Netflix To Rally Around 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, indicating potential stock movements. STAAR Surgical, Hyatt Hotels, Williams-Sonoma, Costco Wholesale, Snap-on, NIO, General Electric, Netflix, Constellation Brands, and Broadcom have all seen changes in their analyst forecasts, with adjustments in price targets and, in some cases, ratings. These changes could influence the short-term performance of these stocks.
March 11, 2024 | 12:16 pm
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities raised Snap-on's price target from $240 to $275, maintaining an Underperform rating.
Despite the increased price target, the continued Underperform rating indicates a negative outlook, potentially leading to downward pressure on the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley raised Hyatt Hotels' price target from $149 to $156 but downgraded the stock from Overweight to Equal-Weight.
The increase in price target is positive, but the downgrade suggests caution, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley cut NIO's price target from $13 to $10 but maintained an Overweight rating.
The reduction in price target is negative, but the maintained Overweight rating suggests underlying confidence in NIO's fundamentals, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Baird raised Broadcom's price target from $1,265 to $1,500, maintaining an Outperform rating.
The significant increase in price target and continued Outperform rating reflect strong confidence in Broadcom's future performance, indicating likely positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Barclays increased Costco's price target from $614 to $700, maintaining an Equal-Weight rating.
The significant raise in price target suggests a bullish view on Costco, despite the Equal-Weight rating, potentially leading to positive short-term price action.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
UBS raised General Electric's price target from $138 to $191, maintaining a Buy rating.
The substantial increase in price target and maintained Buy rating indicate strong confidence in General Electric's outlook, suggesting positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Oppenheimer increased Netflix's price target from $615 to $725, maintaining an Outperform rating.
The raised price target and continued Outperform rating suggest a strong bullish sentiment towards Netflix, indicating potential for upward price movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
STAAR Surgical's price target was raised from $30 to $50 by Stifel, upgrading the stock from Hold to Buy.
The upgrade by Stifel and significant increase in price target suggest a strong bullish outlook for STAAR Surgical, likely leading to positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo increased Constellation Brands' price target from $285 to $295, maintaining an Overweight rating.
The increase in price target and maintained Overweight rating indicate optimism towards Constellation Brands, suggesting a positive short-term price trajectory.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Telsey Advisory Group increased Williams-Sonoma's price target from $215 to $265, maintaining an Outperform rating.
The raised price target and maintained Outperform rating indicate a strong positive sentiment towards Williams-Sonoma, suggesting upward price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85