Coinbase Global To Rally Around 27%? 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 notable changes for LyondellBasell, Shopify, Colgate-Palmolive, Newell Brands, Charter Communications, DoorDash, AMD, Lululemon Athletica, Coinbase Global, and Southwest Airlines. These adjustments reflect analysts' latest views on these stocks, with some experiencing price target increases, upgrades, downgrades, and others seeing price target cuts.
April 29, 2024 | 12:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Rosenblatt slightly cut Charter Communications' price target from $297 to $292, maintaining a Neutral rating. Shares fell 1.7% to close at $254.61.
The minor price target cut for Charter Communications by Rosenblatt, along with a Neutral rating, suggests a cautious outlook, potentially leading to short-term stock pressure.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Jefferies downgraded Southwest Airlines from Hold to Underperform and slashed the price target from $28 to $20. Shares fell 0.8% to close at $27.03.
Jefferies' downgrade and significant price target cut for Southwest Airlines indicate a bearish outlook, likely leading to short-term stock pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Barclays downgraded Lululemon from Overweight to Equal-Weight and cut the price target from $546 to $395. Shares rose 1.3% to close at $364.70.
Barclays' downgrade and price target cut for Lululemon reflect a more cautious outlook, but the stock's rise suggests mixed market reactions, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Susquehanna cut AMD's price target from $200 to $185, maintaining a Positive rating. Shares gained 2.4% to close at $157.40.
Despite the price target cut, Susquehanna's continued Positive rating on AMD suggests underlying strength, potentially leading to short-term stock gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised Colgate-Palmolive's price target from $90 to $100, maintaining a Buy rating. Shares rose 1.9% to close at $91.01.
The price target increase for Colgate-Palmolive by B of A Securities suggests confidence in the company's prospects, likely leading to short-term stock gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. raised Coinbase's price target from $250 to $300, maintaining a Buy rating. Shares rose 5.7% to close at $236.32.
The significant price target increase for Coinbase by HC Wainwright & Co. suggests strong confidence in the company's future, likely leading to continued short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Oppenheimer raised DoorDash's price target from $140 to $150, maintaining an Outperform rating. Shares rose 3.1% to close at $132.11.
The price target increase for DoorDash by Oppenheimer reflects a positive outlook, likely contributing to short-term stock appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Mizuho raised LyondellBasell's price target from $98 to $108, maintaining a Neutral rating. Shares rose 2.5% to close at $102.13.
The increase in price target by Mizuho suggests a positive outlook on LyondellBasell, potentially leading to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Canaccord Genuity increased Newell Brands' price target from $9 to $10, maintaining a Buy rating. Shares rose 12.3% to close at $7.79.
The price target increase and maintained Buy rating for Newell Brands by Canaccord Genuity suggest a strong bullish stance, contributing to significant short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Citigroup upgraded Shopify from Neutral to Buy and raised the price target from $93 to $105. Shares rose 1.1% to close at $71.33.
Citigroup's upgrade and price target increase for Shopify indicate a bullish outlook, which could drive short-term stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90