Meta Platforms To Rally Around 14%? 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 Meta Platforms, SLM Corporation, Humana Inc., Helen of Troy Limited, Biogen Inc., Lam Research Corporation, Texas Instruments, Chipotle Mexican Grill, Deckers Outdoor Corporation, and Lockheed Martin Corporation. These changes reflect the analysts' latest views on these stocks, with adjustments made to price targets and, in some cases, ratings.
April 25, 2024 | 12:44 pm
News sentiment analysis
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NEGATIVE IMPACT
DA Davidson cut Helen of Troy's price target from $151 to $139, maintaining a Buy rating. Shares fell 9.5% to close at $90.71.
The decrease in Helen of Troy's price target, despite a Buy rating, suggests concerns that may continue to pressure the stock in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Oppenheimer lowered Humana's price target from $415 to $370 but maintained an Outperform rating. Shares fell 3.7% to close at $315.98.
The reduction in Humana's price target, despite maintaining an Outperform rating, could contribute to negative sentiment, impacting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
B of A Securities lowered Deckers Outdoor's price target from $875 to $860 and downgraded the stock from Buy to Neutral. Shares rose 2.7% to close at $851.71.
The downgrade and slight price target adjustment for Deckers Outdoor suggest a cautious outlook, which could lead to a neutral short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Susquehanna cut Lam Research's price target from $880 to $850, maintaining a Neutral rating. Shares fell 0.3% to close at $884.89.
The slight adjustment in Lam Research's price target and the Neutral rating indicate a stable but cautious outlook, likely resulting in a neutral short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. reduced Biogen's price target from $325 to $300, maintaining a Buy rating. Shares rose 4.6% to close at $201.99.
Despite the lowered price target, the maintained Buy rating and the recent stock price increase suggest a potentially positive outlook for Biogen's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wedbush raised Chipotle's price target from $2,850 to $3,200, maintaining a Neutral rating. Shares rose 0.4% to close at $2,926.76.
The raised price target for Chipotle, despite a Neutral rating, indicates potential growth prospects, likely leading to a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Deutsche Bank increased Lockheed Martin's price target from $467 to $487, maintaining a Hold rating. Shares fell 0.2% to close at $459.14.
The increase in Lockheed Martin's price target, along with a Hold rating, suggests a cautiously optimistic view, potentially leading to a slight positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rosenblatt raised Meta Platforms' price target from $520 to $562, maintaining a Buy rating. Shares fell 0.5% to close at $493.50.
The increase in price target by Rosenblatt suggests a bullish outlook on Meta Platforms, potentially leading to a positive short-term impact on its stock price despite the recent dip.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wedbush increased SLM Corporation's price target from $26 to $28, maintaining an Outperform rating. Shares rose 0.8% to close at $22.10.
The raised price target by Wedbush indicates a positive outlook for SLM Corporation, which could lead to further gains in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Baird raised Texas Instruments' price target from $125 to $175, maintaining a Neutral rating. Shares gained 5.6% to close at $174.81.
The significant increase in Texas Instruments' price target, even with a Neutral rating, could reflect underlying strengths, suggesting a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85