Streetbeat News

Price Targets

ETSY

Guggenheim analyst Steven Forbes has reaffirmed a Buy rating on Etsy (NASDAQ:ETSY) and increased the price target from $75 to $95.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:59 pm

AFRM

Truist Securities analyst Andrew Jeffrey has reaffirmed a Buy rating on Affirm Holdings (NASDAQ:AFRM) and increased the price target from $33 to $55.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:57 pm

FTCI

Northland Capital Markets analyst Donovan Schafer has maintained a 'Market Perform' rating on FTC Solar (NASDAQ:FTCI) and increased the price target from $0.65 to $1.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:56 pm

WEST

Stifel analyst Matthew Smith has maintained a Buy rating on Westrock Coffee (NASDAQ:WEST) and increased the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:54 pm

APLS

Citigroup analyst Yigal Nochomovitz has maintained a Buy rating on Apellis Pharmaceuticals (NASDAQ:APLS) but has reduced the price target from $70 to $67.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:51 pm

MU

Stifel analyst Brian Chin has maintained a Hold rating on Micron Technology (NASDAQ:MU) and increased the price target from $72 to $76.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:50 pm

PXD

Pioneer Natural Resources Inc. (NYSE:PXD) shares dropped by 1.32% to $225.43, with a monthly decrease of 4.98% but a yearly increase of 3.77%. The company's P/E ratio of 10.89 is higher than the industry average of 9.18, which could suggest better performance or overvaluation. Investors are advised to consider P/E ratios alongside other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 5:46 pm

BTCUSD

Markus Thielen, Head of Research at Matrixport, suggests that Bitcoin prices are likely to increase in 2024 even without the approval of a spot Bitcoin ETF by the SEC. He notes that Bitcoin's dominance chart should be monitored for signs of an altcoin rally and mentions the historical price increases in Bitcoin halving years, with the next halving scheduled for April 2024. Additionally, he points out that crypto markets tend to perform well when liquidity expectations improve, as seen in 2023. Matrixport's previous estimates for Bitcoin's price by the end of 2023 ranged from $42,000 to $56,000, depending on Tether's market cap expansion. The article also references the potential impact of the Fed's interest rate policies on Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

December 15, 2023 | 5:44 pm

COST

DA Davidson analyst Michael Baker has maintained a Neutral rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $570 to $600.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:43 pm

PII

DA Davidson analyst Brandon Rolle has maintained a Neutral rating on Polaris (NYSE:PII) but has reduced the price target from $90 to $77.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:42 pm