Streetbeat News

Price Targets

BA

Susquehanna analyst Charles P. Minervino reiterated a positive rating on Boeing (NYSE:BA) with a price target of $260, citing strong demand for fuel-efficient 737 aircraft and long-term growth potential. However, he also mentioned delays in defense contracts and margin risk affecting the Defense, Space & Security segment.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 7:04 pm

LLY

NVO

NVS

TERN

Mizuho initiated coverage on Terns Pharmaceuticals with a Buy rating and a price target of $16, implying a 35% upside. The analyst believes TERN-501 for NASH is the company's most de-risked asset and main driver of valuation. TERN-601 for obesity is considered Terns' hottest asset, while TERN-701 for chronic myeloid leukemia is the most underappreciated.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 6:54 pm

KBH

Credit Suisse analyst Daniel Oppenheim has reiterated a Neutral rating on KB Home (NYSE:KBH) and raised the price target from $42 to $51. The analyst increased the FY23 EPS estimate to $6.60 and FY24 EPS estimate to $5.95 due to higher orders and stronger closings. Over 13,000 closings are expected in 2023, with key upside risk being a sharp reduction in mortgage rates and improved affordability.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 6:43 pm

DLTR

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dollar Tree Inc (NASDAQ:DLTR) with a price target of $162. The company's strategic plan includes opening new stores, enhancing merchandising, and modernizing its IT infrastructure, which is expected to result in annual EPS growth of mid-to-high teens, reaching 2026 EPS of $10+.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 6:40 pm

EXAS

Exact Sciences Corporation (NASDAQ:EXAS) is poised to dominate the emerging precision oncology market, with a potential $18 billion market. Analysts reiterate Buy ratings and raise price targets, as the company's Cologuard test shows promising results and management remains confident in future growth prospects.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 6:38 pm

SM

Susquehanna analyst Biju Perincheril reiterated a Neutral rating on SM Energy Company (NYSE:SM) and raised the price target to $32 from $30. The company is expected to benefit from Austin Chalk exploration results, increased capital return, and improved operating costs. SM Energy recently added 20,000 acres in the Northern Midland Basin, targeting the Dean and Middle Spraberry sand intervals.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 6:04 pm

CRDO

In the last 3 months, 6 analysts have offered 12-month price targets for Credo Technology Group (NASDAQ:CRDO), with an average price target of $17.33, an 18.7% increase over the past month.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 6:01 pm

CELH

Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading higher after Wedbush raised its price target from $130 to $155, maintaining an Outperform rating. Analyst Gerald Pascarelli cites triple-digit growth, consumer takeaway trends, long-term US market share opportunity, and international expansion as catalysts for the stock.

Portfolio Pulse from Erica Kollmann

June 22, 2023 | 5:26 pm

EVTZF

Canaccord Genuity analyst Robert Young maintains a Buy rating on Evertz Technologies (OTC:EVTZF) and raises the price target from C$15 to C$19.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 5:09 pm

APYRF

Raymond James analyst Brad Sturges maintains an Outperform rating on Allied Properties REIT (OTC:APYRF) but lowers the price target from $29 to $26.5.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 5:03 pm