Streetbeat News

Price Targets

VRNS

Wedbush analyst Daniel Ives upgraded Varonis Systems (NASDAQ:VRNS) from Neutral to Outperform and increased the price target from $35 to $65.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:13 pm

BGNE

JP Morgan analyst Jessica Fye has initiated coverage on BeiGene (NASDAQ:BGNE) with an Overweight rating and set a price target of $185.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:58 pm

HNST

Alliance Global Partners has initiated coverage on Honest Co (HNST) with a Buy rating and set a price target of $5.75.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:54 pm

SGMO

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a Buy rating on Sangamo Therapeutics (NASDAQ:SGMO) and maintained a $3 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:49 pm

PLUG

Redburn Atlantic analyst Skye Landon initiates coverage on Plug Power (NASDAQ:PLUG) with a Neutral rating and a price target of $4.5.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:44 pm

BMEA

Truist Securities analyst Robyn Karnauskas initiates coverage on Biomea Fusion (NASDAQ:BMEA) with a Buy rating and a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:39 pm

VRTX

Evercore ISI Group analyst Liisa Bayko downgraded Vertex Pharmaceuticals (VRTX) from Outperform to In-Line but raised the price target from $436 to $438.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:35 pm

COHR

EVBG

NVDA

SMCI

TSM

As of Feb. 6, 2024, five tech stocks are considered overbought based on their RSI values, indicating potential short-term performance concerns. Everbridge, Inc. (EVBG) announced an acquisition by Thoma Bravo, Super Micro Computer, Inc. (SMCI) reported strong Q2 results, Coherent Corp. (COHR) posted better-than-expected quarterly results, NVIDIA Corporation (NVDA) received a price target increase from Goldman Sachs, and Taiwan Semiconductor Manufacturing Company Limited (TSM) reported Q4 revenue that beat consensus.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 1:26 pm

CNA

B of A Securities analyst Joshua Shanker downgraded CNA Financial (NYSE:CNA) from Neutral to Underperform, while raising the price target from $39 to $43.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:15 pm

CVX

DZ Bank analyst Werner Eisenmann downgraded Chevron (NYSE:CVX) from Buy to Hold and set a price target of $160. This adjustment reflects a change in the bank's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:14 pm