Streetbeat News

Price Targets

Z

Over the past 3 months, 4 analysts have published their opinion on Zillow Gr (NASDAQ:Z) stock. The company has an average price target of $52.25 with a high of $62.00 and a low of $42.00. This average price target has increased by 10.0% over the past month.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:01 pm

COTY

Analysts have provided various ratings for Coty (NYSE:COTY) within the last quarter, with 4 bullish, 2 somewhat bullish, and 6 indifferent. The average 12-month price target for Coty is $13.15, which has increased by 9.58% over the past month.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:00 pm

ATVI

EA

MSFT

Benchmark analyst Mike Hickey has maintained a Buy rating for Electronic Arts Inc (EA) and raised the price target from $150 to $159. Hickey predicts medium-term growth for EA, driven by the success of Star Wars Jedi Survivor and a strong product cycle. He also suggests that EA could be a prime candidate for acquisition if Microsoft's purchase of Activision Blizzard leads to further consolidation in the gaming industry.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 7:55 pm

HUBS

RBC Capital Markets analyst Rishi Jaluria has reiterated an Outperform rating on HubSpot, Inc. (NYSE:HUBS), raising the price target to $625 from $500. The analyst sees stable demand trends for HubSpot, with in-line to slightly softer new customers but better existing customer expansions. The analyst also presented 'cautious optimism' for HUBS in 2H, with sustained multi hub adoption. For FY23 and FY24, the analyst forecasts revenues of $2.085 billion and $2.457 billion, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 6:50 pm

MU

PSTG

STX

WDC

Credit Suisse analyst Shannon Cross has forecasted weak 4Q23 results for Seagate Technology Holdings PLC (STX) and Western Digital Corp (WDC) due to ongoing weakness in the storage market. She reduced Seagate's target price to $52 from $54 and maintained Western Digital's target price at $41. She also reduced her 4Q23 revenue and EPS estimates for both companies. The analyst cited geopolitical tensions between the U.S. and China as a critical risk factor for both companies. STX and WDC shares traded lower.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 6:37 pm

TFII

YELL

BMO Capital Markets analyst Fadi Chamoun has reiterated the Market Perform rating on TFI International Inc. (TFII), raising the price target to $125 from $105. This is due to the potential restructuring of Yellow Corporation (YELL), which could result in lower industry capacity and freight diversion to other LTL networks. TFII is expected to benefit from this disruption, with potential valuation up to $150 in a YELL bankruptcy scenario. However, TFII's FY23 revenues are expected to fall 13.2% to $7.65 billion, with adjusted EPS slumping 17.6% to $6.61.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 6:33 pm

WSO

Mizuho Securities analyst Brett Linzey initiated coverage on Watsco Inc (NYSE:WSO) with a Neutral rating and a price target of $360. Linzey believes WSO has a strong market position, including a large residential replacement market and a strong foothold in the Sunbelt region. He expects the company to continue gaining market share and invest in e-commerce and technology enhancement. However, he is cautious about potential adverse changes in weather, weak consumer confidence, and residential replacement cycling off-peak. Linzey expects revenues and adjusted EPS of $7.52 billion and $14.50 for 2023 and $7.85 billion and $15.00 for 2024, respectively.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 6:08 pm

TTD

Needham analyst Laura Martin has reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:TTD) and raised the price target to $100 from $80. TTD is the largest AdTech company under the analyst's coverage and is expected to benefit from the latest Generative AI trends. The company has been growing its revenues by more than 20% per year, and this trend is expected to continue through 2025. The analyst also praised TTD's strength in EBITDA margins, which have expanded from 32% in 2019 to 42% in 2022.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 5:50 pm

FRSH

JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Freshworks (NASDAQ:FRSH) and raises the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:14 pm

FROG

JP Morgan analyst Pinjalim Bora maintains an Overweight rating on JFrog (NASDAQ:FROG) and raises the price target from $29 to $33.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:13 pm