Streetbeat News

Price Targets

WMS

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Advanced Drainage Systems (NYSE:WMS) and raises the price target from $150 to $160.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:03 am

GL

Over the past 3 months, 5 analysts have published their opinion on Globe Life (NYSE:GL) stock. In the last 3 months, these analysts have offered 12-month price targets for Globe Life with an average price target of $128.4, an increase of 0.84% from the previous average price target of $127.33. The analysts' ratings are mixed with 3 being indifferent and 2 somewhat bearish.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:00 pm

REGN

Canaccord Genuity analyst John Newman has maintained a 'Hold' rating on Regeneron Pharmaceuticals (NASDAQ:REGN) and kept the price target at $720.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 8:15 pm

RACE

In the last quarter, Ferrari (NYSE:RACE) received 9 somewhat bullish and 1 indifferent analyst ratings. The company's average 12-month price target is $324.0, with a high of $340.00 and a low of $300.00. This average price target has increased by 2.05% over the past month.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

TENB

Stephens analyst Brian Colley initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with an Outperform rating and a price target of $60. Colley expects TENB to see continued growth due to its best-of-breed strategy, rising Tenable One adoption, asset coverage growth, OT security, cloud, and identity. He also sees attractive re-acceleration in topline growth above consensus expectations and solid valuation support given management's commitment to 2024 underlying FCF of $240 million-$250 million.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 7:25 pm

AMZN

ROST

TJX

BMO Capital Markets analyst Simeon Siegel reiterated an Outperform rating on Ross Stores, Inc. (ROST), raising the price target to $127 from $113. Siegel notes that ROST has been a prime beneficiary of the shift from department stores to off-price, and has proven insulated from Amazon's threat to retail. ROST recently reported Q2 sales up 5% YoY. The analyst raised FY23 and FY24 adjusted EPS and revenue estimates for ROST.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 7:05 pm

BHF

In the last quarter, Brighthouse Finl (NASDAQ:BHF) received indifferent ratings from 7 analysts. The company's average 12-month price target is $52.0, an increase of 4.29% from the previous average price target of $49.86.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm

BLBD

BofA Securities initiated coverage on Blue Bird Inc (NASDAQ:BLBD) with a Buy rating and a price target of $26.50. The analyst noted that Blue Bird has successfully revamped its financial metrics and is poised to dominate the school bus electrification market. The company anticipates over $1 billion in revenue from the EPA's clean school bus initiative. Blue Bird's backlog includes firm EV orders worth approximately $180 million.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 6:25 pm

ALVR

BofA Securities analyst Jason Zemansky initiated coverage on AlloVir Inc (NASDAQ:ALVR) with a Buy rating and a price target of $17. AlloVir is a clinical-stage biotech company advancing cell therapies for prevention/treatment of viruses in immunocompromised patients. The analyst sees a significant upside to the shares at current levels. ALVR shares are trading higher by 13.81% at $2.81 on the last check Friday.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 6:00 pm

AMZN

Mizuho analyst, James Lee, has reiterated a Buy rating on Amazon.Com Inc (NASDAQ:AMZN) and marked it as a top pick with a price target of $180.00. This is due to Amazon's AWS's innovative product launches and Gen-AI positioning. AWS has made significant strides in augmenting its services, including diverse model choices, a seamlessly integrated data framework for Gen-AI, and strategic cost management. Lee estimates a Q3 revenue of 141.39 billion and FY23 revenue of 573.58 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 5:55 pm