Streetbeat News

Price Targets

CHTR

Benchmark analyst Matthew Harrigan has maintained a Buy rating on Charter Communications (NASDAQ:CHTR) but has reduced the price target from $575 to $490.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:20 pm

STT

Wells Fargo analyst Mike Mayo has reiterated an Overweight rating on State Street (NYSE:STT) and maintained a price target of $83.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:16 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) stock is trading higher, with a more than 30% increase over the last six months. The stock experienced heavy trading volume on Wednesday, with over 32.4 million shares traded, surpassing its 100-day average volume. Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Rivian but lowered the price target from $25 to $19. Rivian is a popular stock among retail investors and short-sellers, with 18.77% of RIVN shares sold short. The stock is trading above its 50-day moving average but below its 52-week high. At the time of publication, RIVN shares are up nearly 10% at $19.10.

Portfolio Pulse from Erica Kollmann

December 06, 2023 | 5:15 pm

CRMT

Stephens & Co. analyst Vincent Caintic has maintained an Overweight rating on America's Car-Mart (NASDAQ:CRMT) but reduced the price target from $135 to $83.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:07 pm

DSGX

Stephens & Co. analyst Justin Long has maintained an Overweight rating on Descartes Systems Group (NASDAQ:DSGX) and increased the price target from $94 to $105.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:05 pm

AZO

Stephens & Co. analyst Daniel Imbro has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $3000 to $3070.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:03 pm

MKTX

MarketAxess Holdings (NASDAQ:MKTX) has received 11 analyst ratings in the last quarter, with an average 12-month price target of $260.64, a decrease of 5.12% from the previous target of $274.70. Ratings include 4 bullish, 2 somewhat bullish, 3 indifferent, and 2 bearish. Analysts provide these ratings based on financial analysis and company insights.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

WDC

Mizuho has reaffirmed its Buy rating on Western Digital (NASDAQ:WDC) and increased its price target from $52.00 to $55.00. Western Digital's shares have risen 1.69% in the last 24 hours to $47.56. The new price target suggests a potential upside of 15.64% from the current price. Western Digital is a major player in data storage solutions and forms a duopoly with Seagate in the HDD market, and is a leading producer of NAND flash chips for SSDs through a joint venture with Kioxia.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

ESAB

ESAB (NYSE:ESAB) received 4 analyst ratings in the last quarter with an average 12-month price target of $84.5, a high of $95.00, and a low of $76.00. The current average price target represents a 15.75% increase from the previous target of $73.00. Ratings distribution includes 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. No bearish or somewhat bearish ratings were given.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

PYPL

B of A Securities has downgraded PayPal Holdings (NASDAQ:PYPL) from its previous rating to Neutral, with a new price target of $66.00, down from $77.00. Despite the downgrade, PayPal's shares have risen 3.33% in the last 24 hours to $59.85. The new price target suggests a potential upside of 10.28%. PayPal, known for its online payment solutions, had 435 million active accounts by the end of 2022 and owns the Venmo platform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm