Lululemon To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several companies. RBC Capital raised The Chemours Company's target and upgraded the stock. Guggenheim increased ImmunoGen's target but downgraded the stock. Keybanc lowered Marvell Technology's target but maintained a positive rating. Citigroup raised Lululemon's target and maintained a Buy rating. JP Morgan decreased BioNTech's target and downgraded the stock. UBS raised MarketWise's target but downgraded the stock. Citigroup increased Ulta Beauty's target with a Neutral rating. Wells Fargo raised Elastic's target and upgraded the stock. Telsey Advisory Group increased targets for PVH Corp. and Victoria's Secret, maintaining positive and neutral ratings respectively.
December 01, 2023 | 3:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan lowered BioNTech's price target from $106 to $99 and downgraded the stock from Neutral to Underweight.
The downgrade and reduced price target by JP Morgan could negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Guggenheim raised ImmunoGen's price target from $25 to $31 but downgraded the stock from Buy to Neutral.
The raised price target suggests a positive outlook, but the downgrade to Neutral may temper short-term expectations.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
UBS raised MarketWise's price target from $3 to $3.5 but downgraded the stock from Buy to Neutral.
The slight increase in price target is positive, but the downgrade to Neutral suggests a more cautious short-term outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Keybanc cut Marvell Technology's price target from $80 to $70 but maintained an Overweight rating.
The reduced price target may reflect short-term concerns, but the positive rating indicates a belief in the company's longer-term potential.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Citigroup increased Ulta Beauty's price target from $440 to $485 and maintained a Neutral rating.
The raised price target indicates potential growth, but the Neutral rating suggests that the stock may not see significant short-term movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Telsey Advisory Group raised Victoria's Secret's price target from $21 to $29 but maintained a Market Perform rating.
The raised target price is a positive sign, but the neutral rating indicates that significant short-term movement is not anticipated.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
RBC Capital raised The Chemours Company's price target from $28 to $40 and upgraded the stock to Outperform.
The upgrade and raised price target by RBC Capital could lead to increased investor confidence and a potential short-term price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo raised Elastic's price target from $70 to $115 and upgraded the stock from Equal-Weight to Overweight.
The substantial increase in price target and upgrade to Overweight could drive positive investor sentiment and a short-term price increase.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Citigroup increased Lululemon's price target from $450 to $520 and maintained a Buy rating.
The significant raise in price target and maintained Buy rating could lead to positive investor sentiment and a short-term stock rally.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised PVH Corp.'s price target from $102 to $111 and maintained an Outperform rating.
The increased price target and positive rating suggest that analysts see continued upside potential, which could influence the stock positively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85