Lithia Motors To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including upgrades, downgrades, and price target changes. Notable changes include Piper Sandler's upgrade of CrowdStrike Holdings, Deutsche Bank's maintained Sell rating on Palantir Technologies, and JP Morgan's increased price target for Lithia Motors.
August 06, 2024 | 2:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Deutsche Bank raised the price target for Palantir Technologies from $20 to $21 but maintained a Sell rating. Shares fell 2.6% to close at $24.09.
Despite the higher price target, the maintained Sell rating is likely to weigh on investor sentiment, leading to short-term price decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Needham cut RxSight's price target from $75 to $54 but maintained a Buy rating. Shares fell 2.4% to close at $40.78.
The significant reduction in the price target is likely to overshadow the maintained Buy rating, leading to short-term price pressure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan raised AutoNation's price target from $155 to $160 and maintained a Neutral rating. Shares dipped 2.7% to close at $166.06.
The higher price target is a positive signal, but the maintained Neutral rating suggests limited upside potential, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Truist Securities raised eBay's price target from $50 to $58 and maintained a Hold rating. Shares fell 2.7% to close at $54.66.
The higher price target is a positive signal, but the maintained Hold rating suggests limited upside potential, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
BMO Capital raised Tyson Foods' price target from $58 to $60 and maintained a Market Perform rating. Shares rose 2.1% to close at $62.51.
The higher price target is a positive signal, but the maintained Market Perform rating suggests limited upside potential, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
B of A Securities raised Axsome Therapeutics' price target from $95 to $106 and upgraded the stock from Neutral to Buy. Shares fell 1.4% to close at $83.21.
The upgrade to Buy and higher price target are positive signals, likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler upgraded CrowdStrike Holdings from Neutral to Overweight and cut the price target from $310 to $290. Shares gained 1.9% to close at $222.05.
The upgrade to Overweight is a positive signal, likely to boost investor confidence and drive short-term price appreciation despite the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham raised EverQuote's price target from $30 to $38 and maintained a Buy rating. Shares fell 3.5% to close at $23.96.
The higher price target and maintained Buy rating are positive signals, likely to support short-term price recovery despite the recent decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird raised Freshpet's price target from $135 to $140 and maintained an Outperform rating. Shares fell 0.6% to close at $121.41.
The higher price target and maintained Outperform rating are positive signals, likely to support short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
JP Morgan raised Lithia Motors' price target from $280 to $315 and maintained an Overweight rating. Shares fell 4.6% to close at $276.76.
The higher price target and maintained Overweight rating are positive signals, likely to support short-term price recovery despite the recent decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100