This Analyst With 86% Accuracy Rate Sees Around 16% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts with high accuracy rates have made recent stock picks, including Coinbase, Alphabet, Perdoceo Education, Chipotle, and McDonald's. These analysts have provided updated ratings and price targets, indicating potential short-term movements in these stocks.
July 22, 2024 | 11:58 am
News sentiment analysis
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NEUTRAL IMPACT
Piper Sandler's Brian Mullan maintained a Neutral rating on Chipotle and cut the price target to $60, indicating a 12% potential gain. Chipotle will discuss Q2 results on July 24.
The Neutral rating and reduced price target suggest limited upside, but the upcoming earnings call could provide more clarity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Needham's John Todaro reiterated a Buy rating on Coinbase with a price target of $260, indicating a 1% potential increase. Coinbase is expected to report Q2 2024 financial results on Aug. 1, 2024.
The Buy rating and upcoming earnings report could generate positive sentiment and a slight price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities' Justin Post maintained a Buy rating on Alphabet and increased the price target to $206, indicating a 16% potential upside. Google revealed its upcoming Pixel 9 smartphones.
The increased price target and new product reveal could drive significant investor interest and price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank's Lauren Silberman maintained a Buy rating on McDonald's and cut the price target to $295, indicating a 15% potential upside. McDonald's announced a new $5 meal deal to attract customers.
The Buy rating and new marketing strategy could attract investors and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Barrington Research's Alexander Paris maintained an Outperform rating on Perdoceo Education and raised the price target to $27, indicating a 15% potential upside. Perdoceo will report Q2 2024 results on July 31.
The Outperform rating and upcoming earnings report could lead to positive sentiment and a price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100