Streetbeat News

Price Targets

EOG

14 financial analysts have recently provided mixed evaluations of EOG Resources (NYSE:EOG), with a range of bullish to indifferent ratings. The average 12-month price target for EOG is now $149.0, down from $154.92, with individual analyst actions including both lowered and raised price targets and ratings. EOG Resources, an oil and gas producer, reported a -19.54% decline in revenue growth as of September 30, 2023, but has strong profitability indicators such as a net margin of 33.21% and ROE of 7.52%. The company's debt-to-equity ratio is also below the industry average, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

WDS

Woodside Energy Group Inc. (NYSE:WDS) shares increased by 0.85% and have risen by 11.29% over the past month, despite a 6.72% decrease over the past year. The company's P/E ratio of 5.68 is lower than the industry average of 9.51, which could indicate that the stock is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

NYCB

New York Community (NYSE:NYCB) has received mixed reviews from 8 analysts in the last three months, with an average 12-month price target of $10.81, down 16.85% from the previous average. Analysts from firms including Wedbush, Keefe, Bruyette & Woods, Citigroup, Morgan Stanley, and Raymond James have adjusted their ratings and price targets, reflecting a cautious outlook on the bank's performance. Despite a significant revenue growth of 203.79% over the past 3 months, NYCB faces challenges with below-average net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

SHLS

Mizuho analyst Maheep Mandloi has reaffirmed a Buy rating on Shoals Technologies Group (NASDAQ:SHLS) and increased the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:58 pm

SEDG

Mizuho analyst Maheep Mandloi reaffirmed a Buy rating on SolarEdge Technologies (NASDAQ:SEDG) and increased the price target from $108 to $119.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:56 pm

NOVA

Mizuho analyst Maheep Mandloi reaffirmed a Buy rating on Sunnova Energy Intl (NYSE:NOVA) and increased the price target from $20 to $25, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:54 pm

SPWR

Mizuho analyst Maheep Mandloi has maintained a Neutral rating on SunPower (NASDAQ:SPWR) and increased the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:51 pm

YOU

Needham analyst Joshua Reilly maintained a Buy rating on Clear Secure, Inc. (NYSE:YOU) with a $40 price target, naming it a 'Top Pick' for 2024 and adding it to the Conviction List. Reilly believes the impact of the Family price increases and the final price increase to $99 per year will be accretive despite potential churn. He anticipates operating leverage and cash flow growth to exceed expectations due to recent investments. The imminent launch of the PreCheck offering is also expected to provide upside. Shares are considered undervalued at 12x EV/FCF based on FY24 estimates, with a projected 25%+ revenue CAGR over several years. Q4 revenue and EPS projections are $166.09 million and $0.17, respectively, with shares trading slightly higher at $20.45.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 6:48 pm

FWBI

Roth MKM analyst Jonathan Aschoff has maintained a Buy rating on First Wave BioPharma (NASDAQ:FWBI) and increased the price target from $11 to $40. This significant adjustment reflects a positive outlook on the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:16 pm

RNA

Wells Fargo analyst Yanan Zhu has reiterated an Overweight rating on Avidity Biosciences (NASDAQ:RNA) and maintained a $50 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:11 pm