Crocs To Rally Around 19%? 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, leading to various stock price movements. Notable changes include downgrades for Applied Materials and PENN Entertainment, and upgrades for Mettler-Toledo and Crocs, among others.
May 13, 2024 | 12:31 pm
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright cut Biohaven's price target from $63 to $59, maintaining a Buy rating. The stock fell 13.7% to close at $35.69.
Despite the Buy rating, the reduced price target and significant stock price drop reflect investor concerns or negative market sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Needham reduced Docebo's price target from $63 to $45, maintaining a Buy rating. The stock plummeted 22.9% to close at $35.81.
Despite the Buy rating, the significant price target reduction and stock price drop suggest strong market reactions and potential investor concerns.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
HC Wainwright lowered EyePoint Pharmaceuticals' price target from $33 to $30, maintaining a Buy rating. The stock fell 4.6% to close at $12.09.
The price target cut, despite a Buy rating, and the stock's decline reflect cautious investor sentiment and potential market concerns.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
B of A Securities downgraded PENN Entertainment from Buy to Neutral, lowering the price target from $28 to $17.5. The stock declined 1% to close at $16.08.
The downgrade and price target cut reflect a negative outlook, contributing to the stock's decline and indicating potential investor concern.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Truist Securities downgraded PlayAGS from Buy to Hold, reducing the price target from $13 to $12.5. The stock slightly fell by 0.4% to close at $11.29.
The downgrade and minor price target adjustment suggest a neutral outlook, with the slight stock decline indicating a moderate market reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jefferies downgraded Applied Materials from Buy to Hold, reducing the price target from $215 to $210. The stock rose 1.7% to close at $209.73.
The downgrade reflects a cautious outlook, but the stock's positive reaction suggests market factors or investor sentiment may mitigate the downgrade's impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Susquehanna reduced Rapid7's price target from $55 to $40, maintaining a Neutral rating. The stock slightly fell by 0.2% to close at $37.85.
The price target cut with a Neutral rating suggests a cautious outlook, but the minimal stock movement indicates a balanced market reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Truist Securities increased CRH's price target from $95 to $100, maintaining a Buy rating. The stock gained 4.3% to close at $83.77.
The price target hike and maintained Buy rating reflect a bullish outlook, with the stock's gain indicating positive market reception and investor optimism.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wedbush raised Crocs' price target from $156 to $170, maintaining an Outperform rating. The stock rose 2.6% to close at $143.27.
The price target increase and positive rating, along with the stock's rise, indicate strong investor confidence and a positive outlook for Crocs.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Baird raised Mettler-Toledo's price target from $1,212 to $1,360, maintaining a Neutral rating. The stock jumped 17% to close at $1,510.25.
The significant price target increase and subsequent stock jump indicate strong investor confidence and positive market sentiment towards Mettler-Toledo.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90