Wayfair To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their forecasts for several US-listed companies, impacting their stock price targets and ratings. Notable changes include upgrades for Avis Budget Group, Wayfair Inc., Synchrony Financial, Levi Strauss & Co., Dave & Buster's Entertainment, and Signet Jewelers Limited, while downgrades were issued for Chubb Limited, Cable One, Inc., Asensus Surgical, Inc., and Block, Inc.
April 04, 2024 | 11:40 am
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright & Co. drastically cut Asensus Surgical, Inc.'s price target from $2 to $0.35 and downgraded the stock from Buy to Neutral.
The significant cut in price target and downgrade for Asensus Surgical by HC Wainwright & Co. could severely impact investor confidence, likely leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
HSBC downgraded Chubb Limited from Buy to Hold and slashed the price target from $275 to $270.
The downgrade and reduced price target for Chubb Limited by HSBC could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Morgan Stanley downgraded Block, Inc. from Equal-Weight to Underweight and cut the price target from $62 to $60.
The downgrade and lower price target for Block, Inc. by Morgan Stanley suggest a bearish outlook, which could negatively affect the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Keybanc cut Cable One, Inc.'s price target from $900 to $881 but maintained an Overweight rating.
The slight reduction in Cable One's price target by Keybanc, despite maintaining an Overweight rating, suggests a cautious but still optimistic outlook.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Piper Sandler raised Dave & Buster's Entertainment's price target from $50 to $71 but downgraded the stock from Overweight to Neutral.
The increase in price target for Dave & Buster's suggests a positive view on the company's value, but the downgrade to Neutral indicates uncertainty about its short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Goldman Sachs upgraded Avis Budget Group from Sell to Neutral and raised the price target from $118 to $130.
The upgrade by Goldman Sachs, a major financial institution, could lead to increased investor confidence in Avis Budget Group, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised the price target for Levi Strauss & Co. from $22 to $24 and maintained an Outperform rating.
The increase in price target and continued Outperform rating for Levi Strauss by Telsey Advisory Group could positively influence the stock's performance in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group increased Signet Jewelers Limited's price target from $100 to $110 and maintained a Market Perform rating.
The raised price target for Signet Jewelers by Telsey Advisory Group indicates a positive valuation, which could lead to stock price appreciation, despite the Market Perform rating.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wolfe Research upgraded Synchrony Financial from Underperform to Outperform and raised the price target from $36 to $50.
The upgrade and significant price target increase for Synchrony Financial by Wolfe Research could lead to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Evercore ISI Group upgraded Wayfair Inc. from In-Line to Outperform and increased the price target from $65 to $80.
The upgrade to Outperform and the increase in price target by Evercore ISI Group suggest a bullish outlook for Wayfair, which could attract more investors and push the stock price higher.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90