Northrop Grumman To Rally Around 20%? 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 Deutsche Bank upgrading Northrop Grumman (NOC) and increasing its price target, Piper Sandler downgrading Charles Schwab (SCHW) and cutting its price target, and Pivotal Research boosting Charter Communications' (CHTR) price target. Other companies with updated price targets include Texas Roadhouse (TXRH), Cognex (CGNX), Longeveron (LGVN), Data I/O (DAIO), The Trade Desk (TTD), argenx (ARGX), and Monolithic Power Systems (MPWR).
July 29, 2024 | 11:34 am
News sentiment analysis
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NEGATIVE IMPACT
WestPark Capital cut Data I/O's price target from $5 to $4, maintaining a Buy rating. Shares fell 4.3% to close at $2.67.
The price target cut and share price decline indicate potential negative sentiment and short-term downside risk.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler downgraded Charles Schwab from Overweight to Neutral and cut the price target from $80 to $64. Shares gained 0.5% to close at $66.60.
The downgrade and reduced price target may lead to decreased investor confidence and potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
HC Wainwright & Co. cut Longeveron's price target from $12 to $10, maintaining a Buy rating. Shares rose 13.2% to close at $3.44.
Despite the price target cut, the maintained Buy rating and significant share price increase suggest mixed short-term impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Stephens & Co. boosted Texas Roadhouse's price target from $170 to $176, maintaining an Equal-Weight rating. Shares rose 2% to close at $169.38.
The modest price target increase with an Equal-Weight rating suggests limited short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird raised argenx's price target from $490 to $515, maintaining an Outperform rating. Shares gained 1.7% to close at $494.46.
The price target increase and maintained Outperform rating are likely to positively influence investor sentiment and drive short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Needham boosted Cognex's price target from $48 to $57, maintaining a Buy rating. Shares rose 2% to close at $49.68.
The price target increase and maintained Buy rating are likely to positively influence investor sentiment and drive short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Pivotal Research boosted Charter Communications' price target from $400 to $435, maintaining a Buy rating. Shares gained 16.6% to close at $367.62.
The significant price target increase and maintained Buy rating are likely to sustain the positive momentum and drive further short-term gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Rosenblatt boosted Monolithic Power Systems' price target from $800 to $880, maintaining a Buy rating. Shares rose 4% to close at $821.78.
The significant price target increase and maintained Buy rating are likely to sustain positive momentum and drive further short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded Northrop Grumman from Hold to Buy and increased the price target from $474 to $575. Shares gained 2.1% to close at $480.30.
The upgrade and significant price target increase from a reputable analyst are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Keybanc boosted The Trade Desk's price target from $100 to $105, maintaining an Overweight rating. Shares rose 1.7% to close at $92.43.
The price target increase and maintained Overweight rating are likely to support positive investor sentiment and short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100