Streetbeat News

Price Targets

LLY

Options market analysis shows a bullish sentiment towards Eli Lilly (NYSE:LLY), with 56% of traders being bullish. Significant options trades have been observed, with a focus on strike prices ranging from $300 to $630. Eli Lilly's stock is slightly down at $568.35 with potential oversold conditions. Analysts have set an average price target of $630, with Truist Securities giving a 'Buy' rating with a $650 target and Daiwa Capital rating it 'Outperform' with a $610 target.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 6:00 pm

ARM

Rosenblatt has reaffirmed its Buy rating on ARM Holdings (NASDAQ:ARM) and increased its price target from $85.00 to $110.00. ARM Holdings' shares are currently up 1.42% at $73.32. The new price target suggests a potential upside of 50.03%. ARM Holdings is a leading IP owner in smartphone CPUs and other battery-powered devices, licensing its ARM architecture to companies like Apple and Qualcomm.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

SKWD

BMO Capital has maintained its Market Perform rating for Skyward Specialty (NASDAQ:SKWD) and increased its price target from $29.00 to $31.00. Despite the upgrade, the new target suggests a potential downside of 8.15% from the current trading price of $33.75. Skyward Specialty is a specialty insurance company offering a range of commercial property and casualty products.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

ARM

Analysts have provided mixed ratings for ARM Holdings (NASDAQ:ARM) with a shift towards a more bearish sentiment over the past three months. The average 12-month price target has been decreased by 7.93% to $66.75. ARM Holdings has shown strong revenue growth of 27.94% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by below industry benchmarks for net margin, ROE, and ROA. The company has a low debt-to-equity ratio, suggesting a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

WGO

DA Davidson has maintained a Neutral rating for Winnebago Industries (NYSE:WGO) but raised its price target from $60.00 to $64.00. Despite the increase in the price target, it still represents an 11.37% decrease from the current trading price of $72.21. Winnebago, known for manufacturing recreational vehicles, has seen significant growth and diversification, with towables comprising 79% of RV unit volume in fiscal 2023.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

AMD

AVGO

INTC

LRCX

MPWR

MU

NVDA

SMH

SOXX

The semiconductor industry, tracked by the iShares Semiconductor ETF (SOXX), has seen a 66% increase in 2023, reaching new all-time highs. The VanEck Semiconductor ETF (SMH) and companies like Nvidia (NVDA), AMD, Broadcom (AVGO), Lam Research (LRCX), Intel (INTC), Monolithic Power Systems (MPWR), and Micron Technology (MU) have also seen significant gains. However, concerns arise as the SOXX ETF shows overbought signals and semiconductor stocks trade at high valuations, with some trading at over 50 times forward earnings. Analysts' price targets suggest that the expected growth may already be priced in.

Portfolio Pulse from Piero Cingari

December 26, 2023 | 4:48 pm

MPWR

Monolithic Power Systems' stock (MPWR) is trading higher following an upgrade in price target from $550 to $750 by Rosenblatt, which maintained a Buy rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 4:27 pm

SSYS

Needham analyst James Ricchiuti has reiterated a Buy rating on Stratasys (NASDAQ:SSYS) and maintained a price target of $16. This reaffirmation of the company's stock rating and price target suggests continued confidence in Stratasys' performance and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 4:06 pm

HALO

Morgan Stanley analyst Vikram Purohit has maintained an Overweight rating on Halozyme Therapeutics (NASDAQ:HALO) but reduced the price target from $61 to $59.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 3:46 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, TSLA, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Traders are advised to monitor these stocks closely and adjust strategies according to market conditions. The memo also highlights the importance of volume monitoring and staying adaptable to market shifts.

Portfolio Pulse from RIPS

December 26, 2023 | 3:45 pm