Starbucks To Rally More Than 22%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Starbucks, Aspen Technology, and NMI Holdings. Notably, Starbucks received a price target increase from B of A Securities, indicating potential growth.
September 18, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Needham cut Workday's price target from $350 to $300, maintaining a Buy rating. Shares fell 0.4% to $248.12.
The price target cut suggests caution, and the slight share price decline reflects market concerns.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
B of A Securities cut FedEx's price target from $347 to $345, maintaining a Buy rating. Shares rose 1.6% to $297.34.
The minor price target cut is offset by the share price gain, indicating mixed market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
HC Wainwright & Co. raised Longboard Pharmaceuticals' price target from $60 to $80, maintaining a Buy rating. Shares fell 10.3% to $27.58.
Despite a higher price target, the significant share price drop indicates market skepticism or other negative factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised Aspen Technology's price target from $200 to $217, maintaining a Neutral rating. Shares gained 3.3% to close at $233.54.
The price target increase suggests positive sentiment, and the stock's recent gain indicates market confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Benchmark increased Belden's price target from $115 to $120, maintaining a Buy rating. Shares gained 2.9% to $106.29.
The price target increase and share price gain suggest positive market sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird raised Ferguson Enterprises' price target from $222 to $225, maintaining an Outperform rating. Shares gained 5% to $207.06.
The price target increase and significant share price gain indicate strong market confidence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RBC Capital upgraded NMI Holdings to Outperform and raised the price target from $40 to $48. Despite this, shares fell 1.4% to $41.15.
The upgrade and price target increase are positive, but the stock's decline suggests mixed market reactions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs raised Progressive's price target from $262 to $280, maintaining a Buy rating. Shares rose 0.2% to $256.91.
The price target increase and Buy rating suggest positive expectations for Progressive's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised Starbucks' price target from $112 to $118, maintaining a Buy rating. Shares rose 0.1% to $96.44.
The price target increase and Buy rating indicate positive expectations for Starbucks' performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Stifel raised Zoetis' price target from $200 to $210, maintaining a Buy rating. Shares rose 0.8% to $195.71.
The price target increase and share price gain indicate positive market sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80