Streetbeat News

Price Targets

ACI

Roth MKM analyst Bill Kirk has maintained a Neutral rating on Albertsons Companies (NYSE:ACI) and increased the price target from $23 to $24 as reported on January 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:24 pm

ACI

Roth MKM analyst Bill Kirk has maintained a Neutral rating on Albertsons Companies (NYSE:ACI) and increased the price target from $23 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:23 pm

BE

Bloom Energy Corp (NYSE:BE) has entered into a sales agreement with SK Ecoplant for its electrolyzer technology, which is expected to generate significant revenues over the next 20 years. Baird analyst Ben Kallo upgraded Bloom Energy's rating to Outperform and raised the price target from $16 to $22, citing catalysts such as cost reductions, manufacturing improvements, and electrolyzer sales for 2024. Shares of Bloom Energy rose by 1.13% to $13.47 following the announcement.

Portfolio Pulse from Priya Nigam

January 10, 2024 | 6:20 pm

ZS

Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Zscaler (NASDAQ:ZS) and increased the price target from $235 to $265. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the current trading levels.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:19 pm

VRNS

Citigroup analyst Fatima Boolani has maintained a Neutral rating on Varonis Systems (NASDAQ: VRNS) but increased the price target from $35 to $45. This adjustment reflects a more optimistic valuation of the company's stock by Citigroup.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:17 pm

S

Citigroup analyst Fatima Boolani has maintained a Neutral rating on SentinelOne (NYSE:S) and increased the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:13 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) showed slight gains on Wednesday, continuing its consolidation after Monday's significant rise. The market is anticipating key US consumer inflation data set to be released on Thursday, which could significantly impact the direction of SPY. Traders looking to take short-term positions based on the upcoming data may use the Direxion Daily S&P 500 Bull 3X Shares (SPXL) for a bullish stance or the Direxion Daily S&P 500 Bear 3X Shares (SPXS) for a bearish approach. Both SPXL and SPXS are triple-leveraged ETFs tracking SPY's movements. The article suggests that SPXL is showing a bullish pattern but warns of a potential new downtrend if negative market reactions occur after the inflation data release.

Portfolio Pulse from Melanie Schaffer

January 10, 2024 | 6:10 pm

PANW

Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $280 to $335, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:06 pm

OKTA

Citigroup analyst Fatima Boolani has maintained a Neutral rating on Okta (NASDAQ:OKTA) and increased the price target from $75 to $85.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:03 pm

PLD

Analysts have mixed views on Prologis (NYSE:PLD), with recent ratings ranging from bullish to bearish. The average 12-month price target is $133.4, down from $136.83. Analysts from firms like Mizuho, JP Morgan, and Barclays have updated their price targets and ratings, reflecting changes in market conditions and company performance. Prologis, a global industrial and logistics facilities operator, has shown a revenue growth of 9.35% and strong financial health with a high net margin of 38.97% and ROE of 1.4%. The company's strategic capital business has around $60 billion AUM, and it maintains a prudent debt management with a debt-to-equity ratio of 0.51.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:01 pm