Apple To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Apple, Amazon, Intel, and others. Notable changes include price target adjustments and rating updates, which have influenced the stock prices of these companies.
August 02, 2024 | 12:37 pm
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POSITIVE IMPACT
Goldman Sachs raised Apple's price target from $265 to $275 while maintaining a Buy rating. Apple shares fell 1.7% to close at $218.36.
The price target increase by Goldman Sachs indicates a positive outlook, though the share price fell slightly.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Susquehanna increased AerCap's price target from $100 to $108 while maintaining a Positive rating. AerCap shares fell 2.1% to close at $92.00.
The price target increase indicates a positive outlook, but the share price drop suggests other market influences.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Goldman Sachs raised Atlassian's price target from $200 to $230 and upgraded the stock from Neutral to Buy. Atlassian shares fell 1.9% to close at $173.24.
The upgrade and price target increase by Goldman Sachs indicate a positive outlook, though the share price fell slightly.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. boosted the price target for Vericel from $55 to $60 while maintaining a Buy rating. Vericel shares fell 5.9% to close at $47.52.
Despite the price target increase, Vericel's shares fell, possibly due to broader market conditions or other factors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jefferies cut Amazon's price target from $235 to $225 while maintaining a Buy rating. Amazon shares fell 1.6% to close at $184.07.
The reduction in price target by Jefferies suggests a slightly less optimistic outlook, contributing to a 1.6% drop in Amazon's share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
BMO Capital cut CenterPoint Energy's price target from $31 to $28 and downgraded the stock from Outperform to Market Perform. CenterPoint Energy shares gained 1.4% to close at $28.15.
The downgrade and price target reduction by BMO Capital suggest a less optimistic outlook, though the share price gained slightly.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
HC Wainwright & Co. cut Coinbase's price target from $315 to $295 while maintaining a Buy rating. Coinbase shares fell 5.2% to close at $212.64.
The reduction in price target by HC Wainwright & Co. suggests a less optimistic outlook, leading to a 5.2% drop in Coinbase's share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Morgan Stanley cut Intel's price target from $36 to $25 while maintaining an Equal-Weight rating. Intel shares fell 5.5% to close at $29.05.
The significant reduction in price target by Morgan Stanley reflects a bearish outlook, leading to a 5.5% drop in Intel's share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Needham cut Mobileye Global's price target from $36 to $25 while maintaining a Buy rating. Mobileye Global shares fell 22.5% to close at $16.28.
The significant reduction in price target by Needham reflects a bearish outlook, leading to a substantial 22.5% drop in Mobileye Global's share price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
JP Morgan cut the price target for Roku from $90 to $80 while maintaining an Overweight rating. Roku shares fell 5% to close at $55.33.
The reduction in price target by JP Morgan suggests a less optimistic outlook, leading to a 5% drop in Roku's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90