Tesla To $165? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for UiPath, FTC Solar, SentinelOne, Maplebear, Williams-Sonoma, The Beauty Health Company, Dollar Tree, Summit Materials, Tesla, and Ashland. These adjustments reflect the analysts' latest views on these stocks, with some experiencing price target increases, others decreases, and various rating changes.
March 14, 2024 | 12:33 pm
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright & Co. lowered FTC Solar's price target from $2.5 to $1.5 but maintained a Buy rating.
Despite maintaining a Buy rating, the significant reduction in price target could negatively impact investor sentiment and FTC Solar's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
UBS cut Tesla's price target from $225 to $165, maintaining a Neutral rating.
The significant reduction in Tesla's price target by UBS could negatively impact investor sentiment and Tesla's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Truist Securities slightly reduced Dollar Tree's price target from $149 to $147, maintaining a Buy rating.
The minor adjustment in Dollar Tree's price target is unlikely to have a significant impact on its stock price in the short term, given the continued Buy rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Jefferies upgraded Ashland's rating to Buy and raised the price target from $100 to $126.
Jefferies' upgrade and price target increase for Ashland indicate a strong positive outlook, likely leading to short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bernstein upgraded Maplebear's rating to Outperform and raised the price target from $30 to $43.
Bernstein's upgrade and price target increase for Maplebear suggest strong confidence in the company's prospects, likely leading to positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised UiPath's price target from $26 to $30, maintaining a Buy rating.
The increase in price target by B of A Securities suggests a positive outlook on UiPath, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Loop Capital raised SentinelOne's price target from $28 to $30, maintaining a Buy rating.
The increase in SentinelOne's price target by Loop Capital indicates a positive outlook, which could lead to short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Canaccord Genuity increased The Beauty Health Company's price target from $3 to $4, maintaining a Hold rating.
The price target increase for The Beauty Health Company, even with a Hold rating, suggests a slightly more positive outlook that could impact its stock price positively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Goldman Sachs raised Summit Materials' price target from $43 to $49, maintaining a Neutral rating.
The increase in Summit Materials' price target, despite a Neutral rating, indicates a positive adjustment to its valuation, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Baird raised Williams-Sonoma's price target from $200 to $300, maintaining a Neutral rating.
The substantial increase in Williams-Sonoma's price target, despite a Neutral rating, could positively influence its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90