Tesla To Rally Around 61%? Here Are 10 Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Monday, with changes in price targets and ratings for multiple companies. Notably, Jefferies upgraded DoorDash and increased its price target, while JP Morgan raised the price target for Tenable Holdings and upgraded its rating. Piper Sandler increased the price target for Intuit, and Morgan Stanley did the same for Tesla. However, Raymond James, Keybanc, Telsey Advisory Group, and JP Morgan lowered price targets for Phreesia, ABM Industries, Rent the Runway, and Brunswick Corporation respectively. Needham boosted the price target for TriNet Group.
September 11, 2023 | 1:02 pm
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POSITIVE IMPACT
Jefferies upgraded DoorDash and increased its price target. DoorDash shares rose 2.7% in pre-market trading.
The upgrade and increased price target by Jefferies could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler increased the price target for Intuit. Intuit shares rose 0.7% in pre-market trading.
The increased price target by Piper Sandler could lead to a positive investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
JP Morgan raised the price target for Tenable Holdings and upgraded its rating. Tenable Holdings shares gained 3% in pre-market trading.
The raised price target and upgraded rating by JP Morgan could boost investor sentiment, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham boosted the price target for TriNet Group. TriNet Group shares rose 1.2% on Friday.
The increased price target by Needham could lead to a positive investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Keybanc lowered the price target for ABM Industries. ABM shares rose 1.5% on Friday.
Despite the lowered price target by Keybanc, ABM shares rose on Friday. The impact of the new price target on the stock's short-term performance is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley increased the price target for Tesla. Tesla shares fell 1.2% on Friday.
Despite the increased price target by Morgan Stanley, Tesla shares fell on Friday. The impact of the new price target on the stock's short-term performance is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan lowered the price target for Brunswick Corporation. Brunswick shares fell 1.9% in pre-market trading.
The lowered price target by JP Morgan could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Keybanc lowered the price target for DoubleVerify Holdings. DoubleVerify shares fell 3.9% on Friday.
The lowered price target by Keybanc could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Raymond James lowered the price target for Phreesia. Phreesia shares fell 7.4% on Friday.
The lowered price target by Raymond James could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Telsey Advisory Group lowered the price target for Rent the Runway. Rent the Runway shares fell 2.1% in pre-market trading.
The lowered price target by Telsey Advisory Group could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100