CrowdStrike To Rally Over 15%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies. Notable changes include JP Morgan boosting CrowdStrike's target to $400, TD Cowen slashing Lululemon's target to $437, and B of A Securities raising Dell's target to $180. Other companies affected include Globus Medical, TransDigm Group, Ulta Beauty, Box, American Airlines, CAVA Group, and Veeva Systems.
May 29, 2024 | 12:10 pm
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NEGATIVE IMPACT
Jefferies slashed the price target for American Airlines Group Inc. from $17 to $12, downgrading the stock from Buy to Hold.
The significant reduction in price target and downgrade to Hold by Jefferies indicates concerns about American Airlines' near-term performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley cut the price target for Box, Inc. from $32 to $30, maintaining an Equal-Weight rating.
The reduction in price target by Morgan Stanley, while maintaining an Equal-Weight rating, indicates a neutral to slightly negative outlook for Box's near-term performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen slashed the price target for Lululemon Athletica Inc. from $515 to $437, maintaining a Buy rating.
The significant reduction in price target by TD Cowen, despite maintaining a Buy rating, indicates potential concerns about Lululemon's near-term performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Canaccord Genuity cut the price target for Ulta Beauty, Inc. from $575 to $522, maintaining a Buy rating.
The reduction in price target by Canaccord Genuity, despite maintaining a Buy rating, suggests potential concerns about Ulta Beauty's near-term performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Wedbush raised the price target for CAVA Group, Inc. from $74 to $90, maintaining an Outperform rating.
The increase in price target and maintained Outperform rating by Wedbush suggests positive expectations for CAVA Group's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
JP Morgan boosted the price target for CrowdStrike Holdings, Inc. from $371 to $400, maintaining an Overweight rating.
The increase in price target and maintained Overweight rating by JP Morgan suggests strong confidence in CrowdStrike's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities raised the price target for Dell Technologies Inc. from $130 to $180, maintaining a Buy rating.
The significant increase in price target and maintained Buy rating by B of A Securities suggests strong confidence in Dell's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BTIG raised the price target for Globus Medical, Inc. from $63 to $72, maintaining a Buy rating.
The increase in price target and maintained Buy rating by BTIG suggests positive expectations for Globus Medical's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
B of A Securities increased the price target for TransDigm Group Incorporated from $1,310 to $1,460, maintaining a Buy rating.
The increase in price target and maintained Buy rating by B of A Securities indicates strong confidence in TransDigm's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird boosted the price target for Veeva Systems Inc. from $251 to $255, maintaining an Outperform rating.
The slight increase in price target and maintained Outperform rating by Baird suggests continued positive expectations for Veeva Systems' performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100