Starbucks To Rally Around 21%? 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, including Starbucks, Pro-Dex, Summit Therapeutics, United States Steel, Costco, LGI Homes, Roblox, JetBlue, Colgate-Palmolive, and Nucor. Notably, BMO Capital raised Starbucks' price target from $100 to $110, maintaining an Outperform rating.
September 09, 2024 | 1:05 pm
News sentiment analysis
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POSITIVE IMPACT
Morgan Stanley raised Costco's price target from $855 to $950, maintaining an Overweight rating. Shares fell 1.1% on Friday.
The significant increase in price target and maintained Overweight rating suggest strong future performance, likely to positively impact the stock price despite the recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised JetBlue's price target from $3 to $6 and upgraded the stock from Underperform to Neutral. Shares fell 1.7% on Friday.
The upgrade to Neutral and doubled price target by B of A Securities indicate improved prospects, likely to positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wedbush raised LGI Homes' price target from $97 to $125 and upgraded the stock from Underperform to Neutral. Shares rose 0.8% on Friday.
The upgrade to Neutral and increased price target by Wedbush indicate improved sentiment, likely to support further stock price appreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan raised Nucor's price target from $170 to $174 and upgraded the stock from Neutral to Overweight. Shares fell 0.6% on Friday.
The upgrade to Overweight and increased price target by JP Morgan suggest positive outlook, likely to support a rebound in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Ascendiant Capital raised Pro-Dex's price target from $28 to $30, maintaining a Buy rating. Shares gained 4.2% on Friday.
The increase in price target and maintained Buy rating by Ascendiant Capital suggests positive sentiment, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BTIG raised Roblox's price target from $47 to $51, maintaining a Buy rating. Shares fell 0.2% on Friday.
The increased price target and maintained Buy rating by BTIG suggest positive outlook, likely to support a rebound in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BMO Capital raised Starbucks' price target from $100 to $110, maintaining an Outperform rating. Shares fell 0.5% on Friday.
The increased price target and maintained Outperform rating by BMO Capital indicate strong future potential, likely to positively impact the stock price despite the recent decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. raised Summit Therapeutics' price target from $16 to $30, maintaining a Buy rating. Shares fell 1.8% on Friday.
Despite the recent share price drop, the significant increase in price target and maintained Buy rating indicate strong future potential, likely to positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan raised United States Steel's price target from $40 to $42 and upgraded the stock from Neutral to Overweight. Shares gained 4.3% on Friday.
The upgrade to Overweight and increased price target by JP Morgan are strong positive signals, likely to drive further gains in the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Deutsche Bank raised Colgate-Palmolive's price target from $107 to $109 but downgraded the stock from Buy to Hold. Shares fell 0.6% on Friday.
The downgrade to Hold despite a slight increase in price target suggests mixed sentiment, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80