Microsoft To Rally More Than 16%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. Barclays raised Microsoft's price target to $475 with an Overweight rating. Citigroup increased AMD's target to $192, maintaining a Buy rating. Redburn Atlantic set Alphabet's target at $165 with a Buy rating. Barclays lowered Starbucks' target to $112 but kept an Overweight rating. Needham reduced Calix's target to $50, still rating it a Buy. Morgan Stanley downgraded SoFi Technologies to Underweight, cutting the target to $6.5. BMO Capital downgraded Fortune Brands Innovations to Market Perform, raising the target to $82. Stephens & Co. upped Sysco's target to $90 with an Overweight rating. Keybanc decreased Malibu Boats' target to $50 but maintained an Overweight rating. Lastly, Barclays increased Pentair's target to $83, also with an Overweight rating.
January 31, 2024 | 12:22 pm
News sentiment analysis
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NEGATIVE IMPACT
Morgan Stanley downgraded SoFi Technologies to Underweight and cut the target to $6.5, following an 8.3% share price fall.
The downgrade to Underweight and reduced price target suggest a bearish view from Morgan Stanley, likely leading to a negative short-term impact on SoFi's stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Needham reduced Calix's price target from $55 to $50, maintaining a Buy rating, after a significant share price drop.
The reduced price target may reflect a cautious stance, but the maintained Buy rating could balance the short-term impact, suggesting a neutral outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
BMO Capital downgraded Fortune Brands Innovations to Market Perform, raising the target to $82, with a slight share price gain.
The upgrade in price target is positive, but the downgrade to Market Perform indicates a shift to a neutral stance, suggesting a balanced short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Keybanc lowered Malibu Boats' target from $58 to $50, maintaining an Overweight rating, after an 18.6% share price drop.
The lowered price target reflects a cautious view, but the maintained Overweight rating suggests underlying confidence, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Barclays lowered Starbucks' price target from $116 to $112 but maintained an Overweight rating, with a slight share price increase.
The decrease in price target could be seen as negative, but the maintained Overweight rating suggests that Barclays still sees upside potential, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup increased AMD's price target from $136 to $192 and maintained a Buy rating, despite a recent share price decline.
The significant price target increase and Buy rating from Citigroup could positively influence AMD's stock price in the short term as it suggests strong growth potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Redburn Atlantic raised Alphabet's price target from $150 to $165 with a Buy rating, aligning with a slight share price decrease.
The raised price target and Buy rating indicate analyst confidence in Alphabet's prospects, which could lead to a positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Barclays raised Microsoft's price target from $421 to $475 and maintained an Overweight rating, despite a slight share price drop.
The raised price target and maintained Overweight rating by Barclays suggest a positive outlook, which could lead to a short-term increase in investor confidence and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Barclays raised Pentair's price target from $81 to $83, maintaining an Overweight rating, despite a minor share price decline.
The increase in price target and maintained Overweight rating indicate a positive sentiment from Barclays, which could lead to a short-term positive impact on Pentair's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stephens & Co. increased Sysco's price target from $80 to $90 with an Overweight rating, coinciding with a 7.5% share price rise.
The increased price target and Overweight rating, along with the recent stock gain, suggest a positive short-term impact on Sysco's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90