Streetbeat News

Price Targets

VTEX

DA Davidson analyst Franco Granda reiterated a Buy rating on VTEX (NYSE:VTEX) and raised the price target to $5.50 from $5.00. Granda believes VTEX is well set for a solid 2H and applauds the company's strategic partnership with Google Pay, which strengthens its international expansion prospects.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 7:06 pm

PLNT

In the last 3 months, 11 analysts have provided 12-month price targets for Planet Fitness (NYSE:PLNT), with an average price target of $83.55, down 10.48% from the previous average of $93.33. The ratings include 3 bullish, 6 somewhat bullish, 1 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 7:02 pm

STKL

Stephens & Co analyst Jim Salera initiated coverage on SunOpta Inc (NASDAQ:STKL) with an Overweight rating and a price target of $10. Salera believes STKL is well-positioned to capitalize on the shift to non-dairy alternatives and estimates FY23 sales of $1.03 billion and FY24 revenue of $1.14 billion.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 7:00 pm

MDB

Truist Securities analyst Miller Jump reiterated a Buy rating on MongoDB, Inc. (NASDAQ:MDB) and raised the price target to $420 from $365. The analyst views the rollout of Atlas Stream Processing and Vector Search as two areas that will expand the monetizable opportunity for the company mid-term. MongoDB's sales productivity and margin performance are also praised.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 6:40 pm

CHWY

FDX

WOOF

Roth MKM analyst David Bellinger reiterated a Buy rating on Chewy Inc (NYSE:CHWY) with a price target of $52, citing better-than-expected Q1 results and potential for 2-3 million new customers in Toronto. The analyst also noted Chewy's expanding margin profile and benefits from automation.

Portfolio Pulse from Shivani Kumaresan

June 23, 2023 | 6:35 pm

DRI

Truist Securities analyst Jake Bartlett reiterated a Buy rating on Darden Restaurants, Inc. (NYSE:DRI) and raised the price target to $177 from $163. Bartlett believes DRI is well-positioned for growth with accelerating market share gains and development, despite macro pressures.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 6:32 pm

ALGN

Align Tech Inc.'s stock price dropped 1.88% to $328.11 in the current market session, but increased 14.97% over the past month and 31.15% over the past year. The company's P/E ratio of 81.66 is higher than the Health Care Equipment & Supplies industry average of 53.47, suggesting potential overvaluation.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 6:31 pm

FSLY

Fastly Inc (FSLY) received mixed reviews from analysts after its Analyst Day in New York. Credit Suisse raised its price target from $14 to $16, while RBC Capital raised its target from $9 to $11. Oppenheimer maintained a Perform rating, and Raymond James reiterated a Strong Buy rating with a $25 price target. KeyBanc maintained a Sector Weight rating. Analysts acknowledged the company's strategic changes but expressed concerns about competition and growth.

Portfolio Pulse from Anusuya Lahiri

June 23, 2023 | 6:28 pm

EXAS

Exact Sciences Corp announced positive topline results from the BLUE-C study, showing improved performance of next-generation Cologuard. Canaccord Genuity reiterated its Buy rating and increased the price target to $115 from $92. The company expects to achieve positive free cash flow in 2Q23.

Portfolio Pulse from Vandana Singh

June 23, 2023 | 6:23 pm

SOVO

Stephens & Co. analyst Jim Salera initiated coverage of Sovos Brands Inc (NASDAQ:SOVO) with an Overweight rating and a price target of $23. Salera sees SOVO's diversified portfolio, including Rao's Italian pasta sauces, as a key growth driver and well-positioned to capitalize on consumers' increased interest in BFY products.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 6:22 pm