Apple To Rally Over 47%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Notable changes include Stifel boosting Deckers Outdoor Corporation's price target, HC Wainwright & Co. cutting Calliditas Therapeutics' price target, Piper Sandler raising Chord Energy Corporation's price target, and Oppenheimer slashing Workday, Inc.'s price target. Other significant updates include Telsey Advisory Group cutting Ulta Beauty, Inc.'s price target, B of A Securities increasing Magnite, Inc.'s price target, and Mizuho raising Microchip Technology Incorporated's price target.
May 24, 2024 | 12:08 pm
News sentiment analysis
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POSITIVE IMPACT
B of A Securities raised the price target for BJ’s Wholesale Club Holdings, Inc. from $90 to $95, maintaining a Buy rating. Shares rose 3.4% to close at $83.20.
The increased price target and share price gain indicate positive short-term sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. cut the price target for Calliditas Therapeutics from $50 to $45, maintaining a Buy rating. Shares gained 7% to close at $22.75.
Despite the price target cut, the Buy rating and recent share price gain indicate positive short-term sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stifel boosted the price target for Deckers Outdoor Corporation from $775 to $825, maintaining a Hold rating. Shares rose 1.3% to close at $904.65.
The increase in price target suggests positive sentiment, likely leading to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho raised Microchip Technology Incorporated's price target from $85 to $115, upgrading the stock from Neutral to Buy. Shares fell 1.4% to close at $98.14.
The upgrade to Buy and significant increase in price target suggest positive sentiment, despite the recent share price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities increased Magnite, Inc.'s price target from $13 to $15, upgrading the stock from Neutral to Buy. Shares fell 3.2% to close at $11.07.
The upgrade to Buy and increased price target suggest positive sentiment, despite the recent share price decline.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Stifel cut Saia, Inc.'s price target from $526 to $475, upgrading the stock from Hold to Buy. Shares rose 0.8% to close at $380.25.
The upgrade to Buy and share price gain suggest positive short-term sentiment, despite the price target cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Piper Sandler raised Chord Energy Corporation's price target from $231 to $233, maintaining an Overweight rating. Shares fell 0.6% to close at $176.64.
The minor increase in price target and share price decline suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Oppenheimer slashed the price target for Workday, Inc. from $320 to $300, maintaining an Outperform rating. Shares gained 0.4% to close at $260.90.
The significant price target cut is offset by the Outperform rating and slight share price gain, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Baird cut Titan Machinery Inc.'s price target from $24 to $18, maintaining a Neutral rating. Shares fell 14.7% to close at $19.75.
The significant price target cut and sharp share price decline indicate negative short-term sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Telsey Advisory Group cut Ulta Beauty, Inc.'s price target from $600 to $500, maintaining an Outperform rating. Shares fell 0.6% to close at $376.14.
The significant price target cut and share price decline suggest a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80