Netflix To Rally Around 9%? 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 Netflix, AvalonBay, Versus Systems, Coterra Energy, Hershey, Twilio, Cogent Communications, Napco Security, Coca-Cola, and Frontier Communications. Notably, Netflix's price target was raised by Evercore ISI Group, indicating a positive outlook.
August 27, 2024 | 12:32 pm
News sentiment analysis
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POSITIVE IMPACT
Keybanc raised Cogent Communications' price target from $80 to $90, maintaining an Overweight rating. Shares fell 0.2% to $72.81.
The increased price target and Overweight rating suggest a positive outlook, which could attract investor interest and potentially lead to a rise in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Roth MKM raised Coterra Energy's price target from $25 to $29, upgrading the stock from Neutral to Buy. Shares gained 0.2% to $24.20.
The upgrade to Buy and increased price target suggest a positive outlook, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Benchmark raised Frontier Communications' price target from $35 to $37, maintaining a Buy rating. Shares rose 2.9% to $29.46.
The increased price target and Buy rating suggest a positive outlook, which could lead to further gains in stock price as investor sentiment improves.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley boosted Coca-Cola's price target from $70 to $78, maintaining an Overweight rating. Shares gained 1.5% to $70.84.
The increased price target and Overweight rating indicate a strong positive outlook, likely boosting investor confidence and potentially driving the stock price higher.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Evercore ISI Group raised Netflix's price target from $710 to $750, maintaining an Outperform rating. Netflix shares rose 0.3% to $688.44.
The increase in price target and maintained Outperform rating by a reputable analyst suggests a positive outlook for Netflix, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Needham increased Napco Security's price target from $52 to $57, maintaining a Buy rating. Shares fell 14.6% to $47.38.
Despite the recent drop in stock price, the increased price target and Buy rating suggest a positive long-term outlook, which may eventually lead to a recovery in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Truist Securities raised AvalonBay's price target from $213 to $230, maintaining a Hold rating. Shares fell 0.8% to $219.92.
Despite the raised price target, the Hold rating suggests a neutral outlook, which may not significantly impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bernstein raised Twilio's price target from $68 to $70, maintaining a Market Perform rating. Shares fell 0.2% to $60.67.
The slight increase in price target with a Market Perform rating suggests a neutral outlook, likely resulting in minimal short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Citigroup cut Hershey's price target from $195 to $182, downgrading the stock from Neutral to Sell. Shares gained 0.04% to $196.41.
The downgrade to Sell and reduced price target indicate a negative outlook, which could lead to a decrease in stock price as investors react to the downgrade.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
HC Wainwright & Co. lowered Versus Systems' price target from $2 to $1.5, maintaining a Neutral rating. Shares fell 4.3% to $1.35.
The lowered price target and Neutral rating indicate a negative outlook, likely contributing to the recent decline in stock price and potentially leading to further short-term decreases.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80