Apple To Rally Over 14%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major companies, including Apple, Amazon, and Nike. Notable changes include price target adjustments and rating updates, which could impact stock prices in the short term.
June 21, 2024 | 12:52 pm
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POSITIVE IMPACT
Bernstein raised Apple Inc.'s price target from $195 to $240, maintaining an Outperform rating. Apple shares fell 2.2% to close at $209.68.
The significant price target increase and Outperform rating suggest a positive outlook, despite the recent share price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird boosted the price target for Amazon.com from $210 to $213, maintaining an Outperform rating. Amazon shares gained 1.8% to close at $186.10.
The price target increase and share price gain indicate a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel slashed Darden Restaurants' price target from $190 to $180, maintaining a Buy rating. Darden shares gained 1.5% to close at $154.29.
The price target cut is offset by the Buy rating and share price gain, indicating a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Oppenheimer boosted NIKE, Inc.'s price target from $110 to $120, upgrading the stock from Perform to Outperform. NIKE shares rose 0.8% to close at $95.57.
The price target increase and upgrade to Outperform, along with the share price gain, indicate a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RBC Capital increased Sarepta Therapeutics' price target from $142 to $182, maintaining a Sector Perform rating. Sarepta shares gained 5.1% to close at $123.50.
The significant price target increase and share price gain suggest a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Piper Sandler cut the price target for Align Technology from $375 to $330, maintaining an Overweight rating. Align shares rose 0.2% to close at $242.61.
The price target cut suggests some caution, but the Overweight rating and slight share price increase indicate a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
UBS lowered Jabil Inc.'s price target from $130 to $120, maintaining a Neutral rating. Jabil shares fell 11.4% to close at $111.79.
The significant price target cut and share price drop suggest a bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
JP Morgan cut The Kroger Co.'s price target from $60 to $58, maintaining an Overweight rating. Kroger shares fell 3.3% to close at $50.28.
The price target cut and share price decline suggest a negative short-term outlook despite the Overweight rating.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
BMO Capital slashed the price target for Winnebago Industries from $80 to $75, maintaining an Outperform rating. Winnebago shares fell 3.5% to close at $54.69.
The price target cut and share price decline indicate a negative short-term outlook despite the Outperform rating.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Wells Fargo cut the price target for Zoom Video Communications from $60 to $55, maintaining an Underweight rating. Despite this, Zoom shares gained 3.7% to close at $58.31.
The price target cut and Underweight rating suggest a bearish outlook, but the recent share price gain indicates mixed market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80