Palo Alto Networks To Rally More Than 16%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Palo Alto Networks, Fabrinet, Estée Lauder, Liquidia, Snowflake, ZIM Integrated Shipping, Globant, Stride, BioMarin Pharmaceutical, and Hyatt Hotels. These changes reflect varying expectations for stock performance, with some companies seeing upgrades and others downgrades.
August 20, 2024 | 11:53 am
News sentiment analysis
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NEGATIVE IMPACT
Telsey Advisory Group cut Estée Lauder's price target to $105, maintaining a Market Perform rating. Shares fell 2.2%.
The reduced price target and Market Perform rating suggest challenges ahead, likely leading to a decrease in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
UBS increased Globant's price target to $235 but downgraded to Neutral. Shares fell 1.1%.
The downgrade to Neutral despite a higher price target suggests caution, likely leading to a decrease in share price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
B of A Securities cut Liquidia's price target to $23, maintaining a Buy rating. Shares dropped 30.6%.
Despite a Buy rating, the significant drop in share price indicates negative market reaction, likely due to the reduced price target.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Stifel raised Hyatt's price target to $151, maintaining a Hold rating. Shares gained 2.5%.
The increased price target with a Hold rating suggests moderate positive sentiment, leading to a slight share price increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Citigroup boosted Stride's price target to $90 but downgraded to Neutral. Shares gained 1.5%.
The downgrade to Neutral contrasts with the increased price target and share price gain, indicating mixed sentiment.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Baird slashed Snowflake's price target to $165, maintaining an Outperform rating. Shares gained 2.6%.
The reduced price target contrasts with the Outperform rating and share price increase, indicating mixed market sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bernstein boosted BioMarin's price target to $110 and upgraded to Outperform. Shares gained 3.6%.
The upgrade to Outperform and increased price target suggest strong positive sentiment, likely boosting share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Rosenblatt raised Fabrinet's price target to $280, maintaining a Buy rating. Shares slightly increased by 0.2%.
The raised price target and Buy rating indicate positive expectations, which could lead to a gradual increase in share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised the price target for Palo Alto Networks to $400, maintaining an Overweight rating. Shares gained 2.8% on Monday.
The increase in price target and the Overweight rating suggest positive sentiment, likely boosting investor confidence and share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jefferies raised ZIM Integrated Shipping's price target to $25, maintaining a Buy rating. Shares surged 16.7%.
The increased price target and Buy rating, along with a significant share price surge, indicate strong positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85