Meta To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several major companies, including Starbucks, Meta Platforms, Crocs, McDonald's, Cintas, On Holding, Lightspeed Commerce, Ecolab, Flutter Entertainment, and State Street. Notably, Meta Platforms received a significant price target increase from JMP Securities.
September 26, 2024 | 12:45 pm
News sentiment analysis
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NEUTRAL IMPACT
Keybanc raised Crocs' price target from $149 to $155, maintaining an Overweight rating. Shares fell 1.2%.
Despite the price target increase, the stock fell, indicating mixed market sentiment or external factors affecting the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Baird raised Cintas' price target from $194 to $209, maintaining a Neutral rating. Shares gained 1.2%.
The price target increase is positive, but the Neutral rating suggests limited short-term upside potential.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Keybanc raised On Holding's price target from $47 to $60, maintaining an Overweight rating. Shares fell 0.7%.
Despite the positive price target revision, the stock's decline suggests other factors may be influencing investor sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Goldman Sachs raised State Street's price target from $98 to $100, maintaining a Buy rating. Shares fell 0.5%.
Despite the positive price target revision, the stock's decline suggests other factors may be influencing investor sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Piper Sandler raised Ecolab's price target from $270 to $305, maintaining an Overweight rating. Shares gained 0.2%.
The price target increase and positive rating suggest a favorable outlook, likely supporting a slight positive movement in the stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Benchmark raised Flutter Entertainment's price target from $255 to $265, maintaining a Buy rating. Shares gained 5.1%.
The significant share price increase following the target raise and positive rating indicates strong investor confidence and potential for further gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BMO Capital raised Lightspeed Commerce's price target from $18 to $20, maintaining an Outperform rating. Shares jumped 12.9%.
The significant share price increase following the target raise and positive rating indicates strong investor confidence and potential for further gains.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Baird raised McDonald's price target from $280 to $320, maintaining an Outperform rating. Shares rose 0.1%.
The price target increase and positive rating suggest a favorable outlook, likely supporting a slight positive movement in the stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
JMP Securities raised Meta's price target from $550 to $635, maintaining a Market Outperform rating. Shares increased by 0.9%.
A significant price target increase suggests strong future performance expectations, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bernstein upgraded Starbucks to Outperform and raised its price target from $92 to $115, leading to a 1.2% increase in share price.
The upgrade and increased price target from a reputable analyst can boost investor confidence, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80