SentinelOne To Rally Around 65%? 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 companies. SentinelOne's target was raised by JMP Securities, suggesting a potential rally. Phreesia's target was cut by Needham. MongoDB and Boeing saw target increases from Barclays. HC Wainwright & Co. significantly raised GSE Systems' target. Builders FirstSource's target was increased by B. Riley Securities, which also upgraded the stock. MicroStrategy's target was raised by Canaccord Genuity. Keybanc reduced Box's target but maintained an Overweight rating. Telsey Advisory Group raised G-III Apparel's target. Morgan Stanley slashed Plug Power's target and downgraded the stock.
December 06, 2023 | 12:49 pm
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NEGATIVE IMPACT
Needham cut Phreesia's price target from $40 to $29 but maintained a Buy rating.
The reduction in price target could be seen as a negative adjustment based on recent performance or market conditions, potentially leading to short-term bearish sentiment despite the maintained Buy rating.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley downgraded Plug Power from Equal-Weight to Underweight and slashed the target from $3.5 to $3.
The downgrade to Underweight and a lower price target indicate a negative outlook from Morgan Stanley, which could lead to a decline in Plug Power's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
Keybanc reduced Box's price target from $33 to $30 but maintained an Overweight rating.
The decrease in price target could suggest some caution, but the maintained Overweight rating implies that the analyst still sees growth potential, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Barclays boosted Boeing's price target from $210 to $235 and maintained an Equal-Weight rating.
The increase in Boeing's price target reflects a positive outlook, which could lead to short-term price growth, although the Equal-Weight rating indicates a neutral long-term view.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
B. Riley Securities upgraded Builders FirstSource from Neutral to Buy and increased the target from $128 to $177.
The upgrade to Buy and a higher price target indicate a strong positive change in sentiment, which could drive investor interest and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised G-III Apparel's price target from $24 to $30 and maintained a Market Perform rating.
The increase in price target suggests a positive adjustment to G-III Apparel's valuation, which could lead to short-term price appreciation, despite the Market Perform rating indicating a neutral long-term stance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. raised GSE Systems' price target from $3.5 to $13 and maintained a Buy rating.
The dramatic increase in GSE Systems' price target suggests a strong conviction in the company's potential, which could significantly impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Barclays increased MongoDB's price target from $470 to $478 and maintained an Overweight rating.
The slight increase in price target and the continuation of an Overweight rating suggest confidence in MongoDB's growth prospects, which may positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Canaccord Genuity raised MicroStrategy's price target from $554 to $670 and maintained a Buy rating.
The substantial increase in price target and the maintained Buy rating reflect a strong positive outlook, likely contributing to upward momentum in MicroStrategy's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
JMP Securities increased SentinelOne's price target from $22 to $33 and maintained a Market Outperform rating.
The significant increase in price target and the maintenance of a Market Outperform rating indicate a strong positive sentiment from JMP Securities, which could influence investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90