Uber To Rally Around 38%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies. Notable changes include Piper Sandler raising Oracle's price target, Telsey Advisory Group cutting Academy Sports' price target, and Citigroup increasing Uber's price target. Other companies affected include Ciena, Autodesk, McCormick, Mereo BioPharma, NetApp, NICE Ltd., and Darden Restaurants.
June 12, 2024 | 12:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Barclays cut Autodesk's price target from $310 to $275, maintaining an Overweight rating. Shares fell 3.1% to $211.50.
The reduction in price target and significant share price drop indicate negative sentiment, likely to impact short-term investor confidence.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Telsey Advisory Group cut Academy Sports' price target from $75 to $65, maintaining an Outperform rating. Shares fell 3.2% to $51.69.
The reduction in price target and significant share price drop indicate negative sentiment, likely to impact short-term investor confidence.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Morgan Stanley cut Darden Restaurants' price target from $180 to $175, maintaining an Overweight rating. Shares fell 0.7% to $146.61.
The reduction in price target and share price drop indicate negative sentiment, likely to impact short-term investor confidence.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Rosenblatt cut NICE Ltd.'s price target from $285 to $225, maintaining a Buy rating. Shares fell 0.1% to $174.94.
The reduction in price target and slight share price drop indicate negative sentiment, likely to impact short-term investor confidence.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Morgan Stanley raised Ciena's price target from $53 to $55 and upgraded the stock from Equal-Weight to Overweight. Shares rose 0.2% to $45.92.
The upgrade to Overweight and increased price target suggest strong positive sentiment, likely to attract more investors.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Citigroup raised McCormick's price target from $68 to $69 and upgraded the stock from Sell to Neutral. Shares rose 1.6% to $69.20.
The upgrade to Neutral and increased price target suggest improved sentiment, likely to attract more investors.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Needham boosted Mereo BioPharma's price target from $6 to $7, maintaining a Buy rating. Shares rose 1.4% to $3.52.
The increased price target and maintained Buy rating suggest positive sentiment, likely to attract more investors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Wells Fargo boosted NetApp's price target from $120 to $135, maintaining an Equal-Weight rating. Shares gained 2.1% to $125.47.
The increased price target and share price gain suggest positive sentiment, likely to attract more investors.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Piper Sandler raised Oracle's price target from $140 to $150, maintaining an Overweight rating. Oracle shares fell 0.5% to $123.88.
The increase in price target and maintained Overweight rating suggest positive sentiment, likely to boost investor confidence despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup raised Uber's price target from $93 to $96, maintaining a Buy rating. Shares rose 1.4% to $69.59.
The increased price target and maintained Buy rating suggest strong positive sentiment, likely to attract more investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80