Wix.com To Rally Over 40%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several companies. EF Hutton lowered FiscalNote's target but maintained a Buy rating. HC Wainwright cut Canoo's target while maintaining a Buy rating. Raymond James reduced Texas Capital Bancshares' target but kept a Strong Buy rating. Jefferies downgraded The Beauty Health Company and slashed its target. RBC Capital downgraded Energizer Holdings and cut its target. JP Morgan downgraded Canadian Solar and lowered its target. Barclays upgraded Wix.com and raised its target. Canaccord Genuity cut HIVE Digital's target but maintained a Buy rating. Citigroup upgraded Vipshop Holdings and increased its target. B of A Securities upgraded American Eagle Outfitters and raised its target.
November 15, 2023 | 1:17 pm
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NEGATIVE IMPACT
JP Morgan downgraded Canadian Solar from Neutral to Underweight and cut the price target from $32 to $22.
The downgrade to Underweight and a significant reduction in price target suggest a bearish view that could negatively affect the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
RBC Capital downgraded Energizer Holdings from Outperform to Sector Perform and lowered the price target from $40 to $38.
The downgrade to Sector Perform and a lower price target could lead to bearish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
HC Wainwright cut Canoo's price target from $10 to $3 but maintained a Buy rating.
A significant reduction in price target suggests a bearish outlook, which could lead to a negative short-term impact despite the Buy rating.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Jefferies downgraded The Beauty Health Company from Buy to Hold and cut the price target from $11 to $1.5.
A downgrade combined with a drastic target reduction is likely to have a negative impact on the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Canaccord Genuity cut HIVE Digital's price target from $7 to $6 but maintained a Buy rating.
The price target cut could be seen as negative, but the maintained Buy rating might mitigate the impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 65
NEUTRAL IMPACT
EF Hutton cut FiscalNote's price target from $9 to $7 but maintained a Buy rating.
The reduction in price target may negatively impact investor sentiment, but the maintained Buy rating could offset some of the negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Raymond James lowered Texas Capital Bancshares' price target from $72 to $69 but maintained a Strong Buy rating.
The slight decrease in price target is unlikely to have a significant impact due to the continued Strong Buy rating.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
B of A Securities upgraded American Eagle Outfitters from Underperform to Neutral and raised the price target from $12.5 to $19.
The upgrade to Neutral and increased price target could lead to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Citigroup upgraded Vipshop Holdings from Neutral to Buy and increased the price target from $18 to $20.
The upgrade and higher price target are likely to be taken as positive indicators by the market, potentially leading to a short-term rise in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Barclays upgraded Wix.com from Equal-Weight to Overweight and raised the price target from $105 to $130.
An upgrade to Overweight and an increased price target are strong bullish signals that could lead to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90