Alphabet To Rally Around 14%? 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 Alphabet, Occidental Petroleum, and Meta Platforms, among others. These changes reflect analysts' latest views on these companies, potentially influencing their stock prices in the short term.
April 22, 2024 | 12:32 pm
News sentiment analysis
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POSITIVE IMPACT
Keybanc increased Alphabet's price target from $165 to $175, maintaining an Overweight rating.
Keybanc's raised price target suggests confidence in Alphabet's growth prospects, potentially leading to positive investor sentiment and a short-term stock price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Chardan Capital raised Ocugen's price target from $4 to $5, maintaining a Buy rating.
The increase in Ocugen's price target by Chardan Capital indicates a positive outlook, which could lead to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Susquehanna raised Occidental Petroleum's price target from $70 to $81, maintaining a Positive rating.
The increase in price target by Susquehanna reflects a positive outlook on Occidental Petroleum, likely leading to a short-term bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Canaccord Genuity lowered Five9's price target from $90 to $75 but maintained a Buy rating.
The reduction in Five9's price target, despite a maintained Buy rating, suggests a cautious but still positive outlook, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Keybanc reduced Meta Platforms' price target from $575 to $555, but maintained an Overweight rating.
The slight reduction in Meta Platforms' price target may not significantly impact investor sentiment due to the maintained Overweight rating, suggesting a neutral short-term effect.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80