Apple To $210? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Apple, Boeing, and NIKE, among others. Changes include both upgrades and downgrades, with specific adjustments to price targets. The market reactions to these updates were mixed, with most of the mentioned stocks experiencing a decline in their share prices on Wednesday.
April 11, 2024 | 12:31 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan lowered Apple's price target from $215 to $210 but maintained an Overweight rating. Apple's shares fell 1.1%.
The slight reduction in price target by a major analyst could contribute to short-term negative sentiment, despite the Overweight rating.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
B of A Securities reduced Boeing's price target from $210 to $190 with a Neutral rating. Boeing's shares dropped 2%.
The decrease in Boeing's price target could lead to short-term bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Deutsche Bank raised Delta Air Lines' price target from $50 to $60 with a Buy rating. Shares fell 2.3%.
The positive price target revision suggests confidence in Delta's prospects, yet the stock's drop reflects market challenges.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
JP Morgan increased F5, Inc.'s price target from $197 to $205, maintaining a Neutral rating. F5 shares fell 2.5%.
The price target increase suggests a positive outlook, but the market reaction was negative, likely due to broader market trends.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Mizuho increased STAAR Surgical's price target from $45 to $53 with a Buy rating. Shares fell 2.2%.
Despite the optimistic price target increase, the stock's decline could reflect short-term market volatility.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Wedbush downgraded Walker & Dunlop from Outperform to Neutral, cutting the price target from $130 to $95. Shares fell 4.3%.
The downgrade and significant price target reduction likely contributed to the sharp decline in share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Berenberg upgraded Albemarle to Buy and raised the price target from $130 to $160. Shares fell 1.2%.
The upgrade and price target increase indicate a positive outlook, but the stock's decline may be due to external factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
B of A Securities raised NIKE's price target from $110 to $113 and upgraded the stock to Buy. NIKE's shares declined 2.2%.
Despite the upgrade and increased price target, NIKE's shares fell, possibly due to broader market conditions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
BMO Capital raised Gatos Silver's price target from $8 to $9, maintaining a Market Perform rating. Shares gained 3.4%.
The positive adjustment in price target and the stock's gain suggest a bullish short-term outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Barclays upgraded Atlassian to Overweight and raised the price target from $235 to $275. Shares rose 0.9%.
The upgrade and significant price target increase suggest a strong bullish sentiment for Atlassian's short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85