Streetbeat News

Price Targets

SEAS

Truist Securities analyst Michael Swartz has maintained a Buy rating on SeaWorld Entertainment (NYSE:SEAS) and increased the price target from $58 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:25 pm

PATK

Truist Securities analyst Michael Swartz has reaffirmed a Buy rating on Patrick Industries (NASDAQ:PATK) and increased the price target from $95 to $125.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:22 pm

ONEW

Truist Securities analyst Michael Swartz has reaffirmed a Buy rating on OneWater Marine (NASDAQ:ONEW) and increased the price target from $30 to $38, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:20 pm

EA

RBLX

TTWO

BMO Capital Markets released an industry primer with a positive outlook for the gaming sector in 2024, highlighting the growth potential of megahit titles and the expanding console market. The report emphasizes the importance of owning franchises like Electronic Arts Inc's EA Sports FC, Take-Two Interactive Software Inc's Grand Theft Auto, and Roblox Corp's Roblox, citing their strong positions and potential for revenue growth. The gaming industry has seen revenues double to $193 billion in 2023, with 3.4 billion gamers globally. BMO projects robust growth in the console market, particularly in the U.S., and recommends investing in companies with significant console game revenue like EA and Take-Two. The report also notes the evolution of business models and the dominance of megahit titles as key investment drivers. Roblox is highlighted for its unique platform and user retention beyond age 13, with expectations of improved monetization and cash flows.

Portfolio Pulse from Franca Quarneti

January 09, 2024 | 7:18 pm

MCHP

Truist Securities analyst William Stein has maintained a Buy rating on Microchip Technology (NASDAQ:MCHP) but has reduced the price target from $97 to $93.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:15 pm

MCFT

Truist Securities analyst Michael Swartz has maintained a Hold rating on MasterCraft Boat Holdings (NASDAQ:MCFT) and increased the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:09 pm

HZO

Truist Securities analyst Michael Swartz has reaffirmed a Buy rating on MarineMax (NYSE:HZO) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:06 pm

MBUU

Truist Securities analyst Michael Swartz has reaffirmed a Buy rating on Malibu Boats (NASDAQ:MBUU) and increased the price target from $55 to $62.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:05 pm

LULU

Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $555 to $561.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:03 pm

AMAM

Ambrx Biopharma (NASDAQ:AMAM) has been rated by 7 analysts in the last three months, with 5 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $22.43, down 8.45% from the previous $24.50. Analysts from B. Riley Securities, JMP Securities, Goldman Sachs, RBC Capital, and Cantor Fitzgerald have updated their ratings and price targets. Ambrx Biopharma is a clinical-stage biologics company with a declining revenue growth of -96.68% as of September 30, 2023, and a net margin of -43375.47%. The company's ROE is -9.33% and ROA is -8.34%, with a debt-to-equity ratio of 0.04.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 7:01 pm