Streetbeat News

Price Targets

SPG

Truist Securities analyst Ki Bin Kim has maintained a Hold rating on Simon Property Group (NYSE:SPG) and increased the price target from $125 to $128.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:26 pm

HUBS

Piper Sandler analyst Brent Bracelin upgraded HubSpot Inc (HUBS) from Neutral to Overweight and raised the price target from $515 to $610, citing positive 2024 CIO survey data, improved website traffic, and the Clearbit acquisition. Bracelin believes the consensus estimate of 17.7% growth for 2024 is too conservative and has increased revenue estimates by $60M for 2024. HubSpot shares rose by 3.84% to $520.83 following the upgrade.

Portfolio Pulse from Priya Nigam

December 12, 2023 | 6:08 pm

ZS

Over the past 3 months, 28 Wall Street analysts have provided ratings for Zscaler (NASDAQ:ZS), with an average 12-month price target of $204.79, a high of $229.00, and a low of $155.00. The current average price target represents a 13.58% increase from the previous average of $180.30. The ratings include 11 bullish, 11 somewhat bullish, and 6 indifferent, with no bearish or somewhat bearish ratings. Analysts typically update their ratings quarterly and may provide additional guidance on growth estimates, earnings, and revenue.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:01 pm

EXR

Extra Space Storage (NYSE:EXR) has received mixed analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target among 8 analysts is $139.00, with a high of $165.00 and a low of $115.00, representing a 9.05% decrease from the previous target of $152.83. Analysts rate stocks typically once per quarter and provide guidance on growth estimates, earnings, and revenue.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

COOK

Over the past 3 months, 5 analysts have published their opinions on Traeger (NYSE:COOK), with 1 bullish, 2 somewhat bullish, 2 somewhat bearish, and no indifferent or bearish ratings. The average 12-month price target for COOK is $4.16, a decrease from the previous $4.75, representing a 12.42% drop. Analysts use various data sources to provide these ratings, which are opinions and not certainties.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

IRTC

iRhythm Technologies (NASDAQ:IRTC) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish rating. Over the past 3 months, 4 analysts have set a 12-month price target for IRTC, averaging $117.0, with a high of $135.00 and a low of $108.00. This average has decreased by 9.77% from the previous target of $129.67. Analysts typically review stocks quarterly or after major company updates, using various methods to predict future performance.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last quarter, with 2 bullish, 2 indifferent, and 1 somewhat bearish. Over the past 3 months, 5 analysts have set a 12-month price target for STLD, averaging $114.6, with a high of $130 and a low of $98. The average price target has risen by 4.42% in the last month. Analyst ratings are based on research and provide guidance to investors, though they reflect opinions and may vary each quarter.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

PEN

Analysts have provided ratings for Penumbra (NYSE:PEN) with 2 bullish, 2 somewhat bullish, and 1 indifferent rating in the last quarter. The average price target is $282.0, representing an implied upside from the current price of $224.11. This target has decreased by 8.29% from the previous target of $307.50. Analysts' ratings are based on company financials, future earnings predictions, and industry risk assessments.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

SPY

TLSA

Bank of America's Global Equity Volatility Insights paper warns investors about potential risks in the equity market as we enter 2024. Despite a strong rally in 2023, with the S&P 500 and SPDR S&P 500 ETF (SPY) nearing record highs, BofA cautions against FOMO-driven trading and the possibility of tech sector bubbles, particularly in the Mag7 stocks (META, AAPL, AMZN, GOOGL, MSFT, NVDA, TLSA). BofA also advises skepticism regarding the rates market's expectations of Fed rate cuts in 2024, suggesting investors take these predictions with caution.

Portfolio Pulse from Neil Dennis

December 12, 2023 | 5:34 pm

CMPS

Compass Pathways (CMPS) stock is trading higher following Deutsche Bank's initiation of coverage with a Buy rating and a $16 price target.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:31 pm