Ball To Rally More Than 23%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several stocks, including Sea Limited, Birkenstock Holding, Credo Technology, Cloudflare, G1 Therapeutics, Capri Holdings, C.H. Robinson Worldwide, Etsy, Regulus Therapeutics, and Ball Corporation. These updates include both upgrades and downgrades, with changes in price targets and ratings.
June 25, 2024 | 11:27 am
News sentiment analysis
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POSITIVE IMPACT
Truist Securities upgraded Ball Corporation from Hold to Buy and boosted the price target from $67 to $76.
The upgrade to Buy and significant increase in price target indicate strong positive sentiment, likely leading to upward pressure on Ball Corporation's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group upgraded C.H. Robinson Worldwide from In-Line to Outperform and raised the price target from $82 to $99.
The upgrade to Outperform and significant increase in price target indicate strong positive sentiment, likely leading to upward pressure on C.H. Robinson's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo upgraded Capri Holdings from Equal-Weight to Overweight but lowered the price target from $57 to $43.
The upgrade to Overweight suggests positive sentiment, but the lowered price target indicates some caution. Overall, this is likely to have a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
TD Cowen upgraded Credo Technology from Hold to Buy and boosted the price target from $24 to $35.
The upgrade to Buy and significant increase in price target indicate strong positive sentiment, likely leading to upward pressure on Credo Technology's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
UBS upgraded Cloudflare from Sell to Neutral and raised the price target from $76 to $82.
The upgrade from Sell to Neutral and the increase in price target suggest improved sentiment, likely leading to a positive short-term impact on Cloudflare's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HC Wainwright & Co. raised Regulus Therapeutics' price target from $9 to $10 and maintained a Buy rating.
The increase in price target and maintained Buy rating suggest positive sentiment, likely leading to upward pressure on Regulus Therapeutics' stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley raised the price target for Birkenstock Holding from $44 to $58 but maintained an Equal-Weight rating.
While the price target increase is positive, the maintained Equal-Weight rating suggests a balanced outlook, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo maintained an Underweight rating on Etsy and cut the price target from $58 to $56.
The maintained Underweight rating and reduced price target suggest negative sentiment, likely leading to downward pressure on Etsy's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Needham cut G1 Therapeutics' price target from $12 to $6 but maintained a Buy rating.
The significant reduction in price target despite maintaining a Buy rating suggests concerns about the company's near-term prospects, likely leading to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan downgraded Sea Limited from Overweight to Neutral and cut the price target from $84 to $78.
The downgrade from Overweight to Neutral and the reduction in price target suggest a less optimistic outlook for Sea Limited, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100