Streetbeat News

Price Targets

GOLF

Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Acushnet Holdings (NYSE:GOLF) and increased the price target from $65 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 9:36 am

CWH

Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Camping World Holdings (NYSE:CWH) and increased the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 9:35 am

ADSK

Keybanc analyst Jason Celino has maintained an Overweight rating on Autodesk (NASDAQ:ADSK) and increased the price target from $245 to $260.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 9:33 am

ARKK

BLK

FNF

IVZ

ARK Invest CEO Cathie Wood has revised her Bitcoin price projection to $1.5 million by 2030, up from her previous estimate of $1 million. This revision follows the SEC's approval of several spot Bitcoin ETFs, including one from ARK Invest. Wood also revealed that at least 25% of her financial net worth, excluding her firm and real estate, is invested in Bitcoin. BTC was trading at $46,050.65 at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 5:53 am

BTCUSD

MSTR

Andrew Tate, a controversial figure, criticized the decision-making of crypto investors and highlighted his past advice on Bitcoin investments through his platform, THE REAL WORLD. He mentioned his previous recommendations when Bitcoin was at lower prices and noted the current price increase. Tate also contrasted Michael Saylor's positive approach to Bitcoin investment with Sam Bankman-Fried's negative approach, referencing the SEC's potential approval of a Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 4:14 am

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares increased by over 8.5% on Thursday, continuing an uptrend despite earlier losses in the week. The volatility in ZIM's stock is partly due to Houthi attacks in the Red Sea affecting shipping stocks and rising container prices. ZIM's shares have surged over 93% from recent lows, reaching a peak not seen since last summer. The company also announced a partnership with Hoopo Systems Ltd. for advanced tracking devices in its dry-van containers. Price targets for ZIM have varied from $5 to $10.50 in recent weeks.

Portfolio Pulse from Ryan Gustafson

January 11, 2024 | 10:03 pm

DVN

Devon Energy (NYSE:DVN) has been rated by 15 analysts, showing a mix of bullish and bearish sentiments. The average 12-month price target is $55.47, with a high of $77.00 and a low of $48.00, marking a 4.81% decrease in the average target. Analysts from firms like Mizuho, Raymond James, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Devon Energy's financials indicate a negative revenue trend with a -29.38% growth over 3 months, but strong profitability with a net margin of 23.72% and an ROE of 8.03%. The company's debt-to-equity ratio is below industry average at 0.55.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 9:01 pm

MIDD

Analysts have mixed views on Middleby (NASDAQ:MIDD), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $153.8, down from $163.00, with individual targets ranging from $137.00 to $160.00. Analysts from Jefferies, Keybanc, Barclays, and JP Morgan have adjusted their ratings and price targets, reflecting their latest outlook on the company. Middleby operates in the foodservice and kitchen equipment industry and has shown a revenue decline of -1.23% over the last quarter, with a net margin of 11.08% and ROE of 3.57%. The company's debt-to-equity ratio is 0.84, indicating higher debt levels than industry norms.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 9:00 pm

ACMR

ACM Research (NASDAQ:ACMR) has been evaluated by four analysts over the last three months, with a mix of opinions. The recent assessments show a shift towards a neutral stance in the last 30 days compared to more bullish views one month ago. Analysts have raised their 12-month price targets, with an average of $25.77, a high of $32.00, and a low of $22.10, indicating a 34.43% increase from the previous average target of $19.17. The company's financial performance shows strong revenue growth and net margin, but lower ROE and ROA compared to industry benchmarks, and a conservative debt management approach with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 9:00 pm

ZGN

Goldman Sachs analyst Louise Singlehurst upgraded Ermenegildo Zegna N.V. (NYSE:ZGN) to Buy from Neutral and raised the price target to $18.70 from $17. Singlehurst is optimistic about Zegna's growth trajectory, citing a positive fundamental investment case, attractive valuation after recent underperformance, and strong medium-term targets. The analyst expects over a 10% sales CAGR and a 20% CAGR in adjusted EBIT over the medium term, with even higher growth anticipated from 2023 to 2027. The growth is attributed to new retail space, increased store productivity, and strong brand momentum with a loyal high-end customer base. Zegna's top 5% of customers account for 40% of sales, and the high-end customer cohort spending €50k+ per year grew by 63% compared to 2022. The analyst forecasts 20% FX growth in FY23 and 10% in FY24. ZGN shares rose 3.07% to $11.07 following the upgrade.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 8:52 pm