Ross Stores To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several companies, including Ross Stores, BJ's Wholesale, Nordson, Las Vegas Sands, Bilibili, Peloton, Workday, CAVA Group, Intuit, and Westlake. Notable changes include Loop Capital raising Ross Stores' price target to $190 and Wells Fargo upgrading BJ's Wholesale to Overweight.
August 23, 2024 | 12:37 pm
News sentiment analysis
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POSITIVE IMPACT
Barclays upgraded Bilibili from Equal-Weight to Overweight, raising the price target from $14 to $19. Shares fell 7.6% to $12.96.
The upgrade and increased price target suggest a positive outlook, potentially reversing the recent share price decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo upgraded BJ's Wholesale from Equal-Weight to Overweight, raising the price target from $75 to $92. Shares fell 6.8% to $81.66.
The upgrade and increased price target indicate a positive outlook, which may lead to a short-term price increase despite recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Baird raised CAVA Group's price target from $105 to $125, maintaining an Outperform rating. Shares fell 0.9% to $101.98.
The increased price target and Outperform rating suggest a positive outlook, likely supporting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird raised Nordson's price target from $272 to $287, maintaining an Outperform rating. Shares gained 3.3% to $256.03.
The raised price target and Outperform rating suggest continued positive momentum, likely supporting further short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Loop Capital raised Ross Stores' price target from $170 to $190, maintaining a Buy rating. Despite this, shares fell 0.9% to $152.52.
The increase in price target and maintained Buy rating by Loop Capital suggests positive sentiment, likely boosting short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RBC Capital upgraded Westlake from Sector Perform to Outperform, raising the price target from $157 to $174. Shares fell 0.7% to $144.58.
The upgrade and increased price target indicate a positive outlook, likely leading to a short-term price increase despite recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Piper Sandler slightly adjusted Intuit's price target from $760 to $768, reiterating an Overweight rating. Shares fell 0.8% to $665.29.
The minor adjustment in price target with maintained Overweight rating suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan downgraded Peloton from Overweight to Neutral, cutting the price target from $7 to $5. Shares gained 35.4% to $4.55.
Despite the downgrade and reduced target, the significant share price increase suggests market factors may be driving short-term volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Stifel raised Workday's price target from $250 to $270, maintaining a Hold rating. Shares fell 1% to $231.08.
The raised price target is offset by the Hold rating, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
UBS downgraded Las Vegas Sands from Buy to Neutral, cutting the price target from $70 to $49. Shares fell 0.5% to $41.07.
The downgrade and reduced price target indicate negative sentiment, likely leading to further short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100