Netflix To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Netflix, International Paper, Best Buy, NVIDIA, Hilton Worldwide, Cisco Systems, Tencent Music Entertainment, Core & Main, Chevron, and JPMorgan Chase. These updates reflect analysts' optimism or maintained confidence in these companies' stock performance, with most companies seeing an increase in their price targets.
March 20, 2024 | 12:33 pm
News sentiment analysis
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NEUTRAL IMPACT
Piper Sandler raised Cisco's price target from $47 to $51, maintaining a Neutral rating. Shares fell 0.3% to close at $49.14.
Cisco's price target increase by Piper Sandler, despite a Neutral rating and a slight share price drop, suggests a cautious optimism.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group upgraded Best Buy to Outperform, raising the price target from $85 to $95. Shares rose 1.4% to close at $78.23.
Best Buy's upgrade and price target increase by Telsey Advisory Group suggest a positive market sentiment, likely boosting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Loop Capital raised Core & Main's price target from $58 to $64, maintaining a Buy rating. Shares gained 7.5% to close at $54.49.
Core & Main's price target increase by Loop Capital indicates a bullish outlook, likely driving its stock price up.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Mizuho raised Chevron's price target from $195 to $200, maintaining a Buy rating. Shares gained 0.8% to close at $156.62.
Chevron's price target increase by Mizuho reflects a positive outlook, likely influencing its stock price positively in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
BMO Capital raised Hilton Worldwide's price target from $203 to $215, maintaining a Market Perform rating. Shares rose 0.8% to close at $208.12.
The price target increase for Hilton Worldwide by BMO Capital, despite a Market Perform rating, suggests moderate optimism, potentially impacting its stock price positively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded International Paper from Neutral to Buy, raising the price target from $36 to $46. Shares jumped 11% to close at $38.77.
The upgrade and price target increase for International Paper by Citigroup indicate a strong positive outlook, contributing to a significant stock price jump.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo raised JPMorgan's price target from $200 to $220, maintaining an Overweight rating. Shares rose 0.6% to close at $193.79.
The price target increase for JPMorgan by Wells Fargo suggests strong confidence in its financial performance, likely to positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Keybanc raised Netflix's price target from $580 to $705, maintaining an Overweight rating. Shares gained 0.4% to close at $620.74.
The significant increase in Netflix's price target by Keybanc suggests a strong bullish outlook, likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Citigroup raised NVIDIA's price target from $820 to $1,030, maintaining a Buy rating. Shares gained 1.1% to close at $893.98.
NVIDIA's significant price target increase by Citigroup reflects a strong bullish sentiment, likely to positively influence its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Benchmark raised Tencent Music's price target from $9 to $14, maintaining a Buy rating. Shares gained 6.4% to close at $11.04.
The price target increase for Tencent Music by Benchmark suggests strong confidence in its growth, likely contributing to the stock's positive performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85