CyberArk Software To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to significant price movements. Notable adjustments include Telsey Advisory Group raising Ralph Lauren's target, HSBC upgrading Bunge Global, and Needham increasing CyberArk Software's target. Other companies like Inotiv, Everest Group, Spectrum Brands, Albemarle, Paylocity Holding, Curis, and Liberty Global also saw changes in their analyst forecasts.
February 09, 2024 | 1:11 pm
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NEGATIVE IMPACT
Wells Fargo downgraded Everest Group from Overweight to Equal-Weight, cutting the price target from $484 to $402. Shares fell 7.7%.
The downgrade and reduced price target likely led to the stock's decline, reflecting a more cautious outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
HSBC upgraded Bunge Global from Hold to Buy, cutting the price target from $122 to $105. Shares fell 1.7%.
Despite the price target cut, the upgrade to Buy suggests a positive outlook, potentially leading to longer-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Needham increased CyberArk Software's price target from $245 to $310, maintaining a Buy rating. Shares gained 7.6%.
The substantial raise in CyberArk's price target, coupled with a maintained Buy rating, likely fueled the stock's rise.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Jefferies upgraded Inotiv from Hold to Buy, raising the price target from $3 to $11.5. Shares surged 16.8%.
The upgrade to Buy and a significant price target increase likely contributed to the stock's significant gain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised Ralph Lauren's price target from $165 to $195, maintaining an Outperform rating. Shares jumped 16.8%.
The significant increase in price target and the maintenance of an Outperform rating by a reputable analyst group likely contributed to the stock's sharp rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90