Rivian Automotive To Rally More Than 96%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Costco, Berry Global Group, Rivian Automotive, Smartsheet, Adobe, Dollar General, EverCommerce, Phillips 66, Ulta Beauty, and Cardlytics. These changes reflect the analysts' latest views on these stocks, with adjustments made to price targets and, in some cases, ratings upgrades or downgrades.
March 15, 2024 | 11:54 am
News sentiment analysis
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NEGATIVE IMPACT
Berry Global Group's price target was cut from $72 to $62 by RBC Capital, downgrading the stock to Sector Perform.
The downgrade and price target cut by RBC Capital indicate a less optimistic view on Berry Global, likely leading to a short-term negative impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
EverCommerce's price target was cut from $11 to $10 by JP Morgan, downgrading the stock to Underweight.
The downgrade and price target cut for EverCommerce by JP Morgan indicate a bearish outlook, likely leading to a short-term negative impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Adobe's price target was slightly cut from $705 to $700 by Piper Sandler, maintaining an Overweight rating.
The minor adjustment in Adobe's price target with a maintained Overweight rating indicates a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Phillips 66's price target was increased from $150 to $180 by B of A Securities, maintaining a Neutral rating.
The price target increase for Phillips 66, despite a Neutral rating, suggests a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Smartsheet's price target was reduced from $53 to $51 by Keybanc, maintaining an Overweight rating.
The slight price target reduction by Keybanc, while maintaining an Overweight rating, suggests a neutral short-term impact on Smartsheet's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cardlytics' price target was raised from $12 to $15 by Needham, maintaining a Buy rating.
The price target increase for Cardlytics by Needham suggests a positive outlook, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Costco's price target was raised from $745 to $870 by Tigress Financial, maintaining a Buy rating.
The increase in price target by Tigress Financial suggests a positive outlook on Costco, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Dollar General's price target was raised from $155 to $170 by Telsey Advisory Group, upgrading the stock to Outperform.
The upgrade and price target increase for Dollar General suggest a positive outlook, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Rivian Automotive's price target was raised from $15 to $21 by Piper Sandler, upgrading the stock to Overweight.
The upgrade and price target increase for Rivian Automotive by Piper Sandler suggest a bullish outlook, potentially driving a short-term price increase.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Ulta Beauty's price target was raised from $583 to $612 by Barclays, maintaining an Overweight rating.
The price target increase for Ulta Beauty by Barclays suggests a positive outlook, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90