Celanese To Rally Around 12%? 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, impacting their stock performance. Notable adjustments include cuts and increases in price targets for companies like Allegro MicroSystems, Bloom Energy, Akamai Technologies, and others, with various analysts maintaining ratings from Buy to Neutral.
May 10, 2024 | 12:25 pm
News sentiment analysis
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POSITIVE IMPACT
TD Cowen upgraded Dutch Bros from Hold to Buy, increasing the price target from $33 to $46. Shares went up 3.2% to $32.80.
The upgrade and higher price target reflect a strong positive outlook from analysts, driving the stock's upward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Needham raised CarGurus' price target from $24 to $25, maintaining a Buy rating. Shares went up 0.6% to $22.28.
The increased price target and maintained Buy rating reflect a positive outlook, contributing to the stock's upward movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
HSBC upgraded 3M Company from Hold to Buy, raising the price target from $91.13 to $115. Shares rose 1% to $97.33.
The upgrade and significant price target increase signal strong analyst confidence, likely contributing to the stock's positive performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Stifel downgraded Planet Fitness from Buy to Hold, cutting the price target from $80 to $70. Shares rose 5.6% to $65.32.
The downgrade and price target cut would typically suggest a negative outlook, but the stock's rise indicates strong market sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
B of A Securities lowered Akamai Technologies' price target from $145 to $125, with a Buy rating. Shares rose 0.3% to $102.46.
Despite the price target cut, the stock's slight increase suggests a mixed market reaction, balancing the negative news with a Buy rating.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Baird reduced Yelp's price target from $44 to $39 but maintained a Neutral rating. Shares increased 1% to close at $39.62.
The price target cut with a Neutral rating suggests a cautious outlook, yet the stock's rise indicates a resilient market response.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Mizuho cut Allegro MicroSystems' price target from $45 to $35 but maintained a Buy rating. Shares fell 5.8% to close at $27.67.
The price target cut by Mizuho suggests a bearish outlook in the short term, likely contributing to the stock's decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Evercore ISI Group reduced Bloom Energy's price target from $21 to $20, maintaining an Outperform rating. Shares fell 0.5% to $11.74.
The slight price target reduction and maintained Outperform rating indicate a cautiously optimistic view, but the stock still dipped.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Baird upped Celanese's price target from $165 to $180, with an Outperform rating. Shares dropped 1.1% to $161.42.
Despite the positive price target revision, the stock's decline suggests market concerns or external factors influencing the price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Oppenheimer increased EverCommerce's price target from $11 to $12, maintaining an Outperform rating. Shares fell 1.7% to $9.69.
The positive price target adjustment suggests optimism, but the stock's decline indicates market hesitancy or other influencing factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80