Streetbeat News

Price Targets

ARCB

YELL

Stifel analyst J. Bruce Chan has reiterated a Buy rating on ArcBest Corporation (ARCB), raising the price target to $134 from $125. ArcBest is expected to benefit from the potential liquidation of industry peer Yellow Corporation (YELL). Despite recent Q2 results falling below consensus, the company's new 'dynamic pricing' freight strategy and industry tailwinds are expected to aid earnings growth and margin expansion.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 10:12 am

META

Argus Research analyst Joseph Bonner maintains a 'Buy' rating on Meta Platforms (NASDAQ:META) and raises the price target from $353 to $375.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:12 am

CAMT

Northland Capital Markets analyst Gus Richard maintains an Outperform rating on Camtek (NASDAQ:CAMT) and raises the price target from $37 to $55.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:12 am

TREX

B. Riley Securities analyst Alex Rygiel maintains a 'Buy' rating on Trex Co (NYSE:TREX) and raises the price target from $64 to $81.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:11 am

ZI

Canaccord Genuity analyst David Hynes has maintained a 'Buy' rating on ZoomInfo Technologies (NASDAQ:ZI) but lowered the price target from $32 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:11 am

IMGN

Canaccord Genuity analyst John Newman maintains a 'Buy' rating on Immunogen (NASDAQ:IMGN) and raises the price target from $23 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:11 am

HLIT

Northland Capital Markets analyst Tim Savageaux maintains an Outperform rating on Harmonic (NASDAQ:HLIT) but lowers the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:10 am

NAVI

Compass Point analyst Giuliano Bologna maintains a Neutral rating on Navient (NASDAQ:NAVI) and lowers the price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:10 am

SOFI

B of A Securities analyst Mihir Bhatia maintains a Neutral rating on SoFi Techs and raises the price target from $10 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:10 am

APP

Stifel analyst David Pang has reiterated a Buy rating on Applovin Corporation (NASDAQ:APP), raising the price target to $36 from $22.50. Pang forecasts growth in Applovin's software platform business in Q2, with AEBITDA growth of +9% y/y to $294 million. The software platform revenue is expected to contribute 51% of total revenues, increasing by 17% y/y (+5% q/q) to $372 million. Pang also raised Applovin's forecast for AEBITDA of $1.202 billion and $1.386 billion for 2023 and 2024, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 10:10 am