Uber To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Uber, Costco, Chegg, Palantir, Li Auto, Saia, Church & Dwight, Bristol-Myers Squibb, Vertex Pharmaceuticals, and Catalent. These changes reflect the analysts' latest views on these stocks, with some receiving upgrades, downgrades, or adjustments in price targets.
February 06, 2024 | 12:54 pm
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POSITIVE IMPACT
Telsey Advisory Group raised Costco's price target from $700 to $750, maintaining an Outperform rating. Costco's stock rose 0.2% to close at $711.16.
The raised price target for Costco by Telsey Advisory Group, along with an Outperform rating, indicates a bullish view on the stock, potentially leading to further gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank slashed Li Auto's price target from $45 to $41 but upgraded the stock from Hold to Buy. Li Auto's shares fell 1.2% to close at $28.00.
Despite the price target cut, Deutsche Bank's upgrade to Buy for Li Auto suggests a positive long-term view, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jefferies increased Palantir's price target from $13 to $22 and upgraded the stock from Underperform to Hold. Palantir's shares fell 1.8% to close at $16.72.
The upgrade and price target increase for Palantir by Jefferies indicate an improved outlook on the stock, which could lead to a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Uber's price target from $70 to $79, maintaining an Overweight rating. Uber's stock rose 1.4% to close at $68.99.
The increase in Uber's price target by Keybanc, along with a maintained Overweight rating, suggests a positive outlook on the stock, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler cut Chegg's price target from $9 to $8.5 and downgraded the stock from Neutral to Underweight. Chegg's shares fell 2.8% to close at $9.30.
The downgrade and price target cut for Chegg by Piper Sandler suggest a negative outlook, which could lead to further short-term declines in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90