Uber To Rally Over 33%? 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. Notable changes include upgrades for Air Products and Chemicals, Inc. (APD) and PDD Holdings Inc. (PDD), and a downgrade for Constellation Brands, Inc. (STZ). Uber Technologies, Inc. (UBER) received a price target boost from Truist Securities.
October 07, 2024 | 1:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Bernstein downgraded The Hershey Company (HSY) from Outperform to Market Perform and cut the price target from $230 to $205.
The downgrade and reduced price target indicate a less favorable outlook, likely resulting in a short-term price decline.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
B of A Securities downgraded Constellation Brands (STZ) from Buy to Neutral and slashed the price target from $300 to $255.
The downgrade and significant price target cut suggest negative sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Truist Securities raised the price target for Quest Diagnostics (DGX) from $158 to $165, maintaining a Hold rating.
The price target increase is modest and the Hold rating suggests a neutral outlook, likely resulting in minimal short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Piper Sandler cut Domino’s Pizza (DPZ) price target from $436 to $429, maintaining a Neutral rating.
The slight reduction in price target with a Neutral rating indicates a stable outlook, likely resulting in minimal short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Evercore ISI Group upgraded Air Products and Chemicals, Inc. (APD) from In-Line to Outperform and raised the price target from $305 to $365.
The upgrade and increased price target from a reputable analyst firm suggest positive future performance, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. raised BioNTech SE (BNTX) price target from $113 to $150, maintaining a Buy rating.
The maintained Buy rating and significant price target increase suggest strong positive sentiment, likely leading to a short-term price rise.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BMO Capital raised The Chemours Company (CC) price target from $30 to $32, maintaining an Outperform rating.
The maintained Outperform rating and increased price target suggest positive sentiment, likely supporting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Needham raised Payoneer Global (PAYO) price target from $9 to $10, maintaining a Buy rating.
The maintained Buy rating and increased price target suggest positive sentiment, likely supporting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Macquarie upgraded PDD Holdings Inc. (PDD) from Neutral to Outperform and raised the price target from $126 to $224.
The upgrade and substantial price target increase indicate strong positive sentiment, likely resulting in a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Truist Securities boosted Uber Technologies (UBER) price target from $88 to $99, maintaining a Buy rating.
The maintained Buy rating and increased price target suggest positive sentiment, likely supporting a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80