Streetbeat News

Price Targets

AMD

INTC

MU

NVDA

Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Advanced Micro Devices Inc (AMD) and increased the price target from $137 to $157. The upgrade is based on higher revenue and EPS estimates for 2024 and 2025, reflecting broad-based adoption of AMD's MI300 Data Center GPU. Hari also sees potential benefits for Nvidia, Arm Holdings, Broadcom, Marvell Technology, Credo Technology, Micron Technology, and Intel from data center AI infrastructure build-out and PC volume growth. AMD's stock traded slightly lower at $138.56.

Portfolio Pulse from Anusuya Lahiri

December 18, 2023 | 5:29 pm

VRDN

HC Wainwright & Co. analyst Douglas Tsao has reiterated a Buy rating on Viridian Therapeutics (NASDAQ:VRDN) and maintained a $37 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:20 pm

WING

TD Cowen analyst Andrew Charles has maintained an Outperform rating on Wingstop (NASDAQ:WING) and increased the price target from $260 to $275.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:18 pm

ADBE

Barclays analyst Saket Kalia upgraded Adobe (NASDAQ:ADBE) from Equal-Weight to Overweight and increased the price target from $680 to $700, signaling a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:15 pm

OLED

B of A Securities analyst Simon Woo upgraded Universal Display (NASDAQ:OLED) from Neutral to Buy and increased the price target from $160 to $250.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:13 pm

SNAP

Snap Inc. (NYSE:SNAP) shares are trending higher after Guggenheim upgraded the stock from Neutral to Buy and raised the price target from $9 to $23. The upgrade was based on the growth of Snapchat+ and stable demand from its core user base. Snap CEO Evan Spiegel's 2024 outlook memo set a goal of $500 million in non-advertising revenue. Wells Fargo also upgraded Snap last week, and the stock has set a new 52-week high. Snap is trending among retail investors and is trading above its 50-day moving average, with a significant portion of shares sold short.

Portfolio Pulse from Erica Kollmann

December 18, 2023 | 5:13 pm

WCN

Oppenheimer analyst Colin Rusch has maintained an Outperform rating on Waste Connections (NYSE:WCN) and increased the price target from $146 to $154.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:08 pm

DRI

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Darden Restaurants (NYSE:DRI) and maintained a price target of $185.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:06 pm

BIIB

Oppenheimer analyst Jay Olson has maintained an Outperform rating on Biogen (NASDAQ:BIIB) and increased the price target from $280 to $295.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:05 pm

SWKS

Mizuho analyst Vijay Rakesh has maintained a Buy rating on Skyworks Solutions (NASDAQ:SWKS) and increased the price target from $108 to $125, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:02 pm