Streetbeat News

Price Targets

FGEN

Stifel analyst Annabel Samimy downgraded FibroGen (NASDAQ:FGEN) from Buy to Hold and lowered the price target from $28 to $11.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 6:35 pm

SHC

KeyBanc Capital Markets analyst Matthew Mishan upgraded Sotera Health Company (NASDAQ:SHC) to Overweight from Sector Weight, with a price target of $24. Mishan is confident in SHC's revenue growth outlook, citing improving medical device volumes and investments to support industry capacity.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2023 | 6:28 pm

UBER

Bernstein analyst Nikhil Devnani maintains an Outperform rating for Uber Technologies Inc (NYSE:UBER), raising the price target from $45 to $50, citing free cash flow acceleration and potential S&P index inclusion. Uber's market share and economics have improved as higher capital costs constrain smaller competitors.

Portfolio Pulse from Adam Eckert

June 26, 2023 | 6:08 pm

IONQ

Needham analyst N. Quinn Bolton reiterated a Buy rating on IonQ, Inc. (NYSE:IONQ) and raised the price target to $11 from $9. IonQ's strong cash balance, Forte 29-Qubit system, and first system sale transaction with QuantumBasel are expected to drive revenue growth.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2023 | 6:06 pm

TSM

A whale investor has taken a bullish stance on Taiwan Semiconductor (NYSE:TSM), with 55% of detected trades showing bullish expectations and 44% bearish. Whales have been targeting a price range of $55 to $150 for TSM over the last 3 months. Needham downgraded TSM to Buy with a price target of $118, while Susquehanna maintained a Positive rating with a price target of $128.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 6:01 pm

ENOV

Needham initiated coverage on Enovis Corp (NYSE:ENOV) with a Buy rating and a $70 price target, citing potential above-market growth in its Reconstructive segment through market share gains and accretive acquisitions. The analyst believes Enovis has room for margin improvement and views the stock as attractively valued.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 6:00 pm

FSLR

First Solar's stock price is trading lower after Bank of America Securities maintained a Neutral rating and lowered its price target from $232 to $202.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 5:46 pm

MELI

Unusual options activity has been observed for MercadoLibre (NASDAQ:MELI) with a bearish stance. Benzinga's options scanner spotted 34 uncommon options trades, with 38% bullish and 61% bearish sentiment. Whales have been targeting a price range of $800 to $1400 for MercadoLibre over the last 3 months. Citigroup maintains a Buy rating with a price target of $1500.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 5:31 pm

NVDA

VICR

Vicor Corp shares are trading higher by over 5% after Needham & Co. analyst N. Quinn Bolton raised the price target to $65.00 from $55.00 with a Buy rating. Bolton is bullish on Vicor's near-term performance and long-term prospects, expecting the company to benefit from higher demand for AI processors/XPUs and NVIDIA's A100/A800 GPU demand.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 5:23 pm