Streetbeat News

Price Targets

AMD

TSM

AMD stock reached a new all-time high, trading up 2.2% to $166.16 after Raymond James maintained a Strong Buy and increased its price target from $140 to $190. The rise in AMD shares is partly due to strong Q4 financial results from Taiwan Semiconductor Mfg. Co. Ltd. (TSMC), which reported higher than expected revenue and EPS, and also due to Supermicro's announcement of exceeding its Q2 financial guidance. TSMC's revenue was $19.62 billion with an EPS of $1.44, both surpassing consensus estimates.

Portfolio Pulse from Henry Khederian

January 19, 2024 | 5:04 pm

FAST

Stifel analyst Michael Hoffman has reaffirmed a Buy rating on Fastenal (NASDAQ:FAST) and increased the price target from $69 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:04 pm

RCL

Analysts have provided diverse evaluations for Royal Caribbean Gr (NYSE:RCL) over the last three months, with 9 different ratings ranging from bullish to bearish. The average 12-month price target is $130.0, up 6.27% from the previous $122.33, with a high estimate of $155.00 and a low of $100.00. Recent actions include rating changes and price target adjustments by analysts from Barclays, Argus Research, Tigress Financial, Truist Securities, Citigroup, Susquehanna, Morgan Stanley, and HSBC. Royal Caribbean operates 64 ships and has 10 more on order, recently divested its Azamara brand, and shows strong revenue growth and net margin but below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:01 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading higher after the company announced it expects to exceed its prior Q2 financial guidance. The updated guidance estimates Q2 net sales between $3.6 billion and $3.65 billion, up from the previous $2.7 billion to $2.9 billion. Non-GAAP diluted net income per share is also expected to rise to $5.40-$5.55, from the earlier $4.40-$4.88. The company attributes this to strong market demand for its solutions. Barclays and Wedbush analysts have updated their price targets and ratings for SMCI. The Q2 financial results will be released on Jan. 29.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 5:00 pm

KEY

Wedbush has maintained a Neutral rating on KeyCorp (NYSE:KEY) but lowered its price target from $16.00 to $14.00. KeyCorp's shares are currently trading at $13.25, and the new price target suggests a potential upside of 5.66%. KeyCorp, with over $170 billion in assets, operates predominantly in Ohio and New York, focusing on middle-market commercial clients.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

NNOX

Cantor Fitzgerald has maintained its Overweight rating on Nano X Imaging (NASDAQ:NNOX) but reduced its price target from $24.00 to $18.00. Despite the reduction, the new target suggests a significant upside of 213.04% from the current price of $5.75. Nano X Imaging is involved in manufacturing medical imaging systems, including the Nanox System and Nanox.CLOUD software.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

BIRK

Birkenstock Holding (NYSE:BIRK) has been evaluated by 18 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $48.06, down from $48.50. Analysts from firms like Piper Sandler and Stifel have raised their price targets, while others have announced new ratings. Birkenstock's financials show strong revenue growth and net margin but below-average ROE and ROA. The company has a lower debt-to-equity ratio compared to the industry, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

RBLX

Goldman Sachs has reaffirmed its Sell rating on Roblox Corporation (NYSE:RBLX) but increased its price target from $26.00 to $35.00. Despite the upgrade in the price target, the new target still suggests a potential downside of 10.71% from the current trading price of $39.20. Roblox operates an online platform allowing users to create and monetize games, and it earns revenue through a variety of channels while leveraging outsourced game development.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

WABC

Piper Sandler has maintained a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) but lowered its price target from $56.00 to $55.00. Westamerica Bancorp's shares are currently trading at $52.11, and the new price target suggests a potential upside of 5.55%. The bank, with approximately $7.5 billion in assets, primarily serves commercial clients in central and northern California.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

NFLX

Benchmark analyst Matthew Harrigan has maintained a Sell rating on Netflix (NASDAQ:NFLX) but increased the price target from $350 to $425.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:55 pm