Micron To Rally Around 23%? 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 Micron Technology, Kroger, Royal Caribbean Cruises, Sarepta Therapeutics, argenx, HEICO, CarMax, Sirius XM, Planet Fitness, and AvalonBay Communities. These updates include both price target changes and rating adjustments.
June 24, 2024 | 12:25 pm
News sentiment analysis
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POSITIVE IMPACT
Wells Fargo boosted argenx's price target from $478 to $542, maintaining an Overweight rating. Shares rose 1.7% to close at $394.47 on Friday.
An increased price target and maintained Overweight rating suggest positive sentiment, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised HEICO's price target from $220 to $250, maintaining a Buy rating. Shares gained 0.4% to close at $227.26 on Friday.
An increased price target and maintained Buy rating suggest positive sentiment, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird boosted Micron's price target from $150 to $172, maintaining an Outperform rating. Shares fell 3.2% to close at $139.54 on Friday.
Despite a price target increase and Outperform rating, the recent share price drop may indicate short-term volatility. However, the overall sentiment remains positive.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TD Cowen raised Planet Fitness's price target from $66 to $92, upgrading the stock from Hold to Buy. Shares fell 0.4% to close at $72.73 on Friday.
An increased price target and upgraded rating suggest positive sentiment, despite the slight share price drop. Likely positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan raised the price target for Royal Caribbean Cruises from $173 to $175, maintaining an Overweight rating. Shares rose 0.6% to close at $151.12 on Friday.
An increased price target and maintained Overweight rating suggest positive sentiment, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BMO Capital boosted Sarepta Therapeutics' price target from $170 to $200, maintaining an Outperform rating. Shares jumped 30.1% to close at $160.72 on Friday.
A significant price target increase and strong Outperform rating, coupled with a substantial share price jump, indicate strong positive sentiment and likely continued short-term gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Truist Securities boosted AvalonBay Communities' price target from $207 to $213, maintaining a Hold rating. Shares rose 1% to close at $203.89 on Friday.
A price target increase but maintained Hold rating suggests neutral sentiment. The share price gain indicates a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Needham cut CarMax's price target from $91 to $87, maintaining a Buy rating. Shares gained 0.4% to close at $71.63 on Friday.
A price target cut but maintained Buy rating suggests mixed sentiment. The slight share price gain indicates neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Evercore ISI Group cut Sirius XM's price target from $4.25 to $3.25, upgrading the stock from Underperform to In-Line. Shares gained 1% to close at $2.93 on Friday.
A price target cut but an upgrade in rating suggests mixed sentiment. The share price gain indicates a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley cut the price target for Kroger from $58 to $57, maintaining an Equal-Weight rating. Kroger shares fell 0.1% to close at $50.21 on Friday.
A price target cut typically signals a less optimistic outlook, which can negatively impact investor sentiment and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80