Streetbeat News

Price Targets

NSTG

NanoString Technologies' stock (NSTG) trades lower following a downgrade by Baird from Outperform to Neutral, with a price target reduction from $4 to $0.75.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:38 pm

NOVA

Mizuho Securities analyst Maheep Mandloi initiated coverage on Sunnova Energy International Inc (NOVA) with a Buy rating and a $20 price target, citing the company's potential to gain market share amid higher interest rates and a shift in the industry from loans to leases. Mandloi expects NOVA to outpace market share growth through FY26 due to strong demand for their lease/PPA offerings and IRA tax credit benefits. The analyst also highlights NOVA's unique dealer strategy, projecting over 30% Y/Y customer growth in FY24 and increasing unlevered IRRs. Despite anticipating a decline in California's solar demand in FY24, Mandloi expects battery storage growth to mitigate solar volume declines. NOVA's Net Earning Assets are projected to grow significantly from FY23 through FY25. NOVA shares dropped 4.18% to $10.54.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 8:22 pm

ADBE

CRM

MSFT

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Salesforce (CRM) but lowered the price target from $262 to $252, citing uncertainty on long-term growth. Despite this, Salesforce's valuation is seen as reasonable against large-cap peers. The analyst prefers Adobe (ADBE) and Microsoft (MSFT), noting Adobe's leadership in customer data platform solutions. Salesforce is expected to benefit from its integrated cloud suites and has potential for durable margin expansion. CRM shares dropped slightly by 0.41% to $224.21.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 8:14 pm

CCK

Crown Holdings (NYSE:CCK) received 7 analyst ratings in the last quarter, with 4 bullish, 2 somewhat bullish, and 1 indifferent. The average price target is $102.86, representing an upside from the current price of $82.92. This target has decreased by 4.02% from the previous target of $107.17. Analysts rate stocks based on research and provide guidance to investors, though their predictions are opinions.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

TCOM

Within the last quarter, Trip.com Group (NASDAQ:TCOM) received 6 analyst ratings: 4 bullish and 2 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The average price target is $52.5, representing a significant upside from the current price of $32.74. This target has increased by 10.53% from the previous target of $47.50. Analyst ratings are periodic evaluations from financial experts based on company performance and projections.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

XYL

Xylem (NYSE:XYL) has received mixed analyst ratings in the last quarter, with 2 bullish, 2 somewhat bullish, and 2 indifferent ratings. The average 12-month price target among 6 analysts is $114.17, which is a slight increase from the previous target of $113.25. The high target is $122.00 and the low target is $101.00.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

IQV

Analysts have provided ratings for IQVIA Hldgs (NYSE:IQV) with 6 bullish, 5 somewhat bullish, and 1 indifferent rating in the last quarter. The average 12-month price target for IQVIA Hldgs is $235.25, with a high of $260.00 and a low of $202.00. This target has decreased by 5.78% from the previous target of $249.67. Analysts derive their ratings from various sources including company calls, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

ATO

Atmos Energy (NYSE:ATO) has received 6 analyst ratings in the last quarter, with 1 bullish, 3 somewhat bullish, and 2 indifferent. The average price target is $120.67, representing an upside from the current price of $112.92. This target has decreased by 3.72% from the previous target of $125.33. Analysts rate stocks typically once a quarter and provide forecasts on various financial metrics.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

CHUY

Chuy's Holdings (NASDAQ:CHUY) has received various analyst ratings over the last quarter, with 1 bullish, 3 somewhat bullish, and 2 indifferent. No somewhat bearish or bearish ratings were reported. The average 12-month price target among 6 analysts is $41.17, with a high of $46.00 and a low of $36.00, marking a 4.7% decrease from the previous average target of $43.20.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

ENPH

Mizuho Securities analyst Maheep Mandloi initiated coverage on Enphase Energy Inc (ENPH) with a Buy rating and a price target of $131. Mandloi highlights ENPH's strong U.S. market position, growth in battery storage, and international expansion. Despite near-term market slowdown and expected FY24 revenue decline, the analyst predicts recovery and growth in H2 FY24 and beyond. ENPH's Q3 FY23 earnings missed estimates, and shares are currently trading slightly lower.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 7:45 pm