Tesla To Rally Around 21%? Here Are 10 Other Analyst Forecasts For Friday
Portfolio Pulse from Lisa Levin
Analysts have updated their price targets for several US-listed companies, including Tesla, Microsoft, and Adobe. The changes include both increases and decreases in price targets, with some stocks receiving upgrades or downgrades in ratings.
June 09, 2023 | 2:18 pm
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NEGATIVE IMPACT
Citigroup cut Target's price target from $177 to $130, downgrading the stock from Buy to Neutral. Target shares fell 1.4% to $129.57.
The price target decrease for Target by Citigroup suggests a reduced upside potential, and the downgrade from Buy to Neutral indicates that the analyst sees a negative short-term price movement. The stock's decline on Friday is likely due to the lowered price target and downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wedbush lowered Brinker International's price target from $42 to $37, maintaining a Neutral rating. Brinker shares rose 1% to $36.02.
The price target decrease for Brinker International by Wedbush suggests a reduced upside potential, but the maintained Neutral rating indicates that the analyst does not see a strong short-term price movement. The stock's rise on Friday may be due to other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Susquehanna raised the price target for Landstar System from $152 to $190, maintaining a Neutral rating. Landstar shares fell 0.2% to $187.49.
The price target increase for Landstar System by Susquehanna suggests a potential upside, but the maintained Neutral rating indicates that the analyst does not see a strong short-term price movement. The stock's slight decline on Friday may be due to other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Credit Suisse slashed Vail Resorts' price target from $333 to $321, maintaining an Outperform rating. Vail Resorts shares fell 5.5% to $243.76.
The price target decrease for Vail Resorts by Credit Suisse suggests a reduced upside potential, but the maintained Outperform rating indicates that the analyst still sees a positive short-term price movement. The stock's decline on Friday may be due to the lowered price target or other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Piper Sandler raised Oracle's price target from $54 to $58, maintaining an Equal-Weight rating. Oracle shares rose 2.1% to $109.74.
The price target increase for Oracle by Piper Sandler suggests a higher upside potential, but the maintained Equal-Weight rating indicates that the analyst does not see a strong short-term price movement. The stock's rise on Friday may be due to the increased price target or other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
UBS lowered the price target for Signet Jewelers from $98 to $90, maintaining a Buy rating. Signet shares fell 1.6% to $61.14.
The price target decrease for Signet Jewelers by UBS suggests a reduced upside potential, but the maintained Buy rating indicates that the analyst still sees a positive short-term price movement. The stock's decline on Friday may be due to the lowered price target or other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo raised Adobe's price target from $420 to $525, upgrading the stock from Equal-Weight to Overweight. Adobe shares rose 5.3% to $462.32.
The price target increase for Adobe by Wells Fargo suggests a higher upside potential, and the upgrade from Equal-Weight to Overweight indicates that the analyst expects a positive short-term price movement. The stock's rise on Friday is likely due to the increased price target and upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DA Davidson raised eXp World Holdings' price target from $14.5 to $20, reiterating a Buy rating. eXp World shares rose 5.4% to $21.24.
The price target increase for eXp World Holdings by DA Davidson suggests a higher upside potential, and the reiterated Buy rating indicates that the analyst expects a positive short-term price movement. The stock's rise on Friday is likely due to the increased price target and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BMO Capital boosted the price target for Microsoft from $347 to $385, maintaining an Outperform rating. Microsoft shares rose 1.1% to $328.98.
The price target increase for Microsoft by BMO Capital suggests a higher upside potential, and the maintained Outperform rating indicates that the analyst expects a positive short-term price movement. The stock's rise on Friday is likely due to the increased price target and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wedbush increased Tesla's price target from $215 to $300, maintaining an Outperform rating. Tesla shares rose 5.8% to $248.47.
The price target increase for Tesla by Wedbush suggests a higher upside potential, and the maintained Outperform rating indicates that the analyst expects a positive short-term price movement. The stock's rise on Friday is likely due to the increased price target and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100