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Price Targets

IBM

IBM (NYSE:IBM) has received mixed analyst ratings over the past three months, with 7 analysts offering diverse opinions. The average 12-month price target is $152.43, with a high of $180.00 and a low of $130.00, marking a 3.73% decrease from the previous average target of $158.33. Analysts' actions include maintaining, raising, and lowering ratings and price targets. IBM's financials show a market cap above industry average, a revenue growth of 4.58%, a net margin of 11.55%, an ROE of 7.53%, but a lower-than-average ROA of 1.3% and a high debt-to-equity ratio of 2.54.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

PAYC

Paycom Software (NYSE:PAYC) has been rated by 15 analysts in the last three months, with a diverse range of perspectives. The average 12-month price target for PAYC has decreased by 37.44% to $222.6 from the previous $355.82. Analysts from firms including Jefferies, Piper Sandler, UBS, B of A Securities, Mizuho, Barclays, BMO Capital, Citigroup, Stifel, TD Cowen, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Paycom, established in 1998, is a provider of payroll and HCM software. Financially, Paycom has shown strong revenue growth and net margin but a lower ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

BALY

Analysts have mixed views on Ballys (NYSE:BALY), with recent ratings ranging from bullish to bearish. Over the last quarter, there have been 2 bullish, 2 indifferent, and 1 somewhat bearish rating. In the past 30 days, one analyst has maintained an 'Underweight' rating with a $10.00 price target, while three others have lowered their price targets, with an average target now at $11.8, down from the previous $15.4. Ballys's financials show a revenue growth of 9.38% over 3 months but lag behind industry averages in net margin, ROE, and ROA, and have a high debt-to-equity ratio of 5.42.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

BOOT

Boot Barn Holdings (NYSE:BOOT) has been evaluated by 4 analysts over the last three months, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target is now $98.75, down from $118.00, with a high estimate of $108.00 and a low of $92.00. Analysts from UBS, B. Riley Securities, Piper Sandler, and Citigroup have provided recent evaluations, with two lowering their price targets. Boot Barn Holdings operates specialty retail stores and has shown a revenue growth of 6.52% as of September 30, 2023, a net margin of 7.39%, but an ROE below industry averages at 3.32%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

BKE

UBS analyst Mauricio Serna has downgraded Buckle (NYSE:BKE) from Neutral to Sell and reduced the price target from $37 to $34, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:59 pm

COLM

UBS analyst Jay Sole has downgraded Columbia Sportswear (NASDAQ:COLM) from Neutral to Sell and reduced the price target from $76 to $62, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:55 pm

TGI

Barclays analyst Kannan Venkateshwar has upgraded Triumph Group (NYSE:TGI) from Equal-Weight to Overweight and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:53 pm

OCFC

Raymond James analyst Daniel Tamayo upgraded OceanFirst Financial (OCFC) from Market Perform to Outperform and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:51 pm

IBTX

Raymond James analyst Michael Rose has upgraded Independent Bank Gr (NASDAQ:IBTX) from Market Perform to Outperform and set a price target of $56.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:49 pm

OZK

Raymond James analyst Michael Rose has upgraded Bank OZK (NASDAQ:OZK) from Market Perform to Outperform and set a price target of $58.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:48 pm