Apple To Rally Over 17%? Here Are 10 Other Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analysts have updated their price targets and ratings for various companies. Citigroup raised the price target for Cintas Corporation and downgraded the stock from Buy to Neutral. Stifel raised Lam Research Corporation's price target and upgraded the stock from Hold to Buy. Barclays, Wells Fargo, and Mizuho also raised their price targets for Abbott Laboratories, ON Semiconductor Corporation, Shopify Inc., and NVIDIA Corporation respectively. Credit Suisse, RBC Capital, and Piper Sandler cut their price targets for CommScope Holding Company, Inc., ZoomInfo Technologies Inc., and American Express Company respectively. Wells Fargo raised the price target for Apple Inc. and Raymond James raised Johnson & Johnson's price target.
July 24, 2023 | 11:45 am
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NEGATIVE IMPACT
Piper Sandler cut American Express Company's price target from $172 to $149 and downgraded the stock from Neutral to Underweight.
The significant decrease in price target and downgrade from Neutral to Underweight indicates a negative outlook for the stock, which could drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Credit Suisse cut CommScope Holding Company, Inc.'s price target from $11 to $5.1 and downgraded the stock from Outperform to Neutral.
The significant decrease in price target and downgrade from Outperform to Neutral indicates a negative outlook for the stock, which could drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RBC Capital cut ZoomInfo Technologies Inc.'s price target from $30 to $28 and downgraded the stock from Outperform to Sector Perform.
The decrease in price target and downgrade from Outperform to Sector Perform indicates a negative outlook for the stock, which could drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup raised the price target for Cintas Corporation from $540 to $550 and downgraded the stock from Buy to Neutral.
The price target increase suggests a positive outlook, but the downgrade from Buy to Neutral indicates a more cautious stance. This could lead to mixed reactions in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo raised the price target for Apple Inc. from $210 to $225.
The increase in price target suggests a positive outlook for the stock, which could lead to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Barclays raised the price target for Abbott Laboratories from $127 to $132.
The increase in price target suggests a positive outlook for the stock, which could lead to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Raymond James raised Johnson & Johnson's price target from $181 to $184.
The increase in price target suggests a positive outlook for the stock, which could lead to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Stifel raised Lam Research Corporation's price target from $505 to $725 and upgraded the stock from Hold to Buy.
The significant increase in price target and upgrade from Hold to Buy indicates a strong positive outlook for the stock, which could drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Mizuho boosted NVIDIA Corporation's price target from $400 to $530.
The significant increase in price target suggests a strong positive outlook for the stock, which could drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo boosted the price target for ON Semiconductor Corporation from $95 to $120.
The increase in price target suggests a positive outlook for the stock, which could lead to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mizuho increased Shopify Inc.'s price target from $55 to $65.
The increase in price target suggests a positive outlook for the stock, which could lead to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100