Streetbeat News

Price Targets

BLK

Analysts have diverse opinions on BlackRock (NYSE:BLK) with 7 recent ratings ranging from bullish to indifferent. The 12-month price targets show an average of $804.0, a high of $897.00, and a low of $708.00, indicating an 8.09% increase from the previous average. BlackRock, the world's largest asset manager with $9.101 trillion AUM, has a diverse product mix and global client base. Financially, it has a high market cap, positive revenue growth, strong net margin, but lags in ROE and ROA compared to industry averages, and has a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm

AEVA

Roth MKM analyst Suji Desilva has reaffirmed a Buy rating on Aeva Technologies (NYSE:AEVA) and increased the price target from $1 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:36 pm

ACMR

Roth MKM analyst Suji Desilva has reaffirmed a Buy rating on ACM Research (NASDAQ:ACMR) and increased the price target from $20 to $25.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:33 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 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