Meta To Rally Around 35%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Meta Platforms, Zeta Global, Glaukos, Day One Biopharmaceuticals, QUALCOMM, Allstate, GE Vernova, Generac Holdings, Pegasystems, and Waters Corporation. These updates include both price target changes and rating adjustments.
August 01, 2024 | 12:17 pm
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POSITIVE IMPACT
B of A Securities increased Day One Biopharmaceuticals' price target from $11 to $24 and upgraded the stock from Underperform to Buy. Shares fell 5.8% to $14.31.
The significant price target increase and upgrade to Buy are positive, but the stock's decline may be due to broader market conditions or investor caution.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley raised the price target for GE Vernova from $175 to $220 and upgraded the stock from Equal-Weight to Overweight. Shares gained 9.6% to $178.24.
The upgrade to Overweight and significant price target increase are strong positives, leading to a substantial stock price rise.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Rosenblatt raised the price target for Meta Platforms from $562 to $643 and maintained a Buy rating. Shares gained 2.5% to $474.83.
The significant price target increase and maintained Buy rating are strong positives, reflected in the stock's rise.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Loop Capital increased Pegasystems' price target from $68 to $84 and upgraded the stock from Hold to Buy. Shares fell 1.4% to $69.72.
The upgrade to Buy and price target increase are positives, but the stock's decline may be due to broader market conditions or investor caution.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rosenblatt raised QUALCOMM's price target from $240 to $250 and maintained a Buy rating. Shares rose 8.4% to $180.95.
The price target increase and maintained Buy rating are strong positives, leading to a significant stock price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Leerink Partners boosted Waters Corporation's price target from $325 to $375 and upgraded the stock from Market Perform to Outperform. Shares gained 2.6% to $336.28.
The upgrade to Outperform and significant price target increase are strong positives, leading to a notable stock price rise.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
B of A Securities increased Allstate's price target from $213 to $226 and maintained a Buy rating. Shares fell 1.4% to $171.12.
Despite the price target increase and Buy rating, the stock's decline suggests market skepticism or broader market conditions.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Needham boosted the price target for Glaukos from $131 to $137 and maintained a Buy rating. Shares fell 0.6% to $117.17.
Despite the price target increase and Buy rating, the stock's slight decline suggests market skepticism or profit-taking.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Baird boosted Generac's price target from $142 to $163 and maintained a Neutral rating. Shares rose 0.1% to $155.68.
The price target increase is positive, but the maintained Neutral rating suggests limited upside, reflected in the minimal stock price change.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 75
NEUTRAL IMPACT
Morgan Stanley raised the price target for Zeta Global from $18 to $30 but downgraded the stock from Overweight to Equal-Weight. Shares rose 2.1% to $21.42.
The price target increase is positive, but the downgrade to Equal-Weight tempers the enthusiasm. The stock's slight rise reflects mixed sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90