Apple To Rally More Than 18%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies, including Apple, Netflix, and Taiwan Semiconductor Manufacturing. Notable changes include Morgan Stanley raising Apple's price target to $273 and Needham boosting Taiwan Semiconductor's target to $210.
July 15, 2024 | 12:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Keybanc slashed The Middleby Corporation's price target from $175 to $160 but maintained an Overweight rating. MIDD shares rose 0.3% to close at $125.50 on Friday.
The reduction in price target suggests a less optimistic outlook, which could negatively impact investor sentiment despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler cut the price target for Schlumberger Limited from $71 to $66 but maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday.
The reduction in price target suggests a less optimistic outlook, which could negatively impact investor sentiment despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen slashed The Travelers Companies' price target from $252 to $230 and downgraded the stock from Buy to Hold. TRV shares rose 1.3% to close at $211.60 on Friday.
The downgrade and reduced price target suggest a less optimistic outlook, which could negatively impact investor sentiment despite the recent share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised Apple's price target from $216 to $273 and maintained an Overweight rating. AAPL shares gained 1.3% to close at $230.54 on Friday.
The significant increase in price target and maintained Overweight rating indicate strong future performance expectations, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Benchmark boosted Axcelis Technologies' price target from $170 to $180 and maintained a Buy rating. ACLS shares gained 2.9% to close at $148.74 on Friday.
The increased price target and maintained Buy rating suggest strong future performance, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird increased Carrier Global's price target from $64 to $75 and upgraded the stock from Neutral to Outperform. CARR shares fell 0.6% to close at $66.00 on Friday.
The upgrade to Outperform and increased price target indicate a positive outlook, which could attract more investors despite the recent share price dip.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley increased the price target for Netflix from $700 to $780 and maintained an Overweight rating. NFLX shares fell 0.8% to close at $647.60 on Friday.
The higher price target and maintained Overweight rating suggest positive long-term prospects, despite the short-term share price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
RBC Capital raised TD SYNNEX's price target from $135 to $140 and upgraded the stock from Sector Perform to Outperform. SNX shares fell 0.1% to close at $112.50 on Friday.
The upgrade to Outperform and increased price target indicate a positive outlook, which could attract more investors despite the recent share price dip.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham boosted the price target for Taiwan Semiconductor Manufacturing from $168 to $210 and maintained a Buy rating. TSM shares gained 1.5% to close at $187.35 on Friday.
The increased price target and maintained Buy rating suggest strong future performance, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer boosted the price target for The Trade Desk from $105 to $120 and maintained an Outperform rating. TTD shares gained 0.9% to close at $99.44 on Friday.
The increased price target and maintained Outperform rating indicate strong future performance expectations, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80