Streetbeat News

Price Targets

PGY

JMP Securities analyst David M. Scharf initiated coverage on Pagaya Technologies Ltd. (NASDAQ:PGY) with a Market Outperform rating and a price target of $2.75. Scharf believes that the company's funding model and credit analytics have addressed funding disruptions and expects the company to benefit from expansion into new markets. He also expects robust revenue and EBITDA growth for the company in the coming years.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 7:10 pm

CHD

Truist Securities analyst Bill Chappell has upgraded Church & Dwight Company, Inc. (NYSE:CHD) from Hold to Buy with an increased price target from $95 to $105. The upgrade is based on CHD's strong Q2 results and increased guidance above the Street for the second time this year. Chappell believes CHD is 'largely out of the woods' from the post-pandemic reversion and sees further upside to margin and EPS estimates.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 6:32 pm

CIEN

Needham analyst Alex Henderson has reiterated a Buy rating on Ciena Corporation (NYSE:CIEN), but lowered the price target from $60 to $50. Ciena's short-term growth has been hampered by service provider inventory corrections and delivery schedule changes. However, Henderson believes that Ciena's long-term growth prospects outweigh these short-term issues, with strong demand, share gains, and a normalized supply chain setting the company up for 8%-10% growth. The analyst also lowered FY23 and FY24 EPS and revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 6:27 pm

COST

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) with a price target of $575. Feldman forecasts a total comparable sales of 2.4% versus 10.1% last year and a digital sales increase of 5.0% versus 3.9% last year. He expects Costco to continue generating high-single-digit to low-double-digit EPS growth in FY23 and FY24.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 6:14 pm

HT

BMO Capital analyst Ari Klein maintains a Market Perform rating on Hersha Hospitality (NYSE:HT) and raises the price target from $7 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 5:09 pm

CPG

CIBC analyst Jamie Kubik has maintained an 'Outperformer' rating on Crescent Point Energy (NYSE:CPG) but lowered the price target from C$15 to C$14.75.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 4:40 pm

ASO

Gordon Haskett analyst Eric Cohen has downgraded Academy Sports (NASDAQ:ASO) from Accumulate to Hold and lowered the price target from $56 to $52.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:53 pm

KIM

Compass Point analyst Floris Van Dijkum has upgraded Kimco Realty (NYSE:KIM) from Neutral to Buy and announced a $22 price target.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:52 pm

WULF

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on TeraWulf (NASDAQ:WULF) and maintained a $4 price target.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:50 pm

RIOT

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT) and maintained a $23 price target.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:50 pm