Robinhood To Rally Around 51%? 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 Western Digital, Netflix, GE Aero, Nasdaq, Inc., Charter Communications, Tesla, Carlisle Companies, Robinhood Markets, Chipotle Mexican Grill, and Cisco Systems. The changes include both upgrades and downgrades, with adjustments to price targets reflecting analysts' latest views on these stocks.
April 09, 2024 | 12:39 pm
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities cut Charter Communications' price target from $350 to $315, maintaining a Neutral rating.
The reduction in Charter Communications' price target by B of A Securities could lead to negative sentiment, potentially impacting its short-term price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Goldman Sachs lowered Tesla's price target from $190 to $175, with a Neutral rating.
The decrease in Tesla's price target by Goldman Sachs could reflect concerns or caution, potentially affecting its short-term price negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Deutsche Bank increased Cisco Systems' price target from $51 to $52, with a Hold rating.
The minor adjustment in Cisco Systems' price target by Deutsche Bank suggests a neutral outlook, likely having a limited short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Chipotle Mexican Grill's price target from $2,750 to $3,250, maintaining an Overweight rating.
The significant price target increase for Chipotle by Keybanc reflects a strong bullish stance, likely influencing a short-term price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird increased Carlisle Companies' price target from $400 to $435, maintaining an Outperform rating.
The raised price target for Carlisle Companies by Baird indicates a positive outlook, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TD Cowen upgraded GE Aero to Buy from Hold, raising the price target from $175 to $180.
The upgrade and price target increase for GE Aero by TD Cowen could drive positive investor sentiment and a short-term price increase.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JMP Securities raised Robinhood Markets' price target from $25 to $28, with a Market Outperform rating.
The increase in Robinhood Markets' price target by JMP Securities suggests optimism, potentially leading to a short-term price rally.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley upgraded Nasdaq, Inc. to Overweight from Equal-Weight, raising the price target from $59 to $80.
The upgrade and significant price target increase for Nasdaq, Inc. by Morgan Stanley suggest a strong bullish outlook, likely boosting short-term price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Barclays increased Netflix's price target from $475 to $550, with an Equal-Weight rating.
The raised price target for Netflix by Barclays indicates a positive adjustment in valuation, which could lead to short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Mizuho raised Western Digital's price target from $66 to $80, maintaining a Buy rating.
The increase in price target by Mizuho suggests a positive outlook for Western Digital, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90