Salesforce To Rally Over 30%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several US-listed companies. Citigroup raised McDonald's (MCD) target from $280 to $310 with a Neutral rating. B of A Securities increased Salesforce's (CRM) target from $280 to $300, maintaining a Buy rating. Needham upped Nutanix's (NTNX) target from $44 to $54 with a Buy rating. Keybanc raised Synopsys' (SNPS) target from $600 to $675, keeping an Overweight rating. Jefferies lifted Pinterest's (PINS) target from $32 to $41, upgrading to Buy. Telsey Advisory Group raised Foot Locker's (FL) target from $22 to $31 with an Outperform rating. Piper Sandler increased Snowflake's (SNOW) target from $195 to $220, maintaining an Overweight rating. Telsey Advisory Group upped Costco's (COST) target from $600 to $625 with an Outperform rating. Jefferies raised Snap's (SNAP) target from $12 to $16, upgrading to Buy. Citigroup increased Five Below's (FIVE) target from $220 to $227 with a Buy rating.
November 30, 2023 | 12:21 pm
News sentiment analysis
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POSITIVE IMPACT
Telsey Advisory Group increased Costco's price target from $600 to $625, maintaining an Outperform rating.
The raised price target for Costco by Telsey Advisory Group, along with an Outperform rating, could lead to investor optimism and a potential short-term rise in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities increased Salesforce's price target from $280 to $300 and maintained a Buy rating.
The raised price target and maintained Buy rating by B of A Securities indicate strong analyst confidence in Salesforce, likely leading to positive investor sentiment and a short-term uptick in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Citigroup increased Five Below's price target from $220 to $227, maintaining a Buy rating.
Citigroup's raised price target and Buy rating for Five Below suggest a positive outlook, which could lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group increased Foot Locker's price target from $22 to $31, maintaining an Outperform rating.
The raised price target and Outperform rating by Telsey Advisory Group for Foot Locker suggest a positive outlook, which could lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Citigroup raised McDonald's price target from $280 to $310, maintaining a Neutral rating.
The increase in price target by Citigroup suggests a positive outlook on McDonald's, which could lead to increased investor interest and a potential short-term price rise, despite the Neutral rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased Nutanix's price target from $44 to $54, keeping a Buy rating.
Needham's price target hike and Buy rating for Nutanix suggest a bullish outlook, which could lead to a positive market reaction and a potential increase in the stock's short-term price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Jefferies increased Pinterest's price target from $32 to $41 and upgraded the stock to Buy.
Jefferies' upgrade to Buy and raised price target for Pinterest are strong indicators of potential growth, likely leading to increased buying pressure and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jefferies raised Snap's price target from $12 to $16 and upgraded the stock to Buy.
Jefferies' upgrade to Buy and increased price target for Snap could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler raised Snowflake's price target from $195 to $220, keeping an Overweight rating.
The increase in Snowflake's price target and the Overweight rating by Piper Sandler indicate analyst confidence, which could result in a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Keybanc raised Synopsys' price target from $600 to $675 and maintained an Overweight rating.
The significant increase in Synopsys' price target by Keybanc, accompanied by an Overweight rating, indicates strong analyst conviction, which could positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85