Netflix To Rally Over 8%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Norwegian Cruise Line, TransDigm Group, Netflix, Deckers Outdoor, CrowdStrike, NIO, DuPont, Zscaler, Globant, and Zuora. These updates include both upgrades and downgrades, with significant price target changes.
May 28, 2024 | 11:46 am
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities cut NIO's price target from $6.5 to $5.9, maintaining a Neutral rating. Shares rose 0.6% to close at $4.83.
The reduced price target indicates potential challenges ahead, likely leading to a short-term price decrease despite the slight share increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Wells Fargo downgraded Zscaler from Overweight to Equal-Weight and slashed the price target from $275 to $182. Shares fell 0.2% to close at $171.64.
The downgrade and significant price target reduction indicate potential challenges, likely leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
UBS upgraded Globant from Neutral to Buy but cut the price target from $240 to $230. Shares fell 3% to close at $166.49.
The upgrade to Buy is positive, but the reduced price target and share decline suggest mixed signals, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 65
NEUTRAL IMPACT
Baird maintained a Neutral rating on Zuora and raised the price target from $8 to $10. Shares fell 2.3% to close at $9.97.
The maintained Neutral rating and slight price target increase suggest limited impact, leading to a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Morgan Stanley maintained an Overweight rating on CrowdStrike and raised the price target from $372 to $422. Shares rose 2.7% to close at $351.47.
The maintained Overweight rating and increased price target suggest strong future performance, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Citigroup upgraded DuPont from Neutral to Buy and raised the price target from $85 to $95. Shares rose 2.8% to close at $81.12.
The upgrade and increased price target suggest strong future performance, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Truist Securities upgraded Deckers Outdoor from Hold to Buy and raised the price target from $1,011 to $1,200. Shares gained 14.2% to close at $1,032.90.
The significant upgrade and price target increase indicate strong future performance, likely leading to a continued short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Mizuho upgraded Norwegian Cruise Line from Neutral to Buy and raised the price target from $21 to $24. Shares rose 2.8% to close at $16.00.
The upgrade and increased price target from a reputable analyst can boost investor confidence, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI Group raised Netflix's price target from $650 to $700, maintaining an Outperform rating. Shares gained 1.7% to close at $646.75.
The increased price target and maintained Outperform rating from a top analyst can drive investor optimism, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc maintained an Overweight rating on TransDigm Group and raised the price target from $1,325 to $1,440. Shares gained 1.5% to close at $1,350.31.
Maintaining an Overweight rating and increasing the price target suggests strong future performance, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70