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 13, 2023 | 6:36 pm

ARCT

CSLLY

Canaccord Genuity initiated coverage on Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) with a bullish rating, citing the company's proprietary LNP delivery tech and mRNA cargos. They are particularly optimistic about ARCT-032, a cystic fibrosis treatment, which is in Phase 1b trials with interim data expected in H1 2024. A positive outcome could significantly revalue the program. Canaccord set a price target of $81, indicating over 200% upside. Arcturus is also advancing ARCT-810 for OTC deficiency, with Phase 2 trial enrollment underway. Additionally, ARCT-154, a COVID-19 vaccine developed with CSL Ltd (OTC:CSLLY), was approved in Japan. ARCT shares rose 4.07% to $24.29.

Portfolio Pulse from Vandana Singh

December 13, 2023 | 6:34 pm

ALGT

Raymond James analyst Savanthi Syth has maintained an Outperform rating on Allegiant Travel (NASDAQ:ALGT) but reduced the price target from $118 to $110.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:30 pm

UNH

Stephens & Co. analyst Scott Fidel has reiterated an Overweight rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $585.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:19 pm

XYL

Wolfe Research analyst Brad Hewitt has initiated coverage on Xylem (NYSE:XYL) with an Outperform rating and set a price target of $127 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:15 pm

NEE

NextEra Energy Inc. (NYSE:NEE) shares saw a slight increase of 0.02% in the current session, trading at $59.53. Despite a 5.51% rise over the past month, the stock has fallen 29.91% in the past year. The P/E ratio of NextEra Energy is lower than the Electric Utilities industry average, suggesting potential undervaluation or weaker growth prospects. Investors are advised to consider the P/E ratio among other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 6:15 pm

PNR

KeyBanc analyst Jeffrey Hammond upgraded Pentair Plc (PNR) from Sector Weight to Overweight with a price target of $82, citing underappreciated structural margin enhancements and positive momentum in the Pool business. Despite recent stock price decline, the analyst believes concerns are overdone and anticipates strong performance moving into 2024, supported by self-help tailwinds from strategic pricing, sourcing, and improving mix.

Portfolio Pulse from Shivani Kumaresan

December 13, 2023 | 6:10 pm

MSFT

Truist Securities analyst Joel Fishbein has initiated coverage on Microsoft (NASDAQ:MSFT) with a Buy rating and set a price target of $600.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:10 pm

PI

Susquehanna analyst Christopher Rolland has initiated coverage on Impinj (NASDAQ:PI) with a Positive rating and set a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:07 pm

CTNT

Maxim Group analyst Tate Sullivan has initiated coverage on Cheetah Net Supply Chain (CTNT) with a Buy rating and set a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:02 pm