Streetbeat News

Price Targets

HCP

Needham analyst Alex Henderson reiterated a Buy rating on HashiCorp, Inc. (NASDAQ:HCP), raising the price target to $36 from $34. HashiCorp reported an Adjusted EPS loss of $(0.10) in Q2 FY24, beating the estimate of $(0.15). The company modestly raised guidance across the board, upping the growth outlook to 20%-21% for FY24. Henderson expects HCP to deliver solid margin leverage over time and believes that growth will rebound to 30%+ annually over the next several years.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 5:56 pm

EOSE

Guggenheim analyst Joseph Osha upgraded Eos Energy Enterprises Inc (NASDAQ:EOSE) to Buy from Neutral with a price target of $10. The upgrade follows Eos Energy's $400 million conditional loan commitment from the Department of Energy and the launch of Project AMAZE, a $500 million expansion for clean energy storage production. Despite potential challenges, the analyst believes Eos Energy's product portfolio is superior to other non-lithium-ion technology providers. B.Riley Securities and Stifel also increased their price targets for EOSE.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 5:51 pm

BABA

A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a slightly bearish stance. Of the 50 strange trades detected, 48% were bullish and 52% were bearish. The total amount for puts was $411,877 and for calls was $2,069,857. Whales have been targeting a price range from $25.0 to $255.0 for Alibaba over the last 3 months. The current price of BABA is up 2.65% at $95.36. Several financial institutions have maintained their positive ratings on Alibaba, with price targets ranging from $120 to $180.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:18 pm

DG

Piper Sandler analyst Peter Keith maintains a Neutral rating on Dollar General (NYSE:DG) and lowers the price target from $178 to $144.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:01 pm

CM

Canadian Imperial Bank (NYSE:CM) has received one somewhat bullish and three indifferent analyst ratings in the last quarter. The average 12-month price target for the company is $62.75, a decrease of 4.56% from the previous average of $65.75.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:01 pm

PAHC

Phibro Animal Health (NASDAQ:PAHC) has received two bullish and two indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to four analysts, is $19.25, with a high of $21.00 and a low of $17.00. This average price target has increased by 6.94% over the past month.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

ALB

Piper Sandler analyst Charles Neivert maintains an Overweight rating on Albemarle (NYSE:ALB), but lowers the price target from $275 to $255.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:00 pm

LAC

Piper Sandler analyst Charles Neivert has maintained an Overweight rating on Lithium Americas (NYSE:LAC) but lowered the price target from $33 to $29.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:59 pm

LTHM

Piper Sandler analyst Charles Neivert has maintained an Overweight rating on Livent (NYSE:LTHM), but lowered the price target from $38 to $33.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:56 pm

CVS

Piper Sandler analyst Jessica Tassan has maintained an Overweight rating on CVS Health (NYSE:CVS), but lowered the price target from $85 to $82.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:54 pm