Trade Desk To Rally Around 28%? 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, leading to varied stock price movements. Notable adjustments include increases in price targets for RingCentral, Robinhood Markets, Emerson Electric, Arm Holdings, The Cheesecake Factory, BrainsWay, Uber Technologies, Amgen, and The Trade Desk, with a decrease for Cardlytics.
May 09, 2024 | 12:28 pm
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POSITIVE IMPACT
Mizuho raised Amgen's price target from $223 to $235, maintaining a Neutral rating. Shares gained 2.3%.
The price target hike likely contributed to the stock's gain, indicating a positive short-term impact despite the Neutral rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank upgraded Emerson Electric's rating to Buy and raised the price target from $123 to $138. Shares rose 4.9%.
The upgrade and price target increase by Deutsche Bank likely contributed to the stock's positive performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Baird raised RingCentral's price target from $32 to $35, maintaining a Neutral rating. Shares surged 14.6%.
The increase in price target by Baird and the subsequent stock surge indicate a positive short-term impact, despite the Neutral rating.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Wedbush raised The Cheesecake Factory's price target from $40 to $45, maintaining an Outperform rating. Shares slightly fell.
The price target increase suggests a positive outlook, but the slight stock dip indicates a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Evercore ISI Group lowered Arm Holdings' price target from $156 to $145 but kept an Outperform rating. Shares fell 1.6%.
The decrease in price target, despite an Outperform rating, suggests a short-term negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
HC Wainwright & Co. increased BrainsWay's price target from $13 to $15 with a Buy rating. Shares fell 6.4%.
Despite the positive rating and price target increase, the stock's decline indicates a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Needham cut Cardlytics' price target from $17 to $12 but maintained a Buy rating. Shares fell 5.3%.
The significant price target cut and the stock's decline reflect a negative short-term impact, despite the Buy rating.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler increased Robinhood's price target from $17 to $18 with a Neutral rating. Shares fell 0.8%.
Despite the price target increase, the stock's slight decline suggests a neutral to slightly negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler increased The Trade Desk's price target from $105 to $110, reiterating an Overweight rating. Shares fell 4%.
Despite the positive rating and price target increase, the stock's decline suggests a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
B of A Securities reduced Uber's price target from $91 to $87 but maintained a Buy rating. Shares fell 5.7%.
The slight price target reduction and the stock's significant drop suggest a negative short-term impact, despite the Buy rating.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90