Streetbeat News

Price Targets

AEO

Morgan Stanley analyst Kimberly Greenberger has maintained an Underweight rating on American Eagle Outfitters (NYSE:AEO) and reduced the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:00 pm

BTCUSD

ETHUSD

Macro Guru Raoul Pal expressed his gratitude for Bitcoin and the overall crypto market cap this Thanksgiving. He highlighted Bitcoin's 275,000% gain since 2013 and the total crypto market cap's 44,000% increase since 2015. Pal countered skeptics by noting crypto's performance as the best asset class three out of every four years, even with higher interest rates. He also predicted a 75% surge in Ethereum's price by December, with a target of $3,250.

Portfolio Pulse from Mehab Qureshi

November 24, 2023 | 12:08 pm

COST

KHC

MDLZ

PG

Wall Street analysts have updated their ratings and price targets for several consumer staples stocks. Stifel and Morgan Stanley analysts see a 3% and 15% upside for Procter & Gamble (PG) respectively. Costco Wholesale (COST) received a Buy rating from Stifel with a 1% growth forecast, while JP Morgan cut its price target but still expects a 3% surge. Kraft Heinz (KHC) was upgraded by Bernstein to Outperform with a 15% upside, and Mondelez International (MDLZ) received an Overweight rating from Morgan Stanley and Piper Sandler with a 3.5% and 2% rise expected respectively. All companies have reported recent financial results, with PG and MDLZ posting better-than-expected earnings, COST reporting strong sales, and KHC showing mixed results but raising its full-year EPS outlook.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:04 pm

AVGO

Broadcom (NASDAQ:AVGO) has received 17 analyst ratings in the last quarter, with 6 bullish, 10 somewhat bullish, and 1 indifferent. There were no somewhat bearish or bearish ratings. The average price target is $990.29, representing an upside from the current price of $975. This average has increased by 9.7% from the previous target of $902.70. Analyst ratings are based on information from company events, financial statements, and insider conversations, and they provide guidance but are subjective opinions.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 12:00 pm

ZS

Needham analyst Alex Henderson has reiterated a Strong Buy rating on Zscaler (NASDAQ:ZS) and maintained a price target of $210.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 11:03 am

DOGEUSD

Crypto analyst Ali Martinez has indicated a potential surge in Dogecoin (DOGE) price due to a significant increase in transactions over $100,000, suggesting heightened interest from institutional players and whales. Earlier bullish signals from a breakout on the weekly chart and a buy signal from the TD Sequential indicator support this outlook. Additionally, Santiment reported a shift in dormant Dogecoin tokens and an increase in large-scale DOGE investors, with 121 new wallets holding over 1 million DOGE each.

Portfolio Pulse from Mehab Qureshi

November 24, 2023 | 11:00 am

ALLT

Needham analyst Alex Henderson has maintained a Buy rating on Allot (NASDAQ:ALLT) but has reduced the price target from $4 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:43 am

LX

Citigroup analyst Judy Zhang has downgraded LexinFintech Holdings (LX) from Buy to Neutral and reduced the price target from $3.86 to $2.12.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:29 am

TEO

Scotiabank analyst Andres Coello downgraded Telecom Argentina (NYSE:TEO) from Sector Perform to Sector Underperform and set a price target of $5.7.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:21 am

HCM

Deutsche Bank analyst Cyrus Ng has upgraded HUTCHMED (China) from Hold to Buy and increased the price target from $20 to $22.1.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:08 am