Domino's To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their forecasts for several companies, including price target adjustments and rating changes. Notable mentions include Unity Software Inc. (U) with a price target cut but an upgrade to Neutral, Domino's Pizza, Inc. (DPZ) with a significant price target increase, and adjustments for PPG Industries, Inc. (PPG), Unilever PLC (UL), Roku, Inc. (ROKU), TransMedics Group, Inc. (TMDX), The Kroger Co. (KR), Agree Realty Corporation (ADC), Fate Therapeutics, Inc. (FATE), and CarGurus, Inc. (CARG).
February 27, 2024 | 2:09 pm
News sentiment analysis
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NEGATIVE IMPACT
PPG Industries, Inc. saw a price target reduction from $163 to $149 and was downgraded to Equal-Weight by Barclays.
The downgrade and price target cut suggest concerns about PPG's near-term performance, likely pressuring the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Roku, Inc. had its price target lowered from $77 to $51 and was downgraded to Underweight by Wells Fargo.
The significant price target cut and downgrade to Underweight suggest a negative outlook, likely impacting the stock negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Unilever PLC had its price target slashed from $52 to $48 and was downgraded to Underweight by Morgan Stanley.
The downgrade to Underweight and price target reduction indicate a bearish outlook on Unilever's near-term prospects.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Agree Realty Corporation saw a slight price target cut from $70 to $68 but maintained a Buy rating by Truist Securities.
Despite the minor price target cut, the maintenance of a Buy rating suggests a generally positive outlook on ADC's fundamentals.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
Fate Therapeutics, Inc. had its price target increased from $3 to $7 by Wedbush, maintaining a Neutral rating.
The price target increase, despite a Neutral rating, suggests a slight improvement in the company's outlook without strong conviction.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
Unity Software Inc. had its price target cut from $35 to $30 but was upgraded to Neutral by Piper Sandler.
The upgrade to Neutral suggests a stabilization in the company's outlook, potentially offsetting the negative impact of the price target cut.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
CarGurus, Inc. received a price target increase from $26 to $30 by Oppenheimer, maintaining an Outperform rating.
The price target increase and continued Outperform rating indicate strong confidence in CarGurus' growth prospects.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Domino's Pizza, Inc. received a price target increase from $470 to $530 by Oppenheimer, maintaining an Outperform rating.
The significant price target increase and the reiteration of an Outperform rating indicate strong confidence in Domino's growth prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
The Kroger Co. had its price target raised from $42 to $50 and was upgraded to Equal-Weight by Wells Fargo.
The upgrade to Equal-Weight and price target increase indicate a more favorable view on Kroger's stock, suggesting potential upside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
TransMedics Group, Inc. saw its price target increased from $92 to $105 by Oppenheimer, maintaining an Outperform rating.
The price target increase and continued Outperform rating suggest optimism about TransMedics' future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85