Streetbeat News

Price Targets

WTFC

Truist Securities analyst Brandon King has reaffirmed a Buy rating on Wintrust Financial Corporation (NASDAQ: WTFC) and increased the price target from $105 to $111.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:16 pm

W

Truist Securities analyst Youssef Squali has maintained a Buy rating on Wayfair (NYSE:W) and increased the price target from $67 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:14 pm

UDMY

Truist Securities analyst Terry Tillman has reaffirmed a Buy rating on Udemy (NASDAQ:UDMY) and increased the price target from $13 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:10 pm

TCBI

Truist Securities analyst Brandon King has reaffirmed a Buy rating on Texas Capital Bancshares (NASDAQ:TCBI) and increased the price target from $70 to $72.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:08 pm

PAGS

Goldman Sachs analyst Tito Labarta upgraded PagSeguro Digital Ltd (NYSE:PAGS) to Neutral from Sell and increased the price target to $13.8 from $7.40. Labarta forecasts low double-digit TPV growth throughout 2024, improved revenue growth quarter-over-quarter, and a stabilization of net margin due to declining interest rates. The analyst expects higher loan book and deposit base growth, but with caution on unsecured credit. Despite concerns over declining take rates due to lower interest rates and competition, the outlook for Brazil's Payment Technology sector is slightly more favorable. Labarta predicts Q4 FY23 recurring earnings of R$487 million and TPV of R$104.8 billion, both exceeding consensus. PAGS shares rose 0.95% to $12.72.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 7:03 pm

VTEX

B of A Securities analyst Fred Mendes has reaffirmed a Buy rating on Vtex (NYSE:VTEX) and increased the price target from $8.5 to $12, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:02 pm

RF

Regions Financial Corporation (NYSE:RF) has received mixed analyst ratings over the past three months, with 11 analysts providing diverse outlooks. The average 12-month price target has been raised to $19.6, reflecting an 8.59% increase from the previous target. Analysts from firms such as Keefe, Bruyette & Woods, RBC Capital, and Jefferies have raised their price targets, while Morgan Stanley and JP Morgan have lowered theirs. Regions Financial's financials show a negative revenue trend with a -0.54% decline in growth, but strong net margin and ROE figures. The company's market capitalization is above industry benchmarks, indicating a strong market presence.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 7:00 pm

ACGL

Citigroup analyst Charlie Lederer has maintained a Neutral rating on Arch Capital Group (NASDAQ:ACGL) but has reduced the price target from $91 to $89.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:46 pm

TRV

Keefe, Bruyette & Woods analyst Meyer Shields has maintained a 'Market Perform' rating on Travelers Companies (NYSE:TRV) and increased the price target from $194 to $215.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:34 pm

TCN

Keefe, Bruyette & Woods analyst Jade Rahmani has maintained a 'Market Perform' rating on Tricon Residential (NYSE:TCN) and increased the price target from $9.5 to $11.25.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:30 pm