Apple To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies, including Apple, Aflac, Nike, Marsh & McLennan, Chewy, Rivian Automotive, SAP, Accolade, Baldwin Insurance, and Dollar General. These changes reflect varying outlooks on the companies' future performance.
June 28, 2024 | 1:33 pm
News sentiment analysis
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NEGATIVE IMPACT
Needham cut Accolade's price target from $13 to $8, maintaining a Buy rating. Accolade shares gained 4.2% to $6.39.
The significant reduction in price target indicates a bearish outlook, which may negatively impact investor sentiment despite the recent share price gain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Truist Securities slashed the price target for Nike from $99 to $81, maintaining a Hold rating. Nike shares gained 0.1% to $94.19.
The significant reduction in price target indicates a bearish outlook, which may negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer raised Apple's price target from $200 to $250, maintaining an Outperform rating. Apple shares gained 0.4% to $214.10.
The significant increase in price target and maintained Outperform rating suggest a very positive outlook, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler raised the price target for Aflac from $95 to $100, maintaining an Overweight rating. Aflac shares fell 0.1% to $89.16.
The increase in price target and maintained Overweight rating suggest a positive outlook, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keefe, Bruyette & Woods raised Baldwin Insurance's price target from $34 to $40, maintaining an Outperform rating. Baldwin Insurance shares gained 0.1% to $35.01.
The increase in price target and maintained Outperform rating suggest a positive outlook, likely boosting investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Guggenheim boosted Chewy's price target from $25 to $32, maintaining a Buy rating. Chewy shares fell 0.3% to $29.05.
The increase in price target and maintained Buy rating suggest a positive outlook, likely boosting investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Loop Capital raised Dollar General's price target from $135 to $140, maintaining a Hold rating. Dollar General shares gained 1% to $130.28.
The increase in price target suggests a positive outlook, which may slightly boost investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
RBC Capital boosted Marsh & McLennan's price target from $210 to $228, maintaining a Sector Perform rating. Shares rose 0.1% to $210.94.
The increase in price target suggests a positive outlook, which may slightly boost investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Needham raised Rivian Automotive's price target from $13 to $20, maintaining a Buy rating. Rivian shares fell 1.8% to $14.47.
The increase in price target and maintained Buy rating suggest a positive outlook, despite the recent share price drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BMO Capital raised SAP's price target from $218 to $237, upgrading the stock from Market Perform to Outperform. SAP shares gained 1.1% to $200.75.
The increase in price target and upgrade to Outperform suggest a very positive outlook, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80