Streetbeat News

Price Targets

REE

REE Automotive's stock is experiencing an uptick following HC Wainwright's initiation of coverage with a Buy rating and a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:12 pm

LEN

JMP Securities analyst Aaron Hecht has maintained a Market Outperform rating on Lennar (NYSE:LEN) and increased the price target from $150 to $170.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:12 pm

ADMA

Cantor Fitzgerald analyst Kristen Kluska has reiterated an Overweight rating on ADMA Biologics (NASDAQ:ADMA) and maintained a price target of $6. This reaffirmation of the stock's potential could influence investor sentiment and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:10 pm

CRNX

Cantor Fitzgerald analyst Josh Schimmer has reiterated an Overweight rating on Crinetics Pharmaceuticals (NASDAQ:CRNX) and maintained a $50 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:08 pm

CIFR

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $6 price target for the company.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:06 pm

LBPH

Cantor Fitzgerald analyst Josh Schimmer has reiterated an Overweight rating on Longboard Pharmaceuticals (NASDAQ:LBPH) and maintained a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:04 pm

CAT

Caterpillar Inc. (NYSE:CAT) has received a mix of bullish and neutral analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 1 indifferent. The 12-month average price target among 5 analysts is $286.4, with a high of $320 and a low of $250. This average has decreased by 4.29% from the previous target of $299.25. Analysts from Stifel, HSBC, Tigress Financial, Goldman Sachs, and JP Morgan have adjusted their price targets and ratings, reflecting their latest views on the company's performance. Caterpillar is a leading manufacturer in heavy equipment and has shown solid revenue growth, high net margin, and strong ROE and ROA, but carries a higher debt-to-equity ratio compared to the industry average.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:01 pm

BECN

Beacon Roofing Supply (NASDAQ:BECN) received mixed ratings from analysts in the last quarter, with an average 12-month price target of $99.00. The high estimate is $119.00 and the low estimate is $80.00. Notably, the average price target increased by 2.33% over the past month. Analysts from Stifel, JP Morgan, Truist Securities, and RBC Capital have adjusted their price targets and ratings, reflecting their views on the company's market dynamics and performance. Beacon Roofing Supply operates in the roofing and building materials industry in the US and Canada, and has shown a revenue growth rate of 7.0% as of September 30, 2023. However, the company faces challenges with a net margin of -10.17%, ROE of -13.93%, and ROA of -4.03%, indicating potential issues in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:01 pm

KVUE

Kenvue (NYSE:KVUE) has received mixed analyst ratings in the last quarter with 1 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target among 4 analysts is $23.75, with a high of $26.00 and a low of $20.00. The current average target has declined by 8.65% from the previous $26.00. Analysts from UBS, Piper Sandler, Goldman Sachs, and JP Morgan have provided updates, with UBS and Piper Sandler maintaining a neutral stance, while Goldman Sachs and JP Morgan have lowered their targets but still suggest a buy/overweight rating. Kenvue, a spin-off from Johnson & Johnson's consumer segment, went public in May 2023 and is a leader in consumer health with $15 billion in annual revenue. Despite a positive revenue trend and strong financial indicators like net margin and ROE, its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:01 pm

LECO

Analysts have provided mixed ratings for Lincoln Electric Holdings (NASDAQ:LECO) in the last quarter, with 1 bullish, 2 indifferent, and 1 bearish. The average 12-month price target is $195.00, a decrease from the previous $201.00. Actions by analysts include both raised and lowered price targets, reflecting changing market conditions and company performance. Lincoln Electric, a leading manufacturer in welding and cutting products, has shown revenue growth but faces challenges in net margin and debt management. The company's ROE and ROA outperform industry averages.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:01 pm