Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Notable changes include JP Morgan's price target cut for Nucor Corporation, Needham's price target increase for PAR Technology, and Baird's significant price target boost for First Solar. Other companies affected include Darden Restaurants, Oculis Holding, Targa Resources, Freshpet, Vertex Pharmaceuticals, Western Digital, and Alphabet.

June 11, 2024 | 12:53 pm
News sentiment analysis
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POSITIVE IMPACT
Benchmark boosted the price target for Freshpet from $125 to $150, maintaining a Buy rating. Freshpet shares gained 2.3% to close at $129.93.
The increased price target and Buy rating indicate positive sentiment, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird raised the price target for First Solar from $246 to $344, maintaining an Outperform rating. First Solar shares rose 4.7% to close at $279.80.
The significant increase in the price target and the Outperform rating are strong positive signals, likely driving the stock price higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group boosted Alphabet's price target from $220 to $225, maintaining an Outperform rating. Alphabet shares rose 0.4% to close at $175.01.
The increased price target and Outperform rating indicate positive sentiment, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
HC Wainwright & Co. raised Oculis Holding's price target from $28 to $30, maintaining a Buy rating. Oculis Holding shares rose 0.3% to close at $12.00.
The modest increase in the price target and the Buy rating suggest a positive outlook, likely providing a slight boost to the stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Needham increased the price target for PAR Technology from $53 to $57, maintaining a Buy rating. PAR Technology shares gained 6.1% to close at $45.57.
The increased price target and Buy rating indicate positive sentiment, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
UBS boosted Targa Resources' price target from $116 to $147, maintaining a Buy rating. Targa Resources shares rose 1.6% to close at $119.91.
The increased price target and Buy rating indicate positive sentiment, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Susquehanna increased Western Digital's price target from $80 to $88, maintaining a Neutral rating. Western Digital shares rose 2.8% to close at $77.10.
The increased price target, despite the Neutral rating, suggests some positive sentiment, likely providing a boost to the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
RBC Capital cut Vertex Pharmaceuticals' price target from $424 to $421, maintaining a Sector Perform rating. Vertex Pharmaceuticals shares rose 0.1% to close at $483.28.
The slight reduction in the price target and the Sector Perform rating suggest a neutral outlook, likely having minimal impact on the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Wedbush slashed Darden Restaurants' price target from $181 to $170, maintaining an Outperform rating. Darden shares fell 0.6% to close at $147.68.
Despite the Outperform rating, the reduced price target may cause some investor concern, leading to a slight negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan slashed the price target for Nucor Corporation from $190 to $180, maintaining a Neutral rating. Nucor shares fell 2.3% to close at $157.31.
The price target cut and the Neutral rating suggest a lack of confidence in Nucor's short-term performance, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100