Streetbeat News

Price Targets

OXY

Stephens analyst Mike Scialla has lowered the price target of Occidental Petroleum Corp (NYSE:OXY) to $69 from $72, citing a decline in projected realized natural gas and NGL prices and a higher expected LOE. The Q2 FY23 cash flow per share (CFPS) estimate has been reduced to $2.59, 10% below consensus. The Q2 EBITDA estimate has also been reduced by 13% to $3.22 billion. Morgan Stanley has also reduced OXY's price target to $60 from $63.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 7:19 pm

RBLX

Truist Securities analyst Matthew Thornton has reiterated a Hold rating on Roblox Corporation (RBLX), raising the price target to $45 from $42. Thornton believes AI will have a significant impact on RBLX's content creation and cost structure, particularly in Trust & Safety costs. He also expects RBLX to expand to other platforms, with Xbox accounting for at least 2% of RBLX bookings in 2022. Thornton estimates daily user growth of 23%/18%/15% in 2023/2024/2025 and views the forward consensus AEBITDA as too low in the short term.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 6:39 pm

EA

Truist Securities analyst Matthew Thornton has reiterated a Buy rating on Electronic Arts Inc. (NASDAQ:EA), raising the price target to $150 from $138. The analyst is optimistic about the company's long-term games pipeline and M&A optionality. Based on pipeline strength, the analyst raised the bookings outlook for Q1. EA shares are currently trading lower by 0.22% to $137.91.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 6:37 pm

SEDG

Barclays has maintained an Overweight rating on SolarEdge Technologies but lowered its price target from $390 to $359. This has led to a decrease in the trading price of SolarEdge shares.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:23 pm

ARGX

Argenx shares are trading higher after multiple firms raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:17 pm

TXN

Analysts have provided various ratings for Texas Instruments (NASDAQ:TXN) in the last quarter, with a total of 1 bullish, 4 somewhat bullish, 5 indifferent, and 1 somewhat bearish. Over the past 3 months, 11 analysts have offered 12-month price targets for Texas Instruments, with an average price target of $190.64, a high of $230.00, and a low of $159.00. The average price target has increased by 1.58% over the past month.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

PKG

Analysts have provided ratings for Packaging Corp of America (NYSE:PKG) in the last quarter, with 2 bullish and 5 indifferent ratings. The company has an average 12-month price target of $134.0, a decrease of 1.37% from the previous average price target of $135.86.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

CPT

BMO Capital Markets analyst John P. Kim upgraded Camden Property Trust (NYSE:CPT) to Outperform from Market Perform and increased the price target to $126 from $125. Kim expects CPT to 'mean-revert' in the near term due to its underperformance compared to peers. He is bullish on CPT's strong balance sheet and anticipates better FFO per share growth in 2024. Kim also expects a guidance raise due to a stronger employment background and lower-than-expected supply-related pressures.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:54 pm

NOPMF

Stifel analyst Ian Gillies has maintained a 'Hold' rating on Neo Performance Materials (OTC:NOPMF) and lowered the price target from $8.25 to $8.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:18 pm

CWXZF

Stifel analyst Ian Gillies has maintained a 'Hold' rating on Doman Building Materials (OTC:CWXZF) and lowered the price target from C$8 to C$7.75.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:13 pm