This Analyst With 84% Accuracy Rate Sees Around 10% Upside In Micron - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street analysts with high accuracy rates have made new stock picks, with Piper Sandler's Sumeet Mody maintaining a Neutral rating on SEI Investments Company (SEIC) with a price target increase, Deutsche Bank's Ross Seymore downgrading Arm Holdings plc (ARM) with a price target increase, Oppenheimer's Brian Bittner reiterating an Outperform rating on Darden Restaurants, Inc. (DRI) with a significant upside, Wells Fargo's Aaron Rakers maintaining an Overweight rating on Micron Technology, Inc. (MU) with a notable upside, and JP Morgan's Seth Seifman maintaining a Neutral rating on General Electric Company (GE) with a raised price target.
December 26, 2023 | 11:49 am
News sentiment analysis
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NEGATIVE IMPACT
Ross Seymore of Deutsche Bank downgrades Arm Holdings plc from Buy to Hold and raises the price target from $60 to $70, seeing a 3% downside in the stock.
Despite the price target increase, the downgrade to Hold implies a cautious stance on ARM, which could negatively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Brian Bittner of Oppenheimer reiterates an Outperform rating on Darden Restaurants, Inc. with a price target of $185, seeing around 14% upside in the stock.
The reiterated Outperform rating and significant upside potential indicate a strong positive sentiment towards DRI, which could drive the stock price up in the short term.
CONFIDENCE 84
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Seth Seifman of JP Morgan maintains a Neutral rating on General Electric Company and raises the price target from $124 to $136, seeing around a 7% surge in the stock.
The raised price target indicates a positive adjustment in GE's valuation, which could result in a moderate increase in the stock price in the short term.
CONFIDENCE 83
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight rating on Micron Technology, Inc. and increases the price target from $82 to $95, seeing over 10% upside in the stock.
The Overweight rating and raised price target by a top analyst suggest strong confidence in MU's prospects, likely leading to a positive short-term impact on the stock.
CONFIDENCE 84
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Sumeet Mody of Piper Sandler maintains a Neutral rating on SEI Investments Company and raises the price target from $58 to $66, seeing a 2% increase in the stock.
The price target increase by a highly accurate analyst suggests a positive outlook for SEIC, potentially leading to a short-term rise in the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80