This MongoDB Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for MongoDB, Radian Group, Kimberly-Clark, MGIC Investment, and Asana. These changes could impact the stock prices of these companies in the short term.
June 03, 2024 | 1:55 pm
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POSITIVE IMPACT
RBC Capital analyst Nik Modi upgraded Kimberly-Clark from Sector Perform to Outperform, boosting the price target from $126 to $165. Shares rose 2.8% to $133.30 on Friday.
The upgrade to Outperform and a significant increase in the price target indicate strong positive sentiment, likely leading to a short-term rise in Kimberly-Clark's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Guggenheim analyst Howard Ma upgraded MongoDB from Sell to Neutral. MongoDB shares fell 23.9% to close at $236.06 on Friday.
The upgrade from Sell to Neutral by a reputable analyst could stabilize or slightly boost MongoDB's stock price after a significant drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keefe, Bruyette & Woods analyst Bose George upgraded MGIC Investment from Market Perform to Outperform, increasing the price target from $24 to $25. Shares rose 1.6% to $21.00 on Friday.
The upgrade to Outperform and a raised price target suggest positive sentiment, likely leading to a short-term increase in MGIC Investment's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keefe, Bruyette & Woods analyst Bose George upgraded Radian Group from Market Perform to Outperform, raising the price target from $35 to $36. Shares rose 0.9% to $31.24 on Friday.
The upgrade to Outperform and a raised price target suggest positive sentiment, likely leading to a short-term increase in Radian Group's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
HSBC analyst Stephen Bersey upgraded Asana from Reduce to Hold. Shares fell 0.6% to $13.05 on Friday.
The upgrade from Reduce to Hold indicates a neutral stance, which may not significantly impact Asana's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100