Meta To Rally Around 13%? 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 companies, including Meta Platforms, Clear Secure, Phunware, Jack Henry & Associates, O-I Glass, Synchrony Financial, DoorDash, Lennox International, Abbott Laboratories, and Spire Inc. Notably, Meta Platforms' price target was raised by Mizuho, but its shares fell slightly.
October 17, 2024 | 12:37 pm
News sentiment analysis
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NEGATIVE IMPACT
Ladenburg Thalmann cut Spire's price target from $65.5 to $60.5 and downgraded the stock from Neutral to Sell. Shares closed at $65.56.
The downgrade to Sell and reduction in price target by Ladenburg Thalmann suggests a negative outlook, likely leading to a negative short-term impact on Spire's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Baird raised Jack Henry & Associates' price target from $186 to $195, maintaining a Neutral rating. Shares gained 0.5% to $185.67.
The price target increase by Baird with a Neutral rating led to a modest 0.5% increase in share price, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Mizuho raised Meta Platforms' price target from $600 to $650, maintaining an Outperform rating. Despite this, Meta shares fell 1.6% to $576.79.
The increase in price target by Mizuho suggests positive long-term expectations, but the immediate market reaction was negative, as evidenced by the 1.6% drop in share price. This indicates a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities raised O-I Glass' price target from $14 to $16 and upgraded the stock from Neutral to Buy. Shares fell 0.3% to $12.73.
Despite the upgrade to Buy and increased price target, O-I Glass shares fell slightly, indicating a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Morgan Stanley raised Abbott Laboratories' price target from $107 to $117, maintaining an Equal-Weight rating. Shares rose 1.5% to $117.82.
The increase in price target by Morgan Stanley with an Equal-Weight rating led to a 1.5% rise in Abbott's share price, suggesting a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Benchmark raised DoorDash's price target from $152 to $173, maintaining a Buy rating. Shares gained 0.7% to $149.86.
The increase in price target and Buy rating from Benchmark resulted in a modest 0.7% rise in DoorDash's share price, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Mizuho raised Lennox International's price target from $575 to $650, maintaining an Outperform rating. Shares gained 0.9% to $600.54.
The positive price target revision and Outperform rating from Mizuho led to a 0.9% increase in Lennox International's share price, indicating a likely positive short-term impact.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
HC Wainwright & Co. raised Phunware's price target from $7 to $9, maintaining a Buy rating. Shares climbed 17.6% to $6.34.
The significant increase in price target and the Buy rating from HC Wainwright resulted in a substantial 17.6% rise in Phunware's share price, suggesting a strong positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank raised Synchrony Financial's price target from $58 to $68, maintaining a Buy rating. Shares gained 6.1% to $56.52.
The positive price target revision and Buy rating from Deutsche Bank led to a 6.1% increase in Synchrony Financial's share price, indicating a likely positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised Clear Secure's price target from $40 to $45, maintaining a Buy rating. Shares gained 5.2% to close at $37.35.
The positive price target revision and Buy rating from Needham led to a 5.2% increase in Clear Secure's share price, indicating a likely positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80