This Cloudflare Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Marqeta, C.H. Robinson Worldwide, Ball Corporation, Cloudflare, and Credo Technology Group. These upgrades reflect positive outlooks and increased price targets for the respective stocks.
June 25, 2024 | 12:13 pm
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POSITIVE IMPACT
Truist Securities upgraded Ball Corporation from Hold to Buy and increased the price target from $67 to $76. Shares rose 1.5% to $61.58.
The upgrade to Buy and the higher price target indicate a positive outlook for Ball Corporation, likely leading to increased investor interest and a short-term price rise.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI Group upgraded C.H. Robinson Worldwide from In-Line to Outperform and raised the price target from $82 to $99. Shares gained 2% to close at $88.49.
The upgrade to Outperform and the increased price target suggest strong future performance for C.H. Robinson, likely boosting investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
TD Cowen upgraded Credo Technology from Hold to Buy and raised the price target from $24 to $35. Shares fell 0.7% to $27.29.
The upgrade to Buy and the significantly higher price target indicate strong future potential for Credo Technology, likely attracting investor interest and boosting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo upgraded Marqeta from Equal-Weight to Overweight with a price target of $7. Marqeta shares gained 0.6% to close at $5.30.
The upgrade from Wells Fargo and the maintained price target of $7 indicate a positive outlook for Marqeta, likely leading to increased investor confidence and a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS upgraded Cloudflare from Sell to Neutral and raised the price target from $76 to $82. Shares gained 0.9% to close at $78.60.
The upgrade from Sell to Neutral and the increased price target suggest a more balanced outlook for Cloudflare, likely stabilizing its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80