Datadog To Rally Over 22%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. Semtech Corporation's target was cut by Needham, while Barclays raised Toll Brothers' target. Piper Sandler increased Cerevel Therapeutics' target but downgraded the stock. B. Riley Securities slashed 5E Advanced Materials' target and downgraded the stock. Goldman Sachs reduced Danaher Corporation's target and downgraded the stock. Wells Fargo lifted Schneider National's target and upgraded the stock. Stifel raised Datadog's target and upgraded the stock. Keybanc increased monday.com's target. Raymond James raised AeroVironment's target, and Piper Sandler increased Braze's target.

December 07, 2023 | 12:41 pm
News sentiment analysis
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NEGATIVE IMPACT
Piper Sandler increased Cerevel Therapeutics' price target from $33 to $45 but downgraded the stock from Overweight to Neutral.
The downgrade to Neutral despite the increased price target could lead to negative investor sentiment as it suggests a more cautious stance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs cut Danaher Corporation's price target from $215 to $205 and downgraded the stock from Buy to Neutral.
The downgrade and reduced price target by Goldman Sachs could lead to negative investor sentiment and a potential decrease in stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
B. Riley Securities slashed 5E Advanced Materials' price target from $4 to $2.5 and downgraded the stock from Buy to Neutral.
The significant reduction in price target and downgrade to Neutral is likely to be perceived negatively by the market, potentially leading to a decline in the stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Needham cut Semtech Corporation's price target from $35 to $26 but maintained a Buy rating.
The price target cut could be seen negatively by investors, but the maintained Buy rating suggests underlying confidence in the company's prospects.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Barclays increased Toll Brothers' price target from $74 to $95 but maintained an Underweight rating.
The increased price target is positive, but the Underweight rating indicates that Barclays still has reservations about the stock's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Raymond James increased AeroVironment's price target from $125 to $145 and maintained an Outperform rating.
The price target increase and continued Outperform rating indicate a positive view from Raymond James, which could positively influence the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised Braze's price target from $57 to $66 and maintained an Overweight rating.
The increased price target and Overweight rating suggest that Piper Sandler is optimistic about Braze's growth potential, which could lead to a positive stock price movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel raised Datadog's price target from $98 to $140 and upgraded the stock from Hold to Buy.
The substantial increase in price target and upgrade to Buy indicates strong confidence from Stifel, which could significantly boost investor sentiment and the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Keybanc boosted monday.com's price target from $185 to $205 and maintained an Overweight rating.
The increased price target and maintained Overweight rating suggest continued optimism about the company's future, which could lead to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo increased Schneider National's price target from $23 to $25 and upgraded the stock from Underweight to Equal-Weight.
The upgrade to Equal-Weight and increased price target suggests a more favorable outlook, which could lead to a positive reaction in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75