Netflix To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Atlassian, Universal Display, First Solar, CrowdStrike, Spotify, Costco, Deere, Walgreens, Netflix, and Advance Auto Parts. These updates include both price target increases and decreases, as well as rating changes.
July 02, 2024 | 5:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Baird slashed First Solar's price target from $344 to $307 but maintained an Outperform rating. Shares fell 2.6% to close at $217.00.
The significant reduction in the price target is likely to negatively impact investor sentiment, leading to short-term price declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RBC Capital cut Walgreens' price target from $22 to $13 and maintained a Sector Perform rating. Shares fell 0.5% to close at $11.52.
The significant reduction in the price target is likely to negatively impact investor sentiment, leading to short-term price declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Evercore ISI Group cut Advance Auto Parts' price target from $73 to $70 and maintained an In-Line rating. Shares gained 0.8% to close at $60.20.
The reduced price target may temper investor enthusiasm, but the maintained In-Line rating suggests continued confidence in the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Truist Securities cut Deere's price target from $460 to $439 but maintained a Buy rating. Shares gained 0.5% to close at $362.70.
The reduced price target may temper investor enthusiasm, but the maintained Buy rating suggests continued confidence in the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel raised Costco's price target from $850 to $900 and maintained a Buy rating. Shares gained 1.4% to close at $857.89.
The increased price target and maintained Buy rating are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc boosted CrowdStrike's price target from $380 to $440 and maintained an Overweight rating. Shares fell 1.8% to close at $384.77.
Despite the short-term decline, the increased price target and maintained Overweight rating indicate positive long-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Argus Research raised Netflix's price target from $660 to $767 and maintained a Buy rating. Shares gained 0.5% to close at $677.19.
The increased price target and maintained Buy rating are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased Universal Display's price target from $198 to $242 and maintained a Buy rating. Shares gained 2.1% to close at $212.98.
The increased price target and maintained Buy rating suggest strong future performance, likely leading to short-term price gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised Spotify's price target from $370 to $380 and maintained a Buy rating. Shares fell 0.6% to close at $312.12.
The raised price target and maintained Buy rating suggest positive future performance, likely leading to short-term price gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised Atlassian's price target from $200 to $225 and upgraded the stock from Neutral to Overweight. Shares gained 2.4% to close at $182.57.
The upgrade and increased price target from a reputable analyst firm are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80