Streetbeat News

Price Targets

PHVS

B of A Securities analyst Tazeen Ahmad has maintained an Underperform rating on Pharvaris (NASDAQ:PHVS) but increased the price target from $8 to $11.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:07 pm

EQBK

DA Davidson analyst Jeff Rulis has maintained a Neutral rating on Equity Bancshares (NYSE:EQBK) while raising the price target from $26 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:06 pm

DECK

BTIG analyst Janine Stichter has reaffirmed a Buy rating on Deckers Outdoor (NYSE:DECK) and increased the price target from $650 to $800, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:01 pm

DDOG

Stifel analyst Brad R. Reback upgraded Datadog Inc (NASDAQ:DDOG) to Buy from Hold and increased the price target to $140 from $98. The upgrade is based on positive customer feedback, a decline in installed-base optimization, and expectations of increased customer spending. Reback anticipates Datadog to post CY24 revenue growth of ~25%, with guidance starting at ~20%. DDOG shares are trading higher by 0.52% at $114.91.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 8:37 pm

BVS

Bioventus Inc (NASDAQ:BVS) has been upgraded by Canaccord Genuity from Hold to Buy with a price target increase to $7 from $3.66. The upgrade is based on the company's stabilization and management's strategic investments in the Exogen business, which are expected to drive future growth. The company is focusing on enhancing EBITDA and cash flows in 2023, with plans to bolster revenue growth and maintain operational margins in 2024, and expand margins to exceed 20% EBITDA by 2025-2026. Despite potential issues with interest coverage covenants and the need for a permanent CEO, the stock's low valuation at 1.4x 2024 EV/Sales suggests a high probability of continued improvement. BVS shares have risen 16.60% to $5.27.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 8:35 pm

CPB

Piper Sandler analyst Michael Lavery has maintained a Neutral rating on Campbell Soup Company (CPB) but increased the price target from $44 to $47. The upgrade is based on CPB's evolution in direct store delivery (DSD) for its Snacks division, which includes consolidating mixing centers and depots, updating technology for inventory monitoring and ordering, and improving automation. The Goldfish brand's strong position among teens and new product innovations are expected to help expand its market share. The anticipated FTC approval and closure of the SOVO acquisition by the end of FY24 also contribute to the positive outlook. CPB's shares rose by 1.23% to $43.77.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 8:20 pm

KFY

Truist Securities analyst Tobey Sommer has maintained a Buy rating on Korn Ferry (NYSE:KFY) but reduced the price target from $64 to $58.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 8:14 pm

CMG

Over the past 3 months, 17 Wall Street analysts have provided ratings for Chipotle Mexican Grill (NYSE:CMG), with 5 bullish, 10 somewhat bullish, and 2 indifferent. The average 12-month price target for CMG is $2239.41, with a high of $2450.00 and a low of $1865.00. This target has increased by 1.49% over the past month. Analysts typically review stocks quarterly or after major company updates, considering factors like future earnings and revenue potential.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 8:00 pm

MA

Tigress Financial analyst Ivan Feinseth has reaffirmed a Strong Buy rating on Mastercard (NYSE:MA) and increased the price target from $476 to $495. This adjustment reflects a positive outlook on Mastercard's stock, suggesting potential upside from the current trading levels.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:35 pm

CERE

HC Wainwright & Co. analyst Douglas Tsao has downgraded Cerevel Therapeutics Holdings (CERE) from Buy to Neutral, while increasing the price target from $41 to $45. This reflects a more cautious stance on the stock despite the raised price target.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:33 pm