Wayfair To Rally Over 32%? Here Are 10 Other Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Monday, with price target changes for MACOM Technology Solutions Holdings, Sage Therapeutics, DraftKings, Laureate Education, The Clorox Company, Monster Beverage Corporation, Wayfair, Palo Alto Networks, MercadoLibre, PG&E Corporation, and TriNet Group. Most of the companies saw their price targets raised, with a few exceptions.
August 07, 2023 | 11:52 am
News sentiment analysis
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NEGATIVE IMPACT
RBC Capital cut Sage Therapeutics' price target from $71 to $25 and downgraded the stock from Outperform to Sector Perform.
The significant cut in price target and downgrade from RBC Capital indicates a negative outlook for Sage Therapeutics, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DA Davidson raised The Clorox Company's price target from $155 to $176 and maintained a Neutral rating.
The raised price target from DA Davidson suggests a positive outlook for The Clorox Company, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo boosted the price target for DraftKings from $28 to $37 and upgraded the stock from Equal-Weight to Overweight.
The raised price target and upgrade from Wells Fargo suggests a positive outlook for DraftKings, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley increased the price target for Laureate Education from $15 to $17 and upgraded the stock from Equal-Weight to Overweight.
The raised price target and upgrade from Morgan Stanley suggests a positive outlook for Laureate Education, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan boosted the price target for MercadoLibre from $1,700 to $2,000 and maintained an Overweight rating.
The raised price target from JP Morgan suggests a positive outlook for MercadoLibre, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler increased Monster Beverage Corporation's price target from $60 to $63 and upgraded the stock from Neutral to Overweight.
The raised price target and upgrade from Piper Sandler suggests a positive outlook for Monster Beverage Corporation, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham raised the price target for MACOM Technology Solutions Holdings from $65 to $84, maintaining a Buy rating.
The raised price target and maintained Buy rating from Needham suggests a positive outlook for MACOM Technology Solutions Holdings, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays boosted Palo Alto Networks' price target from $245 to $275 and maintained an Overweight rating.
The raised price target from Barclays suggests a positive outlook for Palo Alto Networks, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UBS increased PG&E Corporation's price target from $19 to $21 and upgraded the stock from Neutral to Buy.
The raised price target and upgrade from UBS suggests a positive outlook for PG&E Corporation, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TD Cowen boosted TriNet Group's price target from $95 to $125 and upgraded the stock from Market Perform to Outperform.
The raised price target and upgrade from TD Cowen suggests a positive outlook for TriNet Group, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UBS raised Wayfair's price target from $72 to $110 and upgraded the stock from Neutral to Buy.
The raised price target and upgrade from UBS suggests a positive outlook for Wayfair, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100