Cogent Communications To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several companies, including CrowdStrike, Palo Alto Networks, AngloGold Ashanti, Bloomin’ Brands, Snowflake, Progyny, Genasys, Metagenomi, Cogent Communications, and The Williams Companies. Notable changes include a price target cut for CrowdStrike by Bernstein and an increase for Cogent Communications by Citigroup.
August 19, 2024 | 12:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Scotiabank boosted AngloGold Ashanti's price target from $27 to $30 but downgraded the stock from Sector Perform to Sector Underperform. Shares rose 3.5% to $31.47.
The downgrade to Sector Underperform despite a higher price target indicates a negative outlook, which could weigh on the stock despite recent gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Citigroup cut Bloomin’ Brands' price target from $22 to $20, maintaining a Neutral rating. Shares gained 0.1% to close at $17.27.
The reduced price target suggests a less favorable outlook, which could negatively impact short-term investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Bernstein cut the price target for CrowdStrike from $381 to $315, maintaining an Outperform rating. Shares gained 0.8% to close at $262.54.
The reduction in price target by Bernstein suggests a less optimistic outlook, which could negatively impact short-term investor sentiment despite the maintained Outperform rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Chardan Capital cut Metagenomi's price target from $17 to $15, maintaining a Buy rating. Shares fell 3.8% to close at $2.82.
The reduced price target suggests a less favorable outlook, which could negatively impact short-term investor sentiment despite the Buy rating.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
JP Morgan cut Progyny's price target from $41 to $31, maintaining an Overweight rating. Shares gained 0.9% to close at $21.04.
The reduced price target suggests a less optimistic outlook, which could negatively impact short-term investor sentiment despite the Overweight rating.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Barclays slashed Snowflake's price target from $191 to $146, maintaining an Equal-Weight rating. Shares gained 0.8% to close at $128.04.
The significant reduction in price target indicates a bearish outlook, which could negatively affect short-term investor sentiment despite the share price gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Rosenblatt increased the price target for Palo Alto Networks from $300 to $345, maintaining a Neutral rating. Shares fell 2.7% to close at $334.11.
Despite the increased price target, the Neutral rating and recent share price decline suggest mixed investor sentiment, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Barclays raised The Williams Companies' price target from $41 to $42, maintaining an Equal-Weight rating. Shares gained 0.6% to close at $44.13.
The slight increase in price target suggests a marginally positive outlook, but the Equal-Weight rating indicates a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Citigroup boosted Cogent Communications' price target from $70 to $82, maintaining a Buy rating. Shares fell 0.1% to close at $73.46.
The increased price target and maintained Buy rating suggest a positive outlook, which could boost short-term investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ascendiant Capital increased Genasys' price target from $4.25 to $4.75, maintaining a Buy rating. Shares rose 3% to close at $2.74.
The increased price target and maintained Buy rating suggest a positive outlook, which could boost short-term investor sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70