Streetbeat News

Price Targets

GOLD

BMO Capital has maintained its Outperform rating for Barrick Gold (NYSE:GOLD) but reduced its price target from $28.00 to $27.00. Barrick Gold's shares have fallen 2.57% to $15.55. The new target implies a potential 73.63% upside. Barrick Gold, a major gold miner, produced 4.1 million ounces of gold and 440 million pounds of copper in 2022, with significant reserves and operations in 19 countries.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

GLOB

Analysts have diverse opinions on Globant (NYSE:GLOB), with 8 reviews over the last three months ranging from bullish to bearish. The average 12-month price target for GLOB is $234.25, up 7.95% from the previous target of $217.00. Citigroup, Piper Sandler, UBS, Wedbush, Needham, and Keybanc are among the firms adjusting their ratings and price targets. Globant's financials show strong revenue growth and net margin, but below-average ROE. The company's market cap is below industry average, and it has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

RENT

Piper Sandler has downgraded Rent the Runway (NASDAQ:RENT) from its previous rating to Neutral, with a new price target of $0.75, down from $2.00. Despite the downgrade, RENT shares have risen 5.48% in the last 24 hours to $0.56. The new price target suggests a potential upside of 33.93% from the current share price. Rent the Runway operates an e-commerce platform for renting, subscribing to, or buying designer apparel and accessories.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

LAZR

Deutsche Bank downgraded Luminar Technologies (NASDAQ:LAZR) from a previous rating to Hold, significantly reducing the price target from $11.00 to $4.00. Luminar's shares are currently trading at $2.30, down 2.75% over the last 24 hours. The new price target suggests a potential upside of 73.91%. Luminar Technologies is an autonomous vehicle sensor and software company, primarily generating revenue from its Autonomy Solutions segment.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

TRGP

Barclays has reaffirmed its Overweight rating on Targa Resources (NYSE:TRGP) and increased its price target from $94.00 to $105.00. Targa Resources, a midstream energy firm, has seen its shares trade down 0.64% at $82.00 recently. The new price target suggests a potential upside of 28.05% from the current share price.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

ZTS

Four analysts have recently updated their ratings on Zoetis (NYSE:ZTS), with a mix of bullish sentiments. The average 12-month price target is now $216.5, up from $201.67, with a high estimate of $230.00 and a low of $195.00. Analysts from Goldman Sachs, Jefferies, Piper Sandler, and Stifel have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Zoetis, a leader in animal health products, shows strong financial performance with high net margin and ROE, but has a higher debt-to-equity ratio than the industry average.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

GS

Oppenheimer has reaffirmed its Outperform rating on Goldman Sachs Group (NYSE:GS) and increased its price target from $481.00 to $491.00. Despite the positive outlook, Goldman Sachs shares have fallen 1.09% in the last 24 hours to $376.30. The new price target suggests a potential upside of 30.48% from the current price. Goldman Sachs is a major investment bank with diverse revenue streams, with the majority of its net revenue coming from the Americas.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:00 pm

RVLV

Piper Sandler analyst Edward Yruma upgraded Revolve Group Inc (RVLV) from Neutral to Overweight and raised the price target from $16 to $21. The upgrade is based on the potential for gross margin expansion due to controlled inventory and possible improvements in return rates. Despite a challenging spending environment, Revolve's active customer count remains positive, and Yruma anticipates a replacement cycle in 2024 that could boost earnings per share by approximately 22% over the next two years. Revolve's strong balance sheet is also highlighted, providing the company with capital and strategic flexibility. Shares of Revolve Group saw a slight increase of 0.35% to $14.45.

Portfolio Pulse from Priya Nigam

January 17, 2024 | 4:59 pm

BWB

Piper Sandler analyst Nathan Race has initiated coverage on Bridgewater Bancshares (NASDAQ:BWB) with an Overweight rating and set a price target of $15.5.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:57 pm

WDAY

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Workday (NASDAQ:WDAY) and maintained a price target of $330.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:53 pm