Streetbeat News

Price Targets

PHR

Needham analyst Ryan MacDonald reiterated a Buy rating on Phreesia, Inc. (NYSE:PHR) but lowered the price target from $40 to $29, citing an increased focus on returning to positive adjusted EBITDA and a more balanced approach to growth and profitability. Despite the lower price target, MacDonald is supportive of the company's strategy and sees upside potential, especially with the opportunity for cross-selling recently acquired modules and the long-term monetization of PAM. Phreesia's FY25 adjusted EBITDA is expected to be between $10 million and $20 million, surpassing previous expectations. PHR shares rose 20.5% to $17.78.

Portfolio Pulse from Nabaparna Bhattacharya

December 06, 2023 | 7:03 pm

XPO

Within the last quarter, XPO Logistics, Inc. (NYSE:XPO) received 17 analyst ratings, with an average price target of $86.65, suggesting a slight upside from the current price of $85.5. The ratings included 3 bullish, 11 somewhat bullish, and 3 indifferent, with no bearish or somewhat bearish ratings. Over the past month, the average price target for XPO has increased by 8.79%. Analysts typically review stocks quarterly or after major company updates, basing their ratings on financial forecasts, company performance, and industry analysis.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:00 pm

SJM

Over the past 3 months, 9 Wall Street analysts have published their opinions on JM Smucker (NYSE:SJM), with 2 somewhat bullish and 7 indifferent ratings. The average 12-month price target for JM Smucker is $134.0, with a high of $158.00 and a low of $119.00, representing a 9.02% decrease from the previous target of $147.29. Analysts use various methods, including company data and insider conversations, to predict stock performance.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:00 pm

SNV

Analysts have recently updated their ratings for Synovus Financial Corp. (NYSE:SNV), with 4 bullish, 3 somewhat bullish, and 1 indifferent rating in the last quarter. The average 12-month price target for SNV is now $33.12, down from $35.92, with a high of $38.00 and a low of $29.00. The decrease in the average price target suggests analysts have become slightly more cautious about the stock's future performance.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

ASGN

ASGN Inc. (NYSE:ASGN) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, 1 indifferent, and 1 bearish rating. The average price target among these analysts is $89.25, which is slightly below the current price of $90.6, suggesting a potential downside. The average price target has increased by 1.42% from the previous target of $88.00. Analyst ratings are opinions on stock performance based on research and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

CHTR

Over the past 3 months, 12 Wall Street analysts have published their opinions on Charter Communications (NASDAQ:CHTR), with 6 giving a bullish rating, 1 somewhat bullish, and 5 indifferent. There were no somewhat bearish or bearish ratings. The average 12-month price target for CHTR is $505.42, with a high of $600.00 and a low of $425.00. This target has increased by 1.72% over the past month. Analysts rate stocks based on research, financial statements, and insider information, typically updating their ratings quarterly.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

HQY

Over the past 3 months, 4 Wall Street analysts have published somewhat bullish opinions on HealthEquity (NASDAQ:HQY) with an average price target of $84.5, representing an implied upside from the current price of $69.53. The current average price target has increased by 1.81% from the previous target of $83.00. Analysts typically review stocks quarterly or after major company updates, using financial analysis and insider information to provide guidance to investors.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

MAS

Analysts have provided ratings for Masco Corporation (NYSE:MAS) over the last quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent ratings. The average 12-month price target among 5 analysts is $64.2, with a high of $70.00 and a low of $60.00. This target has decreased by 2.73% from the previous target of $66.00. Analyst ratings are updated quarterly and may include growth estimates, earnings, and revenue forecasts.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

GLOB

Globant (NYSE:GLOB) has received 8 analyst ratings in the last quarter, with 1 bullish, 6 somewhat bullish, and 1 indifferent. There were no bearish ratings. The average price target is $224.25, representing a slight upside from the current price of $220.64. This target has increased by 3.25% from the previous target of $217.20. Analysts typically review stocks each quarter and their ratings are based on company performance, financial statements, and insider communications.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:00 pm

MDB

MongoDB Inc (NASDAQ:MDB) shares dropped despite reporting better-than-expected Q3 results. Analysts from Piper Sandler, Needham, Goldman Sachs, Oppenheimer, and William Blair remain positive, citing strong revenue, new product launches, and GenAI capabilities. Price targets were raised, reflecting optimism about MongoDB's future growth potential, despite current macro headwinds and investor concerns. MDB's stock fell 7.19% to $402.48 following the earnings release.

Portfolio Pulse from Priya Nigam

December 06, 2023 | 5:40 pm