Zillow Group To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several US-listed companies, including Zillow Group, The Trade Desk, Martin Marietta Materials, YETI Holdings, Diebold Nixdorf, Doximity, Mitek Systems, Five9, CF Industries, and Alta Equipment Group. Notable changes include price target increases for Zillow, The Trade Desk, Diebold Nixdorf, Doximity, and CF Industries, and price target cuts for Martin Marietta Materials, YETI Holdings, Mitek Systems, Five9, and Alta Equipment Group.
August 09, 2024 | 5:55 pm
News sentiment analysis
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NEGATIVE IMPACT
Raymond James cut the price target for Alta Equipment Group from $14 to $10, downgrading the stock from Outperform to Market Perform. Shares fell 2% to $6.28.
The price target cut and downgrade from Outperform to Market Perform indicate potential concerns, likely leading to short-term price depreciation.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Wells Fargo cut the price target for Five9 from $80 to $65, maintaining an Overweight rating. Shares fell 27% to $31.03.
The significant price target cut and substantial share price decline indicate potential concerns, likely leading to further short-term price depreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Craig-Hallum cut the price target for Mitek Systems from $19 to $15, maintaining a Buy rating. Shares dipped 25.3% to $8.43.
The significant price target cut and substantial share price decline indicate potential concerns, likely leading to further short-term price depreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stephens & Co cut the price target for Martin Marietta Materials from $650 to $610, maintaining an Overweight rating. Shares fell 1.2% to $532.54.
The price target cut, despite maintaining an Overweight rating, may signal potential concerns, likely leading to short-term price depreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
B. Riley Securities boosted the price target for YETI Holdings from $38 to $45, maintaining a Neutral rating. Shares fell 4.3% to $41.28.
Despite the price target increase, the maintained Neutral rating and share price decline suggest mixed investor sentiment, likely leading to short-term price volatility.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
BMO Capital boosted the price target for CF Industries from $95 to $100, maintaining an Outperform rating. Shares rose 0.1% to $79.61.
The price target increase and maintained Outperform rating from BMO Capital are positive signals, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DA Davidson raised the price target for Diebold Nixdorf from $55 to $65, maintaining a Buy rating. Shares rose 5.7% to $37.99.
The price target increase and maintained Buy rating from DA Davidson are positive signals, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Evercore ISI Group boosted the price target for Doximity from $29 to $34, maintaining an In-Line rating. Shares gained 36% to $34.90.
The significant price target increase and substantial share price gain indicate strong investor confidence, likely driving further short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
BTIG raised the price target for The Trade Desk from $110 to $114, maintaining a Buy rating. Shares gained 10.2% to $97.23.
The price target increase and maintained Buy rating from BTIG are positive signals, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank boosted the price target for Zillow Group from $55 to $60, maintaining a Buy rating. Shares rose 2.4% to $50.59.
The price target increase and maintained Buy rating from Deutsche Bank are positive signals, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90