Streetbeat News

Price Targets

CART

Wedbush has maintained a Neutral rating for Maplebear (NASDAQ:CART), also known as Instacart, and lowered its price target from $30.00 to $26.00. Despite this, Maplebear's shares have seen a slight increase of 0.08% over the last 24 hours, trading at $24.21. The new price target suggests a potential upside of 7.39% from the current share price. Instacart operates as an online grocery pickup and delivery service in the US and Canada, earning revenue through transaction fees and advertising.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:00 pm

BLTE

HC Wainwright & Co. analyst Yi Chen has reiterated a Buy rating on Belite Bio (NASDAQ:BLTE) and maintained a price target of $59. This endorsement from the analyst could influence investor sentiment and potentially impact the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:45 pm

CYTK

HC Wainwright & Co. analyst Joseph Pantginis has reaffirmed a Buy rating on Cytokinetics (NASDAQ:CYTK) and increased the price target from $58 to $94, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:36 pm

VERA

HC Wainwright & Co. analyst Ed Arce has reiterated a Buy rating on Vera Therapeutics (NASDAQ:VERA) and maintained a $25 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:21 pm

ORGO

Shares of Organogenesis Holdings are trading higher following BTIG's reaffirmation of a Buy rating and an increase in the price target from $4 to $6.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:18 pm

SPY

Ed Yardeni, president of Yardeni Research, is bullish on the S&P 500 for the upcoming year, citing 12 reasons for optimism. These include interest rate normalization, strong consumer purchasing power, record household wealth, high labor demand, onshoring trends, a recovering housing market, strong corporate cash flows, transitory inflation, technological advancements boosting productivity, the need to rethink economic indicators, containment of global risks, and a vision of a 'Roaring 2020s' era of growth. Yardeni sets a 5,400-point target for the S&P 500 in 2024.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 3:57 pm

AAPL

Apple's M3 Pro MacBook Pro 14-inch with 36GB RAM is available for a record-low price of $1,999 after a $400 discount using an exclusive coupon code APINSIDER at Adorama. The offer also includes a $50 discount on three years of AppleCare. The deal is expected to be popular and inventory may be limited, with units expected to ship on Dec. 30.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:51 pm

NPCE

NeuroPace (NASDAQ:NPCE) has received mixed analyst ratings over the past quarter, with a recent shift towards a more bullish outlook. The average 12-month price target is now $9.67, up 27.24% from the previous $7.60, with a high estimate of $12.00 and a low of $8.00. Analysts from firms including Lake Street, Morgan Stanley, Cantor Fitzgerald, JP Morgan, and Wells Fargo have maintained or raised their ratings and price targets. NeuroPace is a medical device company with significant revenue growth and market capitalization but faces challenges with net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:00 pm

LYFT

Lyft (NASDAQ:LYFT) has been evaluated by 6 analysts over the last three months, with a mix of indifferent (5) and bearish (1) ratings. The average 12-month price target for Lyft is $11.08, up from $10.80, with a high estimate of $14.00 and a low of $7.00. Analysts from firms including Wedbush, Morgan Stanley, Truist Securities, Wells Fargo, and MoffettNathanson have updated their price targets and ratings, with most maintaining a neutral stance and one issuing a sell rating. Lyft's financials show a positive revenue trend with a growth rate of 9.84% as of September 30, 2023, but a lower growth rate compared to the Industrials sector average. The company has an exceptional net margin of -1.05%, an impressive ROE of -2.83%, and an ROA of -0.27%, with a debt-to-equity ratio of 2.23.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:00 pm