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Price Targets

OPEN

RDFN

ZG

Real estate stocks, including Opendoor Technologies Inc. (OPEN), Zillow Group Inc. (ZG), and Redfin Corp. (RDFN), are experiencing a surge as the 10-year Treasury yield falls below 4%. Opendoor received an analyst upgrade from Keefe, Bruyette & Woods Inc., changing its rating from Underperform to Market Perform and increasing its price target from $1.65 to $3.50 per share. Zillow and Redfin also saw significant gains, with Zillow's stock price increasing by 8.84% on Wednesday and continuing to rise by 6.8% in early Thursday trading, while Redfin's shares went up nearly 15% in the same period. The drop in Treasury yields is attributed to traders expecting Federal Reserve rate cuts in 2024.

Portfolio Pulse from Chris Bibey

December 14, 2023 | 9:12 pm

ATO

Over the past 3 months, 6 Wall Street analysts have published their opinions on Atmos Energy (NYSE:ATO), with 2 bullish, 3 somewhat bullish, and 1 indifferent rating. The average 12-month price target for ATO is $121.5, with a high of $133.00 and a low of $110.00. This target has decreased by 2.93% from the previous average of $125.17. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance over the upcoming year.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

SIX

Six Flags Entertainment (NYSE:SIX) has received a mix of analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The average price target among these analysts is $26.8, which is slightly above the current price of $26.1, suggesting a modest upside. This target reflects a 1.94% decrease from the previous target of $27.33. Analyst ratings are updated quarterly and are based on financial analysis and insider information.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

KTB

Kontoor Brands (NYSE:KTB) has received 4 analyst ratings in the last quarter, with 3 being bullish, 1 somewhat bullish, and none indifferent, somewhat bearish, or bearish. The average price target is $62.0, representing an upside from the current price of $57.88. The price target has increased by 17.71% over the past month. Analyst ratings are based on information from company events, financial statements, and insider conversations, and they provide guidance on stock performance.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) received 4 analyst ratings in the last quarter, with 2 somewhat bullish and 2 indifferent, and no bearish ratings. The average 12-month price target for FITB is $32.25, with a high of $39.00 and a low of $29.00. This target has increased by 1.57% over the past month.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

VRNT

Verint Systems (NASDAQ:VRNT) has received positive analyst ratings in the last quarter, with 3 bullish and 2 somewhat bullish ratings out of 5 analysts. The average price target is $38.4, representing an implied upside from the current price of $28.0. The target has increased by 1.05% over the past month. Analysts typically review stocks each quarter and may adjust their ratings based on financial analysis and company performance.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

LHX

L3Harris Technologies (NYSE:LHX) has received 12 analyst ratings in the last quarter, with an average price target of $221.08, representing an implied upside from the current price of $208.08. The majority of ratings are bullish or somewhat bullish, with no bearish or somewhat bearish ratings. Over the past month, the average price target has slightly increased by 0.36%. Analyst ratings are periodic evaluations from financial experts who analyze company performance to provide stock forecasts.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

PACB

Pacific Biosciences of California Inc (NASDAQ:PACB) stock is soaring after Stephens initiated coverage with an Overweight rating and a price target of $11. The analyst team praised PACB's solid management, market opportunity in long-read sequencing, and the potential of its next-generation sequencer, Revio. Revio is expected to drive broader adoption and expand use cases for long-read sequencing. PACB's Q3 sales were up 72% Y/Y, with significant instrument revenue growth, including sales from 52 Revio systems. The company is also planning to expand its portfolio with additional long- and short-read platforms.

Portfolio Pulse from Vandana Singh

December 14, 2023 | 8:41 pm

COP

ConocoPhillips Inc. (NYSE:COP) stock has risen by 3.09% in the current session to $115.31, with a monthly increase of 2.96% and an annual increase of 4.41%. The company's P/E ratio of 12.18 is higher than the industry average of 8.84, suggesting that investors may expect better future performance or that the stock could be overvalued. The P/E ratio is a critical metric but should be used alongside other financial analyses for investment decisions.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 8:31 pm

FITB

Wells Fargo analyst Whit Mayo has maintained an Overweight rating on Fifth Third Bancorp (NASDAQ:FITB) and increased the price target from $34 to $39.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:02 pm