Home Depot To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies. Notable changes include Stifel's boost for Zoetis Inc., JP Morgan's increase for IQVIA Holdings Inc., and Wells Fargo's raise for Lennar Corporation. Other significant updates involve Susquehanna's raise for Cloudflare, Inc., Citigroup's cut for Lam Research Corporation, and Goldman Sachs' cut for DraftKings Inc. Additionally, BMO Capital raised Dominion Energy, Inc.'s target, JP Morgan boosted The Home Depot, Inc.'s target, RBC Capital cut Moderna, Inc.'s target, and Macquarie raised Roblox Corporation's target.
August 05, 2024 | 2:20 pm
News sentiment analysis
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NEGATIVE IMPACT
Goldman Sachs cut DraftKings Inc.'s price target from $60 to $54, maintaining a Buy rating. Shares fell 3.2% to $31.01.
The cut in price target is a negative signal, despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Citigroup cut Lam Research Corporation's price target from $1,025 to $990, maintaining a Buy rating. Shares fell 2.1% to $747.01.
The cut in price target is a negative signal, despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RBC Capital cut Moderna, Inc.'s price target from $125 to $90, downgrading the stock from Outperform to Sector Perform. Shares fell 2.8% to $84.19.
The cut in price target and downgrade are negative signals, reflected in the stock's decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
BMO Capital raised Dominion Energy, Inc.'s price target from $53 to $57, maintaining a Market Perform rating. Shares fell 1.3% to $55.38.
The raised price target is positive, but the Market Perform rating and stock decline suggest limited upside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Susquehanna raised the price target for Cloudflare, Inc. from $80 to $85, maintaining a Neutral rating. Shares fell 4.8% to $75.62.
The raised price target is positive, but the Neutral rating and stock decline suggest mixed market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan boosted The Home Depot, Inc.'s price target from $377 to $400, maintaining an Overweight rating. Shares fell 1.6% to $349.80.
The increased price target and Overweight rating are positive signals, despite the stock's immediate decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan raised the price target for IQVIA Holdings Inc. from $260 to $288, maintaining an Overweight rating. Shares fell 3.8% to $232.55.
The raised price target and Overweight rating are positive, but the stock's immediate decline suggests market skepticism.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo increased Lennar Corporation's price target from $185 to $195, maintaining an Overweight rating. Shares fell 4.5% to $166.69.
The increased price target and Overweight rating are positive, but the stock's decline indicates market concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Macquarie raised Roblox Corporation's price target from $46 to $50, maintaining an Outperform rating. Shares dipped 9% to $35.50.
The raised price target and Outperform rating are positive signals, but the significant stock decline suggests market concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stifel boosted the price target for Zoetis Inc. from $180 to $200, maintaining a Buy rating. Despite this, Zoetis shares fell 3% to $175.38.
The increase in price target and maintained Buy rating are positive signals, but the immediate market reaction was negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80