Coinbase Global To Rally Around 47%? Here Are 10 Other Analyst Forecasts For Tuesday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Tuesday, with price target changes for Silicom Ltd., Arista Networks, Arthur J. Gallagher & Co., American Eagle Outfitters, Coinbase Global, RH, The Goldman Sachs Group, The Estée Lauder Companies, Monolithic Power Systems, Wells Fargo & Company, and Ford Motor Company. Most of the companies saw their price targets raised, with the exception of Silicom and The Estée Lauder Companies, which saw their targets cut.
August 01, 2023 | 12:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Citigroup cut The Estée Lauder Companies' price target from $240 to $195, downgrading the stock from Buy to Neutral. The company's shares fell 1.4% in pre-market trading.
The cut in price target and downgrade by Citigroup could negatively impact investor sentiment, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Needham cut the price target for Silicom Ltd. from $58 to $35, maintaining a Buy rating. Silicom shares fell 0.1% in pre-market trading.
The cut in price target by Needham could negatively impact investor sentiment, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Canaccord Genuity raised Coinbase Global's price target from $70 to $140, maintaining a Buy rating. Coinbase shares fell 3.2% in pre-market trading.
Despite the increase in price target by Canaccord Genuity, Coinbase shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Daiwa Capital boosted Ford Motor Company's price target from $12 to $13, maintaining a Neutral rating. Ford shares fell 0.5% in pre-market trading.
Despite the increase in price target by Daiwa Capital, Ford shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Atlantic Equities raised The Goldman Sachs Group's price target from $330 to $351, upgrading the stock from Underweight to Neutral. Goldman Sachs shares fell 0.1% in pre-market trading.
Despite the increase in price target and upgrade by Atlantic Equities, Goldman Sachs shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Needham boosted the price target for Monolithic Power Systems from $500 to $575, maintaining a Buy rating. Monolithic Power shares fell 6.2% in pre-market trading.
Despite the increase in price target by Needham, Monolithic Power shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Telsey Advisory Group increased RH's price target from $225 to $365, maintaining a Market Perform rating. RH shares fell 0.1% in pre-market trading.
Despite the increase in price target by Telsey Advisory Group, RH shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Atlantic Equities increased Wells Fargo's price target from $50 to $52.5, maintaining an Overweight rating. Wells Fargo shares fell 0.5% in pre-market trading.
Despite the increase in price target by Atlantic Equities, Wells Fargo shares fell in pre-market trading. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays boosted the price target for American Eagle Outfitters from $11 to $18, upgrading the stock from Equal-Weight to Overweight. American Eagle shares gained 2.3% in pre-market trading.
The increase in price target and upgrade by Barclays could boost investor sentiment, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James boosted the price target for Arthur J. Gallagher & Co. from $245 to $255, maintaining an Outperform rating. Arthur J. Gallagher shares rose 0.1% in pre-market trading.
The increase in price target by Raymond James could boost investor sentiment, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised Arista Networks' price target from $206 to $217, maintaining an Overweight rating. Arista shares rose 13.5% in pre-market trading.
The increase in price target by Keybanc could boost investor sentiment, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100