Apple To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Salesforce, Pure Storage, Nutanix, UiPath, Datadog, Okta, Nouveau Monde Graphite, Apple, DICK'S Sporting Goods, and International Game Technology. These updates include both price target changes and rating adjustments.
May 30, 2024 | 12:31 pm
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NEGATIVE IMPACT
Piper Sandler slashed the price target for Salesforce from $300 to $250 while maintaining a Neutral rating. Salesforce shares gained 0.7% to close at $271.62.
The reduction in price target by Piper Sandler suggests a less optimistic outlook for Salesforce, which could negatively impact short-term investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HC Wainwright & Co. cut the price target for Nouveau Monde Graphite from $8 to $3.25 while maintaining a Buy rating. Nouveau Monde Graphite shares rose 1% to close at $2.08.
The significant reduction in price target despite maintaining a Buy rating suggests mixed signals, likely leading to short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen cut the price target for UiPath from $28 to $17 and downgraded the stock from Buy to Hold. UiPath shares fell 2.4% to close at $18.30.
The significant reduction in price target and downgrade to Hold by TD Cowen indicate a bearish outlook, likely leading to short-term declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tigress Financial raised Apple's price target from $240 to $245 and maintained a Strong Buy rating. Apple shares rose 0.2% to close at $190.29.
The raised price target and maintained Strong Buy rating by Tigress Financial indicate continued strong performance expectations, likely driving short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised Datadog's price target from $143 to $155 and upgraded the stock from Neutral to Buy. Datadog shares fell 0.4% to close at $121.68.
The raised price target and upgrade to Buy by B of A Securities suggest a positive outlook, which may lead to short-term gains despite the recent minor decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird raised DICK'S Sporting Goods' price target from $225 to $235 and maintained a Neutral rating. DICK'S Sporting shares jumped 15.9% to close at $226.03.
The raised price target and significant share price jump suggest strong market confidence, likely leading to continued short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel boosted International Game Technology's price target from $24 to $26 and upgraded the stock from Hold to Buy. International Game Technology shares fell 0.7% to close at $19.10.
The raised price target and upgrade to Buy by Stifel indicate a positive outlook, which may lead to short-term gains despite the recent minor decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised Nutanix's price target from $69 to $79 and maintained an Overweight rating. Nutanix shares gained 2.1% to close at $73.29.
The raised price target and maintained Overweight rating from Keybanc suggest strong performance expectations, likely driving short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI Group increased Okta's price target from $102 to $122 and upgraded the stock from In-Line to Outperform. Okta shares rose 0.2% to close at $96.36.
The increased price target and upgrade to Outperform by Evercore ISI Group indicate a strong positive outlook, likely boosting short-term investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased the price target for Pure Storage from $66 to $80 and maintained a Buy rating. Pure Storage shares gained 0.8% to close at $63.00.
The increased price target and maintained Buy rating from Needham indicate a positive outlook, likely boosting short-term investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80