Streetbeat News

Price Targets

PLBC

Raymond James analyst David Feaster has maintained an Outperform rating on Plumas Bancorp (NASDAQ:PLBC) and increased the price target from $38 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:30 am

FITB

Fifth Third Bancorp (NASDAQ:FITB) is set to release Q4 earnings on Jan. 19, 2023, with expected earnings of 85 cents per share, down from $1.00 year-over-year, and projected revenue of $2.16 billion, down from $2.32 billion. The company has seen recent executive appointments and a 1.6% share price drop to $33.24. Analysts have provided mixed ratings and price targets, with the most recent being a downgrade to Market Perform with a $37 target by Keefe, Bruyette & Woods.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 9:14 am

MSFT

Bank of America Securities analyst Brad Sills reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) and raised the price target from $430 to $450, citing a solid reacceleration story in 2024. Sills expects a 1% constant currency upside to Q2 revenue estimates, driven by Azure and M365 strength, despite weaker PC shipments. He anticipates currency to provide a 2% tailwind to growth and foresees a $450 million upside in PBP segment revenue. Additionally, accelerating ASP growth from M365 Copilot is expected to drive Office growth. Exane BNP Paribas analyst Stefan Slowinski upgraded Microsoft from Neutral to Outperform with a $471 price target. MSFT shares were up by 0.89% at $392.96.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 8:08 pm

NOW

ServiceNow's stock (NOW) is trading higher following Oppenheimer's reaffirmation of an Outperform rating and an increase in the price target from $750 to $800.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:01 pm

FHI

Four financial analysts have provided their ratings on Federated Hermes (NYSE:FHI), with a mix of indifferent and somewhat bullish views. The average 12-month price target is $37.0, with a high of $44.00 and a low of $32.00, marking a 5.13% decrease in the average target. Analysts from JP Morgan and UBS have raised their price targets, while TD Cowen has set a target of $32.00. Federated Hermes has a diverse asset management portfolio and has shown a revenue growth of 5.64% as of September 30, 2023. However, it faces challenges with a net margin below industry standards and a lower growth rate compared to peers. The company's strong ROE and ROA, along with a conservative debt-to-equity ratio, indicate financial health.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 8:00 pm

NFLX

Seaport Global analyst David Joyce has maintained a Buy rating on Netflix (NASDAQ:NFLX) and increased the price target from $482 to $541.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:57 pm

CXT

DA Davidson analyst Matt Summerville has maintained a Buy rating on Crane NXT (NYSE:CXT) and increased the price target from $75 to $80.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:55 pm

CRWD

CrowdStrike Holdings' stock (CRWD) is trading higher following an Overweight rating reaffirmation and a price target increase from $245 to $318 by Keybanc.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:54 pm

CCL

Truist Securities analyst Patrick Scholes has maintained a Hold rating on Carnival Corporation (NYSE:CCL) and increased the price target from $15 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:54 pm

PGTI

Truist Securities analyst Keith Hughes has maintained a Hold rating on PGT Innovations (NYSE:PGTI) and reduced the price target from $43 to $42.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:53 pm