Starbucks To Rally Around 43%? 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 Starbucks, Alliant Energy, Sempra, DraftKings, 10x Genomics, KeyCorp, DoubleDown Interactive, Coherent Corp., Walmart, and Hormel Foods. Notable changes include upgrades and price target adjustments.

August 13, 2024 | 1:28 pm
News sentiment analysis
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POSITIVE IMPACT
Stifel raised Coherent Corp.'s price target from $68 to $75 and maintained a Buy rating. Coherent shares gained 5.3% to close at $66.70 on Monday.
The maintained Buy rating and increased price target suggest strong future performance, likely leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B. Riley Securities increased the price target for DoubleDown Interactive from $24 to $26 and maintained a Buy rating. DoubleDown Interactive shares gained 1.5% to close at $12.06 on Monday.
The maintained Buy rating and increased price target indicate positive outlook, likely leading to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Citigroup boosted Hormel Foods' price target from $33 to $37 and upgraded the stock from Neutral to Buy. Hormel shares fell 2.4% to close at $31.25 on Monday.
The upgrade and price target increase suggest positive future performance, likely leading to a short-term price increase despite the recent decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wedbush increased KeyCorp's price target from $16 to $17 and maintained a Neutral rating. KeyCorp shares gained 9.1% to close at $15.94 on Monday.
The price target increase and significant share price gain suggest positive investor sentiment, likely leading to continued short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ladenburg Thalmann increased the price target for Alliant Energy from $50 to $62.5 and upgraded the stock from Neutral to Buy. Alliant Energy shares fell 0.2% to close at $55.96 on Monday.
The upgrade and price target increase suggest positive future performance, which may attract more investors and lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird raised the price target for Starbucks from $81 to $110 and upgraded the stock from Neutral to Outperform. Starbucks shares gained 2.6% to close at $77.03 on Monday.
The upgrade and significant price target increase from a reputable analyst are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Barclays raised Sempra's price target from $81 to $87 and maintained an Overweight rating. Sempra shares rose 0.7% to close at $78.99 on Monday.
The maintained Overweight rating and increased price target indicate continued confidence in the stock, likely leading to positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stifel boosted Walmart's price target from $71 to $73 and maintained a Hold rating. Walmart shares rose 1.1% to close at $68.70 on Monday.
The slight price target increase and maintained Hold rating suggest a neutral outlook, likely leading to stable short-term price movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley cut the price target for DraftKings from $51 to $47 but maintained an Overweight rating. DraftKings shares fell 1.6% to close at $29.85 on Monday.
The reduced price target, despite the maintained Overweight rating, may cause investor concern and lead to short-term price decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley slashed 10x Genomics' price target from $50 to $46 but maintained an Overweight rating. 10x Genomics shares fell 3.8% to close at $19.65 on Monday.
The significant price target reduction, despite the maintained Overweight rating, is likely to negatively impact investor sentiment and cause short-term price decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100