Alphabet To $200? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several companies, including Domino's Pizza, Spotify, Wingstop, Alphabet, Summit Therapeutics, Vail Resorts, Ally Financial, ONEOK, e.l.f. Beauty, and RH. These changes reflect varying outlooks on these stocks, with some targets being raised and others lowered.
September 16, 2024 | 12:35 pm
News sentiment analysis
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NEGATIVE IMPACT
TD Cowen cut Domino's Pizza price target from $520 to $475, maintaining a Buy rating. Shares fell 0.5% to $402.52.
The reduction in price target suggests a less optimistic outlook, which could pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler slashed e.l.f. Beauty's price target from $260 to $162, maintaining an Overweight rating. Shares rose 1.7% to $116.63.
The significant price target cut suggests caution, but the maintained Overweight rating and share price increase indicate mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Deutsche Bank slashed Vail Resorts' price target from $218 to $194, maintaining a Hold rating. Shares rose 1% to $180.00.
The price target cut indicates a cautious outlook, which could weigh on the stock despite the recent share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Keefe, Bruyette & Woods cut Ally Financial's price target from $50 to $44, maintaining an Outperform rating. Shares rose 0.4% to $32.97.
The price target reduction suggests caution, but the maintained Outperform rating and share price increase indicate mixed sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Evercore ISI Group cut Alphabet's price target from $225 to $200, maintaining an Outperform rating. Shares rose 1.8% to $157.46.
The price target cut suggests caution, but the maintained Outperform rating and share price increase indicate mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley increased ONEOK's price target from $103 to $111, upgrading the stock to Overweight. Shares rose 1% to $91.37.
The price target increase and upgrade to Overweight suggest a positive outlook, likely supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Loop Capital raised RH's price target from $230 to $320, maintaining a Hold rating. Shares rose 25.5% to $321.87.
The substantial price target increase and significant share price gain suggest strong positive sentiment and potential for further upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. raised Summit Therapeutics' price target from $30 to $45, maintaining a Buy rating. Shares gained 16.5% to $31.93.
The significant price target increase and share price gain suggest strong positive sentiment and potential for further upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised Spotify's price target from $420 to $440, maintaining an Overweight rating. Shares rose 0.1% to $337.90.
The increase in price target and maintained Overweight rating indicate a positive outlook, likely supporting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wedbush boosted Wingstop's price target from $425 to $440, maintaining an Outperform rating. Shares fell 0.2% to $394.81.
Despite the price target increase, the slight share price decline suggests mixed market sentiment, but the outlook remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80