Streetbeat News

Price Targets

CTSH

Societe Generale analyst Richard Nguyen downgraded Cognizant Tech Solns (CTSH) from Hold to Sell and set a price target of $67. The downgrade reflects a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:09 pm

MBLY

Needham analyst Quinn Bolton has maintained a Buy rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $43 to $36.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:07 pm

PHAT

Needham analyst Joseph Stringer has reaffirmed a Buy rating on Phathom Pharmaceuticals (NASDAQ:PHAT) and increased the price target from $23 to $26.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:05 pm

MCRI

Stifel analyst Jeffrey Stantial has downgraded Monarch Casino & Resort (NASDAQ:MCRI) from Buy to Hold and set a price target of $70.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:05 pm

BYD

Stifel analyst Steven Wieczynski has downgraded Boyd Gaming (NYSE:BYD) from Buy to Hold and set a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:02 pm

MAN

ManpowerGroup (NYSE:MAN) received mixed analyst ratings in the latest quarter, with 3 indifferent and 1 somewhat bearish. The average 12-month price target is $76.00, down from the previous $83.33. Analysts from Exane BNP Paribas, Truist Securities, BMO Capital, and UBS have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. ManpowerGroup faces challenges with revenue growth, net margin, ROE, and ROA, all below industry standards, but has a positive debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm

ICE

Analysts have updated their ratings on Intercontinental Exchange (NYSE:ICE) with 7 new ratings over the past three months, showing a positive sentiment shift. The average 12-month price target has increased to $137.86, with individual analysts adjusting their targets and ratings. ICE's financials indicate strong revenue growth and net margin, but challenges in asset utilization and debt management. The company is a major operator of financial exchanges and data services, with significant market capitalization.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm

URI

United Rentals (NYSE:URI) has received mixed analyst ratings over the past three months, with a recent shift towards a more bearish stance in the last 30 days. The average 12-month price target for URI has increased to $562.75, up from $496.00, with a high estimate of $650.00 and a low of $485.00. Analysts from Exane BNP Paribas, Stifel, Citigroup, and UBS have updated their ratings and price targets, reflecting changes in market dynamics and company performance. United Rentals is the largest equipment rental company, with a strong market position, revenue growth, net margin, ROE, and ROA, and a sound financial structure with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm

OKTA

Okta (NASDAQ:OKTA) has been the subject of diverse analyst opinions, with 25 analysts offering ratings in the last three months. The average 12-month price target for Okta is now $88.28, down from $92.67, with a high estimate of $110.00 and a low of $70.00. Several analysts have adjusted their ratings and price targets, with actions ranging from 'Maintains' to 'Lowers'. Okta's financials show a positive revenue trend with a growth rate of 21.41% as of October 31, 2023, but a net margin of -13.87% and an ROE of -1.42%. The company's debt-to-equity ratio is 0.25.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm

TV

Grupo Televisa (NYSE:TV) was analyzed by 4 analysts, showing a decrease in the average 12-month price target from $6.88 to $5.85, a 14.97% drop. Analysts' ratings range from 'Buy' to 'Equal-Weight', with price target adjustments reflecting recent company performance and market conditions. Grupo Televisa's financials indicate challenges with a -4.86% revenue decline and a net margin of -5.01%, but strong ROE and ROA figures. The company is smaller than industry peers, with a market cap below average and plans to spin off several businesses.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm