Netflix To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Phillips 66, Conagra Brands, The Scotts Miracle-Gro Company, Western Digital Corporation, UnitedHealth Group, Texas Roadhouse, Netflix, Eaton Corporation, Roku, and Ollie's Bargain Outlet Holdings. These changes reflect analysts' latest views on these stocks, with adjustments made for factors such as company performance and market conditions.
April 05, 2024 | 12:28 pm
News sentiment analysis
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NEGATIVE IMPACT
RBC Capital raised Eaton Corporation's price target from $286 to $37, upgrading the stock to Outperform.
The apparent error in the price target adjustment for Eaton Corporation (from $286 to $37) suggests a potential typo or mistake, leading to confusion and a likely negative short-term impact due to investor uncertainty.
CONFIDENCE 20
IMPORTANCE 10
RELEVANCE 20
NEGATIVE IMPACT
Morgan Stanley cut Roku's price target from $65 to $60, maintaining an Underweight rating.
The decrease in Roku's price target and the continuation of an Underweight rating by Morgan Stanley indicate a bearish outlook, likely leading to a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Morgan Stanley cut UnitedHealth Group's price target from $618 to $584, maintaining an Overweight rating.
The reduction in price target for UnitedHealth Group, despite maintaining an Overweight rating, suggests a cautious outlook that might lead to mixed reactions among investors, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup increased the price target for Conagra Brands from $30 to $32, maintaining a Neutral rating.
The price target increase for Conagra Brands indicates a modestly positive view from Citigroup, which could lead to slight investor optimism and a potential uptick in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Pivotal Research raised Netflix's price target from $700 to $765, maintaining a Buy rating.
The substantial increase in Netflix's price target by Pivotal Research reflects a very bullish stance, likely to attract investor attention and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Loop Capital increased Ollie's Bargain Outlet's price target from $80 to $90, upgrading the stock to Buy.
The upgrade to Buy and the increase in price target for Ollie's Bargain Outlet by Loop Capital suggest a positive outlook, likely leading to increased investor interest and a rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler raised the price target for Phillips 66 from $169 to $187, maintaining an Overweight rating.
The increase in price target by Piper Sandler suggests a positive outlook on Phillips 66, potentially leading to increased investor confidence and a short-term price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised The Scotts Miracle-Gro Company price target from $70 to $85, maintaining an Overweight rating.
The raised price target by JP Morgan suggests a strong positive sentiment towards The Scotts Miracle-Gro Company, likely leading to increased investor interest and a rise in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Wedbush boosted Texas Roadhouse's price target from $160 to $170, maintaining an Outperform rating.
The increase in price target for Texas Roadhouse by Wedbush suggests optimism about the company's prospects, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Rosenblatt raised the price target for Western Digital Corporation from $65 to $115 and upgraded the stock to Buy.
The significant price target increase and upgrade to Buy for Western Digital Corporation by Rosenblatt indicate a strong bullish outlook, which could significantly boost the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95