Microsoft To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Microsoft, iQIYI, Electronic Arts, Qorvo, Pinterest, Hubbell, CNO Financial, Skyworks Solutions, Zebra Technologies, and LendingClub. These updates include both price target increases and decreases, as well as maintained ratings.
July 31, 2024 | 5:36 pm
News sentiment analysis
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NEGATIVE IMPACT
Benchmark cut the price target for iQIYI from $9 to $5, but maintained a Buy rating. Shares rose 4% to $3.3599.
Despite the price target cut, the Buy rating suggests long-term potential, but the immediate reaction is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Keybanc cut the price target for Pinterest from $45 to $43, maintaining a Neutral rating. Shares fell 12.8% to $32.54.
The price target cut and significant share price drop indicate negative short-term sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Evercore ISI Group increased CNO Financial's price target from $27 to $29, maintaining an Underperform rating. Shares gained 1.1% to $34.69.
The price target increase is positive, but the Underperform rating tempers enthusiasm.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo boosted Microsoft's price target from $500 to $515, maintaining an Overweight rating. Shares fell 1.6% to $416.07.
Despite the increased price target and Overweight rating, the share price fell, indicating mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Raymond James increased Qorvo's price target from $115 to $135, maintaining an Overweight rating. Shares fell 3.2% to $115.59.
Despite the increased price target, the share price fell, indicating mixed investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Craig-Hallum raised Skyworks Solutions' price target from $125 to $140, maintaining a Buy rating. Shares fell 5.3% to $111.51.
Despite the increased price target and Buy rating, the share price fell, indicating mixed investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
B of A Securities boosted the price target for Electronic Arts from $150 to $170, maintaining a Buy rating. Shares rose 2.3% to $152.58.
The increased price target and maintained Buy rating are positive signals, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
JP Morgan raised Hubbell's price target from $383 to $385, maintaining an Overweight rating. Shares rose 4.7% to $397.54.
The slight increase in price target and maintained Overweight rating are positive signals, boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wedbush increased LendingClub's price target from $11 to $14, maintaining an Outperform rating. Shares rose 11.8% to $12.51.
The increased price target and maintained Outperform rating are strong positive signals, significantly boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Baird boosted Zebra Technologies' price target from $355 to $375, maintaining an Outperform rating. Shares rose 0.8% to $350.86.
The increased price target and maintained Outperform rating are positive signals, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100