Streetbeat News

Price Targets

LITE

Stifel analyst Ruben Roy has reaffirmed a Buy rating on Lumentum Holdings (NASDAQ:LITE) and increased the price target from $55 to $62, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:43 pm

IPGP

Stifel analyst Ruben Roy has reaffirmed a Buy rating on IPG Photonics (NASDAQ:IPGP) and increased the price target from $120 to $130.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:40 pm

CMG

Stephens analyst Joshua Long has reiterated an Overweight rating on Chipotle Mexican Grill, Inc. (CMG) and raised the price target from $2,330 to $2,800. The analyst cites steady same-store sales trends, stronger traffic, successful promotions, and stable food costs as positive factors. The EPS estimates for Q4 2023 and FY 2024 have been increased to $9.24 and $55.15, respectively. Despite the positive outlook, CMG shares dropped by 1.87% in the last check.

Portfolio Pulse from Nabaparna Bhattacharya

January 02, 2024 | 7:39 pm

INTC

Stifel analyst Ruben Roy has maintained a Hold rating on Intel Corporation (NASDAQ:INTC) and increased the price target from $38 to $45, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:36 pm

SMTC

Stifel analyst Tore Svanberg has maintained a Buy rating on Semtech (NASDAQ:SMTC) and increased the price target from $22 to $26, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:27 pm

SLAB

Stifel analyst Tore Svanberg has reaffirmed a Buy rating on Silicon Laboratories (NASDAQ:SLAB) and increased the price target from $136 to $155, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:25 pm

SITM

Stifel analyst Tore Svanberg has reaffirmed a Buy rating on SiTime (NASDAQ:SITM) and increased the price target from $135 to $150.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:23 pm

SPOT

Benchmark analyst Mark Zgutowicz has maintained a Buy rating on Spotify Technology (NYSE:SPOT) and increased the price target from $202 to $260.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:19 pm

PDD

Benchmark analyst Fawne Jiang has maintained a Buy rating on PDD Holdings (NASDAQ:PDD) and increased the price target from $190 to $215.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:14 pm

SNOW

Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Snowflake Inc (SNOW) with a price target of $240, citing multiple tailwinds for 2024. These include an improving macro environment, less cloud optimization, Federal vertical market presence, new products, and AI/ML adoption. Despite a 46% increase in shares in 2023, Kidron believes the current price doesn't fully capture the upside. SNOW trades at a premium compared to peers, justified by high growth and FCF margin. Q4 revenue and EPS are projected at $757.4 million and $0.14, respectively. SNOW shares recently dropped by 5.07% to $188.91.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 7:09 pm