Harmonic To Rally Over 80%? 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. Whirlpool's target was raised by JP Morgan, while Barclays cut Pfizer's target. Stifel raised Deckers Outdoor's target but downgraded the stock, and BMO Capital slashed FMC's target and downgraded it. Keybanc raised Procore Technologies' target, Needham increased Etsy's target, and Raymond James raised Harmonic's target with a strong buy rating. Morgan Stanley boosted Six Flags' target and upgraded the stock, Keefe, Bruyette & Woods raised Invesco's target and upgraded it, and Stifel boosted Alector's target and upgraded the stock.
December 14, 2023 | 12:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stifel boosted Alector's price target from $8 to $15 and upgraded the stock from Hold to Buy. Shares rose 3.8% to close at $6.90.
Stifel's significant price target increase and upgrade to Buy indicate strong confidence in Alector, which could drive the stock's short-term growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased Etsy's price target from $85 to $95 and maintained a Buy rating. Etsy shares fell 2.2% to close at $83.97.
Needham's higher price target and Buy rating suggest a positive outlook, which could lead to a rebound in Etsy's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Raymond James raised Harmonic's price target from $15 to $19 and maintained a Strong Buy rating. Shares gained 3.8% to close at $10.52.
The substantial increase in Harmonic's price target and the Strong Buy rating are highly positive signals that could significantly boost the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keefe, Bruyette & Woods raised Invesco's price target from $15.5 to $20 and upgraded the stock from Market Perform to Outperform. Shares gained 5.3% to close at $16.34.
The upgrade to Outperform and the raised price target by Keefe, Bruyette & Woods could lead to continued positive performance for Invesco's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised Procore Technologies' price target from $65 to $70 and maintained an Overweight rating. Shares gained 4% to close at $60.99.
Keybanc's increased price target and positive rating could continue to drive positive momentum for Procore Technologies' stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley boosted Six Flags' price target from $29 to $32 and upgraded the stock from Equal-Weight to Overweight. Shares rose 0.1% to close at $25.50.
Morgan Stanley's upgrade and increased price target for Six Flags suggest a bullish outlook, which could positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan increased Whirlpool's price target from $104 to $120 and maintained a Neutral rating. Whirlpool shares gained 4.5% to close at $114.75.
The increase in price target by JP Morgan is a positive signal, likely contributing to the recent share price gain and may continue to do so in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Stifel raised Deckers Outdoor's price target from $600 to $709 but downgraded the stock from Buy to Hold. Shares gained 1.9% to close at $719.27.
Despite the price target increase, Stifel's downgrade to Hold may create mixed sentiment, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
BMO Capital slashed FMC's price target from $80 to $63 and downgraded the stock from Outperform to Market Perform. Shares rose 5.7% to close at $57.76.
The significant cut in FMC's price target and the downgrade could lead to a negative short-term impact despite the recent share price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Barclays cut Pfizer's price target from $34 to $28 and maintained an Equal-Weight rating. Pfizer shares fell 6.7% to close at $26.66.
The reduction in Pfizer's price target by Barclays could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80