NVIDIA To Rally Over 35%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised NVIDIA's target from $650 to $740 and Micron's from $100 to $115, maintaining Overweight ratings. Deutsche Bank increased Western Digital's target from $45 to $65 and upgraded it to Buy. Morgan Stanley raised Dollar General's target from $130 to $160 and upgraded it to Overweight. Piper Sandler increased Home Depot's target from $311 to $400 and upgraded it to Overweight. Baird raised Triumph Group's target from $13 to $20 and upgraded it to Outperform. Redburn Atlantic raised Hyatt Hotels' target from $120 to $130 but downgraded it to Neutral. Wells Fargo cut Boeing's target from $280 to $225 and downgraded it to Equal-Weight. Bernstein raised Boston Beer's target from $280 to $335 and upgraded it to Market Perform. Morgan Stanley increased DocuSign's target from $49 to $64 and upgraded it to Equal-Weight.
January 16, 2024 | 12:54 pm
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POSITIVE IMPACT
Morgan Stanley raised Dollar General's price target from $130 to $160 and upgraded the stock to Overweight.
The raised price target and upgrade to Overweight by Morgan Stanley could positively influence Dollar General's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler increased Home Depot's price target from $311 to $400 and upgraded the stock to Overweight.
The substantial price target increase and upgrade to Overweight for Home Depot may lead to a short-term positive impact on the stock's performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keybanc increased Micron's price target from $100 to $115, maintaining an Overweight rating.
The raised price target and Overweight rating for Micron indicate analyst confidence in the company's prospects, potentially driving short-term stock appreciation.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised NVIDIA's price target from $650 to $740, maintaining an Overweight rating.
The increased price target and maintained Overweight rating by Keybanc suggest a positive outlook for NVIDIA, which could lead to a short-term rally in the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Baird raised Triumph Group's price target from $13 to $20 and upgraded the stock to Outperform.
The upgrade to Outperform and increased price target by Baird could drive Triumph Group's stock price higher in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank boosted Western Digital's price target from $45 to $65 and upgraded the stock to Buy.
The significant increase in price target and upgrade to Buy from Deutsche Bank could lead to positive investor sentiment and a short-term increase in Western Digital's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Morgan Stanley increased DocuSign's price target from $49 to $64 and upgraded the stock to Equal-Weight.
The raised price target and upgrade to Equal-Weight for DocuSign suggest a neutral outlook, which may not have a strong short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Redburn Atlantic raised Hyatt Hotels' price target from $120 to $130 but downgraded the stock to Neutral.
While the price target for Hyatt Hotels has been increased, the downgrade to Neutral may create mixed sentiment, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Bernstein raised Boston Beer's price target from $280 to $335 and upgraded the stock to Market Perform.
The increased price target and upgrade to Market Perform for Boston Beer may not significantly impact the stock price in the short term, as the rating suggests a neutral stance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Wells Fargo slashed Boeing's price target from $280 to $225 and downgraded the stock to Equal-Weight.
The reduced price target and downgrade to Equal-Weight by Wells Fargo are negative indicators that could lead to a short-term decline in Boeing's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90