Streetbeat News

Price Targets

MSFT

Analysts from Piper Sandler and Oppenheimer maintain positive outlooks on Microsoft Corp (NASDAQ:MSFT), citing strong growth in Azure and potential in AI innovations. Piper Sandler's Brent A. Bracelin has an Overweight rating with a price target of $455, highlighting Azure's potential to reach $95 billion in revenue within two years and O365's growth. Oppenheimer's Timothy Horan, with an Outperform rating and a $410 price target, emphasizes Microsoft's full-stack AI capabilities and the importance of the upcoming quarterly report on January 30 to gauge progress in AI monetization.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 9:17 pm

RJF

Raymond James Financial (NYSE:RJF) was analyzed by 7 analysts, with a mix of indifferent and somewhat bullish ratings. The average 12-month price target is $117.14, up from the previous $110.80. Analysts from UBS, JP Morgan, Jefferies, TD Cowen, Goldman Sachs, and Morgan Stanley have adjusted their ratings and price targets, reflecting their latest views on the company's performance. Raymond James Financial is a financial holding company with over $1.2 trillion assets under administration, with 90% of revenue from the U.S. and 70% from wealth management. The company has seen a 7.76% revenue growth rate and has a strong financial structure with a debt-to-equity ratio of 0.31.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 9:00 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) has received mixed analyst ratings over the past three months, with 7 analysts offering views ranging from bullish to indifferent. The average 12-month price target has been raised to $14.57, reflecting an 18.55% increase from the previous target of $12.29. Analysts from firms including Citigroup, Evercore ISI Group, Barclays, Raymond James, RBC Capital, Goldman Sachs, and Morgan Stanley have raised their price targets for HBAN. The company faces challenges with a revenue decline of -8.31% as of December 31, 2023, a below-average net margin of 12.49%, and a low ROE of 1.3% and ROA of 0.11%. Its debt-to-equity ratio of 0.77 is higher than the industry average, indicating a higher financial risk.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 9:00 pm

AXP

American Express Company (NYSE:AXP) stock has appreciated about 350% since Warren Buffett's Berkshire Hathaway first invested in Q1 2001. The stock's price increased from around $40 to $187, turning a $1,000 investment into approximately $4,530. Berkshire Hathaway owns over 20% of AXP, making it their third-largest holding. Despite the significant gains, AXP is positioned to benefit from lower interest rates and inflation stabilization. Deutsche Bank and JP Morgan have issued Buy ratings and raised price targets for AXP to $235 and $205, respectively.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 8:23 pm

PLXS

Needham analyst James Ricchiuti has maintained a Buy rating on Plexus (NASDAQ:PLXS) but has reduced the price target from $110 to $107.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:21 pm

NOW

ServiceNow, Inc. (NYSE:NOW) surpassed Q4 earnings and sales estimates, reporting earnings of $3.11 per share and quarterly sales of $2.44 billion. This represents a 25.62% increase in sales year-over-year. The company also raised its 2024 subscription revenues and operating margin outlook. Despite the positive report, ServiceNow shares dropped slightly by 0.1%. Analysts from Barclays, Piper Sandler, Goldman Sachs, BMO Capital, RBC Capital, Mizuho, Baird, and UBS have raised their price targets on ServiceNow following the earnings release.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 8:19 pm

WBS

Citigroup analyst Ben Gerlinger has maintained a Buy rating on Webster Financial Corporation (NYSE:WBS) but has reduced the price target from $61 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:18 pm

TXT

Citigroup analyst Jason Gursky has reaffirmed a Buy rating on Textron (NYSE:TXT) and increased the price target from $102 to $104, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:17 pm

APP

AppLovin Inc. (NASDAQ:APP) stock has risen by 7.46% over the past month and 247.90% over the past year, currently trading at $44.00. The company's P/E ratio of 154.68 is slightly higher than the Software industry's aggregate P/E of 151.0, suggesting that investors may expect better future performance from AppLovin, but also raising concerns that the stock might be overvalued. The P/E ratio is a critical tool for investors but should be used alongside other financial metrics and qualitative analysis for comprehensive investment decisions.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 8:15 pm

LRCX

Citigroup analyst Atif Malik has reaffirmed a Buy rating on Lam Research (NASDAQ:LRCX) and increased the price target from $800 to $975, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:09 pm