Alibaba To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including Globant S.A., Illumina, Inc., Microchip Technology Incorporated, The Charles Schwab Corporation, Walmart Inc., Amcor plc, Alibaba Group Holding Limited, Deere & Company, Fox Corporation, and JD.com, Inc. These updates include both price target changes and rating adjustments.
August 16, 2024 | 11:51 am
News sentiment analysis
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POSITIVE IMPACT
Baird increased the price target for Alibaba Group Holding Limited from $85 to $88 and maintained an Outperform rating. Alibaba shares rose 0.1% to close at $79.54.
The slight increase in the price target and the maintenance of an Outperform rating by Baird is likely to positively impact Alibaba's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
B of A Securities raised Deere & Company's price target from $400 to $410 and maintained a Neutral rating. Deere shares gained 6.3% to close at $373.26.
The slight increase in the price target and the maintenance of a Neutral rating by B of A Securities is likely to have a positive impact on Deere & Company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo boosted Fox Corporation's price target from $29 to $46 and upgraded the stock from Underweight to Overweight. Fox shares fell 0.2% to close at $38.99.
The significant increase in the price target and the upgrade to an Overweight rating by Wells Fargo is likely to positively impact Fox Corporation's stock price in the short term, despite the minor decline in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Piper Sandler raised the price target for Globant S.A. from $238 to $240 and reiterated an Overweight rating. Globant shares gained 1.7% to close at $194.37.
The slight increase in the price target and the reiteration of an Overweight rating by Piper Sandler is likely to positively impact Globant's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Daiwa Capital increased the price target for Illumina, Inc. from $120 to $154 and upgraded the stock from Neutral to Buy. Illumina shares gained 5.3% to close at $128.80.
The significant increase in the price target and the upgrade to a Buy rating by Daiwa Capital is likely to have a strong positive impact on Illumina's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler boosted Microchip Technology Incorporated's price target from $90 to $100 and upgraded the stock from Neutral to Overweight. Microchip shares rose 4.1% to close at $81.30.
The increase in the price target and the upgrade to an Overweight rating by Piper Sandler is likely to positively impact Microchip Technology's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Telsey Advisory Group boosted Walmart Inc.'s price target from $75 to $82 and maintained an Outperform rating. Walmart shares gained 6.6% to close at $73.18.
The significant increase in the price target and the maintenance of an Outperform rating by Telsey Advisory Group is likely to have a strong positive impact on Walmart's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Baird increased Amcor plc's price target from $10 to $11 and maintained a Neutral rating. Amcor shares gained 1.8% to close at $10.85.
The slight increase in the price target and the maintenance of a Neutral rating by Baird is likely to have a neutral impact on Amcor's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Benchmark cut JD.com, Inc.'s price target from $55 to $47 and maintained a Buy rating. JD.com shares gained 4.3% to close at $27.00.
The decrease in the price target and the maintenance of a Buy rating by Benchmark is likely to have a neutral impact on JD.com's stock price in the short term, given the recent gain in share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley cut the price target for The Charles Schwab Corporation from $71 to $70 and maintained an Equal-Weight rating. Charles Schwab shares fell 0.2% to close at $65.23.
The slight decrease in the price target and the maintenance of an Equal-Weight rating by Morgan Stanley is likely to have a minor negative impact on Charles Schwab's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75