Amazon.com To Rally Over 38%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. Morgan Stanley raised Regency Centers Corporation's target and upgraded the stock. Wedbush increased Amazon.com's price target while maintaining an Outperform rating. Wells Fargo lowered argenx SE's target but kept an Overweight rating. Deutsche Bank raised Micron Technology's target and maintained a Buy rating. HC Wainwright & Co. increased Immunovant's target with a Buy rating. Needham raised CrowdStrike Holdings' target and maintained a Buy rating. Morgan Stanley increased Salesforce's target and upgraded the stock. Pivotal Research raised Spotify Technology's target and upgraded the stock. Baird raised Insulet Corporation's target and upgraded the stock. JP Morgan raised Glaukos Corporation's target and upgraded the stock. All mentioned stocks experienced a decline in their share prices on Wednesday.
December 21, 2023 | 12:36 pm
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POSITIVE IMPACT
Wedbush increased Amazon.com's price target from $180 to $210 while maintaining an Outperform rating.
The raised price target by Wedbush suggests a bullish outlook for Amazon, which could positively influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley increased Salesforce's price target from $290 to $350 and upgraded the stock to Overweight.
The upgrade to Overweight and raised price target by Morgan Stanley indicates a strong bullish sentiment, likely leading to a positive short-term impact on Salesforce's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Needham raised CrowdStrike Holdings' price target from $250 to $325 and maintained a Buy rating.
The significant increase in price target and continued Buy rating by Needham could have a positive short-term impact on CrowdStrike's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised Glaukos Corporation's price target from $66 to $91 and upgraded the stock to Overweight.
The upgrade and raised price target by JP Morgan could have a positive short-term impact on Glaukos Corporation's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. increased Immunovant's price target from $47 to $51 with a Buy rating.
The raised price target and Buy rating could positively affect Immunovant's stock in the short term as it reflects analyst confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Deutsche Bank raised Micron Technology's price target from $85 to $90 and maintained a Buy rating.
The increased price target and maintained Buy rating by Deutsche Bank could lead to a positive short-term impact on Micron's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird raised Insulet Corporation's price target from $180 to $238 and upgraded the stock to Outperform.
The upgrade to Outperform and increased price target by Baird suggests a positive outlook, which could lead to a short-term rise in Insulet's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley raised Regency Centers Corporation's price target from $62 to $75 and upgraded the stock to Overweight.
The upgrade and increased price target by Morgan Stanley could lead to a positive short-term impact on REG's stock price as investors may react favorably to the analyst's confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Pivotal Research raised Spotify Technology's price target from $170 to $265 and upgraded the stock to Buy.
The upgrade and increased price target for Spotify by Pivotal Research could positively influence the stock's short-term trajectory.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Wells Fargo lowered argenx SE's price target from $585 to $470 but maintained an Overweight rating.
Despite the reduced price target, the maintenance of an Overweight rating by Wells Fargo could have a neutral short-term impact, as the rating still suggests confidence in the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80