Streetbeat News

Price Targets

EFX

Equifax (NYSE:EFX) has been analyzed by 11 experts in the last quarter, with 5 bullish, 1 somewhat bullish, and 5 indifferent ratings. The average 12-month price target is $231.73, with a high of $315.00 and a low of $195.00. The average price target has increased by 9.57% over the past month. Analysts from firms like Jefferies, Wells Fargo, Deutsche Bank, Goldman Sachs, Citigroup, Truist Securities, Morgan Stanley, and Needham have updated their ratings and price targets, reflecting their views on the company's market conditions and performance. Equifax's financial performance shows a revenue growth rate of 6.01%, a net margin of 12.3%, an ROE of 3.82%, an ROA of 1.36%, and a debt-to-equity ratio of 1.4.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:00 pm

SPXL

SPXS

SPY

Goldman Sachs' chief equity strategist David Kostin has raised the year-end target for the S&P 500 index in 2024 to 5,100, indicating a 7% rise from current levels and a new all-time high. This contrasts with Cleveland Fed President Loretta Mester's caution against the recent market rally. The SPDR S&P 500 ETF (SPY) is showing bullish signs, attempting to break out from a bull flag pattern. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly, respectively.

Portfolio Pulse from Melanie Schaffer

December 18, 2023 | 6:54 pm

AAPL

Wedbush analyst Daniel Ives maintained an Outperform rating on Apple Inc (AAPL) with a price target of $250, predicting Apple to be the first $4 trillion market cap company by end of 2024. Ives highlighted strong iPhone 15 demand in the US and China, a robust holiday season, and a steady Services revenue growth. He dismissed concerns about iPhone bans in China and noted Apple's production shift from China to India. Ives projected Q1 revenue and EPS of $117.96 billion and $2.10, respectively, and sees the Services business alone worth $1.5 to $1.6 trillion.

Portfolio Pulse from Anusuya Lahiri

December 18, 2023 | 6:18 pm

ARDX

Raymond James initiated coverage of Ardelyx Inc (NASDAQ: ARDX) with a Strong Buy rating and a price target of $12. Ardelyx's Ibsrela, in its second year of launch, is expected to generate $77 million in FY23. The company has also launched Xphozah for hyperphosphatemia after a successful appeal process. The positive reception of Ibsrela and the clean label of Xphozah without significant safety issues are likely to contribute to a smoother launch trajectory for Xphozah. ARDX shares rose 5.57% to $6.239.

Portfolio Pulse from Vandana Singh

December 18, 2023 | 6:14 pm

SWKS

Skyworks Solutions (NASDAQ:SWKS) received mixed analyst ratings over the past quarter with 2 bullish, 4 somewhat bullish, 2 indifferent, and 1 bearish. The average 12-month price target among 9 analysts is $109.11, down from the previous average of $123.25, indicating a negative sentiment shift. Analysts from firms including Mizuho, Rosenblatt, Piper Sandler, Susquehanna, Morgan Stanley, Keybanc, Citigroup, and Exane BNP Paribas have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Skyworks Solutions, a semiconductor producer for wireless connectivity, faces challenges with a -13.37% revenue decline, below-average net margin, ROE, and ROA, but maintains a prudent debt management with a debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 6:00 pm

WEC

Analysts have provided various ratings for WEC Energy Group (NYSE:WEC) in the last quarter, with an average 12-month price target of $87.22, a decrease from the previous $91.50. Ratings range from bullish to somewhat bearish, with no bearish ratings. Analyst actions include both raised and lowered price targets and ratings. WEC Energy Group operates in the electric and gas utility sector and has shown strong financial performance with a high net margin and ROE, but faced a slight revenue decline in the last 3 months.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 6:00 pm

KLAC

KLA (NASDAQ:KLAC) has received mixed analyst ratings in the last 3 months, with 1 bullish and 3 indifferent ratings. The average 12-month price target is $565.00, with a high of $730.00 and a low of $480.00. Notably, the average price target has increased by 12.55% over the past month. Analysts from New Street Research, Redburn Atlantic, Morgan Stanley, and UBS have provided recent updates, with actions ranging from 'Buy' to 'Neutral' and adjustments to price targets. KLA is a major player in the semiconductor process control market and has shown strong profitability with a net margin of 30.93% and an ROE of 25.09%, but it has experienced a revenue decline of -12.02% in the last quarter and carries a high debt-to-equity ratio of 2.03.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 6:00 pm

ADBE

Adobe Inc.'s stock (ADBE) is experiencing an uptick following an upgrade by Barclays from Equal-Weight to Overweight, accompanied by a price target increase from $680 to $700.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:56 pm

TROX

Tronox Holdings PLC (NYSE:TROX) received an upgrade from BMO Capital Markets to Outperform from Market Perform, with a new price target of $18, up from $11. Analyst John P. McNulty anticipates a strong rebound for TROX in 2024 due to the end of destocking, improving demand, and potential benefits from EU China dumping restrictions. McNulty expects volume increases and a gradual price improvement by Q4 2024, with a significant rebound in earnings and cash flows, particularly in the second half of FY24.

Portfolio Pulse from Lekha Gupta

December 18, 2023 | 5:42 pm

KD

Kyndryl's stock (KD) has seen a positive shift in market sentiment after JP Morgan upgraded the stock from Neutral to Overweight and increased the price target from $20 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:33 pm