Domino's Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have made significant adjustments to their price targets and ratings for several US-listed companies, impacting their stock performance. Notable changes include downgrades for Chegg and XP Inc., while Domino's Pizza and Lattice Semiconductor received positive revisions. Other companies like ON Semiconductor, Eastman Chemical, Goldman Sachs, Sensata Technologies, Southwest Airlines, and MSCI also saw adjustments in their price targets and ratings.
April 30, 2024 | 12:43 pm
News sentiment analysis
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NEGATIVE IMPACT
Jefferies downgraded Chegg from Hold to Underperform, cutting the price target from $7 to $4, despite a recent 1% stock increase.
The downgrade and significant price target cut by Jefferies could lead to a negative short-term impact on Chegg's stock, despite its recent gain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Susquehanna cut Southwest Airlines' price target from $27 to $25, maintaining a Neutral rating, following a 0.7% stock decline.
The price target cut and recent stock decline indicate a negative short-term impact on Southwest Airlines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs downgraded XP Inc. from Buy to Neutral, reducing the price target from $30 to $23, despite a 1.7% stock gain.
The downgrade and price target reduction by Goldman Sachs could negatively affect XP Inc.'s stock in the short term, despite its recent gain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Keybanc reduced ON Semiconductor's price target from $100 to $90 but maintained an Overweight rating, following a 4.1% stock increase.
Despite the price target cut, the maintenance of an Overweight rating and recent stock gain suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Stifel increased Sensata Technologies' price target from $36 to $43, maintaining a Hold rating, after a 2.2% stock increase.
The price target increase with a Hold rating and recent stock gain suggest a neutral short-term impact for Sensata Technologies.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
TD Cowen raised Domino’s Pizza's price target from $550 to $580, maintaining a Buy rating, after a 5.6% stock increase.
The significant price target increase and Buy rating, along with a strong stock performance, suggest a positive short-term impact for Domino’s Pizza.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Piper Sandler raised Eastman Chemical's price target from $90 to $105, maintaining a Neutral rating, after a 1.9% stock rise.
The increase in price target, coupled with a recent stock rise, indicates a positive short-term outlook for Eastman Chemical.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer increased Goldman Sachs' price target from $479 to $517, maintaining an Outperform rating, with a 0.8% stock rise.
The raised price target and continued Outperform rating suggest a positive short-term impact on Goldman Sachs' stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Needham increased Lattice Semiconductor's price target from $75 to $80, maintaining a Buy rating, following a 4% stock rise.
The price target increase and continued Buy rating, coupled with recent stock performance, suggest a positive short-term impact for Lattice Semiconductor.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
B of A Securities raised MSCI's price target from $425 to $525, upgrading the stock from Underperform to Neutral, despite a slight stock decline.
The upgrade and substantial price target increase indicate a positive short-term outlook for MSCI, despite a minor recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85