Shopify To Rally Around 30%? 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. Notable changes include Stifel boosting Curtiss-Wright's price target, Baird cutting Nordson's price target, and Goldman Sachs upgrading Shopify. These updates could impact the short-term stock prices of the mentioned companies.
May 22, 2024 | 11:50 am
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NEGATIVE IMPACT
Morgan Stanley cut AutoZone, Inc.'s price target from $3,100 to $3,038, maintaining an Overweight rating. Shares fell 3.5% to close at $2,820.83.
The reduction in price target by Morgan Stanley, despite maintaining an Overweight rating, has led to a decline in AutoZone's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
B of A Securities slashed Garmin Ltd.'s price target from $165 to $150, downgrading the stock from Neutral to Underperform. Shares gained 0.3% to close at $170.73.
The downgrade to Underperform and reduced price target by B of A Securities is likely to negatively impact Garmin's stock price in the short term, despite the recent gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Baird cut the price target for Nordson Corporation from $303 to $272, maintaining an Outperform rating. Shares dipped 9.4% to close at $243.14.
The reduction in price target by Baird, despite maintaining an Outperform rating, has led to a significant drop in Nordson's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mizuho cut Globant S.A.'s price target from $279 to $252, maintaining a Buy rating. Shares rose 1.5% to close at $174.00.
Despite the reduction in price target by Mizuho, the maintained Buy rating has led to a slight increase in Globant's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Telsey Advisory Group boosted the price target for Urban Outfitters, Inc. from $48 to $49, maintaining an Outperform rating. Shares fell 0.3% to close at $41.32.
The slight increase in price target and maintained Outperform rating from Telsey Advisory Group has had a neutral short-term impact on Urban Outfitters' stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Piper Sandler boosted WSFS Financial Corporation's price target from $45 to $48, maintaining a Neutral rating. Shares fell 0.6% to close at $45.28.
The slight increase in price target and maintained Neutral rating from Piper Sandler has had a neutral short-term impact on WSFS Financial's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stifel boosted the price target for Curtiss-Wright Corporation from $293 to $310, maintaining a Buy rating. Shares gained 2.1% to close at $285.21.
The increase in price target and maintained Buy rating from Stifel is likely to positively impact Curtiss-Wright's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs raised Shopify Inc.'s price target from $67 to $74, upgrading the stock from Neutral to Buy. Shares fell 3.2% to close at $57.02.
The upgrade to Buy and increased price target by Goldman Sachs is likely to positively impact Shopify's stock price in the short term, despite the recent decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. raised Transcat, Inc.'s price target from $124 to $156, maintaining a Buy rating. Shares rose 14.3% to close at $141.86.
The significant increase in price target and maintained Buy rating from HC Wainwright & Co. is likely to positively impact Transcat's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised the price target for Willis Towers Watson from $272 to $304, upgrading the stock from Underperform to Neutral. Shares rose 0.3% to close at $253.89.
The upgrade from Underperform to Neutral and increased price target by B of A Securities is likely to have a positive short-term impact on Willis Towers Watson's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70