Coinbase Global To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Apple, Coinbase Global, Live Nation Entertainment, Xylem, Booking Holdings, The Wendy's Company, Moody's Corporation, Texas Roadhouse, Union Pacific Corporation, and Cryoport. Notable changes include a price target increase for Coinbase Global by Canaccord Genuity and a downgrade for Cryoport by B. Riley Securities.

May 03, 2024 | 1:02 pm
News sentiment analysis
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NEGATIVE IMPACT
B. Riley Securities downgraded Cryoport from Buy to Neutral and lowered its price target from $22 to $19.
The downgrade and price target reduction for Cryoport by B. Riley Securities suggest concerns about its future performance, potentially leading to stock price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Rosenblatt raised Apple's price target from $189 to $196, maintaining a Neutral rating.
The increase in price target by Rosenblatt suggests a positive outlook on Apple's stock, potentially leading to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities increased Booking Holdings' price target from $3,900 to $3,950, maintaining a Neutral rating.
The slight increase in Booking Holdings' price target suggests a cautiously optimistic view, which could lead to modest stock gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Canaccord Genuity increased Coinbase's price target from $240 to $280, maintaining a Buy rating.
The significant price target increase for Coinbase by Canaccord Genuity indicates strong confidence in the company's future performance, likely contributing to further stock gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Rosenblatt raised Live Nation's price target from $119 to $122, maintaining a Buy rating.
Despite a slight share price drop, the increased price target for Live Nation suggests optimism about its growth prospects, potentially leading to a rebound.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Baird increased Moody's price target from $405 to $414, maintaining an Outperform rating.
The raised price target for Moody's by Baird suggests confidence in its continued strong performance, likely leading to further stock gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stephens & Co. raised Texas Roadhouse's price target from $150 to $164, maintaining an Equal-Weight rating.
The increase in Texas Roadhouse's price target reflects a positive view on its valuation, potentially supporting a mild stock price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stifel upgraded Union Pacific from Hold to Buy and raised its price target from $248 to $267.
Stifel's upgrade and price target increase for Union Pacific indicate a strong bullish stance, suggesting significant potential for stock appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wedbush raised The Wendy's Company's price target from $20 to $21, maintaining a Neutral rating.
The updated price target for Wendy's indicates a positive yet cautious stance, potentially leading to slight stock appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mizuho raised Xylem's price target from $110 to $135, maintaining a Neutral rating.
The price target increase for Xylem reflects a positive adjustment in valuation, which could support further stock price appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70