NVIDIA To Rally Around 30%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies, including NVIDIA, Ulta Beauty, EPR Properties, Take-Two Interactive, Arista Networks, Intuit, Teradyne, Micron Technology, Lumentum Holdings, and Analog Devices. These changes could impact the stock prices of these companies in the short term.
May 20, 2024 | 12:29 pm
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POSITIVE IMPACT
Stifel boosted Analog Devices' price target from $220 to $240 and maintained a Buy rating. Analog Devices shares slipped 0.02% to close at $214.08 on Friday.
The increase in the price target by Stifel suggests positive future performance expectations, likely leading to a positive short-term impact on Analog Devices' stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group boosted Arista Networks' price target from $320 to $340 and maintained an Outperform rating. Arista Networks shares fell 0.1% to close at $319.89 on Friday.
The increase in the price target by Evercore ISI Group suggests positive future performance expectations, likely leading to a positive short-term impact on Arista Networks' stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Keybanc boosted Intuit's price target from $720 to $740 and maintained an Overweight rating. Intuit shares rose 1.2% to close at $661.18 on Friday.
The increase in the price target by Keybanc suggests strong future performance expectations, likely leading to a positive short-term impact on Intuit's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley raised Micron Technology's price target from $98 to $130 and upgraded the stock from Underweight to Equal-Weight. Micron shares fell 2% to close at $125.29 on Friday.
The significant increase in the price target and upgrade by Morgan Stanley suggest positive future performance expectations, likely leading to a positive short-term impact on Micron Technology's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird boosted the price target for NVIDIA from $1,050 to $1,200 and maintained an Outperform rating. NVIDIA shares fell 2% to close at $924.79 on Friday.
The significant increase in the price target by Baird suggests strong future performance expectations, likely leading to a positive short-term impact on NVIDIA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs raised the price target for Teradyne from $118 to $161 and upgraded the stock from Neutral to Buy. Teradyne shares rose 0.3% to close at $131.91 on Friday.
The significant increase in the price target and upgrade by Goldman Sachs suggest strong future performance expectations, likely leading to a positive short-term impact on Teradyne's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Baird lowered the price target for Take-Two Interactive from $173 to $172 but maintained an Outperform rating. Take-Two shares rose 1.2% to close at $147.84 on Friday.
The minor reduction in the price target by Baird, while maintaining an Outperform rating, suggests a neutral short-term impact on Take-Two Interactive's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities cut EPR Properties' price target from $45 to $40 and downgraded the stock from Neutral to Underperform. EPR Properties shares fell 0.5% to close at $42.57 on Friday.
The downgrade and reduction in the price target by B of A Securities suggest negative expectations, likely leading to a negative short-term impact on EPR Properties' stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Needham slashed Lumentum Holdings' price target from $60 to $55 but maintained a Buy rating. Lumentum shares fell 1.6% to close at $46.05 on Friday.
The reduction in the price target by Needham indicates potential concerns, likely leading to a negative short-term impact on Lumentum Holdings' stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler slashed the price target for Ulta Beauty from $595 to $505 but maintained an Overweight rating. Ulta Beauty shares fell 0.4% to close at $399.56 on Friday.
The significant reduction in the price target by Piper Sandler indicates potential concerns, likely leading to a negative short-term impact on Ulta Beauty's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100