This Analyst With 84% Accuracy Rate Sees Around 13% Upside In Darden Restaurants - Here Are 5 Stock Picks For 2023 From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks for 2023. Sumeet Mody of Piper Sandler sees a 3% increase in Enfusion, Inc. (ENFN) with a price target of $10. Ross Seymore of Deutsche Bank predicts a 7% downside for Arm Holdings plc (ARM) despite raising the price target to $70. Brian Bittner of Oppenheimer forecasts a 13% upside for Darden Restaurants, Inc. (DRI) with a $185 price target. Frank Schiraldi of Piper Sandler expects a 27% surge in The Bancorp, Inc. (TBBK) with a new price target of $51. Aaron Rakers of Wells Fargo sees an 11% upside in Micron Technology, Inc. (MU) with a price target of $95.
January 02, 2024 | 2:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Ross Seymore of Deutsche Bank downgrades Arm Holdings plc (ARM) from Buy to Hold but raises the price target from $60 to $70, seeing a 7% downside.
The downgrade to Hold despite a higher price target indicates mixed sentiment, which could lead to short-term negative pressure on ARM's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brian Bittner of Oppenheimer reiterates an Outperform rating on Darden Restaurants, Inc. (DRI) with a $185 price target, expecting a 13% upside.
The reiterated Outperform rating and significant upside expectation suggest a strong short-term bullish impact on DRI's stock.
CONFIDENCE 84
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sumeet Mody of Piper Sandler maintains a Neutral rating on Enfusion, Inc. (ENFN) and raises the price target from $9 to $10, seeing a 3% increase.
The price target increase and the Neutral rating by a high-accuracy analyst suggest a positive but limited short-term impact on ENFN's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight rating on Micron Technology, Inc. (MU) and boosts the price target from $82 to $95, seeing over an 11% upside.
The positive rating and increased price target by a reputable analyst suggest a bullish short-term impact on MU's stock price.
CONFIDENCE 84
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Frank Schiraldi of Piper Sandler maintains an Overweight rating on The Bancorp, Inc. (TBBK) and raises the price target from $49 to $51, expecting a 27% surge.
The Overweight rating and significant price target raise indicate a strong positive short-term impact on TBBK's stock price.
CONFIDENCE 84
IMPORTANCE 75
RELEVANCE 85