Streetbeat News

Price Targets

EGP

Keybanc analyst Todd Thomas maintains an Overweight rating on EastGroup Props (NYSE:EGP) and raises the price target from $174 to $188.

Portfolio Pulse from richadhand@benzinga.com

July 12, 2023 | 8:18 am

AVB

Keybanc analyst Austin Wurschmidt maintains an Overweight rating on AvalonBay Communities (NYSE:AVB) and raises the price target from $193 to $205.

Portfolio Pulse from richadhand@benzinga.com

July 12, 2023 | 8:16 am

GOL

In the last quarter, Gol Intelligent Airlines (NYSE:GOL) received indifferent ratings from 4 analysts. The company's average 12-month price target is $4.91, with a high of $5.65 and a low of $3.50. This average price target has increased by 19.76% over the past month.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 9:00 pm

SLNO

Cantor Fitzgerald has initiated coverage on Soleno Therapeutics Inc with an Overweight rating and a price target of $19. Soleno's lead program, DCCR, is in Phase 3 development for Prader-Willi Syndrome (PWS), and the analyst expects positive findings in 3Q23. Despite disappointing Phase 3 trial data three years ago, the analyst sees the upside potential as much higher than any downside risk due to the unmet need in the PWS market.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 7:38 pm

CRBU

Truist Securities has initiated coverage on Caribou Biosciences with a Buy rating and a $23 price target, leading to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 7:38 pm

AFRM

Mizuho analyst Dan Dolev reiterated a Buy rating on Affirm Holdings Inc (NASDAQ:AFRM), raising the price target to $20 from $17. The analyst is bullish on AFRM's recently launched Debit+ card, which he believes holds potential for ~250% volume CAGR through FY26. The analyst raised FY24 and FY25 total revenue estimates based on the anticipated success of Debit+.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 7:35 pm

ABNB

Needham has raised its price target on Airbnb's stock from $150 to $160, leading to a rise in Airbnb's share prices.

Portfolio Pulse from Bill Haddad

July 11, 2023 | 7:11 pm

ABNB

Needham analyst Bernie McTernan has reiterated a Buy rating on Airbnb, Inc. (NASDAQ:ABNB), raising the target price to $160 from $150. The analyst is optimistic about Airbnb's positioning to benefit from the reopening of the economy and pent-up demand for travel. Revenue estimates for 2Q and FY23 have been raised, and the company is expected to see organic bookings accelerate. ABNB shares are trading higher by 2.93% to $135.57.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 6:45 pm

CVX

Mizuho Securities USA analyst Nitin Kumar reiterated a Neutral rating on Chevron Corporation (NYSE:CVX) and raised the price target from $202 to $205. The analyst expects well performance in the Permian to be the main focus for investors in 2Q23 earnings, following the underperformance of Delaware wells in 2022. The analyst also sees signs of well productivity improvements and expects total production of 2,954kboed, slightly above the guided -80kboed. However, the analyst forecasts a miss vs. consensus for EBITDA / FCF / EPS, lower by 12%, 15%, and 6%.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 6:43 pm

AEP

CFRA analyst Daniel Rich has upgraded American Electric Power (NASDAQ:AEP) from Hold to Buy and raised the price target from $98 to $99.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 6:18 pm