Micron To Rally Around 12%? 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. Piper Sandler raised Workday's target and maintained an Overweight rating. Keybanc increased CrowdStrike's target and kept an Overweight rating. Raymond James cut argenx's target but kept a Strong Buy rating. Barclays raised Micron's target with an Overweight rating. HC Wainwright lifted Bitfarms' target and maintained a Buy rating. Telsey Advisory cut Leslie's target and kept a Market Perform rating. Jefferies lowered Airbnb's target and downgraded to Hold. Piper Sandler reduced Hershey's target and downgraded to Neutral. JP Morgan trimmed AvalonBay's target but upgraded to Neutral. Barclays increased NetApp's target with an Equal-Weight rating.
November 29, 2023 | 12:46 pm
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POSITIVE IMPACT
HC Wainwright increased Bitfarms' price target from $3 to $4 and maintained a Buy rating. Bitfarms shares rose 7.5% in pre-market trading.
The higher price target and Buy rating could continue to fuel the positive momentum seen in Bitfarms' pre-market trading.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised CrowdStrike's price target from $240 to $245 and maintained an Overweight rating. CrowdStrike's stock gained 1.1% to close at $212.35.
The increase in price target and continued Overweight rating suggest a bullish outlook, which could positively influence CrowdStrike's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Barclays increased Micron's price target from $80 to $85 and maintained an Overweight rating. Micron shares fell 1.8% to close at $76.12.
The raised price target and Overweight rating could be a positive driver for Micron's stock, despite the recent drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Barclays raised NetApp's price target from $69 to $80 and maintained an Equal-Weight rating. NetApp shares jumped 11.6% in pre-market trading.
The increased price target, alongside a significant pre-market jump, suggests a positive short-term impact on NetApp's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler raised Workday's price target from $275 to $300 and maintained an Overweight rating. Workday's stock rose 0.6% to close at $237.33.
The increased price target and maintained Overweight rating by Piper Sandler could lead to a positive short-term sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Raymond James reduced argenx's price target from $600 to $580 but maintained a Strong Buy rating. argenx shares fell 1.8% in pre-market trading.
Despite the price target cut, the Strong Buy rating remains, indicating mixed signals that could lead to a neutral short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan lowered AvalonBay's price target from $201 to $194 but upgraded the stock from Underweight to Neutral. AvalonBay shares rose 0.6% in pre-market trading.
The mixed signal of a price target cut and an upgrade to Neutral may result in a neutral short-term impact on AvalonBay's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jefferies cut Airbnb's price target from $155 to $140 and downgraded the stock from Buy to Hold. Airbnb shares fell 0.6% in pre-market trading.
The lowered price target and downgrade to Hold by Jefferies could negatively affect Airbnb's stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler reduced Hershey's price target from $240 to $200 and downgraded the stock from Overweight to Neutral. Hershey shares fell 0.5% in pre-market trading.
The price target reduction and downgrade to Neutral could lead to a bearish short-term outlook for Hershey's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Telsey Advisory cut Leslie's price target from $7.5 to $6 and maintained a Market Perform rating. Leslie's shares fell 14.8% in pre-market trading.
The reduced price target and the significant pre-market drop suggest a negative short-term impact on Leslie's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90