Block To Rally Around 54%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Lisa Levin
Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. Apellis Pharmaceuticals, Spotify, MicroStrategy, RH, Block, Integra LifeSciences, XP Inc., Riot Platforms, Marvell Technology, and Coinbase Global all saw changes in their price targets, with some being upgraded and others downgraded. These changes could influence the stock performance in the short term.
December 05, 2023 | 12:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Telsey Advisory Group cut the price target for RH from $365 to $325 but maintained a Market Perform rating.
The reduced price target by Telsey Advisory Group could negatively affect RH's stock price in the short term, despite the maintained Market Perform rating.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Barclays lowered the price target for Marvell Technology from $75 to $70 but maintained an Overweight rating.
The decrease in price target by Barclays could have a negative impact, but the maintained Overweight rating might balance it, leading to a neutral short term impact on MRVL's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
B of A Securities upgraded Apellis Pharmaceuticals from Neutral to Buy and increased the price target from $52 to $85.
The upgrade to Buy and significant increase in price target by B of A Securities could lead to a positive short term impact on APLS's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised the price target for Coinbase from $120 to $160 and maintained a Buy rating.
The significant increase in price target and maintained Buy rating by Needham could lead to a positive short term impact on COIN's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wells Fargo upgraded Integra LifeSciences from Equal-Weight to Overweight and raised the price target from $40 to $49.
The upgrade to Overweight and increased price target by Wells Fargo suggest a positive short term outlook for IART's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Canaccord Genuity maintained a Buy rating on MicroStrategy and increased the price target from $554 to $670.
The increased price target and maintained Buy rating by Canaccord Genuity are likely to have a positive short term impact on MSTR's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
HC Wainwright & Co. maintained a Buy rating on Riot Platforms and increased the price target from $18 to $20.
The raised price target and maintained Buy rating by HC Wainwright & Co. could have a positive short term impact on RIOT's stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Keybanc maintained an Overweight rating on Spotify and raised the price target from $210 to $255.
The raised price target by Keybanc could contribute to a positive short term sentiment and upward pressure on SPOT's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Barclays raised the price target for Block from $95 to $100 and maintained an Overweight rating.
The increase in price target and continued Overweight rating by Barclays could lead to a positive short term impact on SQ's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan upgraded XP Inc. from Neutral to Overweight and raised the price target from $27 to $30.
The upgrade and increased price target by JP Morgan could positively influence XP's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85