Streetbeat News

Price Targets

GLBE

Raymond James analyst Brian Peterson has maintained an Outperform rating on Global E Online (NASDAQ:GLBE) but has reduced the price target from $45 to $41.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:45 am

TGT

Target Corporation (NYSE:TGT) has announced a week-long Black Friday sale from Nov. 19 to Nov. 25, offering significant discounts across various categories. Shoppers can expect up to 50% off on tech, video games, and toys, up to 40% off on apparel and accessories, and numerous deals on groceries and essentials.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:02 am

WMT

Walmart Inc. (NYSE:WMT) is expected to release its Q3 earnings before the market opens on Nov. 16, 2023, with forecasts suggesting an EPS of $1.52, up from $1.50 a year ago, and revenues of $159.55 billion. The company is also planning to open a new fulfillment center in 2026. Ahead of the earnings call, several analysts have revised their ratings and price targets for Walmart, with most maintaining positive outlooks and increasing their price targets.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:49 am

MSFT

Wedbush analyst Dan Ives has increased the price target for Microsoft Corporation (NASDAQ:MSFT) from $400 to $425, citing the potential for 'game-changing' AI monetization from its Co-Pilot AI product. Microsoft also announced the development of two custom chips, Maia and Cobalt, to enhance its Azure cloud service and reduce internal costs, respectively. These developments position Microsoft as a 'Top Pick' for 2024 and reflect the company's strategic moves in AI amidst a global chip shortage.

Portfolio Pulse from Ananya Gairola

November 16, 2023 | 1:28 am

GETY

Getty Images Holdings (NYSE:GETY) received 4 analyst ratings in the last quarter, with an average 12-month price target of $7.17, a decrease from the previous $7.50 target. Ratings included 2 bullish, 1 somewhat bullish, and 1 indifferent, with no bearish ratings. The current average price target represents a 4.4% decrease from the previous average.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 9:00 pm

RTX

Over the past quarter, RTX (NYSE:RTX) received 12 analyst ratings with an average 12-month price target of $82.25, a decrease from the previous $99.67. The ratings include 2 somewhat bullish, 9 indifferent, and 1 somewhat bearish. No fully bullish or bearish ratings were given. This suggests a cautious outlook from analysts on RTX's stock performance.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 9:00 pm

DKNG

Benchmark analyst Mike Hickey reiterates a Buy rating on DraftKings Inc (NASDAQ:DKNG), raising the price target to $41 from $37. The company's focus on product innovation and competitive differentiation is expected to leverage the growing Total Addressable Market (TAM), which is projected to increase from $20 billion to $30 billion by 2028. DraftKings' 2025 revenue guidance is in the mid-$5 billion range, with AEBITDA estimated at $900 million-$1 billion. The company anticipates more U.S. states will legalize OSB and iGaming, aiming to operate in 25 states and Puerto Rico by 2024. DraftKings also expects a long-term Adjusted EBITDA increase of approximately $1.5 billion above current guidance, potentially adding $6.2 billion more annually. DKNG shares are trading slightly lower at $36.90.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 8:31 pm

GLBE

Global E Online (NASDAQ:GLBE) has received 4 analyst ratings in the last quarter, with an average price target of $49.0, which is significantly higher than its current price of $27.55. The ratings include 1 bullish and 3 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The current average price target has decreased by 2.97% from the previous target of $50.50. Analysts' ratings are based on information from company events, financial statements, and insider conversations.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:00 pm

WMG

Over the past 3 months, 9 Wall Street analysts have provided ratings for Warner Music Group (NASDAQ:WMG), with 5 bullish, 1 somewhat bullish, and 3 indifferent. No bearish ratings were reported. The average 12-month price target for WMG is $37.78, with a high of $52.00 and a low of $33.00. This target has increased by 0.94% over the past month. Analysts' ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:00 pm

PRI

Over the past quarter, Primerica (NYSE:PRI) received four indifferent analyst ratings. The average 12-month price target for PRI is $193.00, with a high of $200.00 and a low of $185.00, reflecting a 3.76% increase from the previous target of $186.00. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:00 pm