Palo Alto Networks To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Affirm Holdings, Cinemark Holdings, Mobileye Global, Palo Alto Networks, Valneva SE, eBay, Kinder Morgan, Chipotle Mexican Grill, Ferrari, and Walgreens Boots Alliance. Notable changes include upgrades for Affirm and Kinder Morgan, and a significant downgrade for Mobileye.
October 11, 2024 | 1:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Mizuho downgraded Mobileye Global from Outperform to Neutral and cut the price target from $30 to $13.
The downgrade and significant reduction in price target are likely to negatively impact Mobileye's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Morgan Stanley maintained an Underweight rating on Walgreens Boots Alliance and cut the price target from $9 to $7.
The maintained Underweight rating and reduced price target suggest negative sentiment, likely impacting Walgreens' stock price negatively.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Piper Sandler maintained a Neutral rating on Chipotle Mexican Grill and raised the price target from $56 to $59.
The Neutral rating suggests limited short-term impact, despite the slight increase in price target.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
HC Wainwright & Co. maintained a Buy rating on Valneva SE but cut the price target from $23 to $20.
The maintained Buy rating suggests continued positive sentiment, but the reduced price target may limit upside potential.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Wells Fargo upgraded Affirm Holdings from Equal-Weight to Overweight and raised the price target from $40 to $52.
The upgrade and increased price target from a major bank like Wells Fargo is likely to positively impact Affirm's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley maintained an Overweight rating on Cinemark Holdings and raised the price target from $29 to $35.
The maintained Overweight rating and increased price target suggest positive sentiment, likely boosting Cinemark's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Baird maintained an Outperform rating on eBay and raised the price target from $62 to $70.
The Outperform rating and increased price target suggest positive expectations, likely benefiting eBay's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
B of A Securities upgraded Kinder Morgan from Neutral to Buy and raised the price target from $23 to $27.
The upgrade to Buy and increased price target are likely to positively impact Kinder Morgan's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley maintained an Overweight rating on Palo Alto Networks and raised the price target from $390 to $421.
The maintained Overweight rating and increased price target indicate positive expectations, likely supporting a rise in Palo Alto's stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
JP Morgan upgraded Ferrari from Neutral to Overweight and raised the price target from $385 to $525.
The upgrade to Overweight and significant increase in price target are likely to positively impact Ferrari's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80