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COST

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST), raising the price target from $600 to $625. Costco reported a solid November comp of 3.5%, with core merchandise comp at 4.4%. Traffic increased by 4.8% while the average ticket decreased by 1.3%. Costco is expected to continue as a share gainer with high membership renewal rates and is projected to generate solid EPS growth in FY24. The analyst has raised the 1Q24 EPS estimate to $3.36 from $3.32. COST shares are trading slightly lower at $587.35.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 7:09 pm

DLTR

Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Dollar Tree (NASDAQ:DLTR) and increased the price target from $129 to $135.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:09 pm

SNOW

JMP Securities analyst Joe Goodwin has maintained a Market Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $200 to $212.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:04 pm

UBER

Uber Technologies could be announced as a new addition to the S&P 500 index during the quarterly index rebalancing, which may occur as soon as Friday, according to Barron's.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:03 pm

NTNX

JMP Securities analyst Erik Suppiger has maintained a Market Outperform rating on Nutanix (NASDAQ:NTNX) and increased the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:02 pm

IDYA

JP Morgan analyst Anupam Rama has maintained an Overweight rating on IDEAYA Biosciences (NASDAQ:IDYA) and increased the price target from $35 to $41, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:00 pm

PDCO

Over the past 3 months, 4 Wall Street analysts have provided ratings for Patterson Companies (NASDAQ:PDCO), with an average 12-month price target of $32.75, a high of $35.00, and a low of $30.00. The current average price target represents a 12.27% decrease from the previous target of $37.33. The consensus among the analysts is largely indifferent, with 3 indifferent ratings and 1 somewhat bullish rating in the last 30 days.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 7:00 pm

SNPS

Synopsys, Inc (NASDAQ:SNPS) sees a record backlog of $8.6 billion in Q4, with analysts from Needham, KeyBanc Capital Markets, and Stifel raising their price targets due to the company's strong performance and fundamental strength. Synopsys reported a 25% year-over-year increase in quarterly revenue at $1.599 billion and provided an FY24 outlook with 13% revenue growth and operating margin expansion. The company is exploring strategic alternatives for its Software Integrity business and maintains a strong position in the EDA and IP sectors, particularly for AI startups. Despite trading lower, analysts justify the premium valuation due to the company's recurring business model and industry-leading profitability.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 6:58 pm

FIVE

JP Morgan analyst Matthew Korn has maintained an Overweight rating on Five Below (NASDAQ:FIVE) and increased the price target from $210 to $212.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:53 pm

KKR

JMP Securities analyst Brian McKenna has maintained a Market Outperform rating on KKR & Co (NYSE:KKR) and increased the price target from $80 to $87.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:52 pm