Tesla To $120? 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 notable adjustments for Worthington Steel, PVH Corp, Seagate Technology, Stoke Therapeutics, Axsome Therapeutics, Microsoft, Tesla, The Gap, Chipotle Mexican Grill, and argenx SE. These changes reflect the analysts' latest views on these companies' future prospects.
March 26, 2024 | 12:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Bernstein cut Tesla's price target from $150 to $120, maintaining an Underperform rating.
The reduction in Tesla's price target by Bernstein suggests a negative outlook, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Scotiabank raised argenx SE's price target from $402 to $408, maintaining a Sector Perform rating.
The slight increase in argenx SE's price target by Scotiabank suggests a neutral outlook, with limited short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. increased Axsome Therapeutics' price target from $180 to $190, maintaining a Buy rating.
The raised price target for Axsome Therapeutics suggests a strong positive sentiment, potentially leading to a short-term upward price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bernstein increased Chipotle Mexican Grill's price target from $2,800 to $3,200, maintaining an Outperform rating.
The significant price target increase for Chipotle Mexican Grill by Bernstein indicates a very bullish outlook, likely to positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo raised The Gap's price target from $25 to $32, maintaining an Overweight rating.
The increase in The Gap's price target by Wells Fargo suggests a positive sentiment, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wedbush increased Microsoft's price target from $475 to $500, maintaining an Outperform rating.
The price target increase for Microsoft by Wedbush indicates a bullish outlook, likely contributing to positive short-term price momentum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group increased PVH Corp's price target from $122 to $155, maintaining an Outperform rating.
The raised price target for PVH Corp indicates a strong positive sentiment from Telsey Advisory Group, likely contributing to upward price momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised Stoke Therapeutics' price target from $14 to $22, maintaining a Buy rating.
The increase in Stoke Therapeutics' price target by Needham indicates a positive outlook, which could lead to a short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley upgraded Seagate Technology to Overweight from Equal-Weight and raised the price target from $73 to $115.
The upgrade and significant price target increase for Seagate Technology by Morgan Stanley suggest a bullish outlook, likely to positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Worthington Steel's price target from $31 to $39, maintaining an Overweight rating.
The increase in price target by Keybanc suggests a positive outlook on Worthington Steel, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90