Streetbeat News

Price Targets

LPLA

LPL Financial Holdings (NASDAQ:LPLA) received mixed analyst ratings over the past three months, with 3 somewhat bullish and 5 indifferent ratings. The average 12-month price target is $257.38, slightly up from the previous $257.00. Analysts from firms including TD Cowen, Redburn Atlantic, Morgan Stanley, Barclays, JP Morgan, and JMP Securities have provided various ratings and price target adjustments. LPL Financial Holdings is an independent broker/dealer with a positive revenue trend, exceptional net margin, and strong ROE and ROA, indicating robust financial health.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:00 pm

FLNC

In the last three months, 12 analysts have provided ratings on Fluence Energy (NASDAQ:FLNC), with a mix of bullish to bearish sentiments. The average 12-month price target is $26.5, with a high of $33.00 and a low of $18.00. The current average has slightly declined by 0.38% from the previous $26.60. Analysts from firms like B of A Securities, RBC Capital, and Morgan Stanley have raised their price targets, while Barclays and JP Morgan have lowered theirs. Fluence Energy is involved in energy storage and digital applications for renewables, with a majority of revenue from the Americas. It has shown a revenue growth of 52.26% as of September 30, 2023, a net margin of 0.49%, an ROE of 0.82%, and an ROA of 0.22%, with a low debt-to-equity ratio of 0.13.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:00 pm

FMC

FMC (NYSE:FMC) has been evaluated by 15 financial analysts over the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target for FMC is now $72.0, down 25.77% from previous estimates, with a high of $98.00 and a low of $59.00. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment. FMC's financials indicate challenges with a -28.7% revenue decline, a net margin of -0.36%, ROE of -0.11%, ROA of -0.03%, and a high debt-to-equity ratio of 1.25.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:00 pm

EFX

HRT

TRU

Needham analyst Kyle Peterson has maintained a Buy rating on Equifax Inc (EFX) and raised the price target from $230 to $305, naming it the Top Pick for 2024 and adding it to the Needham Conviction List. Peterson expects mortgage rate declines to provide tailwinds for EFX in 2024. EFX's non-mortgage businesses are scaling and showing record growth, which should benefit the company. EFX's data platform and workforce solutions segment are seen as differentiators from competitors like Experian Plc (EXPGY) and TransUnion (TRU). Peterson anticipates EFX shares to significantly outperform in 2024 with a favorable risk-reward at a P/E multiple of 25x his FY25 estimate. EFX shares were up 1.07% at $235.53 on last check.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 7:36 pm

ELVA

Craig-Hallum analyst Eric Stine has maintained a Buy rating on Electrovaya (NASDAQ:ELVA) but has reduced the price target from $14 to $10.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:28 pm

SLP

Craig-Hallum analyst Matt Hewitt has maintained a Buy rating on Simulations Plus (NASDAQ:SLP) and increased the price target from $50 to $51.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:26 pm

FLNC

B of A Securities analyst Julien Dumoulin-Smith has reaffirmed a Buy rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:21 pm

HPP

BMO Capital analyst John Kim has maintained an Outperform rating on Hudson Pacific Properties (NYSE:HPP) and increased the price target from $12 to $13.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:20 pm

KEY

KRE

TFC

USB

XLF

Bank of America analysts are bullish on U.S. banking stocks for 2024, citing a potential soft landing for the economy, lower interest rates, and attractive valuations. The Financial Select Sector SPDR Fund (XLF) and the SPDR S&P Regional Banking ETF (KRE) both saw a 1% increase after the note. Bank of America highlighted several banks with 'Buy' ratings and provided new price objectives, upgrading Truist Financial Corporation (TFC) and emphasizing regional banks like US Bancorp (USB) and KeyCorp (KEY) among others.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 7:11 pm

DG

Barclays analyst Seth Sigman upgraded Dollar General Corporation (NYSE:DG) to Overweight from Equal Weight and raised the price target to $154 from $124. Sigman anticipates a margin recovery through 2024 and potential sales improvements from operational enhancements. Despite addressing inventory issues, the sales outlook remains uncertain due to inflation and consumer behavior. The 2024 EPS forecast was lowered to $7.04, while the 2025 EPS estimate was increased to $8.54. DG shares rose 3.19% to $135.47 following the upgrade.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 7:10 pm