Block To Rally More Than 20%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to varied stock price movements on Friday. Notable adjustments include upgrades for The Gap, Inc. (GPS), National Health Investors, Inc. (NHI), HashiCorp, Inc. (HCP), Root, Inc. (ROOT), and Block, Inc. (SQ), with significant price target increases for each. Other companies like Toll Brothers, Inc. (TOL), Tennant Company (TNC), AerCap Holdings N.V. (AER), Moderna, Inc. (MRNA), and Hess Corporation (HES) also saw changes in their price targets.
February 26, 2024 | 1:11 pm
News sentiment analysis
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POSITIVE IMPACT
JP Morgan upgraded The Gap, Inc. (GPS) from Underweight to Neutral and raised the price target from $16 to $20. GPS shares gained 1.9% to close at $19.45.
The upgrade by JP Morgan and the increase in price target likely contributed to the positive stock movement, indicating a bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley upgraded HashiCorp, Inc. (HCP) from Equal-Weight to Overweight and raised the price target from $23 to $30. HCP shares gained 2.4% to close at $22.12.
The upgrade and price target increase by Morgan Stanley likely drove the positive movement in HCP's stock, indicating a bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo upgraded National Health Investors, Inc. (NHI) from Equal-Weight to Overweight and raised the price target from $55 to $63. NHI shares rose 0.3% to close at $57.76.
The upgrade and price target increase by Wells Fargo suggest a positive outlook, contributing to the slight increase in NHI's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Root, Inc. (ROOT) from Market Perform to Outperform and raised the price target from $10 to $22. ROOT shares climbed 27.6% to close at $16.96.
The significant upgrade and price target increase for ROOT by Keefe, Bruyette & Woods likely contributed to the substantial stock price surge, indicating strong bullish sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Canaccord Genuity raised Block, Inc. (SQ) price target from $80 to $95 and maintained a Buy rating. SQ shares gained 16.1% to close at $78.92.
The price target increase for SQ by Canaccord Genuity, along with a maintained Buy rating, likely influenced the significant positive stock movement, reflecting a bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90