Streetbeat News

Price Targets

AAPL

Morgan Stanley analyst Erik W Woodring has reiterated an Overweight rating on Apple Inc (NASDAQ:AAPL) and raised the price target from $190 to $220. Woodring is bullish on India as an emerging growth driver for Apple, forecasting the country to account for 15% of Apple's revenue growth and 20% of installed base growth over the next five years. Despite India currently accounting for only 2% of Apple's revenue growth, recent investments in brand awareness, local manufacturing, and affordability programs, combined with India's economic boom and growing digitization, are expected to set the stage for India to become Apple's next growth frontier.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 4:27 pm

WMB

CIBC has initiated coverage on Williams Companies (NYSE:WMB) with a Neutral rating and a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:25 pm

FLNC

Morgan Stanley has maintained an Equal-Weight rating on Fluence Energy's stock and increased its price target from $26 to $30. This has led to a rise in Fluence Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:24 pm

MLTX

MoonLake Immunotherapeutics is reportedly exploring a sale, which has led to a rise in its share prices. Additionally, HC Wainwright & Co has increased its price target for the company from $37 to $75.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:23 pm

WFC

Wells Fargo & Co (WFC) reported Q2 EPS of $1.25, beating the consensus of $1.15, with revenues of $20.53 billion, up 21% Y/Y. The profit surged 57% to $4.9 billion. For 2023, net interest income is expected to be ~14% higher than the FY22 level. However, analysts have mixed views, with some lowering estimates and adjusting price targets due to lower revenues, higher share counts, and increased headwinds from eventual rate cuts and new capital regulations.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 4:23 pm

BKI

Truist Securities analyst Andrew Jeffrey has downgraded Black Knight (NYSE:BKI) from Buy to Hold, while raising the price target from $60 to $75.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:23 pm

IONQ

Benchmark has maintained a Buy rating on IonQ's stock and increased its price target from $8 to $17, leading to a rise in IonQ's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

RUN

Morgan Stanley has maintained an Overweight rating on Sunrun's stock and increased its price target from $30 to $39. This has led to Sunrun's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

FYBR

Frontier Communications Parent's stock has been downgraded from Buy to Neutral by Citigroup, which also lowered its price target from $30 to $17. This has led to a decrease in the trading value of the shares.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

QBTS

Benchmark has maintained a Buy rating on D-Wave Quantum's stock and increased its price target from $2 to $3. This has resulted in D-Wave Quantum's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:18 pm