Micron To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Accenture, Toll Brothers, Zeta Global, Greif, Monster Beverage, Micron Technology, Oracle, Keurig Dr Pepper, NIKE, and Best Buy. These updates include both price target changes and rating adjustments.
June 17, 2024 | 12:36 pm
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NEGATIVE IMPACT
Piper Sandler cut the price target for Accenture from $379 to $320 but maintained a Neutral rating. Accenture shares gained 1.5% to close at $286.71 on Friday.
The price target cut suggests a less optimistic outlook, which could negatively impact investor sentiment despite the recent share price gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stifel slashed Monster Beverage's price target from $63 to $57 but maintained a Buy rating. Shares fell 1.4% to close at $48.03 on Friday.
The significant price target cut suggests a less optimistic outlook, which could negatively impact investor sentiment despite the Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley cut NIKE's price target from $116 to $114 but maintained an Overweight rating. Shares fell 0.8% to close at $93.39 on Friday.
The price target cut suggests a less optimistic outlook, which could negatively impact investor sentiment despite the Overweight rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS boosted Best Buy's price target from $85 to $106 and upgraded the stock from Neutral to Buy. Shares fell 0.6% to close at $87.21 on Friday.
The upgrade and increased price target indicate a more positive outlook, which could boost investor confidence despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities increased Greif's price target from $76 to $77 and upgraded the stock from Neutral to Buy. Shares fell 0.7% to close at $60.73 on Friday.
The upgrade and increased price target indicate a more favorable outlook, which could positively impact investor sentiment despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Truist Securities increased Keurig Dr Pepper's price target from $27 to $34 and upgraded the stock from Sell to Hold. Shares fell 0.1% to close at $34.04 on Friday.
The upgrade and increased price target suggest a more favorable outlook, which could positively impact investor sentiment despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Susquehanna boosted Micron Technology's price target from $143 to $185 and maintained a Positive rating. Shares fell 1.2% to close at $141.36 on Friday.
The increased price target and Positive rating suggest strong future performance, which could attract investors despite the recent share price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho boosted Oracle's price target from $160 to $170 and maintained a Buy rating. Shares fell 1.2% to close at $138.13 on Friday.
The increased price target and Buy rating indicate a positive outlook, which could boost investor confidence despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs raised the price target for Toll Brothers from $112 to $124 and upgraded the stock from Sell to Neutral. Shares fell 1.2% to close at $119.32 on Friday.
The upgrade and increased price target indicate a more positive outlook, which could boost investor confidence despite the recent share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased Zeta Global's price target from $18 to $20 and maintained a Buy rating. Shares fell 2.4% to close at $16.04 on Friday.
The increased price target and Buy rating suggest strong future performance, which could attract investors despite the recent share price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80