Nvidia To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Starbucks, Kroger, Micron Technology, Fusion Pharmaceuticals, Truist Financial, NIKE, 3M Company, Accenture, NVIDIA, and Exxon Mobil. The changes include both upgrades and downgrades, with adjustments to price targets reflecting analysts' latest views on these stocks.
March 19, 2024 | 12:34 pm
News sentiment analysis
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NEUTRAL IMPACT
Leerink Partners raised Fusion Pharmaceuticals' price target from $17 to $21 but downgraded the stock to Market Perform.
The increase in price target is positive, but the downgrade suggests a more cautious outlook on the stock's immediate prospects.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Wedbush cut NIKE's price target from $131 to $115 but maintained an Outperform rating.
The decrease in price target suggests a tempered outlook, but the Outperform rating indicates continued belief in NIKE's growth potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
JP Morgan cut Starbucks' price target from $107 to $100 but maintained an Overweight rating.
The reduction in price target suggests a more conservative outlook, but the maintained Overweight rating indicates continued confidence in the company's fundamentals.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Redburn Atlantic boosted Accenture's price target from $410 to $445 and maintained a Buy rating.
The increase in price target reflects a positive outlook on Accenture's future performance, suggesting potential upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Guggenheim raised Kroger's price target from $60 to $61 and maintained a Buy rating.
The increase in price target reflects a positive outlook on Kroger's performance, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Barclays raised 3M's price target from $111 to $126 and upgraded the stock to Overweight.
The upgrade and increased price target suggest a bullish outlook, potentially leading to positive short-term price movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Baird increased Micron Technology's price target from $78 to $115 but maintained a Neutral rating.
The significant increase in price target suggests a positive view on Micron's potential, despite the Neutral rating indicating caution.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo raised NVIDIA's price target from $840 to $970 and maintained an Overweight rating.
The substantial increase in NVIDIA's price target, along with the Overweight rating, indicates a very bullish outlook, likely leading to significant short-term positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Stephens & Co. raised Truist Financial's price target from $41 to $43 and upgraded the stock to Overweight.
The upgrade and increased price target indicate a strong positive outlook, suggesting potential short-term gains for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Mizuho raised Exxon Mobil's price target from $119 to $125 but maintained a Neutral rating.
The increase in price target suggests a positive view on Exxon Mobil's potential, despite the Neutral rating indicating a cautious stance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90