This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Robinhood Markets, Inc. (HOOD), PAR Technology Corporation (PAR), Eli Lilly and Company (LLY), Take-Two Interactive Software, Inc. (TTWO), and Brown & Brown, Inc. (BRO). These upgrades come with increased price targets, indicating a bullish outlook for these stocks.
August 12, 2024 | 1:11 pm
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POSITIVE IMPACT
Wells Fargo upgraded Brown & Brown, Inc. from Equal-Weight to Overweight and raised the price target from $94 to $112. Brown & Brown shares rose 0.01% to close at $100.32 on Friday.
The upgrade to Overweight and the increased price target indicate a positive outlook for Brown & Brown, likely leading to short-term price gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler upgraded Robinhood Markets, Inc. from Neutral to Overweight and raised the price target from $20 to $23. Robinhood shares gained 1.1% to close at $17.92 on Friday.
The upgrade from Neutral to Overweight and the increased price target suggest a positive outlook for Robinhood, likely leading to increased investor interest and a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded Eli Lilly and Company from Hold to Buy and boosted the price target from $725 to $1,025. Eli Lilly shares gained 5.5% to close at $891.68 on Friday.
The upgrade to Buy and the substantial increase in the price target reflect strong optimism about Eli Lilly's prospects, likely leading to significant short-term price gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded PAR Technology Corporation from Hold to Buy and increased the price target from $45 to $60. PAR Technology shares gained 2.9% to close at $50.79 on Friday.
The upgrade to Buy and the significant increase in the price target indicate strong confidence in PAR Technology's future performance, likely driving short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HSBC upgraded Take-Two Interactive Software, Inc. from Hold to Buy and announced a price target of $179. Take-Two shares gained 4.4% to close at $144.82 on Friday.
The upgrade to Buy and the new price target suggest a positive outlook for Take-Two Interactive, likely resulting in short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100