Streetbeat News

Price Targets

MU

Keybanc analyst John Vinh has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and increased the price target from $90 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:30 am

KMX

CarMax, Inc. (NYSE:KMX) is expected to report higher Q3 earnings with an estimate of 44 cents per share, up from 24 cents per share a year ago. Revenue is projected at $6.33 billion. Despite a revenue decline in Q2 FY24, CarMax beat estimates. The stock closed down 2.6% at $74.68. Analysts have recently adjusted price targets, with JP Morgan cutting from $70 to $60, Wedbush from $90 to $80, Truist Securities holding at $72, Stephens & Co. from $78 to $70, and Baird from $96 to $88.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 6:09 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a dramatic 28,350% increase in its burn rate with over 6.3 million SHIB tokens sent to a dead wallet. This follows a partnership with D3 Global to acquire the .shib domain, aiming to boost global adoption. SHIB's price rose 1.76% to $0.000010.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:59 am

BLK

FDX

NDAQ

The cryptocurrency market showed mixed results as Bitcoin, Ethereum, and Dogecoin experienced varied trading performances. A meeting between BlackRock, Nasdaq, and the SEC discussed the potential listing of a spot bitcoin ETF on Nasdaq. Meanwhile, the stock market declined with the S&P 500 and Nasdaq Composite both falling. Analysts predict Bitcoin could reach $160,000 by 2024 due to factors like ETF demand, the halving event, and macroeconomic conditions. On-chain data indicates a bullish trend for Bitcoin with the potential to surpass $45,000.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:02 am

SEIC

SEI Investments (NASDAQ:SEIC) has received mixed analyst ratings over the past quarter, with 8 analysts offering diverse opinions. The average 12-month price target is $62.62, down from $63.38, with a high estimate of $68.00 and a low of $58.00. Analysts from firms like Piper Sandler and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. SEI Investments provides investment services and has over $1.2 trillion in assets under management. The company's financials show a revenue growth rate of 1.15%, a net margin of 24.26%, an ROE of 5.63%, an ROA of 4.9%, and a low debt-to-equity ratio of 0.01.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:00 pm

KIM

Analysts have provided mixed reviews on Kimco Realty (NYSE:KIM) over the past three months, with recent ratings ranging from bullish to indifferent. The average 12-month price target is $22.44, with high and low estimates of $26.00 and $20.00, respectively. Key analysts from Piper Sandler, Stifel, and Truist Securities have adjusted their ratings and price targets, reflecting their views on the company's market dynamics and performance. Kimco Realty, a large REIT with interests in 5,282 shopping centers, has shown a revenue growth of 2.92% and a high net margin of 25.1%, but a lower than average ROE of 1.17% and an above-average ROA of 0.62%. The company's debt-to-equity ratio is 0.75.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:00 pm

AFRM

GME

WMT

Jim Cramer highlighted Affirm Holdings Inc (AFRM) on CNBC's 'Squawk On The Street,' noting its 100% rise over the past month and 420% since the year's start, partly due to its expanded payment services at Walmart (WMT). He compared AFRM to GameStop (GME), calling it 'GameStop with profits' and pointing out its high short interest of 25.34%. Despite concerns over loan delinquencies and rising rates, Affirm has few bad loans and may benefit from potential rate cuts. Mizuho raised its price target for AFRM from $30 to $65, which Cramer believes will attract retail traders aiming for a short squeeze.

Portfolio Pulse from Adam Eckert

December 20, 2023 | 8:53 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a 2.8% increase during Wednesday's trading after announcing a collaboration with D3 Global for the .shib domain. Despite the news, SHIB's value remained relatively stable, continuing the sideways trend from the weekend's volatility. Technical analysis suggests SHIB may consolidate further before establishing a new trend, with key resistance at $0.00001081 and support at $0.00000966.

Portfolio Pulse from Melanie Schaffer

December 20, 2023 | 8:28 pm

ZIMV

JP Morgan analyst Robbie Marcus has maintained a Neutral rating on ZimVie (NASDAQ:ZIMV) and increased the price target from $10 to $16.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:27 pm

TXT

JP Morgan analyst Seth Seifman has maintained a Neutral rating on Textron (NYSE:TXT) and increased the price target from $84 to $85.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:25 pm