Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. Morgan Stanley raised Wells Fargo's target from $54 to $63 and maintained an Overweight rating. Needham increased F5's target from $200 to $220 with a Buy rating. Wells Fargo downgraded Western Alliance from Overweight to Equal-Weight but raised the target from $62 to $72. Morgan Stanley upgraded Bank of America from Equal-Weight to Overweight and raised the target from $32 to $41. Barclays lowered Hexcel's target from $80 to $75 with an Equal-Weight rating. Oppenheimer downgraded Five Below from Outperform to Perform and cut the target from $235 to $200. UBS upgraded Spotify from Neutral to Buy and raised the target from $170 to $274. Keybanc raised Meta Platforms' target from $380 to $465 with an Overweight rating. Raymond James increased Stellar Bancorp's target from $24 to $29 with an Outperform rating. Morgan Stanley raised JPMorgan's target from $191 to $221 and maintained an Overweight rating.
January 30, 2024 | 12:15 pm
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NEGATIVE IMPACT
Oppenheimer downgraded Five Below from Outperform to Perform and cut the target from $235 to $200.
The downgrade and reduced price target are likely to be taken negatively by the market, possibly resulting in a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Barclays lowered Hexcel's price target from $80 to $75 with an Equal-Weight rating.
The reduction in price target could negatively affect investor sentiment, potentially leading to a short-term dip in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Wells Fargo downgraded Western Alliance from Overweight to Equal-Weight but raised the target from $62 to $72.
The downgrade to Equal-Weight may be offset by the increased price target, leading to a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley upgraded Bank of America from Equal-Weight to Overweight and raised the target from $32 to $41.
An upgrade to Overweight and a higher price target by Morgan Stanley are strong indicators of potential stock growth in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Needham raised F5's price target from $200 to $220 and maintained a Buy rating.
The raised price target and continued Buy rating indicate a positive sentiment from analysts, which could translate into short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley raised JPMorgan's price target from $191 to $221 and maintained an Overweight rating.
The increase in JPMorgan's price target and the continuation of an Overweight rating suggest a positive outlook, which could positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Meta Platforms' price target from $380 to $465 with an Overweight rating.
The substantial increase in Meta Platforms' price target and the maintenance of an Overweight rating reflect a highly optimistic view from analysts, which is likely to have a positive effect on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
UBS upgraded Spotify from Neutral to Buy and raised the target from $170 to $274.
The upgrade to Buy and a significant increase in the price target by UBS suggest strong confidence in Spotify's prospects, which could lead to a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Raymond James increased Stellar Bancorp's target from $24 to $29 with an Outperform rating.
The raised price target and Outperform rating indicate a bullish view from Raymond James, which may lead to a positive short-term impact on Stellar Bancorp's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley raised Wells Fargo's price target from $54 to $63 and maintained an Overweight rating.
The increase in price target and the maintenance of an Overweight rating by a major analyst firm like Morgan Stanley suggests a bullish outlook, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90