Snap To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. Darden Restaurants, Prologis, TrueCar, Intel, Equifax, Exelon, Snap, Berry Global Group, Micron Technology, and Arm Holdings have all seen changes in their analyst forecasts. Notably, Snap Inc. could rally around 36% according to Guggenheim, which upgraded the stock from Neutral to Buy with a new price target of $23.
December 18, 2023 | 1:15 pm
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NEGATIVE IMPACT
Morgan Stanley downgraded Exelon from Overweight to Equal-Weight and cut the price target from $45 to $38, following a share price drop.
The downgrade to Equal-Weight and reduced price target by Morgan Stanley suggest a cautious outlook, which could negatively affect Exelon's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Deutsche Bank raised Arm Holdings' price target from $60 to $70 but downgraded the stock from Buy to Hold, after a slight share price increase.
The mixed signals of a price target increase and a downgrade to Hold by Deutsche Bank could lead to a neutral short-term impact on Arm Holdings' stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wells Fargo maintained an Overweight rating on Berry Global and raised the price target from $72 to $77, aligning with a stable share price.
The price target increase and maintained Overweight rating by Wells Fargo could have a modest positive effect on Berry Global's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Wedbush raised Darden Restaurants' price target from $165 to $177 and maintained an Outperform rating, despite a slight share price drop.
The increase in price target by Wedbush suggests a positive outlook for Darden Restaurants, which could lead to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies upgraded Equifax from Hold to Buy and increased the price target from $200 to $315, despite a slight decline in share price.
The upgrade to Buy and a substantial price target hike by Jefferies could lead to a positive short-term impact on Equifax's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
B of A Securities upgraded Intel from Underperform to Neutral and increased the price target from $32 to $50, after a recent share price rise.
The upgrade to Neutral and the raised price target by B of A Securities indicate a more favorable outlook for Intel, which may lead to further stock appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Susquehanna raised Micron Technology's price target from $90 to $112 and maintained a Positive rating, despite a slight share price decline.
The raised price target and continued Positive rating by Susquehanna suggest a bullish stance that could positively influence Micron's stock price shortly.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan upgraded Prologis from Neutral to Overweight and raised the price target from $123 to $148, despite a recent share price decline.
The upgrade to Overweight and a significant price target increase by JP Morgan could positively influence Prologis' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Guggenheim upgraded Snap from Neutral to Buy and raised the price target from $9 to $23, indicating a potential 36% rally despite a minor share price dip.
The significant upgrade and price target increase by Guggenheim could lead to a strong short-term bullish impact on Snap's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Needham raised TrueCar's price target from $3.5 to $4.5 and maintained a Buy rating, aligning with the stock's recent gain.
The raised price target and maintained Buy rating by Needham could continue to support TrueCar's stock price growth in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80