CrowdStrike To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Autodesk, MongoDB, Victoria's Secret, CrowdStrike, Kohl's, Elastic, Dollar General, Stratasys, and Best Buy. Notably, HSBC upgraded CrowdStrike to Buy with a higher price target, while Morgan Stanley significantly cut Dollar General's price target.
August 30, 2024 | 12:11 pm
News sentiment analysis
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POSITIVE IMPACT
Autodesk received price target increases from Mizuho and Piper Sandler, maintaining a Neutral rating. Shares gained 1.4%.
Two analysts raised their price targets for Autodesk, indicating positive sentiment. The stock's price increase suggests a favorable short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Loop Capital raised Best Buy's price target to $110, maintaining a Buy rating. Shares gained 14.1%.
The increased price target and maintained Buy rating suggest strong confidence in Best Buy's performance, reflected in the significant share price rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
HSBC upgraded CrowdStrike to Buy with a price target increase to $339. Shares gained 2.8%.
The upgrade to Buy and increased price target by HSBC reflect strong confidence in CrowdStrike's prospects, leading to a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley raised MongoDB's price target to $340, maintaining an Overweight rating. Shares rose 4.4%.
The increase in price target and maintained Overweight rating by Morgan Stanley suggests strong confidence in MongoDB's performance, reflected in the stock's rise.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TD Cowen downgraded Kohl's to Hold with a reduced price target of $21. Shares gained 0.6%.
The downgrade and reduced price target suggest caution, but the slight share price increase indicates mixed market reactions.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley downgraded Dollar General to Equal-Weight with a drastic price target cut to $100. Shares fell 32.2%.
The downgrade and drastic price target cut reflect severe negative sentiment, leading to a significant drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Baird downgraded Elastic to Neutral with a significant price target cut to $95. Shares rose 0.6%.
The downgrade and significant price target reduction indicate negative sentiment, though the share price increase suggests some market optimism.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham maintained a Buy rating for Stratasys but cut the price target to $10. Shares fell 9.9%.
The maintained Buy rating contrasts with the reduced price target, but the share price drop indicates market concerns.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
B of A Securities raised Victoria's Secret's price target to $21 but maintained an Underperform rating. Shares fell 3.7%.
Despite a higher price target, the maintained Underperform rating and share price drop indicate negative sentiment and potential short-term challenges.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80