Netflix To Rally Over 15%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their forecasts for several US-listed companies, including price target adjustments and rating changes. Notable mentions include a price target increase for Netflix by Wedbush and a significant upgrade for Nuvation Bio by Jefferies. Other companies like Prologis, Berry Global, and Wells Fargo saw price target reductions or rating downgrades.
March 27, 2024 | 12:40 pm
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POSITIVE IMPACT
Wedbush raised Netflix's price target from $615 to $725, maintaining an Outperform rating.
The significant price target increase reflects a strong bullish sentiment from Wedbush, likely to positively impact Netflix's stock in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jefferies upgraded Nuvation Bio to Buy from Hold and raised the price target from $1.4 to $10.
The upgrade and substantial price target increase indicate strong confidence from Jefferies, likely leading to a positive short-term impact on Nuvation Bio's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
Barclays cut Prologis's price target from $153 to $141 but maintained an Overweight rating.
The reduction in price target may cause short-term negative sentiment, but the maintenance of an Overweight rating suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Keefe, Bruyette & Woods increased Wells Fargo's price target from $56 to $62 but downgraded the stock to Market Perform.
The price target increase is positive, but the downgrade to Market Perform may temper short-term expectations.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Truist Securities lowered Berry Global's price target from $75 to $68 and downgraded the stock to Hold.
The downgrade and price target cut could lead to negative investor sentiment and a potential short-term price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85