Tesla To $123? 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 Tesla, United Airlines, and BJ's Wholesale Club. Notable changes include a downgrade for Tesla from Deutsche Bank with a new price target of $123, and Morgan Stanley raising the price target for United Airlines to $80. Other companies mentioned with updated analyst forecasts include Cinemark, U.S. Bancorp, Knight-Swift Transportation, Crown Castle, Barnes Group, Cadence Design Systems, and Vertex Pharmaceuticals.
April 18, 2024 | 12:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Loop Capital downgraded BJ's Wholesale Club from Buy to Hold and reduced the price target from $85 to $80.
The downgrade and price target reduction could negatively impact investor sentiment towards BJ's Wholesale Club, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank downgraded Tesla's stock from Buy to Hold and slashed the price target from $189 to $123.
The downgrade and significant reduction in price target by a major bank could lead to negative investor sentiment and a potential short-term decline in Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Keefe, Bruyette & Woods downgraded U.S. Bancorp from Outperform to Market Perform and cut the price target from $52 to $45.
The downgrade and price target cut could lead to negative sentiment among investors, potentially causing a short-term decline in U.S. Bancorp's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Wedbush raised Cinemark's price target from $20 to $23, maintaining an Outperform rating.
The raised price target by Wedbush indicates a bullish outlook for Cinemark, which could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley raised the price target for United Airlines from $75 to $80, maintaining an Overweight rating.
The increase in price target by Morgan Stanley suggests a positive outlook for United Airlines, potentially leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100