Toll Brothers To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies. Notable changes include upgrades for Walmart, Toll Brothers, EastGroup Properties, and SentinelOne, while Cocrystal Pharma, Urban Outfitters, Snowflake, Macy's, and Zoom Video saw target reductions. TJX Companies was downgraded despite a price target increase.
August 22, 2024 | 1:22 pm
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright & Co. lowered Cocrystal Pharma's price target from $10 to $7, maintaining a Buy rating. Shares closed at $1.91.
The price target reduction suggests negative sentiment, which may pressure the stock price in the short term despite the Buy rating.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Telsey Advisory Group cut Macy's price target from $21 to $17, maintaining a Market Perform rating. Shares fell 12.9% to close at $15.45.
The significant price target reduction and sharp share price decline indicate negative sentiment, likely pressuring the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Baird cut Snowflake's price target from $165 to $152, maintaining an Outperform rating. Shares gained 2.4% to close at $135.06.
The price target reduction suggests some caution, but the Outperform rating and share price gain indicate positive sentiment, likely resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Citigroup raised TJX Companies' price target from $110 to $128 but downgraded the stock from Buy to Neutral. Shares gained 6.1% to close at $120.23.
The price target increase is positive, but the downgrade to Neutral suggests mixed sentiment, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
BMO Capital decreased Urban Outfitters' price target from $42 to $39, maintaining a Market Perform rating. Shares gained 3.1% to close at $41.48.
The price target reduction suggests caution, but the share price gain indicates some positive sentiment, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Baird slashed Zoom Video's price target from $84 to $77, maintaining an Outperform rating. Shares gained 1.9% to close at $60.23.
The price target reduction suggests caution, but the Outperform rating and share price gain indicate positive sentiment, likely resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Morgan Stanley raised EastGroup Properties' price target from $158 to $186, maintaining an Equal-Weight rating. Shares gained 0.8% to close at $184.67.
The price target increase suggests positive sentiment, though the Equal-Weight rating indicates moderate expectations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wells Fargo raised SentinelOne's price target from $19 to $29, upgrading the stock from Equal-Weight to Overweight. Shares gained 2.3% to close at $24.56.
The upgrade to Overweight and significant price target increase suggest strong positive sentiment, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Oppenheimer raised Toll Brothers' price target from $157 to $168, maintaining an Outperform rating. Shares gained 5.6% to close at $141.03.
The significant price target increase and strong share price gain indicate strong positive sentiment, likely driving further short-term gains.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Evercore ISI Group raised Walmart's price target from $78 to $80, maintaining an Outperform rating. Walmart shares gained 0.9% to close at $75.24.
The price target increase and maintained Outperform rating suggest positive sentiment, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80