Microsoft To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Microsoft, e.l.f. Beauty, Synchrony Financial, Johnson & Johnson, Toast, Palo Alto Networks, The Gap, V.F. Corporation, DraftKings, and Leslie’s. These updates include both upgrades and downgrades, as well as changes in price targets.
July 18, 2024 | 12:36 pm
News sentiment analysis
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NEGATIVE IMPACT
Truist Securities maintained a Buy rating on DraftKings but slashed the price target from $55 to $53. Shares fell 3.7% to close at $38.35.
The maintained Buy rating suggests long-term confidence, but the reduced price target and recent share price decline indicate short-term challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler maintained a Neutral rating on Leslie’s but slashed the price target from $6 to $3. Shares fell 0.2% to close at $4.08.
The maintained Neutral rating and significantly reduced price target suggest a negative outlook, which is reflected in the minor share price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Redburn Atlantic downgraded Palo Alto Networks from Buy to Neutral and cut the price target from $350 to $325. Shares fell 1.9% to close at $332.14.
The downgrade and reduced price target suggest a negative outlook, which is reflected in the recent decline in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird upgraded e.l.f. Beauty from Neutral to Outperform and increased the price target from $210 to $230. Despite this, shares declined 9.7% to close at $170.70.
The upgrade and increased price target suggest positive future performance, but the recent decline in share price may indicate short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley upgraded The Gap from Equal-Weight to Overweight and increased the price target from $27 to $29. Shares fell 4.6% to close at $22.95.
The upgrade and increased price target suggest a positive future outlook, but the recent decline in share price may indicate short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised the price target for Johnson & Johnson from $167 to $169, maintaining an Equal-Weight rating. Shares gained 3.7% to close at $156.58.
The slight increase in price target and share price gain suggest a modestly positive outlook, though the Equal-Weight rating indicates balanced risks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TD Cowen maintained a Buy rating on Microsoft and raised the price target from $470 to $495. Shares fell 1.3% to close at $443.52.
The maintained Buy rating and increased price target suggest a strong positive outlook, despite the recent minor decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
B of A Securities increased the price target for Synchrony Financial from $51 to $56, maintaining a Neutral rating. Shares gained 1% to close at $52.22.
The increased price target and slight share price gain indicate a positive outlook, though the Neutral rating suggests limited upside.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mizuho upgraded Toast from Neutral to Outperform and increased the price target from $21 to $33. Shares fell 2.5% to close at $26.62.
The upgrade and increased price target suggest a positive future outlook, but the recent decline in share price may indicate short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded V.F. Corporation from Neutral to Buy and increased the price target from $11 to $20. Shares rose 13.6% to close at $16.15.
The upgrade and significantly increased price target suggest a strong positive outlook, which is reflected in the substantial share price gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80