Netflix To Rally Around 31%? 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 notable changes for Sunnova Energy, D.R. Horton, Dell Technologies, Netflix, Block, Red Rock Resorts, Shopify, Tractor Supply Company, Alaska Air Group, and Ulta Beauty. These adjustments reflect analysts' latest views on these companies' stock performance potential.
April 19, 2024 | 1:11 pm
News sentiment analysis
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NEGATIVE IMPACT
Wells Fargo cut Sunnova's price target from $11 to $6 and downgraded the stock, leading to a 3.6% drop in shares.
The downgrade and significant price target cut by Wells Fargo likely indicate concerns about Sunnova's future performance, leading to negative investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Jefferies cut Ulta Beauty's price target from $585 to $438 and downgraded the stock, with a minor share increase.
The significant price target cut and downgrade by Jefferies likely reflect concerns about Ulta Beauty's valuation or growth outlook, which could dampen investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Alaska Air's target from $50 to $56 with a Buy rating, as shares rose 4%.
The price target increase and Buy rating for Alaska Air Group suggest optimism about the airline's recovery and growth prospects, potentially leading to further stock gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
UBS increased Dell's price target from $113 to $141 with a Buy rating, despite a 1% drop in shares.
The significant price target increase by UBS indicates a strong positive outlook for Dell, which could lead to recovery and gains despite the short-term share price drop.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
UBS raised D.R. Horton's price target from $192 to $200, maintaining a Buy rating, with shares slightly up.
The increased price target and maintained Buy rating by UBS suggest a positive outlook for D.R. Horton, potentially leading to increased investor confidence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Pivotal Research raised Netflix's price target from $765 to $800, maintaining a Buy rating, with a slight share decrease.
The price target increase for Netflix suggests strong confidence in its growth prospects, which could lead to upward momentum in its stock price despite the current slight decrease.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JMP Securities raised Red Rock Resorts' target from $61 to $66, maintaining a Market Outperform rating, with shares down 1.4%.
The price target increase for Red Rock Resorts reflects a positive analyst outlook, which could attract investor interest and support stock recovery.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley upgraded Shopify from Equal-Weight to Overweight and raised the target from $74 to $85, with a slight share increase.
The upgrade and price target increase by Morgan Stanley signal strong confidence in Shopify's future performance, likely leading to positive investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird raised Block's price target from $95 to $98 with an Outperform rating, following a 2% drop in shares.
The price target increase and continued Outperform rating indicate Baird's positive outlook on Block, suggesting potential for recovery and growth.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Telsey Advisory Group raised Tractor Supply's target from $250 to $275, maintaining an Outperform rating, with shares nearly flat.
The increased price target and continued Outperform rating for Tractor Supply indicate a positive market outlook, which could lead to stock appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85