Hibbett To Rally Around 24%? 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 US-listed companies. Telsey Advisory Group raised Hibbett, Inc.'s target to $73 and maintained an Outperform rating. Piper Sandler downgraded Autodesk, Inc. and cut its target to $215. TD Cowen raised Jack in the Box Inc.'s target to $71 with a Market Perform rating. Keybanc reduced Salesforce, Inc.'s target to $268 but kept an Overweight rating. RBC Capital increased GoDaddy Inc.'s target to $124 and upgraded the stock to Outperform. JP Morgan raised The Clorox Company's target to $145 and upgraded it to Neutral. Morgan Stanley downgraded Virgin Galactic Holdings, Inc. and slashed its target to $1.75. Telsey Advisory Group increased DICK'S Sporting Goods, Inc.'s target to $145 with an Outperform rating. Telsey also lowered Best Buy Co., Inc.'s target to $75 with a Market Perform rating. Lastly, Citigroup upgraded Ovintiv Inc. to Buy and raised its target to $52.
November 22, 2023 | 12:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Piper Sandler downgraded Autodesk, Inc. from Overweight to Neutral and cut the price target from $240 to $215, with the stock falling 6.6% in pre-market trading.
The downgrade and reduced price target by Piper Sandler, along with the pre-market decline, indicate a negative short-term impact on ADSK's stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Telsey Advisory Group lowered Best Buy Co., Inc.'s price target from $80 to $75 and maintained a Market Perform rating, with the stock falling 0.7% the previous day.
The reduced price target by Telsey Advisory Group, along with the recent stock decline, indicate a negative short-term impact on BBY's stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Morgan Stanley downgraded Virgin Galactic Holdings, Inc. from Equal-Weight to Underweight and lowered the price target from $4 to $1.75, with the stock falling 4.7% in pre-market trading.
The downgrade to Underweight and significant cut in price target by Morgan Stanley are likely to have a strongly negative short-term impact on SPCE's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
Keybanc reduced Salesforce, Inc.'s price target from $272 to $268 but maintained an Overweight rating, with the stock having fallen 0.4% the previous day.
The slight reduction in price target by Keybanc is offset by the maintained Overweight rating, suggesting a neutral short-term impact on CRM's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JP Morgan upgraded The Clorox Company from Underweight to Neutral and raised the price target from $124 to $145, with the stock gaining 1.5% in pre-market trading.
The upgrade to Neutral and raised price target by JP Morgan suggest a positive short-term outlook for CLX, especially with the pre-market gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group raised DICK'S Sporting Goods, Inc.'s price target from $140 to $145 and maintained an Outperform rating, with the stock falling 0.4% in pre-market trading.
The increased price target and maintained Outperform rating by Telsey Advisory Group suggest a positive short-term impact on DKS's stock, despite the slight pre-market dip.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RBC Capital upgraded GoDaddy Inc. from Sector Perform to Outperform and boosted the price target from $90 to $124, with the stock rising 0.3% the previous day.
The upgrade to Outperform and significant increase in price target by RBC Capital are likely to have a positive short-term impact on GDDY's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Telsey Advisory Group raised Hibbett, Inc.'s price target from $60 to $73 and maintained an Outperform rating, with the stock having risen 9.8% the previous day.
The raised price target and maintained Outperform rating by Telsey Advisory Group, coupled with the recent stock rise, suggest a positive short-term outlook for HIBB.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TD Cowen raised Jack in the Box Inc.'s price target from $66 to $71 and maintained a Market Perform rating, with the stock slightly up by 0.7% the previous day.
The increased price target by TD Cowen could lead to a positive sentiment, although the Market Perform rating suggests a neutral stance on the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Citigroup upgraded Ovintiv Inc. from Neutral to Buy and raised the price target from $48 to $52, with the stock slightly up by 0.1% in pre-market trading.
The upgrade to Buy and increased price target by Citigroup suggest a positive short-term outlook for OVV's stock, supported by the pre-market uptick.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80