Alphabet To $190? 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 major companies, including Alphabet, Southwest Airlines, CME Group, Guidewire Software, Verb Technology, The Progressive Corporation, NetApp, International Flavors & Fragrances, Bilibili, and Boeing. These changes reflect varying outlooks on the companies' future performance.
September 03, 2024 | 12:50 pm
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NEGATIVE IMPACT
Wells Fargo downgraded Boeing to Underweight and slashed the price target from $185 to $119.
The downgrade and significant reduction in price target indicate a negative outlook, likely leading to a short-term decline in Boeing's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
B of A Securities downgraded CME Group to Underperform and cut the price target from $212 to $177.
The downgrade and reduced price target indicate a negative outlook, which could lead to a short-term decline in CME Group's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley maintained an Overweight rating for Alphabet but cut the price target from $205 to $190.
The maintained Overweight rating suggests continued confidence, but the reduced price target indicates tempered expectations, resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ascendiant Capital cut Verb Technology's price target from $4.5 to $4 but maintained a Buy rating.
Despite the price target cut, the maintained Buy rating suggests a neutral short-term impact on Verb Technology's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
B of A Securities raised Bilibili's price target from $18 to $19, maintaining a Buy rating.
The maintained Buy rating and slight increase in price target suggest a positive short-term outlook for Bilibili's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Baird raised Guidewire Software's price target from $152 to $165, maintaining an Outperform rating.
The maintained Outperform rating and increased price target suggest a positive outlook, likely supporting a short-term rise in Guidewire's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mizuho upgraded International Flavors & Fragrances to Outperform and raised the price target from $109 to $120.
The upgrade and increased price target indicate a positive outlook, likely leading to a short-term rise in IFF's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Evercore ISI Group raised Southwest Airlines' price target from $30 to $35 and upgraded the stock to Outperform.
The upgrade and increased price target suggest positive expectations for Southwest Airlines, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Loop Capital upgraded NetApp to Buy and raised the price target from $121 to $150.
The upgrade to Buy and increased price target suggest a strong positive outlook, likely boosting NetApp's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keefe, Bruyette & Woods raised The Progressive Corporation's price target from $255 to $275, maintaining an Outperform rating.
The increased price target and maintained Outperform rating indicate a positive outlook, likely leading to a short-term increase in Progressive's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70