Dell To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Dell Technologies, Assurant, Insmed, Nu Holdings, Hyatt Hotels, Boot Barn, General Mills, Accenture, Jack in the Box, and On Holding. Notable changes include price target increases for Dell, Assurant, Insmed, Nu Holdings, Hyatt Hotels, Boot Barn, General Mills, and On Holding, while Accenture and Jack in the Box saw price target reductions.
May 15, 2024 | 11:50 am
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NEGATIVE IMPACT
Deutsche Bank cut Accenture's price target from $409 to $295, downgrading the stock from Buy to Hold. Shares fell 0.2% to $306.95.
The significant price target cut and downgrade suggest a short-term downward trend for Accenture.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Wedbush slashed Jack in the Box's price target from $78 to $68, maintaining an Outperform rating. Shares closed at $53.07.
The price target cut suggests a potential short-term downward trend for Jack in the Box, despite the Outperform rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keefe, Bruyette & Woods raised the price target for Assurant from $182 to $186, maintaining a Market Perform rating. Shares rose 0.6% to $177.33.
The price target increase and positive market reaction suggest a short-term upward trend for Assurant.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird boosted Boot Barn's price target from $90 to $100, maintaining a Neutral rating. Shares rose 0.2% to $107.03.
The price target increase and slight market reaction suggest a modest short-term upward trend for Boot Barn.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Morgan Stanley increased Dell Technologies' price target from $128 to $152, maintaining an Overweight rating. Shares gained 2.4% to $134.12.
The significant price target increase and strong market reaction suggest a robust short-term upward trend for Dell Technologies.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bernstein raised General Mills' price target from $62 to $70, upgrading the stock from Underperform to Market Perform. Shares rose 0.3% to $70.85.
The price target increase and upgrade, along with a positive market reaction, suggest a short-term upward trend for General Mills.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho boosted the price target for Hyatt Hotels from $195 to $204, maintaining a Buy rating. Shares gained 0.8% to $150.47.
The price target increase and positive market reaction suggest a short-term upward trend for Hyatt Hotels.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs boosted the price target for Insmed from $40 to $49, maintaining a Buy rating. Shares fell 1.5% to $25.45.
Despite the price target increase, the share price fell, indicating potential volatility but a positive outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Susquehanna raised Nu Holdings' price target from $12 to $14, maintaining a Positive rating. Shares rose 1.5% to $11.55.
The price target increase and positive market reaction suggest a short-term upward trend for Nu Holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised On Holding's price target from $40 to $45, maintaining a Buy rating. Shares climbed 18.3% to $36.30.
The significant price target increase and strong market reaction suggest a robust short-term upward trend for On Holding.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90