Uber To Rally Over 26%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several companies, including Uber, Grocery Outlet, Ichor Holdings, Omega Therapeutics, Progyny, Lithia Motors, Cognizant Technology Solutions, Tripadvisor, V.F. Corporation, and Fortinet. These updates include both price target changes and rating adjustments.
August 07, 2024 | 12:26 pm
News sentiment analysis
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NEGATIVE IMPACT
Telsey Advisory Group cut the price target for Grocery Outlet Holding Corp. from $31 to $27 but maintained an Outperform rating.
The price target cut suggests a less optimistic outlook, which could negatively impact short-term stock performance despite the maintained Outperform rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham slashed the price target for Ichor Holdings from $44 to $40 but maintained a Buy rating.
The reduced price target indicates a more cautious outlook, which could lead to short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Loop Capital slashed Lithia Motors' price target from $95 to $75 and downgraded the stock from Buy to Hold.
The significant price target cut and downgrade indicate a more cautious outlook, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Chardan Capital cut Omega Therapeutics' price target from $7 to $6 but maintained a Buy rating.
The price target cut suggests a more conservative outlook, which could negatively impact short-term stock performance despite the Buy rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Leerink Partners cut Progyny's price target from $31 to $25 and downgraded the stock from Outperform to Market Perform.
The price target cut and downgrade suggest a less favorable outlook, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
B. Riley Securities cut Tripadvisor's price target from $26 to $19 and downgraded the stock from Buy to Neutral.
The price target cut and downgrade indicate a less optimistic outlook, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
B of A Securities raised the price target for Cognizant Technology Solutions from $73 to $75 and upgraded the stock from Underperform to Neutral.
The price target increase and upgrade suggest a more favorable outlook, likely boosting short-term stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rosenblatt raised Fortinet's price target from $68 to $72 and maintained a Buy rating.
The price target increase and maintained Buy rating indicate a positive outlook, likely boosting short-term stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DA Davidson raised the price target for Uber Technologies from $81 to $82 and maintained a Buy rating.
The increased price target and maintained Buy rating indicate a positive outlook, likely boosting short-term stock performance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group raised V.F. Corporation's price target from $15 to $19 and maintained a Market Perform rating.
The price target increase suggests a more favorable outlook, likely boosting short-term stock performance despite the Market Perform rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80