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Price Targets

AGI

BELGF

EDVGF

GDX

WPM

VanEck portfolio manager Imaru Casanova highlighted the significant undervaluation of gold mining stocks, noting they are trading at historical lows in terms of P/E, P/CF, and P/S ratios. Despite trading at a 20% discount to gold, Casanova is optimistic about the sector's future, expecting gold prices to reach all-time highs and gold stocks to outperform. She shared her top picks: Alamos Gold (AGI), Wheaton Precious Metals Corp. (WPM), Bellevue Gold Ltd. (BELGF), and Endeavor Mining (EDVGF). The VanEck Gold Miners ETF (GDX) also saw a recent increase.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 9:21 pm

AAPL

ACN

ALB

ALK

AMZN

CHD

CROX

DAL

ENPH

GOOG

GOOGL

JBT

LLY

META

MSFT

NOW

NVDA

ORLY

TSLA

TTC

Goldman Sachs predicts a bullish stock market for 2024, with the S&P 500 reaching 4,700, a 5% price gain, and a 6% total return. The firm expects the U.S. economy to expand modestly, avoiding recession, and corporate earnings to rise by 5%. The 'Magnificent 7' tech stocks are anticipated to continue outperforming, and Goldman Sachs recommends focusing on quality stocks, growth stocks, and undervalued cyclicals, highlighting specific sectors like Information Technology, Health Care, and Energy for investment.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 8:51 pm

BTCUSD

The upcoming Bitcoin halving in April 2024 is expected to impact the cryptocurrency's value and the mining landscape. The event, which reduces miner rewards, has historically affected Bitcoin's supply-demand balance, market volatility, and long-term investment appeal. Predictions for post-halving prices vary widely, with estimates ranging from $49,300 to $250,000.

Portfolio Pulse from Murtuza Merchant

November 16, 2023 | 8:49 pm

BF/B

Deutsche Bank analyst Steve Powers has maintained a Hold rating on Brown-Forman (NYSE:BF) but has reduced the price target from $66 to $63.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:48 pm

SJM

Deutsche Bank analyst Steve Powers has maintained a Hold rating on JM Smucker (NYSE:SJM) but has reduced the price target from $135 to $125.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:41 pm

RVMD

Raymond James initiated coverage on Revolution Medicines Inc (NASDAQ:RVMD) with an Outperform rating and a target price of $30. The optimism is based on the compelling October readout of RMC-6236, a first-in-class RAS(ON) inhibitor for treating cancers with common RAS mutations. Raymond James believes RVMD's technology can differentiate from other KRAS inhibitors and has a larger market potential. They also see a reasonable success probability for the planned Phase 3 studies of RMC-6236 in 2024.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 8:27 pm

TRU

Deutsche Bank analyst Faiza Alwy has maintained a Buy rating on TransUnion (NYSE:TRU) and increased the price target from $57 to $68, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:18 pm

TPG

Deutsche Bank analyst Brian Bedell has reaffirmed a Buy rating on TPG (NASDAQ:TPG) and increased the price target from $34 to $39, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:12 pm

Over the past 3 months, 9 analysts have provided their opinions on Goldman Sachs Group (NYSE:GS) stock, with 1 bullish, 6 somewhat bullish, and 2 indifferent ratings. The average 12-month price target is $423.00, with a high of $468.00 and a low of $329.00. This target has decreased by 0.66% from the previous average of $425.83.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 8:00 pm

BWAY

BrainsWay (NASDAQ:BWAY) has received positive analyst ratings in the last quarter, with 4 bullish and 1 somewhat bullish out of 5 total ratings. The average 12-month price target for BrainsWay is $10.8, with a high of $12.00 and a low of $6.00. This target has increased by 96.36% over the past month, indicating a positive sentiment among analysts towards the stock.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 8:00 pm