Streetbeat News

Price Targets

PSA

Truist Securities has reaffirmed its Buy rating on Public Storage (NYSE:PSA) and increased its price target from $285.00 to $315.00. Public Storage's stock is currently trading at $305.78, up 0.16% from the previous day. The new price target suggests a potential upside of 3.02% from the current price. Public Storage is the largest owner of self-storage facilities in the U.S. and has interests in the European market through Shurgard Self Storage.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:00 pm

SEE

Mizuho has maintained a Neutral rating for Sealed Air (NYSE:SEE) and increased its price target from $36.00 to $40.00. Sealed Air's shares are currently trading at $36.34, and the new price target suggests a potential upside of 10.07%. Sealed Air operates in food packaging and industrial/e-commerce packaging solutions.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:00 pm

CERE

JP Morgan has maintained a Neutral rating for Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) but raised its price target from $25.00 to $45.00. Cerevel's shares are currently trading at $42.50, and the new price target suggests a potential upside of 5.88%. Cerevel focuses on developing treatments for neuroscience diseases with a diversified pipeline of clinical and preclinical therapies.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:00 pm

MTCH

Keybanc has maintained its Overweight rating on Match Group (NASDAQ:MTCH) but reduced its price target from $56.00 to $48.00. Match Group's shares are currently trading at $35.82, and the new price target suggests a potential upside of 34.0%. Match Group, known for its portfolio of online dating services including Tinder and OkCupid, generates most of its revenue from user fees.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:00 pm

BCTX

HC Wainwright & Co. analyst Emily Bodnar has reiterated a Buy rating on BriaCell Therapeutics (NASDAQ:BCTX) and maintained an $18 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 4:30 pm

QUAL

QUS

SPHQ

State Street Global Advisors recommends quality U.S. equities for gains in 2024, despite challenges like high interest rates and soft demand outlook. They suggest that high-quality companies with stable earnings and strong balance sheets will outperform. Three ETFs to consider are SPDR MSCI USA Strategic Factors ETF (QUS), iShares MSCI USA Quality Factor ETF (QUAL), and Invesco S&P 500 Quality ETF (SPHQ), which focus on quality-centric upside with a defensive bias.

Portfolio Pulse from Surbhi Jain

December 28, 2023 | 3:14 pm

NEO

Seven analysts have recently updated their ratings on NeoGenomics (NASDAQ:NEO), with a mix of bullish and indifferent stances. The average 12-month price target is now $18.14, down from the previous $19.00. Analysts from firms including Needham, Morgan Stanley, Goldman Sachs, and Piper Sandler have maintained or adjusted their ratings and price targets. NeoGenomics operates cancer-focused genetic testing labs and has shown a revenue growth of 17.99% as of September 30, 2023, but struggles with net margin and ROE. The company's debt-to-equity ratio is below industry average, indicating less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:00 pm

BITQ

BTBT

CIFR

COIN

MSTR

PLTR

TSLA

Bitcoin SV surged 51%, outperforming Bitcoin and Ethereum. Microstrategy's increased Bitcoin holdings prompted Canaccord Genuity to raise its price target. Ark Invest bought ProShares Bitcoin ETF shares and sold Coinbase, Block, and Palantir shares. In other markets, Bit Digital and Cipher Mining stocks moved higher. US politics and economy saw developments, including corporate default warnings from Fitch and a recession forecast by Peter Schiff. Tech giants like Google, Apple, and Microsoft made headlines with AI and security updates. In the EV sector, Tesla and Xiaomi made news, while Ford recalled F-Series cars. Credit Suisse was fined by Singapore, and New Fortress Energy secured a significant contract in Brazil.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 2:10 pm

NEO

Needham analyst Mike Matson has reiterated a Buy rating on NeoGenomics (NASDAQ:NEO) and maintained a $21 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:05 pm

EXR

Analysts have provided mixed reviews on Extra Space Storage (NYSE:EXR) over the past three months, with 8 analysts offering ratings that range from bullish to bearish. The average 12-month price target is $146.12, with a high of $168.00 and a low of $115.00, reflecting a slight decrease of 0.4% in the average target. Analysts from firms like Truist Securities, Goldman Sachs, Morgan Stanley, Wells Fargo, Stifel, B of A Securities, and Raymond James have updated their ratings and price targets. Extra Space Storage is a REIT with a strong market presence, positive revenue growth, and solid net margin, but a below-average ROE.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:00 pm