Walmart To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks. Key changes include price target cuts for Globant S.A., BioMarin Pharmaceutical Inc., Weibo Corporation, Take-Two Interactive Software, Inc., and NICE Ltd. Conversely, price targets were raised for Rush Street Interactive, Inc., JD.com, Inc., Walmart Inc., Advanced Drainage Systems, Inc., and Applied Materials, Inc. These updates reflect varying degrees of confidence and market performance expectations.
May 17, 2024 | 11:41 am
News sentiment analysis
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NEGATIVE IMPACT
Baird slashed the price target for BioMarin Pharmaceutical Inc. from $104 to $72 and downgraded the stock from Outperform to Neutral. Shares fell 4.3% to $76.97.
The significant price target cut and downgrade indicate a negative outlook, likely causing further short-term declines.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler cut the price target for Globant S.A. from $290 to $238, reiterating an Overweight rating. Shares fell 0.3% to $177.73.
The price target cut suggests reduced future growth expectations, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JMP Securities cut NICE Ltd.'s price target from $343 to $300, maintaining a Market Outperform rating. Shares fell 12.9% to $198.60.
The significant price target cut suggests reduced future growth expectations, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
B of A Securities cut Take-Two Interactive Software, Inc.'s price target from $170 to $160, maintaining a Neutral rating. Shares fell 1.4% to $146.08.
The price target cut indicates reduced growth expectations, likely leading to short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Morgan Stanley cut Weibo Corporation's price target from $11 to $10 and downgraded the stock from Equal-Weight to Underweight. Shares rose 4.4% to $10.04.
Despite the downgrade and price target cut, the stock rose, indicating mixed market sentiment. Short-term impact is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
B of A Securities boosted Applied Materials, Inc.'s price target from $222 to $250, maintaining a Buy rating. Shares fell 1.6% to $214.03.
The increased price target and Buy rating suggest positive future performance, likely leading to short-term upward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bernstein boosted JD.com, Inc.'s price target from $28 to $35, maintaining a Market Perform rating. Shares rose 1.9% to $34.27.
The increased price target suggests positive future performance, likely leading to short-term upward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised the price target for Rush Street Interactive, Inc. from $9 to $10, maintaining a Buy rating. Shares fell 1.1% to $8.64.
The raised price target and Buy rating suggest positive future performance, despite the recent minor decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stephens & Co. raised Advanced Drainage Systems, Inc.'s price target from $182 to $193, maintaining an Overweight rating. Shares fell 2.1% to $172.44.
The raised price target and Overweight rating suggest positive future performance, despite the recent minor decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Keybanc raised the price target for Walmart Inc. from $63 to $75, maintaining an Overweight rating. Shares rose 7% to $64.01.
The significant price target increase and Overweight rating suggest strong future performance, likely leading to short-term upward pressure on the stock.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95