NVIDIA To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks. Notable changes include downgrades for Lennar Corporation, Chuy’s Holdings, Comerica Incorporated, and Redwire Corporation, while NVIDIA Corporation and International Flavors & Fragrances Inc. received upgraded price targets. The S&P 500 logged its worst weekly decline since April, reflecting decreased investor optimism.
July 22, 2024 | 1:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JP Morgan upgraded Abercrombie & Fitch Co. from Neutral to Overweight and increased the price target from $167 to $194. Abercrombie & Fitch shares gained 1% to close at $158.51 on Friday.
The upgrade to Overweight and the increased price target by JP Morgan are positive indicators for Abercrombie & Fitch, suggesting potential for a price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Baird upgraded Henry Schein, Inc. from Neutral to Outperform and raised the price target from $81 to $92. Henry Schein shares fell 0.5% to close at $70.34 on Friday.
The upgrade to Outperform and the increased price target by Baird are positive indicators for Henry Schein, suggesting potential for a price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel upgraded International Flavors & Fragrances Inc. from Hold to Buy and raised the price target from $95 to $115. International Flavors shares fell 1% to close at $95.67 on Friday.
The upgrade to Buy and the increased price target by Stifel are positive indicators for International Flavors & Fragrances, suggesting potential for a price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Piper Sandler increased the price target for NVIDIA Corporation from $120 to $140 and maintained an Overweight rating. NVIDIA shares fell 2.6% to close at $117.93 on Friday.
The increased price target and maintained Overweight rating by Piper Sandler are positive indicators for NVIDIA, suggesting potential for a price rally.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley maintained an Overweight rating for Alaska Air Group, Inc. but cut the price target from $75 to $70. Alaska Air shares gained 1.8% to close at $37.93 on Friday.
The maintained Overweight rating offsets the negative impact of the reduced price target, resulting in a neutral short-term outlook for Alaska Air Group.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Deutsche Bank maintained a Buy rating for Domino’s Pizza, Inc. but cut the price target from $580 to $500. Domino’s shares fell 1.2% to close at $404.17 on Friday.
The maintained Buy rating offsets the negative impact of the reduced price target, resulting in a neutral short-term outlook for Domino’s Pizza.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
B. Riley Securities downgraded Redwire Corporation from Buy to Neutral but increased the price target from $6 to $8. Redwire shares fell 0.9% to close at $6.98 on Friday.
The downgrade to Neutral offsets the positive impact of the increased price target, resulting in a neutral short-term outlook for Redwire Corporation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Wedbush downgraded Chuy’s Holdings from Outperform to Neutral and cut the price target from $38 to $37.5. Chuy’s shares fell 0.7% to close at $37.08 on Friday.
The downgrade and reduced price target by Wedbush are likely to negatively impact Chuy’s Holdings' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Truist Securities downgraded Comerica Incorporated from Buy to Hold and decreased the price target from $55 to $53. Comerica shares fell 10.5% to close at $50.42 on Friday.
The downgrade from Buy to Hold and the reduced price target by Truist Securities are likely to significantly impact Comerica's stock price negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Goldman Sachs downgraded Lennar Corporation from Buy to Neutral and cut the price target from $180 to $174. Lennar shares gained 0.5% to close at $170.94 on Friday.
The downgrade from Buy to Neutral by Goldman Sachs and the reduced price target are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90