Lockheed Martin To Rally Over 14%? 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 US-listed companies. Notable changes include upgrades for Lockheed Martin and AbbVie, and downgrades for Coursera and Rambus.
July 26, 2024 | 2:27 pm
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NEGATIVE IMPACT
Goldman Sachs cut Coursera's price target from $10.5 to $9, maintaining a Sell rating. Despite this, Coursera shares gained 50% to trade at $11.12.
Despite the price target cut and Sell rating, the significant share price increase suggests market volatility and potential short-term correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler cut Dow Inc.'s price target from $68 to $64, maintaining an Overweight rating. Dow shares fell 0.1% to trade at $52.80.
The reduced price target suggests a less optimistic outlook, which may lead to short-term stock price declines despite the Overweight rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Susquehanna cut Rambus Inc.'s price target from $75 to $66, maintaining a Positive rating. Rambus shares gained 1.9% to trade at $57.87.
The reduced price target suggests a less optimistic outlook, which may lead to short-term stock price declines despite the Positive rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Barclays boosted AbbVie Inc.'s price target from $187 to $200, maintaining an Overweight rating. AbbVie shares rose 2.1% to trade at $185.90.
The increased price target and Overweight rating indicate strong performance expectations, likely driving short-term stock price gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Macquarie boosted IMAX Corporation's price target from $24 to $26, maintaining an Outperform rating. IMAX shares rose 1.8% to trade at $19.74.
The increased price target and Outperform rating indicate positive expectations, likely driving short-term stock price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank boosted Lockheed Martin's price target from $540 to $600, upgrading the stock from Hold to Buy. Shares rose 0.8% to trade at $525.61.
The increased price target and upgrade to Buy indicate strong performance expectations, likely driving short-term stock price gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
RBC Capital increased RTX Corporation's price target from $102 to $115, maintaining a Sector Perform rating. RTX shares gained 1% to trade at $114.58.
The increase in price target by RBC Capital suggests a positive outlook, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised LendingTree's price target from $56 to $67, maintaining a Buy rating. LendingTree shares fell 2.3% to trade at $53.47.
The raised price target and Buy rating suggest strong performance expectations, but the recent share price decline indicates potential short-term volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Truist Securities raised Tractor Supply Company's price target from $289 to $293, maintaining a Buy rating. Shares rose 2.7% to trade at $264.49.
The raised price target and Buy rating suggest strong performance expectations, likely driving short-term stock price gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo boosted Tyler Technologies' price target from $580 to $600, maintaining an Overweight rating. Shares gained 3.1% to trade at $581.88.
The increased price target and Overweight rating from Wells Fargo indicate strong performance expectations, likely driving short-term stock gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80