Streetbeat News

Price Targets

VZ

Wolfe Research analyst Peter Supino has upgraded Verizon Communications (NYSE:VZ) from Peer Perform to Outperform and set a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:36 am

DYN

Raymond James analyst Steven Seedhouse has reaffirmed a Strong Buy rating on Dyne Therapeutics (NASDAQ:DYN) and increased the price target from $27 to $56.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:30 am

DOGEUSD

FLOKIUSD

Floki (FLOKI), a cryptocurrency rival to Dogecoin (DOGE), experienced a 600% increase in its burn rate with over 218 million tokens destroyed in a single day. Concurrently, TokenFi (TOKEN), a related token, locked over 300 million tokens in its staking program for up to four years, representing over 21% of its circulating supply. A crypto analyst, Crypto Tony, suggested that if Dogecoin breaks the resistance level of $0.106, it could trigger a significant price surge for DOGE and subsequently for FLOKI.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 7:28 am

AMC

CALM

LI

SOFI

TSLA

U.S. stocks closed lower on Wednesday, with the Nasdaq Composite down by over 170 points. AMC Entertainment announced exchange agreements and received a price target adjustment from B. Riley Securities. Cal-Maine Foods reported disappointing Q2 results. Li Auto was initiated with a Buy rating by Goldman Sachs. SoFi Technologies was downgraded by Keefe, Bruyette & Woods. Tesla shares fell after comments from GLJ Research's CEO on the affordability of EVs.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 2:00 am

WHD

Cactus Inc (NYSE:WHD) has received mixed analyst ratings over the past three months, with the latest evaluations showing a shift towards a more bullish stance. The average 12-month price target for WHD has decreased by 6.01% to $54.75, with a high estimate of $60.00 and a low of $47.00. Analysts from Stifel, Barclays, Piper Sandler, and B of A Securities have adjusted their price targets and ratings, reflecting their views on the company's market conditions and performance. Cactus's financials indicate strong growth, profitability, and efficient asset and equity management, with a revenue growth rate of 56.04%, a net margin of 18.27%, an ROE of 6.65%, and an ROA of 3.58%. The company's debt-to-equity ratio is also below industry average at 0.04.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

ARRY

Array Technologies (NASDAQ:ARRY) received mixed ratings from 13 analysts, with a shift towards a more bearish sentiment. The average 12-month price target was reduced by 16.12% to $25.08. Analysts from firms like Mizuho, Piper Sandler, and Goldman Sachs adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a revenue decline of -31.96% over the last quarter but maintains strong profitability indicators such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

FSLR

First Solar (NASDAQ:FSLR) has received mixed analyst ratings over the past three months, with a total of 4 bullish, 6 somewhat bullish, and 2 indifferent ratings. The average 12-month price target is $217.75, down from the previous $225.89. Analysts from firms like Mizuho, Jefferies, and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. First Solar is a leading thin-film solar module manufacturer with strong revenue growth and net margin but lagging ROE and ROA compared to industry averages. The company's debt-to-equity ratio is low at 0.09.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) has received mixed ratings from 14 analysts in the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target has dropped significantly from $19.85 to $11.00. Analysts from firms including Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, Raymond James, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon Solar Technologies is a manufacturer of solar technology with a lower market capitalization and revenue challenges, as well as a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

HASI

Hannon Armstrong (NYSE:HASI) received mixed ratings from 5 analysts in the past three months, with an average 12-month price target of $27.8, down from the previous $30.00. The ratings range from 'Buy' to 'Neutral' with price targets varying from $23.00 to $31.00. The company specializes in financing energy-efficiency and renewable-energy projects. Despite a strong net margin of 43.08%, Hannon Armstrong faces revenue challenges with a 19.35% decline and a lower than average ROE of 1.06%. The company's debt-to-equity ratio is 1.78, indicating a balanced approach to debt management.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

MCO

Analysts have provided diverse opinions on Moody's (NYSE:MCO) over the last three months, with recent ratings showing 5 somewhat bullish and 3 indifferent stances. The average 12-month price target for MCO has increased to $375.38, with a high estimate of $455.00 and a low of $318.00. Analysts from firms like BMO Capital, Wells Fargo, Stifel, RBC Capital, Morgan Stanley, Barclays, and JP Morgan have updated their ratings and price targets, reflecting their views on Moody's performance and market conditions. Moody's financial overview shows strong market presence, revenue growth, net margin, ROE, and ROA, but a higher debt-to-equity ratio indicating potential financial challenges.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm