Tesla To Rally Around 11%? 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 Tesla, AAON, Saia, Nutanix, and others. Notably, Canaccord Genuity raised Tesla's price target from $278 to $298, maintaining a Buy rating.
October 28, 2024 | 1:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Piper Sandler cut Wayfair's price target from $67 to $63, maintaining an Overweight rating. Wayfair shares settled at $44.39.
The reduction in price target, despite an Overweight rating, suggests potential challenges, likely leading to a short-term decrease in Wayfair's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Needham cut DENTSPLY SIRONA's price target from $34 to $29, maintaining a Buy rating. DENTSPLY SIRONA shares closed at $23.31.
The reduction in price target, despite a maintained Buy rating, indicates potential challenges, likely leading to a short-term decrease in DENTSPLY SIRONA's stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
BMO Capital cut Hexcel's price target from $70 to $68, maintaining a Market Perform rating. Hexcel shares closed at $62.53.
The reduction in price target, along with a Market Perform rating, suggests a neutral outlook, indicating limited short-term impact on Hexcel's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
BMO Capital increased Saia's price target from $465 to $495, maintaining a Market Perform rating. Saia shares closed at $461.65.
While the price target for Saia was increased, the Market Perform rating suggests a neutral outlook, indicating limited short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Baird raised AAON's price target from $114 to $130 and upgraded the stock from Neutral to Outperform. AAON shares closed at $111.19.
Baird's upgrade and increased price target for AAON indicate a positive shift in analyst sentiment, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised CME Group's price target from $240 to $250, maintaining an Overweight rating. CME Group shares closed at $226.14.
The increased price target and maintained Overweight rating suggest a positive outlook, likely leading to a short-term increase in CME Group's stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Morgan Stanley raised Nutanix's price target from $71 to $72 and upgraded the stock from Equal-Weight to Overweight. Nutanix shares closed at $61.59.
The upgrade to Overweight and increased price target by Morgan Stanley suggest a positive outlook, likely leading to a short-term increase in Nutanix's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Benchmark raised Plexus's price target from $150 to $165, maintaining a Buy rating. Plexus shares closed at $141.19.
The increased price target and maintained Buy rating suggest a positive outlook, likely leading to a short-term increase in Plexus's stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Canaccord Genuity raised Tesla's price target from $278 to $298, maintaining a Buy rating. Tesla shares closed at $269.19 on Friday.
The increase in Tesla's price target by Canaccord Genuity, along with a maintained Buy rating, suggests a positive outlook from analysts, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Keybanc boosted Walmart's price target from $86 to $87, maintaining an Overweight rating. Walmart shares closed at $82.51.
The slight increase in price target and maintained Overweight rating suggest a positive outlook, likely leading to a modest short-term increase in Walmart's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70