Streetbeat News

Price Targets

SPT

Goldman Sachs analyst Chris Merwin has reaffirmed a Buy rating on Sprout Social (NASDAQ:SPT) and increased the price target from $65 to $81. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:45 pm

SEDG

Goldman Sachs analyst Brian Lee has reiterated a Sell rating on SolarEdge Technologies (NASDAQ:SEDG) and reduced the price target from $83 to $71.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:43 pm

BTCUSD

Arthur Hayes, CEO of BitMex, predicts Bitcoin will find a local bottom between $30,000 and $35,000 before the BTFP renewal decision on March 12th. He supports his prediction with a technical analysis, indicating a 30% correction from the ETF approval high of $48,000. Hayes has acted on his prediction by purchasing $35,000 strike puts for March 2024 and selling his positions in Solana and Bonk. The Bank Term Funding Program's renewal is seen as a significant factor for Bitcoin's price, with potential market tightening if not renewed. Hayes' comments have drawn skepticism on social media, with comparisons to Jim Cramer.

Portfolio Pulse from Khyathi Dalal

January 24, 2024 | 6:38 pm

SEMR

Goldman Sachs analyst Christopher Merwin has maintained a Neutral rating on SEMrush Holdings (SEMR) and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:18 pm

QTWO

Goldman Sachs analyst Adam Hotchkiss has reaffirmed a Buy rating on Q2 Holdings (NYSE:QTWO) and increased the price target from $39 to $51, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:16 pm

PCAR

Goldman Sachs analyst Jerry Revich has maintained a Neutral rating on PACCAR (NASDAQ:PCAR) and increased the price target from $93 to $106.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:15 pm

NFLX

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Netflix (NASDAQ:NFLX) but increased the price target from $500 to $565.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:14 pm

IVZ

Goldman Sachs analyst Alexander Blostein has maintained a Neutral rating on Invesco (NYSE:IVZ) and reduced the price target from $18 to $17.25.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:12 pm

DD

Wells Fargo analyst Michael Sison has downgraded DuPont de Nemours (NYSE:DD) from Overweight to Equal-Weight and reduced the price target from $85 to $69.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:09 pm

DXC

DXC Technology (NYSE:DXC) has been evaluated by 4 analysts over the past three months, with a shift towards a more bearish stance. The average 12-month price target has been lowered by 12.38% to $23.00, with a high estimate of $24.00 and a low of $21.00. Analysts from JP Morgan, Citigroup, BMO Capital, and RBC Capital have all lowered their price targets. DXC Technology's financial performance shows a decline in revenue growth, below-average net margin and ROE, and a high debt-to-equity ratio, indicating potential financial challenges.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 6:00 pm