Tesla To $180? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Tesla, Starbucks, CarMax, Phillips 66, Netflix, V.F. Corporation, Fastenal Company, Target Hospitality Corp., ASML Holding, and Enlivex Therapeutics. The adjustments reflect a mix of downgrades and upgrades, with notable changes such as Tesla's price target cut from $196 to $180 by Citigroup, and Netflix's price target raised from $600 to $700 by Morgan Stanley.
April 12, 2024 | 1:07 pm
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POSITIVE IMPACT
Bernstein lowered ASML's price target from $1,072 to $1,052 but maintained an Outperform rating. ASML shares rose 1.8%.
Despite the slight price target cut, the stock's positive movement and the maintained Outperform rating suggest a bullish short-term outlook, indicating strong investor confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley increased Netflix's price target from $600 to $700, maintaining an Overweight rating. Netflix shares rose 1.7%.
The substantial price target increase and the positive stock movement indicate a strong short-term bullish impact, reflecting confidence in Netflix's growth prospects.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Mizuho lowered Phillips 66's price target from $167 to $162, maintaining a Neutral rating. Shares slightly rose by 0.2%.
The minor price target reduction and the stock's slight increase suggest a neutral to slightly positive short-term impact, indicating the market's overall agreement with the new target.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
Citigroup reduced Starbucks' price target from $102 to $95, maintaining a Neutral rating. Starbucks shares slightly fell by 0.1%.
The minor adjustment in Starbucks' price target and the slight stock movement suggest a limited short-term impact, with the market largely absorbing the news without significant concern.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Citigroup cut Tesla's price target from $196 to $180 but maintained a Neutral rating. Tesla's stock rose 1.7% to close at $174.60.
The price target cut by Citigroup reflects a cautious but not bearish outlook, suggesting a neutral short-term impact. The stock's positive performance despite the cut indicates market resilience or other positive factors at play.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
HC Wainwright & Co. cut Enlivex Therapeutics' price target from $12 to $7 but maintained a Buy rating. Shares plummeted 54%.
The drastic price target reduction and the severe share price drop indicate a highly negative short-term impact, likely due to significant market concerns or disappointing developments.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Baird reduced Fastenal's price target from $77 to $71, maintaining a Neutral rating. Fastenal shares fell 6.5%.
The price target cut and the significant share price drop suggest a negative short-term impact, likely due to investor concerns over the factors driving the target revision.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Needham cut CarMax's price target from $99 to $91 but maintained a Buy rating. CarMax shares dropped 9.2%.
The significant share price drop following the price target cut, despite a maintained Buy rating, indicates a negative short-term impact, likely due to market concerns over the reasons behind the target adjustment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Stifel downgraded Target Hospitality from Buy to Hold, cutting the price target from $13 to $12. Shares fell 0.5%.
The downgrade and modest price target cut indicate a cautious outlook, with the slight stock decline suggesting a mild negative short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Exane BNP Paribas downgraded V.F. Corporation from Outperform to Neutral, lowering the price target from $18 to $14. Shares fell 2.7%.
The downgrade and significant price target cut reflect a negative outlook, with the stock's decline indicating market agreement and a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85