Super Micro Computer To Rally Around 70%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Honeywell International, Crown Holdings, D.R. Horton, CAVA Group, Netflix, Charles Schwab, Tyson Foods, Goldman Sachs, American International Group, and Super Micro Computer. These adjustments reflect analysts' latest expectations on these companies' future performance.
April 16, 2024 | 12:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Deutsche Bank downgraded Honeywell from Buy to Hold, reducing the price target from $227 to $215. Shares fell 1.1% to close at $194.04.
The downgrade and price target cut by Deutsche Bank likely contribute to a negative short-term sentiment, as reflected in the stock's recent decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
BTIG maintained a Buy rating on D.R. Horton but cut the price target from $174 to $169. Shares fell 1.7% to close at $149.07.
The slight price target reduction by BTIG, while maintaining a Buy rating, presents a mixed signal, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup raised American International Group's price target from $79 to $87, maintaining a Buy rating. Shares fell 0.9% to close at $73.05.
Despite the recent share price decline, Citigroup's increased price target and Buy rating signal a positive outlook, suggesting potential for short-term recovery.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wedbush raised CAVA Group's price target from $65 to $74, maintaining an Outperform rating. Shares fell 3.1% to close at $61.75.
The positive adjustment in price target by Wedbush indicates a bullish outlook, which could lead to a short-term rebound despite the recent drop.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Baird upgraded Crown Holdings to Outperform and raised the price target from $85 to $90. Shares fell 1.4% to close at $76.20.
Despite the recent share price drop, Baird's upgrade and higher price target suggest a positive outlook, potentially leading to a short-term recovery.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Goldman Sachs' price target from $450 to $478, maintaining a Buy rating. Shares gained 2.9% to close at $400.88.
The price target increase and sustained Buy rating from B of A Securities suggest strong confidence in Goldman Sachs, likely leading to further short-term appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Guggenheim increased Netflix's price target from $600 to $700, maintaining a Buy rating. Shares fell 2.5% to close at $607.15.
The significant price target hike by Guggenheim suggests strong confidence in Netflix's future performance, potentially leading to positive short-term momentum.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised Charles Schwab's price target from $86 to $89, maintaining an Overweight rating. Shares rose 1.7% to close at $71.23.
The price target increase and continued Overweight rating by JP Morgan are likely to contribute to continued positive sentiment and short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Loop Capital dramatically raised Super Micro Computer's price target from $600 to $1,500, maintaining a Buy rating. Shares fell 1.8% to close at $882.75.
The extraordinary price target increase by Loop Capital indicates a very bullish outlook for Super Micro Computer, suggesting strong potential for short-term growth despite the recent dip.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Barclays upgraded Tyson Foods to Overweight and raised the price target from $53 to $69. Shares rose 0.6% to close at $58.12.
The upgrade and price target increase by Barclays indicate a bullish stance on Tyson Foods, supporting a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85