Streetbeat News

Price Targets

MA

Goldman Sachs analyst has increased the price target for Mastercard Inc (NYSE:MA) from $433 to $482 while maintaining a Buy rating. Despite a mixed outlook for credit card spending and expected deceleration in card volume growth, the analyst predicts consistent spending trends in 2024 similar to H2 FY23. Uncertainty remains around average ticket sizes, which have declined despite inflation. U.S. volume growth is projected at ~8% for 2024, with intermediate-term growth estimated between 6%-8% domestically and ~8%-10% globally. The analyst anticipates Mastercard to guide to high teens EPS growth for 2024, with an EPS estimate range of $14.14-$14.20, compared to a consensus of $14.23 for FY24. Mastercard shares were trading slightly lower at the time of the report.

Portfolio Pulse from Lekha Gupta

January 11, 2024 | 8:44 pm

PLUG

SPWR

Susquehanna analyst Biju Perincheril downgraded Plug Power Inc (PLUG) and SunPower Corporation (SPWR), citing financing concerns and slow recovery respectively. PLUG was downgraded to Neutral with a price target of $4.50 due to delays in green hydrogen production facility buildout and securing funding, leading to reduced revenue and EPS forecasts. SPWR was downgraded to Neutral with a price target of $4.00 due to slow recovery in California and financial position concerns, resulting in lowered customer additions and EBITDA forecasts. PLUG shares fell by 7.30% and SPWR shares by 8.10%.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 8:34 pm

COIN

Wedbush analyst Moshe Katri maintained Coinbase Global Inc (NASDAQ:COIN) with an Outperform rating and raised the price target from $110 to $180. Katri predicts COIN will benefit from the SEC's Bitcoin ETF approvals due to its dominant role in these ETFs, facilitation services, and the recent issues faced by competitors like Binance. The analyst expects increased institutional investing in crypto assets and sees the December quarter's volatility in crypto prices as a positive for COIN's trading volume. Katri's Q4 revenue and EPS projections for COIN are $635 million and $0.00, respectively, compared to the consensus of $784.5 million and a loss of $(0.04). COIN shares were down 6.63% at $141.23 at the last check.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 8:32 pm

KBH

Evercore ISI Group analyst Stephen Kim has maintained an Outperform rating on KB Home (NYSE:KBH) and increased the price target from $67 to $76.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:06 pm

MIDD

Jefferies analyst Saree Boroditsky has maintained a Buy rating on Middleby Corporation (NASDAQ:MIDD) and increased the price target from $140 to $160.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:04 pm

GGG

Jefferies analyst Saree Boroditsky has maintained a Buy rating on Graco Inc. (NYSE:GGG) and increased the price target from $90 to $100, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:03 pm

EWCZ

European Wax Center (NASDAQ:EWCZ) has received mixed analyst ratings over the past three months, with 4 analysts offering varied opinions. The average 12-month price target is now $17.00, down from the previous $19.75, indicating a 13.92% decrease. Analysts from Piper Sandler, Truist Securities, Morgan Stanley, and Telsey Advisory Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. European Wax Center has shown a revenue growth rate of 1.22% as of September 30, 2023, a net margin of 5.28%, an ROE of 2.95%, and an ROA of 0.39%, but carries a high debt-to-equity ratio of 3.83.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

IFF

Analysts have mixed views on Intl Flavors & Fragrances (IFF), with 7 ratings in the past 3 months and an average 12-month price target of $83.57, up from $79.83. The company is a global leader in specialty ingredients but has seen a revenue decline of -7.93% as of September 30, 2023. Despite a strong net margin of 0.89%, IFF's ROE and ROA are below industry averages, and it has a conservative debt-to-equity ratio of 0.65.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

TALO

Talos Energy (NYSE:TALO) has been rated by 4 analysts in the past three months, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target is now $21.00, down from $22.33, with a high estimate of $24.00 and a low of $20.00. Analysts from Keybanc, Canaccord Genuity, Stifel, and Benchmark have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Talos Energy, an independent oil and gas company, has shown a revenue growth rate of 1.59% as of September 30, 2023, but struggles with below industry standard net margin, ROE, and ROA, despite a prudent debt-to-equity ratio of 0.52.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

LECO

Jefferies analyst Saree Boroditsky has reaffirmed a Buy rating on Lincoln Electric Holdings (NASDAQ:LECO) and increased the price target from $215 to $250, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:01 pm