Streetbeat News

Price Targets

ON

Needham analyst Quinn Bolton has reiterated a Buy rating on ON Semiconductor (NASDAQ:ON), maintaining a $92 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:17 am

MCD

Wedbush analyst Nick Setyan reiterates an Outperform rating on McDonald's (MCD) and maintains a $330 price target.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:15 am

COST

Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $700 to $750.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:14 am

EL

Telsey Advisory Group analyst Dana Telsey maintains a Market Perform rating on Estee Lauder Cos (NYSE:EL) and raises the price target from $115 to $155.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:12 am

UBER

Keybanc analyst Justin Patterson has maintained an Overweight rating on Uber Technologies (NYSE:UBER) and increased the price target from $70 to $79.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:11 am

SYM

Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (SYM) but lowers the price target from $63 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:09 am

MNDY

Keybanc analyst Jason Celino has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $220 to $238.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 am

ON

Keybanc analyst John Vinh has maintained an Overweight rating on ON Semiconductor (NASDAQ:ON) and increased the price target from $95 to $100.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:02 am

BTC-USD

DOGE-USD

ETH-USD

LINK-USD

The global cryptocurrency market cap slightly increased by 0.6% to $1.64 trillion, with major coins like Bitcoin, Ethereum, and Dogecoin trading in the green. Despite high borrowing costs and the Federal Reserve's decision to maintain interest rates, cryptocurrencies showed resilience. Ethereum Name Service, Sui, and Optimism were top gainers. Analyst Michaël van de Poppe predicts a massive bull run for Bitcoin and cryptocurrencies in the next two years and highlights the positive impact of the upcoming Dencun upgrade on Ethereum. Chartist Ali Martinez points out Chainlink's potential for a 38% price increase if it overcomes resistance. Market analytics platform Santiment notes a bearish sentiment in the market, suggesting a possible bounce back.

Portfolio Pulse from Shivdeep Dhaliwal

February 06, 2024 | 5:07 am

TSLA

Piper Sandler analyst Alexander Potter reduced the price target for Tesla, Inc. (NASDAQ:TSLA), emphasizing the importance of Tesla's non-automotive businesses, particularly Tesla Energy, for future valuation. Potter stated that Tesla's automotive segment alone could be valued at $135 per share, assuming sales of over 15 million vehicles and a mid-teens EBIT margin. However, he believes Tesla's energy business, especially battery sales, will significantly contribute to revenue and profit growth, expecting it to double its revenue contribution to 12% by 2025 and potentially generate 10 times the revenue of Cybertrucks by the 2030s.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 4:56 am