Texas Instruments To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. ONEOK, Silk Road Medical, Texas Instruments, DraftKings, Universal Display, Hertz Global Holdings, Discover Financial Services, Coinbase Global, and Crown Castle received new price targets. Texas Instruments is expected to rally around 17%, with UBS raising its price target from $170 to $195 and upgrading the stock from Neutral to Buy. Other companies saw a mix of upgrades, downgrades, and neutral ratings with corresponding adjustments to their price targets.
January 19, 2024 | 12:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs cut Chegg's price target from $10 to $8 and downgraded the stock from Neutral to Sell, after a 6.4% share price decline.
The price target cut and downgrade to Sell by Goldman Sachs are likely to have a negative impact on investor sentiment and the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Barclays lowered Discover Financial's price target from $124 to $112 and maintained an Equal-Weight rating, after a 10.8% share price drop.
The lowered price target and the recent significant share price drop suggest that the stock may continue to face downward pressure in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Citigroup increased Coinbase's price target from $90 to $151 but maintained a Neutral rating, following a 7.1% share price fall.
The increased price target is a positive sign, but the maintenance of a Neutral rating and recent share price decline could lead to a mixed short-term impact.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Jefferies reduced Hertz Global's price target from $12 to $8 and downgraded the stock from Buy to Hold, despite a 7.5% share price jump.
The price target reduction and downgrade to Hold could counteract the recent share price jump, potentially leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Citigroup raised Universal Display's price target from $161 to $180 but downgraded the stock from Buy to Neutral.
The increased price target is positive, but the downgrade to Neutral may temper investor expectations, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
BMO Capital raised Crown Castle's price target from $107 to $110 and upgraded the stock from Underperform to Market Perform.
The upgrade to Market Perform and a slight increase in price target could indicate a stabilization in sentiment, possibly leading to a modest short-term stock price increase.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
Stifel raised DraftKings' price target from $40 to $45 and upgraded the stock from Hold to Buy, following a 7% share price jump.
The upgrade and price target hike by Stifel could fuel further investor optimism and share price appreciation in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Raymond James raised ONEOK's price target from $80 to $85 and maintained an Outperform rating, after shares gained 3.2%.
The price target increase and maintained Outperform rating could continue to drive positive sentiment and share price growth in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stifel increased Silk Road Medical's price target from $9 to $20 and upgraded the stock from Hold to Buy.
The substantial price target increase and upgrade to Buy indicate a strong positive outlook, which may lead to a short-term uptick in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
UBS raised Texas Instruments' price target from $170 to $195 and upgraded the stock from Neutral to Buy, indicating a potential rally.
The upgrade by UBS and the significant increase in price target suggest a strong bullish sentiment, which could lead to a short-term rally in Texas Instruments' stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90