Citigroup To Rally Over 19%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for CrowdStrike, Shopify, SS&C Technologies, Bruker Corporation, HP Inc., Citigroup, KalVista Pharmaceuticals, Denny's Corporation, Biogen, and MongoDB. These adjustments reflect analysts' latest views on these companies' stock performance potential.
February 14, 2024 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Piper Sandler increased Shopify's price target from $56 to $63 but maintained an Underweight rating. Shares fell 13.4% to $77.18.
Despite the price target increase, the Underweight rating and significant share price drop indicate potential short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Wedbush cut Denny's Corporation's price target from $11 to $10.5, maintaining a Neutral rating. Shares fell 4.2% to $9.91.
The slight price target cut and Neutral rating suggest a stable but cautious outlook, likely leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Needham reduced Biogen's price target from $305 to $300, maintaining a Buy rating. Shares fell 7.4% to $226.65.
The slight price target reduction but maintained Buy rating suggest a generally positive outlook, potentially leading to a short-term recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JP Morgan upgraded Bruker Corporation from Neutral to Overweight and raised the price target from $60 to $90. Shares jumped 8.8% to $76.79.
The upgrade and significant price target increase by JP Morgan likely contributed to the stock's short-term surge.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler upgraded Citigroup from Neutral to Overweight and raised the price target from $56 to $63. Shares fell 2.2% to $52.76.
The upgrade and price target increase indicate a positive outlook, which could lead to a short-term price increase despite the recent fall.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised CrowdStrike's price target from $318 to $375, maintaining an Overweight rating. Shares rose 0.4% to close at $322.44.
The increase in price target by Keybanc suggests a positive outlook on CrowdStrike's performance, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HSBC upgraded HP Inc. from Hold to Buy and increased the price target from $30 to $33. Shares fell 1.9% to $28.14.
The upgrade to Buy and price target increase suggest a positive outlook, potentially leading to a short-term price recovery despite the recent drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. raised KalVista Pharmaceuticals' price target from $16 to $24, maintaining a Buy rating. Shares fell 7.4% to $14.85.
The significant price target increase suggests a positive outlook, potentially leading to a short-term recovery despite the recent drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised MongoDB's price target from $500 to $543, maintaining an Overweight rating. Shares fell 3.3% to $472.13.
The price target increase suggests a positive outlook, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised SS&C Technologies' price target from $62 to $70, maintaining a Buy rating. Shares fell 1.8% to $60.15.
The price target increase and Buy rating suggest a positive outlook, which could lead to a short-term price recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90