Analog Devices To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including raising and lowering price targets for stocks like Wix.com Ltd. (WIX), Analog Devices, Inc. (ADI), and others. These changes reflect analysts' latest views on these companies, potentially influencing their stock prices in the short term.
February 22, 2024 | 12:23 pm
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NEGATIVE IMPACT
Cantor Fitzgerald raised Root, Inc.'s price target from $9 to $13 and upgraded the stock to Overweight. Shares fell 4.4% to close at $8.67.
Despite the upgrade and increased price target, the negative stock price movement suggests a short-term bearish impact, possibly due to broader market conditions or skepticism.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
TD Cowen raised Wingstop Inc.'s price target from $295 to $355, maintaining an Outperform rating. Shares fell 4.4% to close at $310.32.
Despite the significant increase in price target and positive rating, the stock's decline suggests a short-term bearish impact, possibly due to market reactions or other external factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
HC Wainwright & Co. cut Aurinia Pharmaceuticals' price target from $15 to $13, maintaining a Buy rating. Shares gained 2.7% to close at $5.74.
Despite the lowered price target, the maintained Buy rating and the positive stock price movement indicate a mixed short-term impact, suggesting investor optimism may still exist.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Wedbush lowered Jack in the Box's price target from $83 to $79, maintaining a Neutral rating. Shares gained 0.3% to close at $73.95.
The reduction in price target with a maintained Neutral rating and minimal stock price movement indicate a neutral short-term impact, suggesting market equilibrium.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Keybanc raised Analog Devices' price target from $220 to $230, maintaining an Overweight rating. Analog Devices' shares gained 2.3% to close at $193.72.
The raised price target by Keybanc and the positive stock price movement for Analog Devices suggest a bullish short-term outlook from both analysts and investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TD Cowen raised Coty Inc.'s price target from $13 to $16 and upgraded the stock to Outperform. Coty shares gained 3.9% to close at $12.64.
The upgrade and increased price target by TD Cowen, coupled with the positive stock price reaction, suggest a strong short-term bullish impact for Coty Inc.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Chardan Capital raised CRISPR Therapeutics' price target from $110 to $112, maintaining a Buy rating. Shares gained 4.7% to close at $82.41.
The slight increase in price target and the stock's positive performance indicate a favorable short-term outlook, reflecting confidence in CRISPR Therapeutics' prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Needham raised Glaukos Corporation's price target from $105 to $108, maintaining a Buy rating. Shares rose 0.7% to close at $92.79.
The increase in price target and the stock's slight positive movement suggest a cautiously optimistic short-term impact, indicating confidence in Glaukos' growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised Ultra Clean Holdings' price target from $46 to $50, maintaining a Buy rating. Shares gained 1% to close at $42.21.
The raised price target and positive stock movement indicate a bullish short-term outlook, reflecting investor confidence in Ultra Clean Holdings' future performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised Wix.com's price target from $146 to $165, maintaining an Overweight rating. Wix.com's shares rose 5.9% to close at $132.77.
The increase in price target by Piper Sandler and the subsequent rise in Wix.com's stock price indicate a positive short-term impact, reflecting investor confidence in the analyst's outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90