Alphabet To Rally Over 17%? Here Are 10 Other Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Wednesday, with price target changes for multiple companies. Notably, Northland Capital Markets boosted the price target for Advanced Micro Devices (AMD) from $81 to $150 and upgraded the stock from Market Perform to Outperform. Wedbush increased the price target for Pegasystems (PEGA) from $50 to $64 and upgraded the stock from Neutral to Outperform. Piper Sandler increased the price target for Alphabet (GOOGL) from $128 to $140. Other companies with price target changes include SPX Technologies (SPXC), VICI Properties (VICI), Conagra Brands (CAG), Lumentum Holdings (LITE), EnPro Industries (NPO), Netflix (NFLX), Rivian Automotive (RIVN), and Transocean (RIG).
July 05, 2023 | 11:58 am
News sentiment analysis
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NEGATIVE IMPACT
Deutsche Bank cut VICI Properties price target from $39 to $34 and downgraded the stock from Buy to Hold.
The decrease in price target and downgrade in rating by Deutsche Bank indicates a negative outlook for VICI Properties. This could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
UBS boosted SPX Technologies price target from $80 to $90 but downgraded the stock from Buy to Neutral.
While UBS increased the price target for SPX Technologies, the downgrade from Buy to Neutral suggests a more cautious outlook. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Northland Capital Markets boosted the price target for AMD from $81 to $150 and upgraded the stock from Market Perform to Outperform.
The significant increase in price target and upgrade in rating by Northland Capital Markets indicates a positive outlook for AMD. This could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler increased the price target for Alphabet from $128 to $140.
The increase in price target by Piper Sandler indicates a positive outlook for Alphabet. This could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wedbush increased the price target for Pegasystems from $50 to $64 and upgraded the stock from Neutral to Outperform.
The increase in price target and upgrade in rating by Wedbush suggests a positive outlook for Pegasystems. This could result in a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100