Walmart To Rally Around 18%? 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 Walmart, UFP Industries, SolarEdge Technologies, Skyward Specialty Insurance Group, LivaNova, Teladoc Health, Palo Alto Networks, The Middleby Corporation, Tri Pointe Homes, and Bicycle Therapeutics. These changes reflect the analysts' latest views on these companies, with adjustments made to price targets and maintaining various ratings such as Outperform, Buy, Sector Perform, Market Outperform, and Neutral.
February 21, 2024 | 6:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Cantor Fitzgerald cut Palo Alto Networks' price target from $400 to $350, maintaining an Overweight rating.
The significant reduction in Palo Alto Networks' price target could reflect concerns about its valuation or growth prospects, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Scotiabank reduced SolarEdge Technologies' price target from $93 to $90, maintaining a Sector Perform rating.
The slight reduction in price target for SolarEdge Technologies may reflect concerns or caution from Scotiabank, potentially leading to a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RBC Capital reduced Teladoc Health's price target from $30 to $25, maintaining an Outperform rating.
The reduction in price target for Teladoc Health, despite maintaining an Outperform rating, may signal caution, potentially impacting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
HC Wainwright & Co. lowered Bicycle Therapeutics' price target from $57 to $55, maintaining a Buy rating.
The minor reduction in Bicycle Therapeutics' price target, along with a maintained Buy rating, suggests a slight recalibration of expectations, likely having a neutral impact on the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Wedbush raised Tri Pointe Homes' price target from $32 to $35, maintaining a Neutral rating.
The increase in price target by Wedbush, despite a Neutral rating, suggests a slight positive adjustment in valuation perspective, likely having a neutral impact on the stock.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Needham raised LivaNova's price target from $62 to $72, maintaining a Buy rating.
The raised price target by Needham indicates a strong bullish stance on LivaNova, suggesting potential for stock price appreciation in the near term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Canaccord Genuity increased The Middleby Corporation's price target from $164 to $166, maintaining a Buy rating.
The minor increase in price target for The Middleby Corporation suggests a continued positive outlook from Canaccord Genuity, which could support a modest uptick in the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JMP Securities increased Skyward Specialty Insurance's price target from $38 to $40, maintaining a Market Outperform rating.
The increase in price target by JMP Securities suggests confidence in Skyward Specialty Insurance's future performance, potentially leading to positive investor sentiment.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Benchmark raised UFP Industries' price target from $120 to $137, maintaining a Buy rating.
The raised price target by Benchmark indicates a bullish view on UFP Industries, which could lead to increased investor interest and a potential uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Telsey Advisory Group raised Walmart's price target from $185 to $205, maintaining an Outperform rating.
The increase in price target by Telsey Advisory Group suggests a positive outlook on Walmart's performance, potentially leading to an increase in investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90