Streetbeat News

Price Targets

CHPT

RBC Capital analyst Chris Dendrinos has maintained an Outperform rating on ChargePoint Holdings (CHPT) but reduced the price target from $9 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:58 pm

BABA

MS

Alibaba Group Holding Ltd (BABA) shares fell after Q2 results and Morgan Stanley's removal of BABA as a top pick. Analysts from Morgan Stanley, Mizuho Securities, and Benchmark provided insights. Morgan Stanley's Gary Yu downgraded the price target to $110, citing uncertainties in consumption recovery and cloud strategy. Mizuho's James Lee maintained a Buy rating with a $120 target, highlighting potential catalysts but noting risks from U.S. tech bans. Benchmark's Fawne Jiang also maintained a Buy rating but lowered the target to $150, pointing to challenges in Alibaba's cloud and capital management strategies. Alibaba's stock was down 0.9% to $78.38 at the time of publication.

Portfolio Pulse from Surbhi Jain

November 17, 2023 | 5:50 pm

GLOB

Globant S.A. (NYSE:GLOB) reported Q3 earnings of $1.48 per share, surpassing estimates by $0.01, and sales of $545.28 million, slightly above the $545.23 million estimate. Shares rose 11.1% to $203.45. Analysts at Piper Sandler, Keybanc, and Needham revised their price targets for Globant following the earnings report, with Piper Sandler and Needham increasing their targets, while Keybanc decreased theirs, but all maintained positive ratings.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:41 pm

CHRS

Coherus BioSciences' stock is trading higher following an Outperform rating initiation and an $11 price target from Baird.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:38 pm

M

Macy's Inc (NYSE:M) reported Q3 FY23 sales of $4.86 billion, surpassing estimates of $4.79 billion, with adjusted EPS of $0.21 beating the $0.02 consensus. The company updated its FY23 sales forecast to $22.9-$23.2 billion and adjusted EPS to $2.88-$3.13. Following the earnings report, Macy's shares rose 7.1%. Telsey Advisory Group and JP Morgan raised their price targets for Macy's to $15 and $19, respectively.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:32 pm

PCG

Mizuho analyst Paul Fremont has maintained a Buy rating on PG&E Corporation (NYSE:PCG) and increased the price target from $19 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:32 pm

AMAT

Mizuho analyst Vijay Rakesh has maintained a Buy rating on Applied Materials (NASDAQ:AMAT) and increased the price target from $162 to $167, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:30 pm