Oracle To Rally Around 23%? Here Are 10 Other Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Monday, with Barclays raising the price target for Zscaler, Citigroup boosting Patterson-UTI Energy's price target, and Evercore ISI Group increasing Oracle's price target. Goldman Sachs cut the price target for Zurn Elkay Water Solutions, Redburn Atlantic cut Spotify's price target, and Jefferies slashed Aramark's price target. UBS cut Portland General Electric's price target, B of A Securities lowered Datadog's price target, and Loop Capital raised MSC Industrial Direct's price target. Citigroup cut JetBlue Airways' price target, and Wells Fargo slashed Meta Platforms' price target.
October 09, 2023 | 11:51 am
News sentiment analysis
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POSITIVE IMPACT
Loop Capital raised MSC Industrial Direct's price target from $96 to $124 and upgraded the stock from Hold to Buy.
The upgrade and price target increase by Loop Capital indicates a positive outlook for MSC Industrial Direct, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group increased Oracle's price target from $131 to $135 and upgraded the stock from In-Line to Outperform.
The upgrade and price target increase by Evercore ISI Group indicates a positive outlook for Oracle, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup boosted Patterson-UTI Energy's price target from $15 to $18 and upgraded the stock from Neutral to Buy.
The upgrade and price target increase by Citigroup indicates a positive outlook for Patterson-UTI Energy, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays raised the price target for Zscaler from $176 to $190 and upgraded the stock from Equal-Weight to Overweight.
The upgrade and price target increase by Barclays indicates a positive outlook for Zscaler, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Jefferies slashed Aramark's price target from $44 to $29 and upgraded the stock from Hold to Buy.
The upgrade by Jefferies indicates a positive outlook for Aramark, but the significant price target cut could lead to uncertainty in the short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities lowered Datadog's price target from $123 to $105 and downgraded the stock from Buy to Neutral.
The downgrade and price target cut by B of A Securities indicates a negative outlook for Datadog, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Citigroup cut JetBlue Airways' price target from $7.5 to $5.75 and maintained a Neutral rating.
The price target cut by Citigroup indicates a negative outlook for JetBlue Airways, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo slashed Meta Platforms' price target from $389 to $372 and maintained an Overweight rating.
The price target cut by Wells Fargo indicates a negative outlook for Meta Platforms, despite the Overweight rating, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UBS cut Portland General Electric's price target from $46 to $43 and maintained a Neutral rating.
The price target cut by UBS indicates a negative outlook for Portland General Electric, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Redburn Atlantic cut Spotify's price target from $170 to $160 and downgraded the stock from Buy to Neutral.
The downgrade and price target cut by Redburn Atlantic indicates a negative outlook for Spotify, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs cut the price target for Zurn Elkay Water Solutions from $31 to $29 and downgraded the stock from Buy to Neutral.
The downgrade and price target cut by Goldman Sachs indicates a negative outlook for Zurn Elkay Water Solutions, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100