Streetbeat News

Price Targets

COHR

Needham analyst Jim Ricchiuti has reiterated a Buy rating on Coherent Corp. (NYSE:COHR) and raised the price target from $46 to $52. Despite macro headwinds in the Industrial sector, COHR is expected to see improvements in CY24. The company anticipates double-digit growth in the semi-cap business and a 70% increase in the excimer laser business from 2023-2028. COHR views the cutting market in China as a growth opportunity, contrasting with other western fiber laser companies. The overall TAM for Industrial is estimated at $22 billion with a 9% CAGR over five years, while Communications has a 16% CAGR with an estimated TAM of $23 billion. FY24 EPS is expected to be $1.20 with revenue estimates raised to $4.598 billion. COHR shares dropped by 1.75% to $43.34.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 7:25 pm

BCYC

Needham analyst Ami Fadia has maintained a Buy rating on Bicycle Therapeutics (NASDAQ:BCYC) but has reduced the price target from $46 to $43.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:25 pm

ROKU

Roku (NASDAQ:ROKU) has been rated by 8 analysts in the last quarter, with 1 bullish, 1 somewhat bullish, 5 indifferent, and 1 bearish rating. The average price target is $80.12, which is below the current price of $99.92, indicating a potential downside. This target has decreased by 1.29% from the previous target of $81.17. Analysts' ratings are based on company financials, future earnings predictions, and industry research.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:01 pm

VNO

Vornado Realty (NYSE:VNO) has received 7 analyst ratings in the last quarter, with an average price target of $22.29, which is 29.59% higher than the previous target of $17.20 but still implies a downside from the current price of $31.2. The ratings consist of 2 indifferent, 2 somewhat bearish, and 3 bearish ratings. Analysts typically review stocks quarterly or after major company updates, considering financial performance and market risks.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:01 pm

FSLR

First Solar (NASDAQ:FSLR) has received 13 analyst ratings in the last quarter with an average price target of $218.69, representing an upside from the current price of $164.68. The new average price target is a 3.45% decrease from the previous target of $226.50. Ratings include 3 bullish, 6 somewhat bullish, and 4 indifferent, with no bearish ratings. Analysts rate stocks based on research and may provide forecasts for company performance.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:00 pm

PECO

Phillips Edison (NASDAQ:PECO) has received 3 indifferent and 2 somewhat bearish analyst ratings in the last quarter, with no bullish sentiment. The average analyst price target is $35.6, which is below the current price of $37.25, suggesting a potential downside. This target is a slight decrease from the previous target of $35.75.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:00 pm

JBL

Over the past 3 months, 9 Wall Street analysts have provided ratings for Jabil (NYSE:JBL), with 6 being bullish and 3 somewhat bullish. There were no indifferent, somewhat bearish, or bearish ratings. The average price target is $138.33, representing an upside from the current price of $136.15. This target has increased by 6.0% from the previous target of $130.50. Analysts typically review stocks quarterly and may adjust their predictions based on various financial metrics and company performance.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:00 pm

NCLH

Norwegian Cruise Line (NYSE:NCLH) has received 9 analyst ratings in the last quarter, with an average 12-month price target of $18.39, a decrease of 12.68% from the previous target of $21.06. The ratings include 1 bullish, 1 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 0 bearish. The high price target is $32.00 and the low is $13.50.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:00 pm

MBLY

RBC Capital analyst Tom Narayan has maintained an Outperform rating on Mobileye Global (NASDAQ:MBLY) and increased the price target from $53 to $54.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 6:48 pm

CBAY

HC Wainwright & Co. analyst Ed Arce has reaffirmed a Buy rating on CymaBay Therapeutics (NASDAQ:CBAY) and increased the price target from $24 to $28, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 6:43 pm