Micron To $140? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies. Notable changes include Needham cutting Micron's target to $140, Ascendiant Capital lowering Aclarion's target to $1.5, and Gordon Haskett upgrading Ollie's Bargain Outlet to Buy. Baird raised Foot Locker's target to $35 and Peloton's to $4.75. Loop Capital cut Baidu's target to $115, while JP Morgan upgraded BJ's Wholesale to Neutral. Baird boosted SentinelOne's target to $29, and Wells Fargo upgraded American Homes 4 Rent and Camden Property Trust.
August 26, 2024 | 12:32 pm
News sentiment analysis
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NEGATIVE IMPACT
Loop Capital cut Baidu's price target from $120 to $115, maintaining a Buy rating. Shares fell 0.1% to $85.70.
The reduced price target may indicate concerns, but the Buy rating suggests some optimism remains.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Needham cut Micron's price target from $150 to $140, maintaining a Buy rating. Micron shares fell 1.4% to $102.85.
The reduction in the price target by Needham suggests a less optimistic outlook, which could pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Baird raised Foot Locker's price target from $26 to $35, maintaining a Neutral rating. Shares fell 0.8% to $32.71.
The raised price target is positive, but the Neutral rating and recent share decline suggest mixed sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ascendiant Capital lowered Aclarion's price target from $1.6 to $1.5, maintaining a Buy rating. Aclarion shares gained 4.9% to $0.24.
Despite the lowered price target, the Buy rating and recent share price increase suggest positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo raised American Homes 4 Rent's price target from $36 to $42 and upgraded the stock to Overweight. Shares rose 0.6% to $38.57.
The upgrade to Overweight and increased price target suggest a positive outlook, likely supporting the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
JP Morgan increased BJ's Wholesale's price target from $76 to $78 and upgraded the stock to Neutral. Shares gained 1.4% to $82.77.
The upgrade to Neutral and increased price target suggest improved sentiment, likely supporting the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo raised Camden Property Trust's price target from $104 to $127 and upgraded the stock to Equal-Weight. Shares rose 1.3% to $122.60.
The upgrade and increased price target indicate a more favorable outlook, likely benefiting the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Gordon Haskett raised Ollie's Bargain Outlet's price target from $105 to $107 and upgraded the stock to Buy. Shares gained 1.6% to $98.89.
The upgrade to Buy and increased price target indicate a positive outlook, likely boosting the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Baird raised Peloton's price target from $4 to $4.75, maintaining a Neutral rating. Shares gained 6.4% to $4.84.
The raised price target and significant share price increase suggest positive short-term sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird boosted SentinelOne's price target from $25 to $29, maintaining an Outperform rating. Shares gained 2.9% to $25.26.
The increased price target and Outperform rating indicate strong positive sentiment, likely boosting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100