Streetbeat News

Price Targets

JPM

Eight financial analysts have recently updated their ratings on JPMorgan Chase (NYSE:JPM), with a general trend towards bullishness. The average 12-month price target is now $199.75, up 8.49% from the previous $184.12, with a high estimate of $243.00 and a low of $170.00. Analysts from firms like Deutsche Bank, B of A Securities, Barclays, and others have raised their price targets, reflecting positive sentiment towards JPMorgan's market performance, revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 7:00 pm

XRAY

Dentsply Sirona (NASDAQ:XRAY), a major dental equipment manufacturer, has been analyzed by 8 financial analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $37.88, down 9.81% from the previous $42.00. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance, with several lowering their targets. Despite its size, Dentsply Sirona faces revenue growth challenges, below-average net margin, ROE, and ROA, but maintains a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 7:00 pm

C

Analysts have provided mixed reviews on Citigroup (NYSE:C) over the last three months, with recent ratings ranging from bullish to indifferent. The average 12-month price target is $62.11, with a high of $85.00 and a low of $45.00. Citigroup's financial performance shows strong revenue growth but challenges in profitability, debt management, and returns on equity and assets. Analysts' actions include both upgrades and downgrades, reflecting their ongoing assessment of the company's market conditions and performance.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 7:00 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has been the subject of 8 analyst ratings over the last three months, with sentiments ranging from bullish to bearish. The recent assessments show a positive trend with an average 12-month price target of $180.88, up from the previous $173.00. Analysts from firms like RBC Capital, Oppenheimer, UBS, Wells Fargo, Benchmark, Morgan Stanley, and Raymond James have maintained or raised their ratings and price targets. T-Mobile's financial performance shows a mixed picture with a strong market position and net margin but challenges in revenue growth, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 7:00 pm

LYFT

UBER

BMO Capital Markets analyst Brian Pitz initiated coverage on Lyft Inc (LYFT) with a Market Perform rating and a $15 price target, citing concerns over insurance cost inflation and market share loss to Uber Technologies Inc (UBER). Lyft's recovery is dependent on the West Coast market, where it over-indexes. Lyft has lowered prices to align with industry trends, resulting in volume growth. Pitz also initiated coverage on Uber with an Outperform rating and a $69 price target, highlighting Uber's strength in trips, mobility, and delivery growth, as well as its ability to innovate and integrate AI across its tech stack. However, geopolitical uncertainty poses a risk for Uber. UBER shares were up 2.44% at $60.45, while LYFT shares rose 0.30% to $13.59.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 6:58 pm

DKNG

DraftKings' stock (DKNG) is experiencing an uptick after BMO Capital initiated coverage with an Outperform rating and a price target of $43.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:55 pm

ABNB

BKNG

EXPE

TRIP

BMO Capital Markets analyst Brian J. Pitz initiated coverage on several online travel stocks. Airbnb Inc (ABNB) received a Market Perform rating with a $134 price target, citing potential revenue risks from regulatory challenges. Booking Holdings Inc (BKNG) was rated Outperform with a $4,150 price target, with expectations of wallet share gains and benefits from the travel tailwind in 2024. Expedia Group Inc (EXPE) also received an Outperform rating and a $181 price target, with positive outlooks on its integrated tech stack and customer experience improvements. TripAdvisor Inc (TRIP) was given a Market Perform rating and a $20 price target, with potential for strategic M&A. BKNG and EXPE stocks were up, while ABNB and TRIP were down in the last check Tuesday.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 6:52 pm

BNTX

BioNTech Inc. (NASDAQ:BNTX) saw a 2.30% drop in its share price to $109.31, despite an 8.87% increase over the past month. The stock has fallen 28.21% over the past year. Investors are examining BioNTech's P/E ratio, which at 9.08 is lower than the Biotechnology industry average of 40.76. This could suggest that BioNTech is undervalued compared to its peers or that investors expect lower future growth. The P/E ratio is a critical metric but should be used alongside other analyses for investment decisions.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:45 pm

UBER

Uber's stock is experiencing an uptick following BMO Capital's initiation of coverage with an Outperform rating and a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:19 pm

IAS

Four financial analysts have recently updated their ratings for Integral Ad Science (NASDAQ:IAS), with three being somewhat bullish and one indifferent. The average 12-month price target is now $17.38, down from $21.83, indicating a 20.38% decrease. Analysts from BMO Capital, Piper Sandler, Morgan Stanley, and Barclays have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Integral Ad Science, a digital ad verification company, has seen a revenue growth of 18.74% over the past three months but struggles with profitability and efficiency, with a net margin of -11.43% and ROE of -1.57%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:01 pm