Streetbeat News

Price Targets

MNR

Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has reduced the price target from $30 to $29.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:27 pm

IRM

Stifel analyst Shlomo Rosenbaum has reaffirmed a Buy rating on Iron Mountain (NYSE:IRM) and increased the price target from $65 to $76. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:25 pm

HOOD

Mizuho analyst Dan Dolev reiterated a Buy rating on Robinhood Markets, Inc (NASDAQ:HOOD) with a price target of $15, citing the potential boost to 2024 adjusted EBITDA from a new 3-cent pass-through charge per option contract. Despite a decline in FY24 EBITDA estimates from over $660 million to $560 million since Q3 reporting, Dolev believes the market has not fully accounted for the impact of the pass-through charge. He raised his EBITDA estimate to $562 million from $533 million and projected Q4 revenue and EBITDA at $484 million and $117 million, respectively. HOOD's stock was slightly down at $10.98.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 7:22 pm

ITW

Stifel analyst Nathan Jones has maintained a Hold rating on Illinois Tool Works (NYSE:ITW) and increased the price target from $238 to $239.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:21 pm

IEX

Stifel analyst Nathan Jones has maintained a Hold rating on IDEX Corporation (NYSE:IEX) and increased the price target from $214 to $215.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:19 pm

ALLY

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Ally Financial Inc. (NYSE:ALLY) and increased the price target from $36 to $37. The analyst adjusted earnings estimates, lowering near-term estimates by 7% due to slower loan growth but raised the 2025 EPS estimate by 4% anticipating NIM recovery and a lower tax rate. The company's guidance suggests lower NIM, higher loan losses, and slower loan growth, but also higher other revenues and lower operating costs. A CEO transition is expected soon, which could lead to changes in guidance. Ally Financial's shares saw a slight increase of 0.17% to $36.38.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 7:17 pm

ESAB

Stifel analyst Nathan Jones has maintained a Buy rating on ESAB Corporation (NYSE:ESAB) and increased the price target from $105 to $106.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:16 pm

EOG

Stifel analyst Derrick Whitfield has maintained a Buy rating on EOG Resources (NYSE:EOG) but has reduced the price target from $165 to $163.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:12 pm

CRC

Analysts have mixed views on California Resources (NYSE:CRC), with ratings ranging from bullish to bearish. Over the last quarter, there were 4 ratings with a recent shift towards bullishness. The average 12-month price target is $62.00, down from $65.50, with a high of $68.00 and a low of $60.00. Derrick Whitfield of Stifel raised his target to $68.00, while Kalei Akamine of B of A Securities lowered theirs to $60.00. CRC's financial performance shows challenges with a revenue decline of -24.72% and below-average net margin and ROE. However, its debt-to-equity ratio is sound at 0.32.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:00 pm

META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm