Streetbeat News

Price Targets

WMT

Following Walmart Inc's (NYSE:WMT) Q3 FY24 results, analysts have adjusted their price targets and estimates. Walmart reported a 5.2% Y/Y sales growth to $160.8 billion, surpassing consensus, and adjusted EPS of $1.53, beating last year's and consensus figures. The company raised its FY24 net sales growth outlook and adjusted EPS forecast slightly. Analysts from DA Davidson, BMO Capital Markets, RBC Capital Markets, Stifel, B Of A Securities, and Goldman Sachs provided mixed responses, focusing on sales growth and concerns over expenses. Price targets ranged from $168 to $190, with various adjustments to revenue and EPS estimates for FY24 and FY25.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 7:40 pm

JNJ

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Johnson & Johnson (NYSE:JNJ) with a maintained price target of $215.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:39 pm

FOXF

Truist Securities analyst Michael Swartz has reiterated a Buy rating on Fox Factory Holding Corp (NASDAQ:FOXF) and maintained a price target of $90.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:37 pm

NVDA

Stifel analyst Ruben Roy has reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and maintained a price target of $600. This endorsement from Stifel could influence investor sentiment and potentially impact NVIDIA's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:35 pm

ADSK

Stifel analyst Adam Borg has reiterated a Buy rating on Autodesk (NASDAQ:ADSK) and maintained a price target of $245.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:33 pm

LLY

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Eli Lilly (NYSE:LLY) and maintained a price target of $630.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:31 pm

AMSWA

BBLG

BKE

CHPT

CYTO

GPS

TWST

The S&P 500 saw a slight increase, with energy shares leading the gains and communication services shares lagging. The Buckle, Inc. (BKE) shares surged over 8% after reporting Q3 earnings that beat EPS estimates but missed on sales. Gap Inc. (GPS) shares also jumped 31% following strong Q3 results. Altamira Therapeutics Ltd. (CYTO) saw a 259% increase after selling a majority stake in a subsidiary. Twist Bioscience Corporation (TWST) shares rose 29% after positive quarterly results. American Software, Inc. (AMSWA) shares fell 10% due to disappointing revenue guidance and a price target cut. Bone Biologics Corporation (BBLG) shares dropped 31% after announcing a priced offering. ChargePoint Holdings, Inc. (CHPT) fell 35% after preliminary results and a CEO transition announcement.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 7:30 pm

BBWI

Evercore ISI Group analyst Warren Cheng has maintained an In-Line rating on Bath & Body Works (NYSE:BBWI) but has lowered the price target from $40 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:22 pm

WMT

Evercore ISI Group analyst Greg Melich has maintained an Outperform rating on Walmart (NYSE:WMT) but has reduced the price target from $187 to $177.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:17 pm

WSM

Evercore ISI Group analyst Greg Melich has maintained an In-Line rating on Williams-Sonoma (NYSE:WSM) and increased the price target from $160 to $175. This adjustment reflects a positive outlook on the company's stock value.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:14 pm