AMD To Rally Over 25%? 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. Notable changes include upgrades for Murphy USA, American Express, Allstate, Equifax, Five Below, Merck, AMD, and Micron Technology, with increased price targets. Conversely, Apple and MongoDB received downgrades with reduced price targets. These adjustments reflect the analysts' latest views on these stocks' potential performance.
January 04, 2024 | 12:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Piper Sandler downgraded Apple Inc. from Overweight to Neutral and cut the price target from $220 to $205.
The downgrade to Neutral and reduced price target by Piper Sandler could negatively impact Apple's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
UBS downgraded MongoDB, Inc. from Buy to Neutral and reduced the price target from $475 to $410.
The downgrade by UBS and the lower price target could have a negative short-term impact on MongoDB's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley upgraded The Allstate Corporation from Equal-Weight to Overweight and raised the price target from $117 to $171.
The upgrade and increased price target for Allstate by Morgan Stanley are likely to have a positive effect on the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keybanc maintained an Overweight rating on Advanced Micro Devices, Inc. and raised the price target from $140 to $170.
Keybanc's continued Overweight rating and higher price target for AMD suggest a positive outlook, which could drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JP Morgan upgraded American Express Company from Neutral to Overweight and increased the price target from $167 to $205.
The upgrade to Overweight and a higher price target by JP Morgan may result in a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Needham maintained a Buy rating on Equifax Inc. and increased the price target from $230 to $305.
The reaffirmed Buy rating and raised price target by Needham suggest continued confidence in Equifax, which could positively influence its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI Group upgraded Five Below, Inc. from In-Line to Outperform and raised the price target from $215 to $245.
The upgrade to Outperform and a higher price target indicate a bullish view from Evercore ISI Group, which could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
TD Cowen upgraded Merck & Co., Inc. from Market Perform to Outperform and raised the price target from $125 to $135.
The upgrade by TD Cowen and the increased price target are likely to be taken positively by the market, potentially leading to a short-term uptick in Merck's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler upgraded Micron Technology, Inc. from Neutral to Overweight and raised the price target from $70 to $95.
The upgrade to Overweight and a significant increase in the price target for Micron Technology by Piper Sandler could lead to a positive short-term price movement.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Jefferies upgraded Murphy USA Inc. from Hold to Buy and raised the price target from $375 to $425.
The upgrade by Jefferies to a Buy rating and a significant increase in price target suggests a strong positive sentiment, likely leading to a short-term rally in the stock.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90