% ROE. Despite challenges, its financial health remains robust with a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:01 pm

TRNO

Analyst evaluations of Terreno Realty (NYSE:TRNO) show diverse outlooks, with recent ratings ranging from bullish to indifferent. The average 12-month price target for TRNO has increased to $69.00, up 6.7% from $64.67. Analysts from Barclays, Piper Sandler, Scotiabank, and Goldman Sachs have updated their ratings and price targets, reflecting dynamic market conditions and company performance. Terreno Realty, a real estate investment trust, has shown positive revenue growth and exceptional financial metrics, including a high net margin and ROE, indicating strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:01 pm

ADBE

Adobe (NASDAQ:ADBE) received mixed analyst ratings in the latest quarter with 22 analysts providing insights. The average 12-month price target was adjusted to $621.14 from $660.10, indicating a 5.9% drop. Analysts' actions varied, with some maintaining their ratings and price targets, while others adjusted them up or down based on market conditions and Adobe's performance. Adobe's financial indicators show solid revenue growth but below industry standards in net margin, ROE, and ROA, suggesting challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:00 pm

COLD

Americold Realty Trust (NYSE:COLD) has seen a shift in analyst sentiment over the last three months, with a decrease in the average price target by 9.94% to $30.17. Analysts from firms including Barclays, Keybanc, Truist Securities, JP Morgan, Raymond James, and RBC Capital have adjusted their ratings and price targets, reflecting a cautious outlook on the company's performance. Despite being the world's second-largest owner and operator of temperature-controlled warehouses, Americold faces challenges in revenue growth, net margin, and return metrics, indicating potential hurdles ahead.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:00 pm

FR

Six analysts have recently updated their ratings on First Industrial Realty (NYSE:FR), showing a mix of bullish to bearish sentiments. The average 12-month price target for FR has been raised to $56.00, up 4.34% from the previous $53.67. Analyst actions include both upgrades and downgrades, with price targets ranging from $47.00 to $60.00. First Industrial Realty, a real estate investment trust, has shown strong financial performance with notable revenue growth, high net margin, and efficient asset and equity management.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:00 pm

NCNO

Baird analyst Joe Vruwink has maintained a Neutral rating on Ncino (NASDAQ:NCNO) and raised the price target from $34 to $36.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:00 pm

GME

Wedbush analyst Michael Pachter maintains an Underperform rating on GameStop (NYSE:GME) and lowers the price target from $6 to $5.6.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:58 am

ABBV

Barclays analyst Carter Gould maintains an Overweight rating on AbbVie (NYSE:ABBV) and raises the price target from $185 to $195.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:58 am