Robinhood To Rally Around 12%? 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, including Lumentum Holdings, PPL Corporation, monday.com, Sportradar Group, Gilead Sciences, ASML Holding, Stanley Black & Decker, Robinhood Markets, Ulta Beauty, and Schlumberger. These changes reflect varying degrees of optimism and caution among analysts.
October 21, 2024 | 2:18 pm
News sentiment analysis
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POSITIVE IMPACT
Leerink Partners raised Gilead's price target from $74 to $96, upgrading the stock from Market Perform to Outperform. Shares closed at $86.72.
The upgrade to Outperform and significant price target increase suggest strong growth potential, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Robinhood's price target from $25 to $30, maintaining an Overweight rating. Shares closed at $26.83.
The increased price target and maintained Overweight rating suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Susquehanna raised Lumentum's price target from $70 to $80, maintaining a Positive rating. Shares closed at $66.23.
The increase in price target by Susquehanna suggests a positive outlook, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised monday.com's price target from $300 to $340, maintaining an Overweight rating. Shares closed at $287.31.
The significant increase in price target and maintained Overweight rating suggest strong growth potential, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Barclays increased PPL's price target from $30 to $34, maintaining an Equal-Weight rating. Shares closed at $32.66.
The raised price target indicates a positive sentiment, which may lead to a short-term increase in PPL's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JP Morgan raised Sportradar's price target from $12 to $15, upgrading the stock from Neutral to Overweight. Shares closed at $12.39.
The upgrade to Overweight and increased price target indicate a positive outlook, likely resulting in a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
JP Morgan raised Ulta Beauty's price target from $450 to $472, maintaining an Overweight rating. Shares closed at $368.92.
The increased price target and maintained Overweight rating suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Baird raised Stanley Black & Decker's price target from $94 to $104, maintaining a Neutral rating. Shares closed at $106.40.
The price target increase is positive, but the Neutral rating suggests limited short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Bernstein cut ASML's price target from $1,052 to $815, maintaining an Outperform rating. Shares closed at $723.26.
The reduced price target may indicate caution, potentially leading to a short-term decrease in ASML's stock price despite the maintained Outperform rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Barclays cut Schlumberger's price target from $63 to $61, maintaining an Overweight rating. Shares closed at $41.92.
The reduced price target may indicate caution, potentially leading to a short-term decrease in SLB's stock price despite the maintained Overweight rating.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70