Microsoft To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks. Notable changes include price target adjustments for Big Lots, Addus HomeCare, Microsoft, NIO, Vail Resorts, Herbalife, 3M, DocuSign, Ciena, and Braze. These updates reflect varying degrees of optimism and caution among analysts.
June 07, 2024 | 12:26 pm
News sentiment analysis
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NEGATIVE IMPACT
Telsey Advisory Group cut the price target for Big Lots from $5 to $2.5, maintaining a Market Perform rating. Shares dipped 18.2% to close at $2.88.
The significant reduction in the price target and the sharp decline in share price indicate negative sentiment and potential further downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities raised the price target for NIO from $5.9 to $6, maintaining a Neutral rating. Shares fell 6.8% to close at $4.91.
Despite a slight increase in the price target, the Neutral rating and significant share price drop indicate mixed sentiment and potential volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Piper Sandler cut Braze's price target from $66 to $55, maintaining an Overweight rating. Shares gained 2% to close at $36.78.
The reduced price target and maintained Overweight rating indicate cautious optimism, supported by the share price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Needham slashed Ciena's price target from $65 to $60, maintaining a Buy rating. Shares rose 0.7% to close at $48.56.
The reduced price target and maintained Buy rating suggest cautious optimism, reflected in the slight share price increase.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Baird cut DocuSign's price target from $65 to $55, maintaining a Neutral rating. Shares rose 2% to close at $54.60.
The reduced price target and Neutral rating indicate cautious sentiment, but the share price increase suggests some investor optimism.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Mizuho boosted Herbalife's price target from $10 to $11, maintaining a Neutral rating. Shares rose 1.7% to close at $11.43.
The slight increase in the price target and the Neutral rating indicate moderate confidence in the stock's performance.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Stifel cut Vail Resorts' price target from $262 to $259, maintaining a Buy rating. Shares gained 0.6% to close at $193.95.
The minor reduction in the price target and the maintained Buy rating suggest stable but cautious optimism.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Oppenheimer raised the price target for Addus HomeCare from $118 to $130, maintaining an Outperform rating. Shares rose 1.2% to close at $116.07.
The increase in the price target and the positive rating suggest optimism about the company's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
B of A Securities raised the price target for 3M from $105 to $120, upgrading the stock from Neutral to Buy. Shares fell 0.9% to close at $98.22.
The upgrade to Buy and increased price target suggest strong confidence in 3M's future performance despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Oppenheimer increased Microsoft's price target from $450 to $500, maintaining an Outperform rating. Shares gained 0.1% to close at $424.52.
The raised price target and positive rating reflect strong confidence in Microsoft's growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100