Apple To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised Arista Networks' target, HC Wainwright increased Invivyd's target, and B of A Securities upgraded Apple and raised its target. Citigroup downgraded Spirit Airlines with a lower target, Keefe, Bruyette & Woods downgraded Charles Schwab, and Piper Sandler upgraded Tempur Sealy with a higher target. Needham raised Impinj's target, Barclays increased Shopify's target, Morgan Stanley upgraded Hertz Global with a lower target, and Raymond James raised KB Home's target.
January 18, 2024 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Citigroup downgraded Spirit Airlines from Neutral to Sell and cut the price target from $13 to $4.
The downgrade to Sell and reduced price target suggest a negative outlook for Spirit Airlines' stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Keefe, Bruyette & Woods downgraded Charles Schwab from Outperform to Market Perform and lowered the price target from $75 to $70.
The downgrade to Market Perform and decreased price target could negatively affect Charles Schwab's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley upgraded Hertz Global from Equal-Weight to Overweight but cut the price target from $16 to $15.
The upgrade to Overweight may be positive, but the reduced price target could temper investor enthusiasm, resulting in a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Barclays raised Shopify's price target from $53 to $70 and maintained an Equal-Weight rating.
The increased price target with an unchanged Equal-Weight rating may have a neutral impact as it suggests potential growth without a strong buy recommendation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
B of A Securities upgraded Apple from Neutral to Buy and raised the price target from $208 to $225.
The upgrade to Buy and increased price target by B of A Securities is likely to have a positive impact on Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised Arista Networks' price target from $232 to $287 and maintained an Overweight rating.
The increased price target and maintained Overweight rating by Keybanc could lead to a positive short-term sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. increased Invivyd's price target from $5 to $15 and maintained a Buy rating.
The substantial increase in price target and maintained Buy rating could positively influence Invivyd's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Raymond James increased KB Home's price target from $61 to $70 and maintained an Outperform rating.
The raised price target and continued Outperform rating suggest a positive outlook for KB Home, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Needham raised Impinj's price target from $85 to $115 and maintained a Buy rating.
The increased price target and maintained Buy rating indicate a bullish outlook for Impinj, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Piper Sandler upgraded Tempur Sealy from Neutral to Overweight and raised the price target from $41 to $61.
The upgrade to Overweight and increased price target by Piper Sandler could lead to a positive reaction in Tempur Sealy's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85