Cisco To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Centene Corporation, Veru Inc., JPMorgan Chase & Co., Notable Labs, Ltd., Charter Communications, Inc., PVH Corp., Cisco Systems, Inc., Masimo Corporation, Cadence Design Systems, Inc., and Lockheed Martin Corporation. These updates include both upgrades and downgrades, with specific changes to price targets and stock ratings.
April 15, 2024 | 12:39 pm
News sentiment analysis
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POSITIVE IMPACT
Keybanc raised Cadence Design Systems' price target from $335 to $340, maintaining an Overweight rating. Shares fell 1.4% to $305.85.
The slight price target increase with an Overweight rating suggests continued confidence in CDNS, potentially leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo raised Centene's price target from $89 to $93, maintaining an Overweight rating. Shares fell 1.3% to close at $70.73.
The price target increase by Wells Fargo suggests a positive outlook on CNC, potentially leading to a short-term price increase despite the recent dip.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Cisco's price target from $55 to $60 and upgraded the stock to Buy. Shares fell 2.1% to $48.49.
The upgrade and price target hike for Cisco suggest a bullish outlook, likely leading to short-term stock price gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Oppenheimer slightly lowered JPMorgan's price target from $219 to $217, maintaining an Outperform rating. Shares fell 6.5% to $182.79.
The minor adjustment in price target with an Outperform rating suggests a continued positive outlook, potentially leading to short-term recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised Lockheed Martin's price target from $475 to $518 and upgraded the stock to Overweight. Shares fell 0.4% to $450.40.
The upgrade and significant price target increase for Lockheed Martin indicate a strong bullish outlook, suggesting potential for short-term appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Stifel increased Masimo's price target from $148 to $170 and upgraded the stock to Buy. Shares fell 3.4% to $137.92.
The significant price target increase and upgrade to Buy signal a strong positive sentiment, suggesting a bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Chardan Capital reduced Notable Labs' price target from $9 to $7, maintaining a Buy rating. Shares fell 4.1% to $1.16.
The price target cut but maintained Buy rating indicates a positive long-term view, suggesting potential short-term price recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wedbush increased PVH Corp.'s price target from $113 to $128 and upgraded the stock to Outperform. Shares fell 2.6% to $105.59.
The upgrade and price target increase by Wedbush indicate a strong positive outlook, suggesting potential for short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Rosenblatt decreased Charter Communications' price target from $334 to $297, maintaining a Neutral rating. Shares fell 2.3% to $260.50.
The price target reduction with a Neutral rating suggests a cautious outlook, likely leading to a stable short-term stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Oppenheimer reduced Veru's price target from $7 to $5 but reiterated an Outperform rating. Shares dropped 15.1% to $1.52.
Despite the Outperform rating, the significant price target cut and recent sharp decline in stock price indicate potential short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90