Streetbeat News

Price Targets

EXP

Truist Securities analyst Keith Hughes has reiterated a Buy rating on Eagle Materials Inc (EXP), raising the price target to $220 from $195. The company's Q1 2024 revenues rose 7% Y/Y to $601.5 million, with strong cement pricing and slower-than-expected wallboard results. Hughes expects the bottom of the wallboard market in the next two to three quarters, but no substantial contraction in earnings is anticipated. The company's plants are near sold-out conditions due to heavy demand, and double-digit pricing increases have been announced in about half their cement markets.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 7:00 pm

AMAM

RBC Capital Markets has initiated coverage on Ambrx Biopharma Inc (NASDAQ:AMAM) with an Outperform rating and a price target of $29. The analysts see potential for significant growth due to the company's promising prostate cancer program and an undervalued asset in Her2+ breast cancer. They believe the company's unique ADC constructs may provide therapeutic advantages over other products. If clear evidence of post-Enhertu activity emerges from the expected trial of ARX788 updates over the next 18 months, it could reignite enthusiasm for a substantial annual U.S. sales opportunity of approximately $400 million.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 6:50 pm

BAH

Truist Securities analyst Tobey Sommer has reiterated a Hold rating on Booz Allen Hamilton Holding Corporation (NYSE:BAH), raising the price target to $120 from $106. The company reported Q1 revenue growth of 18% YoY to $2.65 billion, beating the consensus of $2.51 billion. Sommer believes BAH is viewed as a relative AI leader in the Government Services space and estimates AI revenues of ~$400 million today, growing at a ~20% CAGR over the past five years.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 6:13 pm

WDAY

In the last quarter, Workday (NASDAQ:WDAY) received 7 bullish, 13 somewhat bullish, and 4 indifferent ratings from analysts. The company's average 12-month price target is $240.08, a 9.85% increase from the previous average of $218.55. No bearish or somewhat bearish ratings were observed.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:00 pm

SG

Piper Sandler analyst Brian Mullan upgraded Sweetgreen, Inc. (NYSE:SG) from Neutral to Overweight, raising the price target to $19 from $13. The upgrade is based on the potential of the company's new automated ordering technology, which is expected to significantly boost margins. The technology is expected to contribute to a 300 to 350 bps lift to SG's consolidated margins by the end of the decade.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 5:50 pm

LYFT

UBER

DA Davidson analyst Tom White reiterated a Buy rating for Uber Technologies, Inc (UBER) with a $62 price target. The rating was based on a comparison of trip prices and wait times between Uber and its main competitor, Lyft, Inc (LYFT). Uber's quoted rideshare prices were found to be ~3% lower than Lyft's, and its wait times were 31% shorter on average. Despite Lyft's recent pricing changes and increased US category share, mobile app engagement and download data suggest little change in the market share landscape.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 5:46 pm

URI

United Rentals shares are trading higher after Barclays maintained an Underweight rating on the stock but raised its price target from $315 to $325.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:38 pm

NIO

UBS has maintained a Neutral rating on NIO's stock and increased its price target from $13 to $15. This has led to NIO's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:36 pm

ORLY

RBC Capital has raised the price target for O'Reilly Automotive to $988 on Friday.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:30 pm

AVTR

Shares of Avantor are trading lower after several firms reduced their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:29 pm