NVIDIA To Rally Around 39%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several major companies. Notable changes include NVIDIA's target raised by B of A Securities, Blackstone's by TD Cowen, and Netflix's by Bernstein. These updates reflect varying levels of confidence in the companies' future performance.
October 18, 2024 | 3:34 pm
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POSITIVE IMPACT
Bernstein raised Netflix's price target from $625 to $780, maintaining a Market Perform rating. This reflects a positive long-term view.
The significant increase in price target suggests a strong positive outlook, although the Market Perform rating tempers expectations, likely leading to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
B of A Securities raised NVIDIA's price target from $165 to $190, maintaining a Buy rating. This suggests confidence in NVIDIA's growth potential.
The increase in price target and the Buy rating from a reputable analyst firm like B of A Securities indicates strong confidence in NVIDIA's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
UBS increased Uber's price target from $102 to $114, maintaining a Buy rating. This indicates strong confidence in Uber's growth potential.
The increase in price target and the Buy rating from UBS suggest strong confidence in Uber's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
TD Cowen raised Blackstone's price target from $133 to $149, maintaining a Hold rating. This indicates a moderate positive outlook.
The price target increase suggests a positive outlook, but the Hold rating indicates a more cautious stance, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80