Streetbeat News

Price Targets

GLOB

Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on Globant (NYSE:GLOB) and raises the price target from $209 to $230.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:09 am

CIVI

In the last quarter, Civitas Resources (NYSE:CIVI) received 2 bullish, 2 somewhat bullish, and 3 indifferent analyst ratings. Over the past 3 months, 7 analysts have offered 12-month price targets for the company, with an average price target of $94.29, a high of $102.00, and a low of $87.00. The average price target has increased by 5.23% over the past month.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 8:00 pm

NUVL

Shares of Nuvalent are trading higher following JP Morgan and BMO Capital's decision to raise their price targets on the stock.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:50 pm

AME

ITW

PH

BofA Securities analyst Andrew Obin upgraded Parker-Hannifin Corp (PH) from Neutral to Buy and raised the price target from $435 to $475. The analyst cited PMI trends and the accretion from the Meggitt acquisition as reasons for the upgrade. Parker-Hannifin is committed to $300 million in synergies by FY26 and is targeting ~$75 million in run-rate savings for Meggitt exiting FY24. The analyst also compared PH's growth and returns to peers like Illinois Tool Works Inc. (ITW) and AMETEK, Inc.(AME).

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 7:41 pm

SQM

JP Morgan has maintained an Overweight rating on Sociedad Quimica Y Minera (SQM) but lowered its price target from $93 to $75. This has led to a decrease in SQM's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:35 pm

ISTR

Piper Sandler analyst Graham Dick upgraded Investar Holding Corp (NASDAQ:ISTR) to Overweight from Neutral with a price target of $13.5. The upgrade is due to the analyst's view of valuation 'becoming unreasonably depressed' given the bank's modest earnings outlook. The analyst revised EPS estimates to $1.73 for FY23 and $1.14 for FY24, assuming slightly better near-term net interest margins on lower average borrowings. However, the net interest margin is expected to have less growth in FY24 amid a 'higher for longer' environment.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 7:05 pm

CMBM

Northland Capital Markets analyst Tim Savageaux has maintained an 'Outperform' rating on Cambium Networks (NASDAQ:CMBM), but lowered the price target from $17.5 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:59 pm

PEGY

Northland Capital Markets has maintained an 'Outperform' rating on Pineapple Energy (NASDAQ:PEGY) but lowered the price target from $3.7 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:56 pm

FSLY

Raymond James analyst Frank Louthan has reiterated a Strong Buy rating on Fastly (NYSE:FSLY) and maintained a $25 price target.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:54 pm

PTON

Evercore ISI Group analyst Shweta Khajuria maintains an In-Line rating on Peloton Interactive (NASDAQ:PTON) but lowers the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:48 pm