Lululemon To Rally Around 45%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several US-listed companies, including Semtech Corporation, Sprinklr, Cipher Mining, Core Scientific, Steven Madden, Lululemon Athletica, Smartsheet, Lands’ End, Ollie’s Bargain Outlet Holdings, and THOR Industries. These updates include both price target increases and decreases, as well as rating changes.
June 06, 2024 | 12:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Cantor Fitzgerald cut the price target for Sprinklr from $16 to $10 and downgraded the stock from Overweight to Neutral. Shares rose 1.2% to close at $10.84.
The downgrade and price target cut from Cantor Fitzgerald are negative signals, likely to dampen investor sentiment and put downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baird cut THOR Industries' price target from $120 to $110, maintaining an Outperform rating. Shares gained 0.7% to close at $96.65.
The price target cut from Baird is a negative signal, likely to dampen investor sentiment. However, the maintained Outperform rating suggests some underlying strength.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
HC Wainwright & Co. increased Cipher Mining's price target from $5.5 to $6, maintaining a Buy rating. Shares gained 4.9% to close at $4.04.
The price target increase and maintained Buy rating from HC Wainwright & Co. are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
BTIG raised the price target for Core Scientific from $8 to $10, maintaining a Buy rating. Shares gained 4.7% to close at $7.15.
The price target increase and maintained Buy rating from BTIG are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Small Cap Consumer Research increased Lands’ End's price target from $14 to $17, maintaining a Buy rating. Shares fell 5.8% to close at $13.09.
Despite the price target increase and maintained Buy rating from Small Cap Consumer Research, the stock's decline suggests other market factors are at play. However, the long-term outlook remains positive.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TD Cowen boosted Lululemon Athletica's price target from $437 to $447, maintaining a Buy rating. Shares rose 0.5% to close at $308.27.
The price target increase and maintained Buy rating from TD Cowen are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
RBC Capital raised Ollie’s Bargain Outlet Holdings' price target from $86 to $101, maintaining an Outperform rating. Shares rose 9.5% to close at $89.83.
The significant price target increase and maintained Outperform rating from RBC Capital are strong positive signals, likely to drive substantial short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BTIG boosted Steven Madden's price target from $50 to $53, maintaining a Buy rating. Shares gained 0.5% to close at $44.34.
The price target increase and maintained Buy rating from BTIG are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
RBC Capital raised the price target for Smartsheet from $36 to $43, maintaining a Sector Perform rating. Shares rose 0.5% to close at $37.78.
The price target increase from RBC Capital is a positive signal, likely to boost investor confidence and drive short-term price appreciation, despite the maintained Sector Perform rating.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Needham raised the price target for Semtech Corporation from $38 to $50, maintaining a Buy rating. Shares gained 3.5% to close at $38.68.
The price target increase and maintained Buy rating from Needham are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100