Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several US-listed companies, including Hyatt Hotels, CleanSpark, Triumph Group, PureCycle Technologies, CarGurus, Hillenbrand, Eli Lilly, Plug Power, The Trade Desk, and Robinhood Markets. Notable changes include Deutsche Bank's significant price target increase for Eli Lilly and JP Morgan's raised target for CarGurus.
August 12, 2024 | 1:46 pm
News sentiment analysis
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POSITIVE IMPACT
JP Morgan raised the price target for CarGurus from $29 to $32 and maintained an Overweight rating. Shares rose 20.3% to close at $26.94.
The significant price target increase and substantial share price rise indicate a strong positive short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler boosted the price target for Robinhood Markets from $20 to $23 and upgraded the stock from Neutral to Overweight. Shares gained 1.1% to close at $17.92.
The price target increase and upgrade to Overweight suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank increased the price target for Eli Lilly from $725 to $1,025 and upgraded the stock from Hold to Buy. Shares gained 5.5% to close at $891.68.
The substantial price target increase and upgrade to Buy indicate a strong positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Stifel boosted the price target for PureCycle Technologies from $7 to $8 and maintained a Buy rating. Shares fell 10.6% to close at $5.64.
Despite the share price drop, the increased price target and Buy rating suggest a positive outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Baird boosted the price target for The Trade Desk from $110 to $130 and maintained an Outperform rating. Shares rose 12.5% to close at $99.30.
The significant price target increase and share price rise indicate a strong positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Truist Securities cut the price target for Hyatt Hotels from $168 to $164 but maintained a Buy rating. Shares gained 1.3% to close at $135.14.
The price target cut is minor and the Buy rating is maintained, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cantor Fitzgerald lowered the price target for CleanSpark from $28 to $23 but maintained an Overweight rating. Shares fell 6.3% to close at $11.46.
The significant price target cut and share price drop indicate a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DA Davidson cut the price target for Hillenbrand from $54 to $33 and downgraded the stock from Buy to Neutral. Shares fell 1.2% to close at $35.99.
The significant price target cut and downgrade suggest a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canaccord Genuity cut the price target for Plug Power from $3 to $2.5 but maintained a Hold rating. Shares fell 5.3% to close at $1.97.
The price target cut and share price drop suggest a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Barclays cut the price target for Triumph Group from $18 to $16 but maintained an Overweight rating. Shares fell 0.6% to close at $13.48.
The price target cut and slight share price drop suggest a mildly negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70