Microsoft To Rally Over 29%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Microsoft, Kratos Defense & Security Solutions, Intel, Plexus Corp, Hertz Global Holdings, Alphabet, Caterpillar, Tyler Technologies, Dow, and Tractor Supply Company. These adjustments reflect analysts' latest views on these companies' future prospects.
April 26, 2024 | 12:07 pm
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities downgraded Hertz Global Holdings and cut its price target from $9 to $3. Shares fell 19.3% to close at $4.68.
The downgrade and significant reduction in price target reflect a very bearish outlook for Hertz, suggesting a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Stifel raised Caterpillar's price target from $293 to $350 but downgraded the stock from Buy to Hold. Shares fell 7% to close at $338.00.
The increase in price target contrasts with the downgrade to Hold, suggesting a cautious outlook that could lead to a neutral short-term impact on Caterpillar's stock.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Mizuho lowered Intel's price target from $55 to $45 but maintained a Buy rating. Shares rose 1.7% to close at $35.11.
Despite the lowered price target, the maintenance of a Buy rating suggests a cautious but still optimistic view on Intel, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
JP Morgan upgraded Dow Inc. and raised the price target from $55 to $61. Shares fell 1% to close at $56.44.
The upgrade to Overweight and the increase in price target suggest a bullish outlook for Dow, indicating a potential positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup raised Alphabet's price target from $168 to $190, maintaining a Buy rating. Shares fell 2% to close at $156.00.
The increase in price target by Citigroup suggests a positive outlook for Alphabet, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Raymond James upgraded Kratos Defense & Security's rating and raised the price target from $20 to $27. Shares fell 2.8% to close at $17.28.
The upgrade to Strong Buy and the increase in price target indicate a bullish outlook for Kratos, suggesting a potential positive impact on its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Goldman Sachs raised Microsoft's price target from $450 to $515, maintaining a Buy rating. Shares fell 2.5% to close at $399.04.
The significant increase in price target by a reputable firm like Goldman Sachs suggests strong confidence in Microsoft's future performance, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Needham raised Plexus Corp's price target from $107 to $114, maintaining a Buy rating. Shares rose 3.6% to close at $99.09.
The increase in price target and continued Buy rating suggest confidence in Plexus Corp's growth prospects, likely leading to a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird raised Tractor Supply Company's price target from $260 to $285, maintaining an Outperform rating. Shares rose 2.8% to close at $265.26.
The increase in price target and continued positive rating reflect confidence in Tractor Supply's growth, likely leading to a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer raised Tyler Technologies' price target from $480 to $500, maintaining an Outperform rating. Shares rose 9.3% to close at $458.07.
The raised price target and continued Outperform rating indicate strong confidence in Tyler Technologies, suggesting a positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85