Streetbeat News

Price Targets

RNG

RingCentral (NYSE:RNG) has received 6 analyst ratings in the last quarter, with 2 bullish and 4 indifferent. The average 12-month price target for RNG is $39.83, with a high of $50.00 and a low of $35.00. This target has decreased by 22.4% from the previous average of $51.33. Analyst ratings are important as they provide guidance on stock performance, though they are subject to analysts' human limitations.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

RF

Over the past 3 months, 13 Wall Street analysts have published their opinions on Regions Financial Corp (NYSE:RF), with 1 bullish, 4 somewhat bullish, and 8 indifferent ratings. The average 12-month price target for RF is $17.93, with a high of $24.00 and a low of $15.00, representing an 18.05% decrease from the previous target of $21.88. Analysts use various metrics and insider information to provide guidance on stock performance.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

ASB

Associated Banc (NYSE:ASB) has received indifferent ratings from analysts, with 5 neutral ratings in the last quarter. The average 12-month price target for ASB is $18.9, which is a slight increase from the previous target of $18.70. Analysts consider various factors, including future earnings and company risk profile, to provide these ratings. Benzinga tracks these ratings from 150 analyst firms.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

RGEN

Repligen (NASDAQ:RGEN) has received 7 analyst ratings in the last quarter, with 2 bullish and 5 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target among these analysts is $186.71, with a high of $210.00 and a low of $165.00. This target is down 11.68% from the previous average of $211.40. Analysts rate stocks based on research and insights, but their advice may be subject to error.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

MMM

3M shares have risen following an upgrade by Barclays from Underweight to Equal-Weight and an increase in the price target from $98 to $107.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 7:46 pm

AVAXUSD

BTCUSD

DOGEUSD

LINKUSD

RUNEUSD

SHIBUSD

Experts assert that the current crypto market rally is genuine, driven by strong fundamentals and positive market sentiment. Bitcoin is expected to surpass its all-time high by the end of 2024 and hit new records in 2025. Altcoins like Dogecoin, Shiba Inu, Ordi, and Terra Luna are also experiencing significant gains. Projects like Avalanche, Chainlink, and ThorChain have outperformed Bitcoin recently, and new projects like Celestia are predicted to contribute to the largest altcoin market cap in history by 2025. The surge in Bitcoin prices is partly attributed to the anticipation of a spot Bitcoin ETF, with a temporary dip expected post-approval. Market volatility, geopolitical instability, and rising debt levels are also influencing the shift towards cryptocurrencies. However, analysts warn of potential technical hurdles and a strong U.S. macroeconomic backdrop that could affect rate cut expectations.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 7:38 pm

ZBH

Morgan Stanley analyst Cecilia Furlong has maintained an Equal-Weight rating on Zimmer Biomet Holdings (NYSE:ZBH) and increased the price target from $120 to $125.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:18 pm

AR

Truist Securities analyst Bertrand Donnes downgraded Antero Resources Corp (AR) to Hold from Buy, reducing the price target from $37.00 to $28.00. Donnes anticipates depressed investor sentiment and potential reductions in Street estimates/price targets for AR in the coming months. Despite AR's quality inventory, the lack of commodity recovery may limit upside potential. The analyst also lowered EBITDAX estimates for 2023 and 2024, reflecting a reduced NGL/gas differential outlook and predicting higher FCF Y/Y but expecting near-term downward revisions. AR shares dropped by 3.5% to $23.05.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 7:17 pm

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