Streetbeat News

Price Targets

DV

META

JMP Securities analyst Andrew Boone has raised the price target on DoubleVerify Holdings Inc (DV) to $45 from $35, reiterating Market Outperform. Boone sees a $90 million opportunity in the anticipated verification launch by Meta Platforms Inc (META) and DoubleVerify by the end of 2023. However, due to uncertainty around the rollout, only $40 million of this has been incorporated into 2024 projections. Boone expects the contribution margin for Meta brand safety revenue to be at least 80%.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 7:07 pm

AXSM

Over the past 3 months, 11 analysts have published their opinion on Axsome Therapeutics (NASDAQ:AXSM) stock. The company has an average price target of $115.45 with a high of $200.00 and a low of $87.00. The average price target has increased by 6.11% over the past month.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:01 pm

TS

Over the past 3 months, 5 analysts have published their opinion on Tenaris (NYSE:TS) stock. The company has an average price target of $41.96, representing a 3.92% decrease from the previous average price target of $43.67. The majority of the analysts are somewhat bullish on the stock.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:00 pm

MLTX

HC Wainwright has doubled the price target for MoonLake Immunotherapeutics (NASDAQ:MLTX) from $37 to $75 with a Buy rating, following positive results from its Phase 2 MIRA trial. The trial evaluated the Nanobody sonelokimab in patients with moderate-to-severe hidradenitis suppurativa (HS). The analyst raised the probability of approval for sonelokimab in HS and PsA to 70% and reduced the discount rate to 11% from 13%. MoonLake is also reportedly considering a potential sale.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 6:39 pm

MRK

A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $85.0 to $115.0 for Merck & Co over the last 3 months. Morgan Stanley and HSBC have downgraded their actions to Equal-Weight and Hold respectively, with price targets of $109 and $123.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm

ANET

Analysts have provided various ratings for Arista Networks (NYSE:ANET) within the last quarter, with 2 bullish, 5 somewhat bullish, and 2 indifferent. The company has an average 12-month price target of $176.22, an increase of 5.52% from the previous average price target of $167.00.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

AFL

Over the past 3 months, 6 analysts have published their opinion on Aflac (NYSE:AFL) stock. The company has an average price target of $72.67, an increase of 0.93% from the previous average price target of $72.00. The ratings are mixed with 1 bullish, 2 somewhat bullish, and 3 indifferent.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

VOYA

Four analysts have provided ratings for Voya Financial (NYSE:VOYA) in the last quarter, with one bullish, two somewhat bullish, and one indifferent. The average 12-month price target for Voya Financial is $83.0, a 1.78% decrease from the previous average price target of $84.50.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:00 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) announced that its cloud-based design and proposal software platform, Solargraf, is now available in Brazil. The company also received a price target change from Morgan Stanley analyst Andrew Percoco, who maintained an Equal-Weight rating but lowered the price target from $268 to $234. Shares of ENPH were up 5.95% at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 17, 2023 | 5:58 pm

LI

A significant amount of unusual options activity has been detected for Li Auto (NASDAQ:LI), with a majority of investors taking a bearish stance. The trades include 5 puts totaling $203,760 and 8 calls totaling $1,102,162. Whales have been targeting a price range from $20.0 to $55.0 for Li Auto over the last 3 months. The current price of LI is up 1.92% at $37.71, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:16 pm