Markets

Insider Trading

Hedge Funds

Retirement

Opinion

10 Stocks Receiving Price Target Hikes After Earnings Beat

In this article, we will discuss the 10 stocks receiving price target hikes after earnings beat. If you want to see more such stocks on the list, you can directly visit 5 Stocks Receiving Price Target Hikes After Earnings Beat.

The fourth-quarter earnings season is underway, with Tesla, Inc. (NASDAQ:TSLA), Mastercard Incorporated (NYSE:MA) and Visa Inc. (NYSE:V) among the notable stocks recently posting their results.

Meanwhile, analysts continue to update their price targets for stocks following earnings. Tesla, Inc. (NASDAQ:TSLA), Mastercard Incorporated (NYSE:MA) and Visa Inc. (NYSE:V) also received price target hikes from analysts after beating profit expectations for Q4.

Moreover, industrials stocks, including General Electric Company (NYSE:GE) and Lockheed Martin Corporation (NYSE:LMT), also made it to the list of 10 stocks receiving price target hikes after earnings beat. Check out the remaining article to find the details of these price actions.

10. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 48

Susquehanna lifted its price target for Halliburton Company (NYSE:HAL) from $51 per share to $57 per share on Wednesday, January 25, following its Q4 results. Analyst Charles Minervino praised a 33 percent surge in dividend announced in the latest quarterly report. Besides, he predicted a double-digit sales growth for the company’s North American segment.

Halliburton Company (NYSE:HAL) recently reported adjusted earnings of 72 cents per share for the quarter ended December 31. Analysts, on average, were looking for earnings of 67 per share.

In addition, Halliburton Company (NYSE:HAL) posted revenue of $5.582 billion, up 30.5 percent on a year-over-year basis and above analysts’ average estimate of $5.580 billion. Moreover, the oil field service giant announced a dividend of 16 cents per share for Q1, up from 12 cents per share in the prior quarter.

9. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 53

JPMorgan raised its price target for General Electric Company (NYSE:GE) from $45.50 per share to $50 per share on Friday, January 27. The price-target hike came a couple of days after the Massachusetts-based industrial conglomerate exceeded Q4 estimates on solid demand for its power equipment and aircraft engines.

General Electric Company (NYSE:GE) earned $1.24 per share on an adjusted basis, up from 82 cents per share in the year-ago period and above the consensus of $1.13 per share. In addition, adjusted sales for the quarter rose 11 percent versus last year to $21 billion.

On the downside, General Electric Company (NYSE:GE) offered a weak sales outlook for the full year amid persistent challenges in its renewable energy segment. GE projected adjusted earnings in the range of $1.60 to $2 per share, against the consensus of $2.36 per share.

8. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 53

Lockheed Martin Corporation (NYSE:LMT) is next on the list of 10 stocks receiving price target hikes after earnings beat. The security and aerospace giant reported adjusted earnings of $7.79 per share for the fourth quarter, up from $7.22 per share in the year-ago period.

In addition, Lockheed Martin Corporation (NYSE:LMT) posted revenue of $19 billion, up from $17.7 billion in the corresponding quarter of 2021. The results exceeded the consensus of $7.39 per share for earnings and $18.27 billion for revenue.

Subsequently, research firm Susquehanna raised its price target for Lockheed Martin Corporation (NYSE:LMT) from $510 per share to $512 per share on January 25 after the latest earnings beat.

7. Raytheon Technologies Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 55

Raytheon Technologies Corporation (NYSE:RTX) recently announced its fourth-quarter profit above expectations. As a result, Citi increased its price target for the aerospace and defense conglomerate from $104 per share to $106 per share on Thursday, January 26.

The company reported adjusted earnings of $1.27 per share, compared to $1.08 per share in the same period of the prior year. Revenue came in at $18.1 billion, up 6 percent over the comparable period of 2021.

Analysts expected Raytheon Technologies Corporation (NYSE:RTX) to earn $1.24 per share on revenue of $18.15 billion. Among other updates, Raytheon announced that it repurchased $408 million worth of its common stock during Q4.

Like Raytheon Technologies Corporation (NYSE:RTX), analysts also updated their price targets for Tesla, Inc. (NASDAQ:TSLA), Mastercard Incorporated (NYSE:MA) and Visa Inc. (NYSE:V).

6. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders: 57

RBC Capital raised its price target for Freeport-McMoRan Inc. (NYSE:FCX) from $40 per share to $47 per share on Thursday, January 26. Analyst Sam Crittenden was primarily moved by the company’s Q4 earnings beat. Crittenden believes the mining company is well set to capitalize on the higher copper and gold prices this year.

Freeport-McMoRan Inc. (NYSE:FCX) reported adjusted earnings of 52 cents per share for the three months ended December 31, crushing the expectations of 43 cents per share. Revenue came in at $5.76 billion, against the consensus of $5.42 billion.

Discussing the results, CEO of Freeport-McMoRan Inc. (NYSE:FCX), Richard C. Adkerson, said in a statement:

“The Freeport team’s performance in 2022 was solid. We achieved another year of growth in production volumes and enhanced our position as a leading producer of copper. I am particularly proud of the notable successful execution of our long-term projects in Indonesia and the significant accomplishments of our entire global team to address challenges faced by the global mining industry.”

Click to continue reading and see 5 Stocks Receiving Price Target Hikes After Earnings Beat.

Suggested articles:

Disclosure: None. 10 Stocks Receiving Price Target Hikes After Earnings Beat is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

  • The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
  • Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
  • Lifetime Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

  1. Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
  2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
  3. Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

Insanely Accurate Timing Model Says Bitcoin is Going to $100K

You see, there is a phenomenon happening right now that’s never been seen before in the crypto market.

Not just one – but three extremely bullish signals are going off …

At almost the exact same time.

We predict that this convergence of events is going to have a massive effect on crypto prices.

Far beyond the gains we’ve seen over the last couple of months.

Because as we’ll show you over the next few moments…

Each of these bullish events on its own is enough to drive Bitcoin and other cryptos to new highs.

But when all three come together at the same time, as they are expected to over the next few weeks.

It could mean a crypto bull market of unprecedented proportions.

Even bigger than previous bull markets where select coins brought back returns like:

– 2,001%

– 5,400%

– 10,200%

– 23,400%

Our special guest today, Juan Villaverde, says the recent run up in the price of Bitcoin, Ethereum and a handful of other coins is just a preview of what’s to come.

He believes once-in-a-lifetime crypto gains are in front us …

And it’s because of this great convergence of bullish events happening all at the same time.

In the next few weeks …

Maybe even sooner.

Click to continue reading…