NVIDIA To Rally Over 39%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies, including NVIDIA, Foot Locker, DuPont, Cytokinetics, Chubb, Hasbro, Analog Devices, Synopsys, PlayAGS, and Snowflake. These changes reflect varying degrees of optimism and caution among analysts.
May 23, 2024 | 11:48 am
News sentiment analysis
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NEGATIVE IMPACT
Needham slashed the price target for Cytokinetics from $108 to $72, maintaining a Buy rating. Cytokinetics shares fell 1.5% to close at $59.23.
The significant reduction in the price target, despite a maintained Buy rating, indicates a more cautious outlook for Cytokinetics, which could lead to short-term negative sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Telsey Advisory Group cut the price target for Foot Locker from $28 to $26, maintaining a Market Perform rating. Foot Locker shares fell 0.4% to close at $22.82.
The reduction in the price target and the maintained Market Perform rating indicate a cautious outlook for Foot Locker, which could lead to short-term negative sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stifel increased PlayAGS' price target from $12 to $12.5 but downgraded the stock from Buy to Hold. PlayAGS shares fell 0.2% to close at $11.58.
The slight increase in the price target is offset by the downgrade to Hold, indicating a neutral outlook for PlayAGS, which is reflected in the minor drop in share price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Needham cut Snowflake's price target from $240 to $210, maintaining a Buy rating. Snowflake shares rose 0.4% to close at $163.34.
The reduction in the price target, despite a maintained Buy rating, suggests a cautious outlook for Snowflake. However, the slight rise in share price indicates mixed sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised the price target for Analog Devices from $230 to $285, maintaining an Overweight rating. Analog Devices shares rose 10.9% to close at $240.16.
The significant increase in the price target and the maintained Overweight rating, along with a substantial rise in share price, indicate strong positive sentiment for Analog Devices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
B of A Securities boosted Chubb's price target from $244 to $266 and upgraded the stock from Underperform to Neutral. Chubb shares rose 0.9% to close at $267.44.
The increase in the price target and the upgrade to Neutral suggest improved sentiment for Chubb, which is reflected in the recent rise in share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mizuho raised DuPont's price target from $83 to $100, maintaining a Buy rating. DuPont shares fell 1.2% to close at $78.55.
The increase in the price target and the maintained Buy rating suggest positive future performance expectations for DuPont, despite the recent drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan increased Hasbro's price target from $61 to $74 and upgraded the stock from Neutral to Overweight. Hasbro shares fell 3.4% to close at $60.33.
The increase in the price target and the upgrade to Overweight suggest strong future performance expectations for Hasbro, despite the recent drop in share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities boosted the price target for NVIDIA from $1,100 to $1,320, maintaining a Buy rating. NVIDIA shares fell 0.5% to close at $949.50.
The significant increase in the price target by B of A Securities, along with a maintained Buy rating, suggests strong future performance expectations for NVIDIA. Despite a slight drop in share price, the overall sentiment is positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler raised Synopsys' price target from $665 to $672, reiterating an Overweight rating. Synopsys shares rose 0.3% to close at $573.13.
The slight increase in the price target and the reiterated Overweight rating suggest continued positive sentiment for Synopsys, reflected in the modest rise in share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100