Streetbeat News

Price Targets

HLIT

Raymond James analyst Simon Leopold has reaffirmed a Strong Buy rating on Harmonic (NASDAQ:HLIT) and increased the price target from $15 to $19.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:46 am

ETSY

Needham analyst Anna Andreeva has maintained a Buy rating on Etsy (NASDAQ:ETSY) and increased the price target from $85 to $95.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:38 am

PCOR

Keybanc analyst Jason Celino has maintained an Overweight rating on Procore Technologies (NYSE:PCOR) and increased the price target from $65 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:37 am

MYE

Keybanc analyst Steve Barger has maintained an Overweight rating on Myers Industries (NYSE:MYE) and increased the price target from $21 to $22. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:31 am

LEN

Lennar Corporation (NYSE:LEN) is expected to report Q4 earnings of $4.61 per share, slightly up from $4.55 per share a year ago, with revenues estimated at $10.22 billion versus $10.17 billion. The results are due after market close on Dec. 14, 2023. Lennar's stock closed down 0.4% at $139.96. Barclays, Wells Fargo, JP Morgan, Citigroup, and UBS analysts have recently updated their price targets and ratings for Lennar, with most maintaining positive outlooks and one neutral stance.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 8:51 am

ADBE

Adobe Inc. (NASDAQ:ADBE) shares fell 5% in after-hours trading following the release of its fiscal year 2024 guidance, which was perceived as weak. Despite this, Piper Sandler analyst Brent Bracelin maintained an Overweight rating on the stock with a $650 price target, citing strong Q4 results, consistent currency-neutral growth, and potential benefits from recent price increases and generative AI innovations. Adobe's stock had previously outperformed the S&P 500 with an 86% year-to-date climb compared to the index's 23% gain.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 6:31 am

AMZN

GOOG

GOOGL

JPMorgan has identified Amazon Inc. (AMZN) and Alphabet Inc. (GOOGL, GOOG) as top picks for 2024, forecasting a rally in mega-cap tech stocks. Amazon's revenue is expected to grow by 13% with a price target of $190, while Alphabet's gross revenue is predicted to rise by 11% with a price target of $160. Amazon's stock has already surged 75% in 2023, and Alphabet's shares have risen by 49%, both outperforming the Nasdaq 100.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 3:04 am

CGC

DBCCF

HITI

NVACF

SNDL

TLRY

ATB Capital Markets highlights deep-value opportunities in Canadian cannabis small-cap stocks, emphasizing overlooked companies like High Tide Inc (HITI) and Nova Cannabis Inc (NVACF) for their positive free cash flow and low trading multiples. The sector is expected to grow despite challenges, with a 10.9% increase forecasted for 2024 and a 9.2% CAGR through 2031. Retailers are predicted to outperform LPs due to scale advantages. Decibel Cannabis Co Inc. (DBCCF) and SNDL Inc (SNDL) are also noted for their market positions and valuations.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 10:22 pm

MSFT

NTDOY

SONY

TGT

WMT

Microsoft Corp has reduced the price of the Xbox Series X to $399 for the holiday season, following discounts by Walmart Inc and Target Corp. The new price offers a $100 saving and is expected to last through the end of 2023 in the U.S. Retailers are also offering deals on Xbox accessories. Microsoft plans to continue investing in the Xbox, with mid-generation refreshes expected in 2024. Competitors Sony Group Corp. and Nintendo ADR are also offering holiday deals on their gaming consoles.

Portfolio Pulse from Franca Quarneti

December 13, 2023 | 9:48 pm

PVH

Goldman Sachs analyst Brooke Roach upgraded PVH Corp (NYSE:PVH) from Neutral to Buy with a price target increase from $99 to $126, citing cost savings, wholesale partnerships, and improved profitability into 2024. Ralph Lauren Corp (NYSE:RL) was upgraded from Sell to Neutral with a price target increase from $107 to $132, due to supply chain benefits, margin improvements, and consistent brand strength. Both companies are trading at 52-week highs.

Portfolio Pulse from Chris Katje

December 13, 2023 | 9:30 pm