Streetbeat News

Price Targets

BTCO

Invesco and Galaxy Asset Management have reduced the fee of their Invesco Galaxy Bitcoin ETF (BTCO) from 0.39% to 0.25% to attract more investors and compete with other issuers. Invesco also offers a fee waiver for the first six months or until the ETF reaches $5 billion in assets. Despite this, BTCO has seen modest inflows compared to similar ETFs from BlackRock and Fidelity. Franklin Templeton's Bitcoin ETF currently has the lowest fee at 0.19% with a fee waiver until August 2 or until it reaches $10 billion in assets.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 3:45 am

BTCUSD

A Deutsche Bank survey found that 39% of retail investors expect Bitcoin's price to drop below $20,000 by the end of 2024, despite its recent rise to $43,000. Technical analysts, on the other hand, are bullish, with predictions of a run to $48,000-$50,000. Retail sentiment is bearish, with 42% expecting Bitcoin to disappear, and two-thirds having little understanding of digital assets. Technical analysts like Pentoshi and Michaël van de Poppe maintain a bullish outlook, citing crypto's past performance and social impact. Google's new policy on Bitcoin ETF ads could increase retail exposure to cryptocurrencies.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 11:31 pm

IVZ

Invesco has announced a reduction in the sponsor fee for the Invesco Galaxy Bitcoin ETF by 14 basis points, decreasing the total expense ratio from 0.39% to 0.25%.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:41 pm

AXP

Analysts have diverse opinions on American Express Co (AXP) following its 2024 guidance, with price targets ranging from $159 to $226. UBS and BMO Capital raised their price targets but maintained Neutral and Underperform ratings, respectively. Oppenheimer, Baird, Citi, Barclays, and RBC Capital provided various outlooks, with some raising price targets and others maintaining ratings. Concerns include credit quality, valuation gap, and spending growth, while positives include revenue growth from loans and card fees, and potential for mid-teens EPS growth. AXP shares closed slightly lower at $200.86.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 9:29 pm

YUM

Citigroup analyst Jon Tower has reaffirmed a Buy rating on Yum Brands (NYSE:YUM) and increased the price target from $155 to $164.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:15 pm

WAL

Citigroup analyst Ben Gerlinger maintains a Buy rating on Western Alliance (NYSE:WAL) and increases the price target from $76 to $82, indicating a positive outlook on the bank's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:10 pm

LRN

Citigroup analyst Thomas Singlehurst has reaffirmed a Buy rating on Stride Inc. (NYSE:LRN) and increased the price target from $70 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:08 pm

EXP

Citigroup analyst Anthony Pettinari has reaffirmed a Buy rating on Eagle Materials (NYSE:EXP) and increased the price target from $234 to $244. This adjustment reflects Citigroup's continued confidence in the company's performance and outlook.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:05 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has been analyzed by 39 analysts, showing a range of opinions. The average 12-month price target is $248.26, up 14.47% from the previous target. Analysts from firms like JMP Securities, Keybanc, and Morgan Stanley have raised their price targets, reflecting a positive outlook on the company's performance. CrowdStrike's financials show strong revenue growth and net margin, but a lower ROE compared to industry averages. The company's low debt-to-equity ratio indicates a healthy balance of financing.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:01 pm

BKU

Citigroup analyst Benjamin Gerlinger has maintained a Neutral rating on BankUnited (NYSE:BKU) and reduced the price target from $34 to $33.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 8:45 pm