Tesla To Rally More Than 24%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several companies, including Tesla, ServiceNow, Rocket Lab, Synopsys, DBV Technologies, Teledyne Technologies, NextEra Energy Partners, CoStar Group, Amphenol, and East West Bancorp. These changes reflect varying degrees of optimism and caution about the companies' future performance.
October 24, 2024 | 12:19 pm
News sentiment analysis
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NEGATIVE IMPACT
BMO Capital cut CoStar Group's price target from $78 to $75, maintaining a Market Perform rating.
The reduction in price target suggests some caution, with the Market Perform rating indicating a neutral outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler cut Synopsys' price target from $687 to $670, maintaining an Overweight rating.
The reduction in price target suggests some caution, though the Overweight rating indicates continued positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
B of A Securities raised Amphenol's price target from $70 to $74, maintaining a Neutral rating.
The increased price target suggests some optimism, but the Neutral rating indicates a balanced view on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan cut NextEra Energy Partners' price target from $25 to $22, upgrading the stock from Underweight to Neutral.
The price target cut suggests caution, but the upgrade to Neutral indicates a more balanced view on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. raised DBV Technologies' price target from $5 to $7, maintaining a Buy rating.
The increased price target and Buy rating suggest strong positive sentiment and potential for stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stephens & Co. boosted East West Bancorp's price target from $91 to $104, maintaining an Overweight rating.
The increased price target and Overweight rating suggest positive expectations for East West Bancorp's future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird raised ServiceNow's price target from $900 to $975, maintaining an Outperform rating.
The increase in price target and maintained Outperform rating suggest positive sentiment and potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised Rocket Lab's price target from $11 to $12, maintaining an Overweight rating.
The raised price target and Overweight rating indicate positive expectations for Rocket Lab's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham boosted Teledyne Technologies' price target from $482 to $528, maintaining a Buy rating.
The raised price target and Buy rating indicate positive expectations for Teledyne Technologies' future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised Tesla's price target from $255 to $265, maintaining a Buy rating.
The raised price target and Buy rating indicate strong positive sentiment and potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80