Streetbeat News

Price Targets

WFC

Morgan Stanley analyst Betsy Graseck has maintained an Overweight rating on Wells Fargo (NYSE:WFC) and increased the price target from $52 to $54.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:16 pm

WBS

Morgan Stanley analyst Manan Gosalia has maintained an Overweight rating on Webster Financial Corporation (NYSE:WBS) and increased the price target from $49 to $51.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:15 pm

PRO

Pros Holdings (NYSE:PRO) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish ratings out of 4 total. The average 12-month price target for PRO is $41.75, which is a 4.38% increase from the previous target of $40.00. Analysts base their ratings on financial analysis and company performance predictions.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

MTB

Over the past 3 months, 5 Wall Street analysts have rated M&T Bank (NYSE:MTB) stock as predominantly somewhat bullish with 4 out of 5 giving such ratings and 1 being indifferent. The average price target is $150.13, suggesting an upside from the current price of $134.31. This target is a 5.28% decrease from the previous target of $158.50. Analysts derive their ratings from various sources including company calls, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

AR

Over the last 3 months, 8 Wall Street analysts have provided ratings for Antero Resources (NYSE:AR), with 5 bullish and 3 indifferent. No bearish ratings were reported. The average price target is $32.38, representing an implied upside from the current price of $22.82. This target has decreased by 2.29% from the previous target of $33.14. Analysts' ratings are based on research and provide guidance to investors, though they reflect opinions and can vary in accuracy.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

RCM

Over the last 3 months, 6 Wall Street analysts have provided ratings for R1 RCM (NASDAQ:RCM), with an average price target of $19.08, representing an upside from the current price of $10.87. The consensus includes 1 bullish, 4 somewhat bullish, and 1 indifferent rating. The current average price target has decreased by 6.15% from the previous target of $20.33. Analysts typically review stocks quarterly, considering financial statements, meetings, and insider insights.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

RIVN

Over the past quarter, Rivian Automotive (NASDAQ:RIVN) received 9 analyst ratings: 2 bullish, 4 somewhat bullish, and 3 indifferent. No somewhat bearish or bearish ratings were given. The average 12-month price target for RIVN is $26.11, with a high of $35.00 and a low of $19.00, representing a 5.05% decrease from the previous target of $27.50. Analyst ratings are opinions based on financial analysis and are meant to guide investors.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

STAA

Staar Surgical (NASDAQ:STAA) has received 9 analyst ratings in the last quarter, with an average price target of $48.44, representing an implied upside from the current price of $32.99. The current average price target has decreased by 1.54% from the previous target of $49.20. The ratings consist of 4 bullish and 5 indifferent, with no bearish ratings. Analysts typically review stocks quarterly or after major company updates, considering factors like future earnings and revenue predictability.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

AMD

NVDA

Piper Sandler analyst Harsh V. Kumar has reiterated an Overweight rating on Nvidia Corp (NVDA) with a price target of $620, making it his top large-cap pick over AMD. Kumar highlights Nvidia's compelling valuation, complete computing stack, software license revenue potential, and strong FY25 visibility due to backlog and demand. He also anticipates new China chip revenue of $2.5-$3 billion per quarter. Nvidia's Q4 revenue and EPS projections are $20.09 billion and $4.49, respectively, aligning with consensus.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 6:49 pm

GOOGL

Mizuho analyst James Lee maintains a Buy rating on Alphabet Inc (GOOGL) with a price target of $155, but warns of potential short-term declines in Google Cloud's revenue growth and operating margins. He compares Google Cloud's situation to AWS's past cost optimization cycle, predicting at least one or two more quarters of deceleration for Google Cloud. Lee also highlights potential headwinds from NFL Sunday Ticket licensing costs and legal expenses, which may not be fully accounted for in consensus estimates. He forecasts Q4 revenue and EPS below consensus at $84.06 billion and $1.46, respectively. GOOGL shares dropped by 2.32% to $128.80.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 6:44 pm