Streetbeat News

Price Targets

FAST

Stifel analyst Michael E. Hoffman has reiterated a Buy rating on Fastenal Company (NASDAQ:FAST), raising the price target to $66 from $61. Hoffman believes that Fastenal's digital strategy, onsite service model, and high-touch service will drive sustainable market share gains and low double-digit annual FCF growth over the next ten years. Despite a neutral price/cost spread and a change in product mix being a headwind to gross profit margins, the EBITDA margin is likely to increase due to lower costs to serve onsite versus branch locations.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 7:18 pm

RBLX

Roth MKM analyst Eric Handler has reiterated a 'Buy' rating on Roblox (NYSE:RBLX) and maintained a price target of $48.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:39 pm

SNAP

Roth MKM analyst Rohit Kulkarni has reiterated a Neutral rating on Snap (NYSE:SNAP) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:36 pm

EEFT

DA Davidson analyst Peter Heckmann maintains a 'Buy' rating on Euronet Worldwide (NASDAQ:EEFT) but lowers the price target from $134 to $118.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:31 pm

BC

B. Riley Securities analyst Eric Wold maintains a 'Buy' rating on Brunswick (NYSE:BC) but lowers the price target from $100 to $97.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:28 pm

DG

Citigroup analyst Paul Lejuez has maintained a Neutral rating on Dollar General (NYSE:DG) and lowered the price target from $146 to $115.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:17 pm

AMAT

LRCX

Needham analyst Charles Shi has projected a growth in the Wafer Fab Equipments (WFE) sector, expecting it to reach $100 billion by 2025. Shi has upgraded Applied Materials, Inc. (AMAT) and Lam Research Corporation (LRCX) to 'Buy' from 'Hold', with price targets of $180 and $800 respectively. He believes AMAT's balanced exposure between memory and non-memory WFE will lead to growth in 2025, and LRCX will restore its market share to 15%+ by 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 6:16 pm

SCLX

B. Riley Securities analyst Mayank Mamtani initiates coverage on Scilex Holding (NASDAQ:SCLX) with a Buy rating and announces a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:22 pm

PANW

Keybanc has maintained its Overweight rating for Palo Alto Networks (NASDAQ:PANW) and increased its price target from $300.00 to $315.00. This would represent a 20.31% increase from the current share price. Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:00 pm

CEG

Constellation Energy (NASDAQ:CEG) has received 4 somewhat bullish and 2 indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to 6 analysts, is $115.17, with a high of $125.00 and a low of $106.00. This average price target has increased by 6.64% over the past month.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:00 pm