Streetbeat News

Price Targets

UNH

UnitedHealth Group Incorporated (NYSE:UNH) is expected to report Q4 earnings of $5.98 per share, up from $5.34 the previous year, with revenue estimated at $92.14 billion, up from $82.79 billion. The company has also sold its Brazilian operations to a private investor. Shares slightly fell by 0.2% recently. Analysts have provided various ratings and price targets, with the most accurate analysts suggesting a range from $503 to $640.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 7:38 am

CROX

NKE

Crocs, Inc. (NASDAQ:CROX) shares have been trading higher, continuing a rally following a positive fourth-quarter earnings report and optimistic full-year 2023 guidance. After a brief pause on Tuesday, the stock resumed its upward trajectory on Wednesday, gaining nearly 6%. The stock had previously suffered losses due to negative sentiment in the footwear sector, influenced by Nike's (NYSE:NKE) mixed results and lowered guidance, as well as rising Treasury yields. However, with the recent rally and falling yields, Crocs is approaching its December high. Raymond James analyst Rick Patel reaffirmed a Strong Buy rating on Crocs and increased the price target from $115 to $120.

Portfolio Pulse from Ryan Gustafson

January 10, 2024 | 10:59 pm

EA

SQNXF

The 'Apex Legends' and 'Final Fantasy VII Rebirth' crossover event by Electronic Arts' Respawn and Square Enix has faced player backlash due to high microtransaction costs. Event packs increased from $7 to $10, with a total spend of $290 needed for all items. The event's pricing structure is confusing, with escalating costs and a less than 1% chance to obtain the Buster Sword without payment. Players are unhappy with the expensive and limited rewards compared to previous events.

Portfolio Pulse from Franca Quarneti

January 10, 2024 | 10:43 pm

O

Realty Income (NYSE:O) has received mixed analyst ratings over the past quarter, with 6 analysts offering opinions ranging from bullish to indifferent. The average 12-month price target is $60.25, with a high of $67.50 and a low of $48.00, marking a slight decrease from the previous average of $61.12. Analysts from firms including Mizuho, Exane BNP Paribas, Wolfe Research, RBC Capital, and Stifel have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. Realty Income owns a diverse portfolio of properties and has shown strong revenue growth and net margin, but below-average ROE and ROA. Its debt-to-equity ratio is below industry norms, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 9:01 pm

PANW

Palo Alto Networks' stock (PANW) is trading higher following an increase in the price target from $280 to $335 by Citigroup.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:50 pm

AMZN

SOFI

Deutsche Bank analyst Mark Devries initiated coverage on SoFi Technologies, Inc (SOFI) with a Hold rating and a price target of $11, citing limited visibility on tech platform growth. SoFi, an online bank with various personal finance solutions, trades more like a tech company despite revenues from consumer lending. The company is 45% owned by retail shareholders, contributing to volatility. Keys to 2024 include technology sales growth and profitability. SoFi's banking services are compared to Amazon's AWS, with the need for strong growth in their Technology platform. The analyst projected Q4 revenue and EPS slightly below consensus.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 8:46 pm

WM

Waste Management Inc. (NYSE:WM) saw a slight increase of 0.01% in its share price to $178.25 in the current market session. Despite a minor decrease over the past month, the stock has risen by 17.05% over the past year. The article discusses the company's P/E ratio in comparison to the industry average, suggesting that WM's lower P/E ratio of 31.55, compared to the industry's 38.4, could indicate that the stock is undervalued or that investors have lower growth expectations.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 8:45 pm

AER

AFRM

AL

ALLY

GS

SOFI

BMO Capital Market analyst James Fotheringham downgraded Ally Financial (ALLY) and Goldman Sachs (GS) to Market Perform, citing vulnerability to an impending credit cycle and higher capital requirements. He set price targets of $36 for ALLY and $357 for GS. Fotheringham initiated coverage on aircraft lessors AerCap Holdings (AER) and Air Lease Corp (AL) with Outperform ratings and price targets of $103 and $54, respectively, due to favorable market dynamics. He also initiated coverage on Affirm Holdings (AFRM) and SoFi Technologies (SOFI) with Market Perform ratings and price targets of $44 and $9, respectively, but expects their EPS to be below consensus.

Portfolio Pulse from Lekha Gupta

January 10, 2024 | 8:44 pm

ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, anticipates the potential approval of the Ark21Shares Bitcoin ETF (ticker 'ARCB') as a significant event for Bitcoin. She targets $4 billion in inflows from institutional investors, despite a longer due diligence process. Wood remains optimistic about the future of digital asset ETFs, though acknowledges the SEC's role in the process. She previously predicted a $1 million Bitcoin price in the next 5-7 years.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 8:39 pm

TOST

Goldman Sachs analyst Will Nance upgraded Toast Inc (TOST) to Buy with a $24 price target, citing expectations of improved profitability trends in 2024 and potential GAAP profitability in 2025. Despite negative investor sentiment due to weaker ARPU and GPV trends, Nance believes the market underestimates TOST's market share growth in its core SMB market and its software platform's competitive edge. TOST's valuation is also seen as favorable compared to software-oriented peers. TOST shares rose 2.42% to $19.25.

Portfolio Pulse from Shivani Kumaresan

January 10, 2024 | 8:06 pm