Streetbeat News

Price Targets

QSR

Restaurant Brands Intl (NYSE:QSR) has received a mix of bullish and indifferent analyst ratings over the last quarter, with no bearish ratings. The average 12-month price target for QSR is $81.83, which has decreased by 3.35% from the previous target of $84.67. The ratings suggest a generally positive outlook from analysts, despite the recent decrease in the average price target.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

ADTH

Noble Capital Markets analyst Patrick McCann has initiated coverage on AdTheorent Holding (NASDAQ:ADTH) with an Outperform rating and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:58 pm

AMPS

Northland Capital Markets analyst Abhishek Sinha has initiated coverage on Altus Power (NYSE:AMPS) with an Outperform rating and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:55 pm

LFMD

Craig-Hallum analyst Alex Fuhrman has initiated coverage on LifeMD (NASDAQ: LFMD) with a Buy rating and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:51 pm

SPY

XLB

XLC

XLE

XLF

XLI

XLK

XLP

XLRE

XLU

XLV

XLY

JPMorgan analysts project an 8% drop in the S&P 500 for 2024, forecasting the SPDR S&P 500 ETF Trust (SPY) to trade at pre-summer highs or October 2023 lows. The bearish outlook is based on high valuations, an aging business cycle, restrictive monetary policy, and geopolitical risks. The bank warns of a potential 30% fall in EPS during the next economic slowdown and advises sectoral shifts, recommending overweight positions in energy, consumer staples, healthcare, and utilities, while suggesting neutral or underweight positions for other sectors.

Portfolio Pulse from Piero Cingari

November 30, 2023 | 5:44 pm

SNOW

Snowflake Inc (NYSE:SNOW) reported strong Q3 results, surpassing consensus estimates for revenues and earnings, leading to 9 out of 10 analysts raising their price targets. The company's product revenue guidance for fiscal 2024 was raised to $2.65 billion due to improving consumption trends. Analysts highlighted the company's high net revenue retention, new customer additions, large-customer traction, and the potential impact of new products and GenAI on future growth. Shares of Snowflake rose by 4.30% to $183.30 following the earnings release.

Portfolio Pulse from Priya Nigam

November 30, 2023 | 5:37 pm

SNOW

Oppenheimer analyst Ittai Kidron has maintained an Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $220 to $240.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:29 pm

CRM

Oppenheimer analyst Brian Schwartz has maintained an Outperform rating on Salesforce (NYSE:CRM) and increased the price target from $250 to $275. This adjustment reflects a positive outlook on the company's performance and potential growth.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:27 pm

OKTA

Oppenheimer analyst Ittai Kidron has reiterated an Outperform rating on Okta, Inc. (NASDAQ:OKTA) and maintained a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:25 pm

KKR

Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on KKR & Co (NYSE:KKR) and increased the price target from $91 to $94.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:23 pm