Streetbeat News

Price Targets

LBRT

Citigroup analyst Scott Gruber has maintained a Neutral rating on Liberty Energy (NYSE:LBRT) and reduced the price target from $22 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:37 pm

NKE

RBC Capital Markets analyst Piral Dadhania has reiterated an Outperform rating on Nike, Inc. (NYSE:NKE) and raised the price target from $120 to $127. Nike's stock performance has improved over the last three months, driven by a valuation re-rating and less negative sentiment. The analyst believes the risk/reward profile for Nike's Q2 2024 results is more balanced, with expectations of revenue growth and gross margin acceleration in the second half of FY24. The Q2 results are expected to be supported by less negative retailer commentary and a resilient consumer base. The analyst forecasts Q2 revenues of $13.32 billion, a gross margin of 43.9%, EBIT of $1.57 billion, EPS of $0.83, and free cash flow of $1.6 billion. Inventories are expected to remain stable at around $8.6 billion. Nike shares are trading slightly higher.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 7:34 pm

CTKB

Stephens initiated coverage on Cytek Biosciences Inc (NASDAQ:CTKB) with an Overweight rating and a price target of $9. Cytek's full spectrum technology in the cell analysis market is seen as differentiated and compelling. Despite macroeconomic challenges, Cytek has shown positive adjusted EBITDA and is expected to experience accelerated revenue growth with an improved macro environment. CTKB shares rose 8.17% to $8.68.

Portfolio Pulse from Vandana Singh

December 14, 2023 | 7:26 pm

AAPL

Citi analyst Atif Malik maintains a Buy rating on Apple Inc (AAPL) with a price target of $230, citing potential double-digit EPS and FCF growth, gross margin expansion, iPhone premiumization, acceleration in services sales, and silicon insourcing benefits. KeyBanc analyst Brandon Nispel maintains a Sector Weight rating, expressing concerns over below-average growth for Q1 FY24 based on his Key First Look Data, which shows a decline in Indexed Spending. Nispel finds AAPL expensive at its current trading multiple compared to historical and peer averages, projecting Q1 revenue and EPS of $116.8 billion and $2.07. AAPL shares traded slightly lower at $197.50.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 7:21 pm

ZTS

Zoetis Inc. (NYSE:ZTS) stock is currently trading at $197.06, down 0.18% in the current session. Despite the slight decrease, the stock has risen by 13.76% over the past month and 39.02% over the past year. The company's P/E ratio of 40.21 is higher than the Pharmaceuticals industry average of 38.94, which could suggest that the stock is overvalued or expected to perform better in the future. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:15 pm

BLD

TopBuild (NYSE:BLD) received 4 analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings. The average price target given by these analysts is $350.0, which is slightly above TopBuild's current price of $348.85, suggesting a marginal upside. The average price target has seen a 9.38% increase over the past month. Analyst ratings are based on future earnings predictions and company risk assessments, and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:01 pm

EMN

Over the past 3 months, 10 Wall Street analysts have provided ratings for Eastman Chemical (NYSE:EMN), with an average price target of $87.8, which is a 3.63% decrease from the previous target of $91.11. The current price of Eastman Chemical is $88.0, suggesting a slight downside according to these analysts. The ratings include 1 bullish, 3 somewhat bullish, and 6 indifferent, with no bearish or somewhat bearish ratings in the last 3 months.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

CW

Over the past 3 months, 4 Wall Street analysts have consistently given Curtiss-Wright (NYSE:CW) a bullish rating. The average 12-month price target for CW is $233.25, with a high of $250.00 and a low of $215.00. This target has increased by 4.91% from the previous target of $222.33. Analysts predict stock performance by analyzing company financials, attending calls and meetings, and communicating with insiders. Their ratings are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

ONON

On Holding (NYSE:ONON) has received a mix of bullish and somewhat bullish analyst ratings over the last quarter, with no bearish sentiments. The company's average 12-month price target is $36.58, which is a decrease of 3.74% from the previous target of $38.00. The high target is $40.00 and the low is $29.00. Analysts provide these ratings based on research and insights into the company's financials and market position.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

SHW

Sherwin-Williams (NYSE:SHW) has received 7 analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish. The average 12-month price target for SHW is $294.86, with a high of $335.00 and a low of $249.00. This average price target remains unchanged from the previous period. Analysts rate stocks based on financial statements, meetings, and insider information, but their predictions are not infallible.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm