Streetbeat News

Revenues

FCX

Analysts have mixed ratings for Freeport-McMoRan (NYSE:FCX), with a recent average price target of $57.5, up from $55.75. The company shows strong revenue growth but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:00 pm

IR

Ingersoll Rand (NYSE:IR) has received mixed analyst ratings, with a recent average 12-month price target of $100.88, reflecting a slight increase. Analysts have adjusted their ratings and price targets, indicating varied expectations for the company's performance. Despite strong revenue growth, Ingersoll Rand faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:00 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market over the past 20 years, with an annualized return of 12.27%. A $100 investment in IDXX 20 years ago would now be worth $987.53, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:00 pm

CI

Over the past three months, 8 analysts have shared their insights on Cigna (NYSE:CI), with all expressing a somewhat bullish sentiment. The average 12-month price target for Cigna is $404.75, slightly down from the previous $405.83. Analysts have maintained or raised their ratings, with price targets ranging from $388 to $435. Cigna's financial performance is strong, with notable revenue growth and profitability metrics.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:00 pm

CSGP

CoStar Group (NASDAQ:CSGP) has significantly outperformed the market over the past 15 years, with an average annual return of 21.67%. A $1000 investment in CSGP 15 years ago would now be worth $18,821.15, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:00 pm

FTXN

OILT

OXY

WES

Occidental Petroleum (NYSE:OXY) has announced a $3 billion debt reduction in Q3 2024, driven by strong cash flow and divestitures. The company aims to meet 85% of its $4.5 billion debt reduction target. OXY shares rose 0.51% following the news.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 3:58 pm

AMZN

GOOGL

MSFT

Needham analyst Laura Martin reiterates a Buy rating for Alphabet Inc (GOOGL) with a $210 price target, citing strong macro conditions, political ad spending, and AI integrations. Google and Amazon are seen as leaders in the GenAI space, with significant investments expected in 2024.

Portfolio Pulse from Anusuya Lahiri

August 19, 2024 | 3:46 pm

SPSC

SPS Commerce (NASDAQ:SPSC) has significantly outperformed the market over the past decade, with an average annual return of 21.31%. A $1000 investment in SPSC 10 years ago would now be worth $7,003.43, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:30 pm

TPL

Texas Pacific Land (NYSE:TPL) has significantly outperformed the market over the past decade, with an annualized return of 43.64%. A $1000 investment in TPL 10 years ago would now be worth $37,296.81. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:30 pm

GTES

Gates Industrial Corp (NYSE:GTES) has been evaluated by 6 analysts over the past three months, showing a range of opinions from somewhat bullish to indifferent. The average 12-month price target is $19.33, with a high of $22.00 and a low of $16.00. Recent analyst actions include both raises and lowers in ratings and price targets. Financially, Gates Industrial faces challenges with declining revenue, low net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:01 pm