Streetbeat News

Price Targets

ETR

JP Morgan analyst Jeremy Tonet has maintained an Overweight rating on Entergy (NYSE:ETR) and increased the price target from $117 to $121.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:21 pm

CHWY

JMP Securities analyst Nicholas Jones has reiterated a 'Market Outperform' rating on Chewy (NYSE:CHWY) and maintained a price target of $43.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:21 pm

ESTC

JP Morgan analyst Pinjalim Bora has maintained an Overweight rating on Elastic (NYSE:ESTC) and increased the price target from $87 to $98.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:20 pm

DOCU

ESTC

Elastic N.V. (ESTC) reported strong Q2 earnings, surpassing analyst expectations with a 37 cents per share result against a 24 cents consensus. Piper Sandler's Rob D. Owens upgraded ESTC's price target from $84 to $105, maintaining an Overweight rating, while Oppenheimer's Ittai Kidron raised the target to $110 with an Outperform rating. Both analysts are optimistic about the adoption of Elastic's GenAI-based solution, ESRE, and its future revenue contributions, particularly noting customer wins with DocuSign (DOCU) and a video search platform. Elastic's Net Revenue Retention (NRR) slightly decreased to 110% from 113%, but cloud consumption trends are improving. The company raised its F'24 revenue guidance by $4 million and operating margin guidance by 25 basis points. ESTC shares surged by 36.13% to $109.39 following the positive reports and analyst upgrades.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 7:20 pm

D

JP Morgan analyst Jeremy Tonet has maintained a Neutral rating on Dominion Energy (NYSE:D) and increased the price target from $49 to $51. This adjustment reflects a modestly more positive outlook on the company's stock while still maintaining a cautious stance.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:17 pm

QSR

TD Cowen analyst Andrew Charles has maintained an Outperform rating on Restaurant Brands Intl (NYSE:QSR) and increased the price target from $77 to $81.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:14 pm

MCD

Oppenheimer analyst Brian Bittner has maintained an Outperform rating on McDonald's Corp (MCD) with a $315 price target. The upcoming investor conference on December 6 is expected to provide a FY24/FY25 outlook with mid-single-digit sales growth, high-40s EBIT margins, and unit growth strategies. Bittner anticipates a capital expenditure update and capital return targets. He predicts FY24 same-store sales to align with a +3.4% street assumption and an 'in-line' year with a $12.47 EPS estimate. McDonald's is seen as well-positioned for mid-single-digit annual sales growth and could benefit from a choppier macro environment, similar to its performance during the '08-'09 recession. MCD shares were up 1.47% at $285.96.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 7:13 pm

DELL

JP Morgan analyst Samik Chatterjee has maintained a Neutral rating on Dell Technologies (NYSE:DELL) and increased the price target from $76 to $77.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:12 pm

CMS

JP Morgan analyst Richard Sunderland has reaffirmed an Overweight rating on CMS Energy (NYSE:CMS) and increased the price target from $64 to $65.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:10 pm

WCN

Oppenheimer analyst Ari Wald has maintained an Outperform rating on Waste Connections (NYSE:WCN) but has reduced the price target from $148 to $146.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:10 pm