Coinbase To Rally Around 45%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Toast, Inc. (TOST), Coinbase Global, Inc. (COIN), AtriCure, Inc. (ATRC), Westrock Coffee Company (WEST), IAC Inc. (IAC), Informatica Inc. (INFA), Inter & Co, Inc (INTR), PVH Corp. (PVH), Arm Holdings plc (ARM), and United Parcel Service, Inc. (UPS). These adjustments reflect analysts' latest expectations on these stocks, with significant price target changes and rating upgrades or downgrades.
February 16, 2024 | 1:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Citigroup cut Inter & Co, Inc's price target from $6.3 to $6 and downgraded the stock from Buy to Neutral. Inter shares fell 0.7% to close at $5.43.
The price target cut and downgrade to Neutral for Inter & Co, Inc by Citigroup suggest a more cautious outlook, aligning with the stock's slight decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Daiwa Capital raised Arm Holdings plc's price target from $63 to $130 but downgraded the stock from Buy to Neutral. Arm shares rose 5.8% to close at $133.68.
The significant price target increase for Arm Holdings plc by Daiwa Capital, despite the downgrade to Neutral, suggests mixed signals, aligning with the stock's recent gain.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Piper Sandler raised Toast, Inc.'s price target from $18 to $20, maintaining a Neutral rating. Toast shares fell 4.7% to close at $19.20.
The price target increase for Toast, Inc. suggests a positive outlook from Piper Sandler, but the maintained Neutral rating and recent share price drop indicate mixed short-term impacts.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Needham raised AtriCure, Inc.'s price target from $44 to $46, maintaining a Buy rating. AtriCure shares rose 5.1% to close at $34.21.
The price target increase for AtriCure, Inc. by Needham, along with a Buy rating, indicates a positive outlook, which is reflected in the stock's recent upward movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Canaccord Genuity increased Coinbase Global, Inc.'s price target from $140 to $240, maintaining a Buy rating. Coinbase shares rose 3.3% to close at $165.67.
The significant price target increase for Coinbase Global, Inc. by Canaccord Genuity, coupled with a Buy rating, reflects a strong bullish outlook, contributing to the stock's positive movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Keybanc raised IAC Inc.'s price target from $70 to $72, maintaining an Overweight rating. IAC shares gained 3.2% to close at $55.77.
The modest price target increase for IAC Inc. by Keybanc, along with an Overweight rating, indicates a positive but cautious outlook, aligning with the stock's recent positive performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Goldman Sachs raised Informatica Inc.'s price target from $26 to $44 and upgraded the stock from Neutral to Buy. Informatica shares surged 12.7% to close at $33.97.
The significant price target increase and upgrade to Buy for Informatica Inc. by Goldman Sachs reflect a strong bullish stance, which is likely the driver behind the stock's substantial gain.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
TD Cowen raised PVH Corp.'s price target from $86 to $150 and upgraded the stock from Market Perform to Outperform. PVH shares fell 0.3% to close at $128.08.
The significant price target increase and upgrade to Outperform for PVH Corp. by TD Cowen indicate a strong positive outlook, despite the stock's minor decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird raised United Parcel Service, Inc.'s price target from $165 to $170 and upgraded the stock from Neutral to Outperform. UPS shares rose 1.9% to close at $146.98.
The price target increase and upgrade to Outperform for United Parcel Service, Inc. by Baird suggest a positive outlook, which is reflected in the stock's recent upward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised Westrock Coffee Company's price target from $11 to $13, maintaining an Outperform rating. Westrock Coffee shares gained 4% to close at $11.13.
The price target increase for Westrock Coffee Company by Telsey Advisory Group, along with an Outperform rating, suggests a positive market outlook, contributing to the stock's gain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85