Boeing To Rally More Than 25%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several US-listed companies. UBS downgraded ChargePoint (CHPT) with a significant price target cut. RBC Capital and Raymond James raised their targets for Xenon Pharmaceuticals (XENE) and Crocs (CROX), respectively, with positive ratings. Telsey Advisory Group cut Big Lots' (BIG) target, while Jefferies upgraded Affirm Holdings (AFRM) with a substantial target increase. RBC Capital also upgraded Boeing (BA) with a notable target raise. Piper Sandler downgraded Shopify (SHOP), and Wells Fargo downgraded Booz Allen Hamilton (BAH) with minor target adjustments. Needham raised targets for nLIGHT (LASR) and Zscaler (ZS), maintaining positive ratings.
November 28, 2023 | 1:09 pm
News sentiment analysis
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NEGATIVE IMPACT
Telsey Advisory Group cut Big Lots' price target from $8.5 to $5.5 but maintained a Market Perform rating.
The reduced price target by Telsey Advisory Group, despite maintaining a Market Perform rating, could negatively impact Big Lots' stock in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
UBS downgraded ChargePoint from Buy to Neutral and cut the price target from $9 to $2.25.
The downgrade and significant price target cut by UBS suggest a bearish outlook, which could lead to short-term selling pressure on ChargePoint's stock.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler downgraded Shopify from Neutral to Underweight and slightly lowered the price target from $58 to $56.
The downgrade to Underweight and minor price target reduction by Piper Sandler could contribute to negative sentiment and a possible decrease in Shopify's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Wells Fargo downgraded Booz Allen Hamilton from Overweight to Equal-Weight and cut the price target from $142 to $138.
The downgrade to Equal-Weight and slight price target decrease by Wells Fargo may not have a significant impact on Booz Allen Hamilton's stock price in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Jefferies upgraded Affirm Holdings from Underperform to Hold and increased the price target from $9.5 to $30.
The upgrade and significant price target increase by Jefferies indicate a change in sentiment that could lead to short-term positive movement in Affirm Holdings' stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
RBC Capital upgraded Boeing from Sector Perform to Outperform and raised the price target from $200 to $275.
The upgrade to Outperform and substantial price target hike by RBC Capital suggest strong confidence in Boeing's prospects, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 95
POSITIVE IMPACT
Raymond James upgraded Crocs from Outperform to Strong Buy and raised the price target from $98 to $115.
The upgrade to Strong Buy and increased price target by Raymond James are strong positive signals that could contribute to a short-term uptrend in Crocs' stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Needham raised nLIGHT's price target from $15 to $16 and maintained a Buy rating.
The increased price target and maintained Buy rating by Needham suggest optimism about nLIGHT's future, which could positively influence the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
RBC Capital raised Xenon Pharmaceuticals' price target from $51 to $56, maintaining an Outperform rating.
The increased price target and maintained Outperform rating by RBC Capital could lead to positive investor sentiment and a potential short-term rise in Xenon Pharmaceuticals' stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Needham increased Zscaler's price target from $210 to $225 while maintaining a Strong Buy rating.
The raised price target and continued Strong Buy rating by Needham indicate a bullish stance that could lead to a short-term increase in Zscaler's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75