GE Vernova To Rally Over 30%? 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. Notably, GE Vernova Inc. (NYSE:GEV) received a significant price target increase from B of A Securities, boosting it from $200 to $300 and upgrading the stock to Buy. Other companies like Immunocore Holdings, Doximity, Adecoagro, Airbnb, Insulet, BioMarin Pharmaceutical, Topgolf Callaway Brands, Jabil, and Alcoa also saw changes in their price targets and ratings.
September 17, 2024 | 1:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Bernstein slashed Airbnb's price target from $174 to $155, maintaining an Outperform rating. Shares fell 0.2% to $117.55.
The significant reduction in price target suggests concerns, despite maintaining an Outperform rating, leading to a slight share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley cut Adecoagro's price target from $14.5 to $12.5, downgrading the stock to Equal-Weight. Shares fell 0.2% to $11.55.
The downgrade and reduced price target indicate a less favorable outlook, contributing to the slight decline in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stifel cut BioMarin Pharmaceutical's price target from $115 to $87, maintaining a Buy rating. Shares fell 17.7% to $69.86.
The drastic reduction in price target likely reflects significant concerns, leading to a substantial 17.7% drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Needham cut the price target for Immunocore Holdings from $81 to $78, maintaining a Buy rating. Shares fell 1.6% to $33.00.
The reduction in price target suggests a less optimistic outlook, which likely contributed to the 1.6% drop in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stifel slashed Jabil's price target from $135 to $130, maintaining a Buy rating. Shares fell 0.2% to $105.72.
The slight reduction in price target suggests minor concerns, contributing to a small decline in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TD Cowen cut Topgolf Callaway Brands' price target from $13 to $10, maintaining a Hold rating. Shares rose 2% to $10.40.
Despite the reduced price target, the share price rose, possibly due to other market factors or investor sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
B. Riley Securities raised Alcoa's price target from $37 to $41, maintaining a Neutral rating. Shares rose 6.1% to $34.50.
The increased price target suggests improved outlook, leading to a significant 6.1% rise in share price despite a Neutral rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird raised the price target for Doximity from $41 to $45, maintaining an Outperform rating. Shares rose 0.3% to $39.44.
The increase in price target and maintained Outperform rating indicate positive sentiment, reflected in the slight share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities boosted GE Vernova's price target from $200 to $300 and upgraded the stock to Buy. Shares rose 1.9% to $229.93.
The significant increase in price target and upgrade to Buy suggest strong positive sentiment, leading to a 1.9% rise in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler raised Insulet's price target from $230 to $285, maintaining an Overweight rating. Shares rose 0.01% to $233.89.
The increased price target and maintained Overweight rating indicate positive sentiment, though the share price change was minimal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80