Palo Alto Networks To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Booz Allen Hamilton, Wix.com, Palo Alto Networks, Zoom Video Communications, JPMorgan Chase, Li Auto, Tyler Technologies, Teradyne, and Trip.com. These changes could impact the short-term stock prices of these companies.
May 21, 2024 | 12:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Keefe, Bruyette & Woods boosted JPMorgan Chase's price target from $203 to $209, maintaining a Market Perform rating. Shares fell 4.5% to close at $195.58.
Despite the raised price target, the Market Perform rating and recent share price drop suggest cautious sentiment, likely leading to a short-term price decrease.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
B of A Securities cut Li Auto's price target from $41 to $36, maintaining a Buy rating. Shares fell 12.8% to close at $21.71.
The significant cut in price target and substantial share price drop indicate negative sentiment, likely leading to further short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Baird lowered Zoom Video Communications' price target from $90 to $84, maintaining an Outperform rating. Shares fell 0.1% to close at $64.09.
The lowered price target despite an Outperform rating suggests mixed sentiment, likely leading to a short-term price decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel boosted the price target for Booz Allen Hamilton from $155 to $170, maintaining a Buy rating. Shares gained 1.1% to close at $153.98.
The increase in price target and maintained Buy rating from Stifel suggests positive sentiment, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bernstein raised Palo Alto Networks' price target from $335 to $364, maintaining an Outperform rating. Shares rose 1.9% to close at $323.77.
The raised price target and maintained Outperform rating from Bernstein suggest continued positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Benchmark boosted Trip.com's price target from $55 to $72, maintaining a Buy rating. Shares gained 0.4% to close at $57.05.
The raised price target and maintained Buy rating from Benchmark suggest positive sentiment, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Keybanc raised Teradyne's price target from $140 to $149, maintaining an Overweight rating. Shares gained 5.8% to close at $139.51.
The raised price target and maintained Overweight rating from Keybanc suggest strong positive sentiment, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised Tyler Technologies' price target from $500 to $600, maintaining a Buy rating. Shares rose 1% to close at $493.92.
The raised price target and maintained Buy rating from Needham suggest positive sentiment, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JMP Securities raised Wix.com's price target from $150 to $180, maintaining a Market Outperform rating. Shares jumped 23.8% to close at $168.02.
The significant increase in price target and strong rating from JMP Securities, along with a substantial share price jump, indicates strong positive sentiment.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90