Streetbeat News

Price Targets

SCHW

Raymond James analyst Patrick O'Shaughnessy has maintained an Outperform rating on Charles Schwab (NYSE:SCHW) and raised the price target from $64 to $77.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 8:18 am

AMD

CAMT

COHR

LITE

MRVL

MTSI

NVDA

ON

BofA analyst Vivek Arya has made several changes to his ratings and price targets for semiconductor companies. He upgraded Camtek Ltd (CAMT) to Buy and raised the price target to $50 from $30. He downgraded Coherent Corp (COHR) and MACOM Technology Solutions Holdings, Inc (MTSI) to Neutral, raising their price targets to $55 and $72 respectively. Lumentum Holdings Inc (LITE) was downgraded to Underperform with a price target of $50. Arya also raised price targets for Nvidia Corp (NVDA), Marvell Technology, Inc (MRVL), and ON Semiconductor Corp (ON). However, he reduced Advanced Micro Devices, Inc's (AMD) price target to $130 from $135.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 8:00 pm

UBER

Uber's stock price is expected to rise following Roth MKM's decision to increase its price target for the company from $46 to $59.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:30 pm

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