Micron To Rally Over 12%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including General Mills, Hut 8, Veeco Instruments, Palo Alto Networks, Micron Technology, Goldman Sachs, Grindr, SolarEdge Technologies, TD SYNNEX, and Paychex. Notable changes include price target adjustments and maintained ratings.
June 27, 2024 | 1:04 pm
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NEGATIVE IMPACT
Stifel cut the price target for General Mills from $77 to $70, maintaining a Buy rating. Shares fell 4.6% to $64.17.
The price target cut and the subsequent 4.6% drop in share price indicate a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities raised Paychex's price target from $111 to $113, maintaining an Underperform rating. Shares fell 6.1% to $117.39.
Despite the price target increase, the 6.1% drop in share price indicates a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs cut SolarEdge Technologies' price target from $49 to $25, maintaining a Sell rating. Shares fell 5.3% to $24.99.
The price target cut and the 5.3% drop in share price indicate a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Keefe, Bruyette & Woods raised Goldman Sachs' price target from $485 to $520, maintaining an Outperform rating. Shares fell 0.3% to $455.86.
Despite the price target increase, the 0.3% drop in share price suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities lowered TD SYNNEX's price target from $135 to $132, maintaining a Buy rating. Shares fell 0.7% to $116.12.
The price target decrease and the 0.7% drop in share price suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Oppenheimer boosted Veeco Instruments' price target from $45 to $55, maintaining an Outperform rating. Shares fell 1.1% to $45.83.
Despite the price target increase, the 1.1% drop in share price suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
JMP Securities raised the price target for Grindr from $14 to $17, maintaining a Market Outperform rating. Shares gained 15.3% to $11.82.
The price target increase and the significant 15.3% rise in share price indicate a strong positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canaccord Genuity raised the price target for Hut 8 from $14 to $22, maintaining a Buy rating. Shares gained 4.8% to $15.32.
The price target increase and the 4.8% rise in share price suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised Micron Technology's price target from $150 to $160, maintaining an Overweight rating. Shares gained 0.9% to $142.36.
The price target increase and the 0.9% rise in share price suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Baird boosted the price target for Palo Alto Networks from $340 to $360, maintaining an Outperform rating. Shares gained 0.8% to $325.26.
The price target increase and the 0.8% rise in share price indicate a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100