NVIDIA To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Li Auto, Gulfport Energy, Smartsheet, I-Mab, Micron Technology, Accenture, Darden Restaurants, CoStar Group, Tesla, and NVIDIA. The changes include both upgrades and downgrades, with specific focus on the short-term price targets and stock ratings.
March 18, 2024 | 11:52 am
News sentiment analysis
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NEGATIVE IMPACT
Canaccord Genuity cut Smartsheet's price target from $55 to $45 but maintained a Buy rating. Shares fell 6.9%.
Despite the Buy rating, the significant price target cut and recent share price drop suggest negative sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Stifel increased Accenture's price target from $363 to $395, maintaining a Buy rating. Shares fell 1%.
The price target hike suggests optimism, but the recent share price drop indicates mixed market reactions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Piper Sandler reduced I-Mab's price target from $15 to $10 but maintained an Overweight rating. Shares gained 3.3%.
The price target reduction might be negative, but the Overweight rating and share gain indicate mixed sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
B of A Securities cut Li Auto's price target from $60 to $55 but maintained a Buy rating. Shares gained 2.7% recently.
The price target cut might be seen negatively, but the maintained Buy rating and recent share gain indicate mixed sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Goldman Sachs cut Tesla's price target from $220 to $190, maintaining a Neutral rating. Shares gained 0.7%.
The price target cut might be seen negatively, but the Neutral rating and share gain indicate mixed sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
JMP Securities raised CoStar's price target from $85 to $110, maintaining an Outperform rating. Shares gained 8.3%.
The significant price target increase and share price jump suggest strong positive sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Darden's price target from $193 to $198, maintaining a Buy rating. Shares rose 0.1%.
The price target increase and maintained Buy rating, along with slight share price rise, suggest a positive outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Mizuho raised Gulfport Energy's price target from $148 to $166, maintaining a Neutral rating. Shares rose 1.6%.
The price target increase suggests a positive outlook, supported by the recent share price rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Cantor Fitzgerald raised Micron's price target from $100 to $120, maintaining an Overweight rating. Shares rose 2%.
The price target increase and maintained Overweight rating, along with the share price rise, suggest a positive outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
HSBC raised NVIDIA's price target from $880 to $1,050, maintaining a Buy rating. Shares fell 0.1%.
The significant price target increase and maintained Buy rating suggest a strong positive outlook despite the slight share dip.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90