Tesla To $180? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts updated their price targets and ratings for several US-listed companies, including Amazon, Spotify, General Motors, Pinterest, MercadoLibre, Danaher, MSCI, CoStar Group, Tesla, and The Children's Place. The changes reflect various factors including company performance and market conditions.
April 24, 2024 | 11:44 am
News sentiment analysis
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NEGATIVE IMPACT
Deutsche Bank slashed MSCI's price target from $613 to $569, upgrading the stock from Hold to Buy. Shares fell 13.4%.
Despite the upgrade to Buy, the significant price target cut and the sharp decline in MSCI's shares indicate negative market reaction.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
B. Riley Securities cut The Children's Place's price target from $12 to $7, upgrading the stock from Sell to Neutral. Shares fell 5%.
The price target cut and the stock downgrade for The Children's Place by B. Riley Securities indicate a negative outlook, aligning with the stock's decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Needham raised CoStar Group's price target from $90 to $107, maintaining a Buy rating. Shares fell 0.8%.
The price target increase for CoStar Group by Needham suggests a positive outlook, but the slight share price decline indicates mixed market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Wedbush slashed MercadoLibre's price target from $2,000 to $1,800, maintaining an Outperform rating. Shares rose 2%.
The reduction in MercadoLibre's price target by Wedbush suggests caution, yet the stock's rise indicates investor optimism or other positive factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Keybanc cut Pinterest's price target from $48 to $40, maintaining an Overweight rating. Shares rose 0.9%.
Despite the price target cut, Pinterest's stock slightly rose, indicating mixed market reactions to the analyst's revised outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mizuho lowered Tesla's price target from $195 to $180, maintaining a Neutral rating. Shares rose 1.9%.
The price target reduction for Tesla by Mizuho reflects a cautious outlook, yet the stock's rise suggests investor confidence or other positive news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wedbush raised Amazon's price target from $220 to $225, maintaining an Outperform rating. Shares rose 1.3% to close at $179.54.
The price target increase by Wedbush reflects a positive outlook on Amazon, likely contributing to the stock's short-term upward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird increased Danaher's price target from $259 to $271, maintaining an Outperform rating. Shares gained 7.2%.
The price target increase for Danaher by Baird reflects a strong positive sentiment, contributing to the stock's significant gain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Mizuho raised General Motors' price target from $48 to $52, maintaining a Buy rating. Shares gained 4.4%.
Mizuho's price target increase reflects a bullish outlook on General Motors, likely influencing the stock's positive performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Benchmark increased Spotify's price target from $325 to $375, maintaining a Buy rating. Shares climbed 11.4%.
The significant price target increase for Spotify by Benchmark suggests strong confidence in the company's future, driving investor optimism.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90