Netflix To Rally Over 25%? Here Are 10 Other Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Several analyst firms have updated their price targets for various US-listed companies, including Netflix, J.B. Hunt Transport Services, Couchbase, SpartanNash, XPO, Core & Main, Phillips 66, The Trade Desk, THOR Industries, Ciena Corporation, and The J. M. Smucker Company.

June 07, 2023 | 12:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Rosenblatt cut Ciena Corporation's (NYSE:CIEN) price target from $65 to $57, maintaining a Buy rating.
The reduced price target by Rosenblatt indicates a less optimistic outlook for Ciena Corporation, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen cut the price target for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) from $185 to $183, maintaining a Market Perform rating.
The reduced price target by TD Cowen indicates a less optimistic outlook for J.B. Hunt Transport Services, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Raymond James slashed Phillips 66's (NYSE:PSX) price target from $135 to $125, maintaining an Outperform rating.
The reduced price target by Raymond James indicates a less optimistic outlook for Phillips 66, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bernstein raised The J. M. Smucker Company's (NYSE:SJM) price target from $135 to $142, maintaining an Underperform rating.
Despite the increased price target, Bernstein maintains an Underperform rating for The J. M. Smucker Company, indicating a less optimistic outlook, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BMO Capital cut SpartanNash Company's (NASDAQ:SPTN) price target from $29 to $23, maintaining a Market Perform rating.
The reduced price target by BMO Capital indicates a less optimistic outlook for SpartanNash Company, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities increased XPO, Inc.'s (NYSE:XPO) price target from $50 to $52, maintaining a Neutral rating.
The slight increase in price target by B of A Securities, while maintaining a Neutral rating, suggests a neutral outlook for XPO, Inc., with no significant short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird boosted the price target for Couchbase, Inc. (NASDAQ:BASE) from $20 to $23, maintaining an Outperform rating.
The increased price target by Baird suggests a positive outlook for Couchbase, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Credit Suisse raised Core & Main, Inc.'s (NYSE:CNM) price target from $27 to $28, maintaining an Outperform rating.
The higher price target by Credit Suisse suggests a positive outlook for Core & Main, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo increased Netflix, Inc.'s (NASDAQ:NFLX) price target from $400 to $500, maintaining an Overweight rating.
The higher price target by Wells Fargo suggests a positive outlook for Netflix, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird boosted THOR Industries, Inc.'s (NYSE:THO) price target from $95 to $110, maintaining an Outperform rating.
The increased price target by Baird suggests a positive outlook for THOR Industries, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham raised The Trade Desk, Inc.'s (NASDAQ:TTD) price target from $75 to $80, maintaining a Buy rating.
The higher price target by Needham suggests a positive outlook for The Trade Desk, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100