NVIDIA To Rally More Than 33%? 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. Notable changes include Piper Sandler cutting Adobe's price target, Needham slashing KalVista Pharmaceuticals' target, Baird lowering Visteon's target, Deutsche Bank increasing Block's target, Goldman Sachs boosting Amylyx Pharmaceuticals' target, Bernstein cutting Delta Air Lines' target, Benchmark increasing NVIDIA's target, TD Cowen raising Costco's target, Mizuho boosting Tesla's target, and Oppenheimer raising NXP Semiconductors' target.
July 15, 2024 | 12:18 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler cut Adobe's price target from $700 to $635 while maintaining an Overweight rating. Adobe shares fell 1.2% to $557.63.
The reduction in price target by Piper Sandler suggests a less optimistic outlook, which likely contributed to the 1.2% drop in Adobe's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bernstein cut Delta Air Lines' price target from $66 to $62 while maintaining an Outperform rating. Shares fell 4% to $44.99.
The reduction in price target by Bernstein likely contributed to the 4% decline in Delta's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham slashed KalVista Pharmaceuticals' price target from $35 to $32 while maintaining a Buy rating. Shares fell 0.6% to $12.50.
The reduction in price target by Needham indicates a slightly less bullish outlook, contributing to the 0.6% decline in share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Goldman Sachs boosted Amylyx Pharmaceuticals' price target from $3 to $4 while maintaining a Neutral rating. Shares gained 10.1% to $2.28.
The increased price target from Goldman Sachs likely contributed to the significant 10.1% rise in Amylyx's share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TD Cowen raised Costco's price target from $850 to $925 while maintaining a Buy rating. Shares fell 4.3% to $846.59.
The increased price target and Buy rating from TD Cowen suggest a positive outlook, despite the 4.3% decline in Costco's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Benchmark increased NVIDIA's price target from $135 to $170 while maintaining a Buy rating. Shares fell 5.6% to $127.40.
Despite the increased price target and Buy rating, NVIDIA's shares fell, possibly due to broader market conditions or profit-taking.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Oppenheimer raised NXP Semiconductors' price target from $295 to $330 while maintaining an Outperform rating. Shares fell 2.8% to $274.58.
The increased price target and Outperform rating from Oppenheimer suggest a positive outlook, despite the 2.8% decline in NXP's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank increased Block's price target from $90 to $98 while maintaining a Buy rating. Shares gained 3.3% to $66.49.
The increased price target and maintained Buy rating from Deutsche Bank likely contributed to the 3.3% rise in Block's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho boosted Tesla's price target from $180 to $230 while maintaining a Neutral rating. Shares fell 8.4% to $241.03.
The increased price target from Mizuho suggests a more positive outlook, although the Neutral rating and broader market conditions may have contributed to the 8.4% decline in Tesla's share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Baird lowered Visteon's price target from $137 to $120 and downgraded the stock from Outperform to Neutral. Shares gained 3.5% to $108.72.
Despite the downgrade and lower price target, Visteon's shares gained, possibly due to market factors or investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70