Tesla To Rally Around 30%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major stocks, including Tesla, On Holding, NIKE, Reliance, Summit Materials, First Solar, Lululemon, First Foundation, Charter Communications, and Walgreens Boots Alliance. These changes could impact the short-term stock prices of these companies.
July 03, 2024 | 1:17 pm
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NEGATIVE IMPACT
Citigroup cut Charter Communications' price target from $280 to $255, downgrading the stock from Neutral to Sell. Shares gained 2.5% to $303.50.
The downgrade to Sell and price target cut suggest potential downside, despite the share price gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Baird cut the price target for Lululemon from $505 to $470, maintaining an Outperform rating. Shares fell 0.2% to $301.67.
The price target cut suggests potential downside, despite the Outperform rating, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Deutsche Bank cut the price target for NIKE from $115 to $92, maintaining a Buy rating. Shares fell 1% to $76.04.
The price target cut suggests potential downside, despite the Buy rating, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stifel slashed Summit Materials' price target from $55 to $47, maintaining a Buy rating. Shares fell 0.1% to $35.61.
The significant price target cut suggests potential downside, despite the Buy rating, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
UBS cut Walgreens Boots Alliance's price target from $17 to $12, maintaining a Neutral rating. Shares fell 0.1% to $11.57.
The significant price target cut suggests potential downside, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Keybanc cut the price target for Reliance from $341 to $325, maintaining an Overweight rating. Shares gained 1% to $282.84.
The price target cut is offset by the Overweight rating and share price gain, suggesting a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DA Davidson raised First Foundation's price target from $8 to $9, upgrading the stock from Neutral to Buy. Shares gained 1.6% to $6.57.
The price target increase and upgrade to Buy suggest positive momentum, leading to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Susquehanna raised First Solar's price target from $258 to $285, maintaining a Positive rating. Shares fell 2.7% to $216.73.
Despite the share price drop, the significant price target increase suggests potential for a rebound.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs raised the price target for On Holding AG from $41 to $47, maintaining a Buy rating. Shares fell 2.1% to $37.22.
Despite the price target increase, the stock fell, indicating potential for a rebound as the new target suggests upside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wedbush raised Tesla's price target from $275 to $300, maintaining an Outperform rating. Shares gained 10.2% to $231.26.
The significant price target increase and positive rating led to a strong share price gain, indicating continued upward momentum.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90