Robinhood To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Robinhood, Carnival Corporation, Citigroup, Goldman Sachs, Estée Lauder, KB Home, DraftKings, RH, Vornado Realty Trust, and Braze. These changes reflect analysts' latest views on these stocks, with most companies seeing an increase in their price targets.
March 28, 2024 | 12:26 pm
News sentiment analysis
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POSITIVE IMPACT
Canaccord Genuity cut Braze's price target from $70 to $65, maintaining a Buy rating. Shares gained 2.4% to close at $50.58.
Despite the price target cut, the maintained Buy rating for Braze indicates continued positive sentiment from Canaccord Genuity, potentially leading to short-term investor optimism.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
HSBC increased Citigroup's price target from $61 to $70, maintaining a Buy rating. Shares rose 1.8% to close at $62.75.
HSBC's price target increase and Buy rating for Citigroup suggest a bullish outlook, likely leading to positive investor sentiment and a short-term uptick in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Macquarie increased Carnival's price target from $22 to $24, maintaining an Outperform rating. Shares gained 0.9% to close at $17.19.
The raised price target and Outperform rating by Macquarie indicate a positive outlook for Carnival, potentially leading to increased investor confidence and a short-term price rise.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
MoffettNathanson raised DraftKings' price target from $52 to $55, maintaining a Buy rating. Shares fell 6.8% to close at $45.35.
Despite the recent share price drop, the increased price target and Buy rating for DraftKings indicate a positive long-term outlook, which could lead to a short-term recovery.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Estée Lauder's price target from $160 to $170, upgrading the stock from Neutral to Buy. Shares gained 4.1% to close at $145.04.
The upgrade and price target increase for Estée Lauder by B of A Securities suggest a significant positive reassessment, likely leading to strong short-term buying interest.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
HSBC boosted Goldman Sachs' price target from $432 to $460, maintaining a Buy rating. Shares rose 2.2% to close at $415.25.
The increase in Goldman Sachs' price target by HSBC, along with a Buy rating, indicates a strong positive outlook, likely driving short-term investor optimism and stock price growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Robinhood's price target from $15 to $22, maintaining an Overweight rating. Shares gained 3.8% to close at $20.01.
The increase in price target by Keybanc, coupled with the Overweight rating, suggests a positive outlook for Robinhood, likely leading to a short-term bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keefe, Bruyette & Woods increased KB Home's price target from $67 to $77, maintaining a Market Perform rating. Shares gained 2% to close at $69.56.
The price target increase for KB Home, despite the Market Perform rating, suggests a positive adjustment in valuation, potentially leading to short-term investor interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group increased RH's price target from $285 to $335, maintaining a Market Perform rating. Shares gained 3.7% to close at $296.99.
The price target increase for RH, even with a Market Perform rating, suggests a positive valuation adjustment, potentially leading to short-term investor interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised Vornado Realty Trust's price target from $24 to $26, upgrading the stock from Underweight to Equal-Weight. Shares rose 4% to close at $27.48.
The upgrade and price target increase for Vornado Realty Trust by Morgan Stanley suggest a neutral but improved outlook, likely stabilizing the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90