Snap To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. T-Mobile's price target was cut by Keybanc, while Tractor Supply and Kemper Corporation saw their targets raised by Telsey Advisory Group and Raymond James, respectively. Snap Inc. received a significant price target increase and upgrade from Deutsche Bank. Other companies like KLA Corporation, EverQuote, and Range Resources also had their targets adjusted. Northrop Grumman and Archer-Daniels-Midland experienced downgrades and target reductions by RBC Capital and UBS, respectively.

January 26, 2024 | 1:24 pm
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NEGATIVE IMPACT
UBS slashed Archer-Daniels-Midland's price target from $104 to $51 and downgraded the stock from Buy to Neutral. The stock fell 2.4% on Thursday.
The significant cut in price target and downgrade to Neutral by UBS could have a strong negative short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
RBC Capital reduced Northrop Grumman's price target from $515 to $450 and downgraded the stock from Outperform to Sector Perform. Shares fell by 0.9% on Thursday.
The lowered price target and downgrade could lead to a negative short-term impact on Northrop Grumman's stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Susquehanna cut Range Resources' price target from $43 to $34 and downgraded the stock from Positive to Neutral. The shares closed at $29.78 on Thursday.
The reduction in price target and downgrade to Neutral could negatively affect investor sentiment and the stock's short-term price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Keybanc cut T-Mobile's price target from $183 to $175 but maintained an Overweight rating. T-Mobile shares rose slightly by 0.4% on Thursday.
The reduction in price target could be seen as negative, but the maintenance of an Overweight rating suggests continued confidence in the company's prospects.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Needham raised EverQuote's price target from $10 to $15 and maintained a Buy rating. EverQuote shares increased by 1.6% on Thursday.
The positive adjustment in price target and a Buy rating could lead to continued short-term upward momentum for EverQuote's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Berenberg increased KLA's price target from $670 to $690 and maintained a Buy rating. KLA shares rose 0.5% on Thursday.
The increase in price target and maintenance of a Buy rating suggest a positive sentiment that could benefit KLA's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Raymond James raised Kemper's price target from $60 to $70 and maintained a Strong Buy rating. Kemper shares gained 7.1% on Thursday.
The substantial increase in price target and the Strong Buy rating are likely to have a positive impact on the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank significantly increased Snap's price target from $10 to $19 and upgraded the stock from Hold to Buy. Snap shares fell slightly by 0.2% on Thursday.
The upgrade to Buy and nearly doubling of the price target by Deutsche Bank could lead to a positive short-term reaction in Snap's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group increased Tractor Supply's price target from $230 to $245 and maintained an Outperform rating. The stock saw a minor rise of 0.1% on Thursday.
An increased price target and a maintained Outperform rating could signal a positive outlook, potentially leading to a short-term stock price increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70