Streetbeat News

Price Targets

NFLX

Keybanc analyst Justin Patterson has maintained an Overweight rating on Netflix (NASDAQ:NFLX) and increased the price target from $525 to $545.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:04 am

ARMK

Goldman Sachs analyst Lizzie Dove has initiated coverage on Aramark (NYSE:ARMK) with a Buy rating and set a price target of $33.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:59 am

NVEI

Wells Fargo analyst Andrew Bauch has initiated coverage on Nuvei (NASDAQ:NVEI) with an Equal-Weight rating and set a price target of $29 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:53 am

GLBE

Wells Fargo analyst Andrew Bauch has initiated coverage on Global E Online (NASDAQ:GLBE) with an Overweight rating and set a price target of $50 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:52 am

PAY

Wells Fargo analyst Andrew Bauch has initiated coverage on Paymentus Holdings (NYSE:PAY) with an Equal-Weight rating and set a price target of $17 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:51 am

SPR

Citigroup analyst Jason Gursky has initiated coverage on Spirit AeroSystems Holdings (NYSE:SPR) with a Buy rating and set a price target of $39. This new coverage could influence investor sentiment and potentially impact the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:48 am

RELY

Wells Fargo analyst Andrew Bauch has initiated coverage on Remitly Global (NASDAQ:RELY) with an Underweight rating and set a price target of $16 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:44 am

RSI

Needham analyst Bernie McTernan has reiterated a Buy rating on Rush Street Interactive (NYSE:RSI) and maintained a $6 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:32 am

CFLT

DVN

LAC

Jim Cramer, host of CNBC's 'Mad Money,' warned of a potential market downturn due to an unsustainable surge in tech stocks, particularly those touting AI initiatives. He noted that stocks have gone parabolic on no new information, with the 'Magnificent Seven' tech stocks needing to rest. Cramer linked the market rally to the Fed's pause on rate hikes, suggesting a cooling economy. He advised investors to take profits and remains skeptical about certain stocks like Devon Energy (DVN), Lithium Americas (LAC), and Confluent (CFLT). The major indices fell on Tuesday, with the S&P 500 down by 0.37% and the Nasdaq 100 down by 0.19%.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:34 am

AER

AL

BAC

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Bank Of America Corporation (BAC) but lowered the price target from $37 to $36. The adjustment follows BAC's Q4 2023 miss driven by higher operating and credit costs, and reduced share repurchase expectations. Fotheringham suggests better return potential in other U.S. FIG stocks, highlighting AerCap Holdings (AER) and Air Lease Corporation (AL) as having less exposure to risks. BAC's Q4 revenue declined 10% Y/Y, and core EPS of $0.66 missed consensus by 7%. The 2024 core EPS estimate for BAC was reduced to $3.13 from $3.29, while the 2025 estimate remains nearly the same. BAC shares dropped 2.07% to $32.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 9:32 pm