Alphabet To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several major companies. Notable changes include Barclays cutting Qorvo's target, B of A Securities raising Snap's target, and Truist Securities boosting Alphabet's target. These updates reflect varying outlooks on these stocks.
October 30, 2024 | 6:12 pm
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NEGATIVE IMPACT
Barclays cut Qorvo's price target from $120 to $90, maintaining an Equal-Weight rating. This suggests a cautious outlook on Qorvo's stock performance.
The reduction in price target by Barclays indicates a less optimistic view on Qorvo's future performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Northland Capital Markets slashed Transcat's price target from $130 to $110, maintaining a Market Perform rating. This indicates a less favorable outlook.
The significant reduction in price target suggests a negative outlook, likely leading to a downward pressure on Transcat's stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Stephens & Co. cut Chipotle's price target from $66 to $65, maintaining an Equal-Weight rating. This minor adjustment suggests a stable outlook.
The minor reduction in price target indicates a stable outlook, likely resulting in a neutral short-term impact on Chipotle's stock.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Jefferies cut e.l.f. Beauty's price target from $220 to $175, maintaining a Buy rating. Despite the cut, the Buy rating suggests confidence in the stock.
The reduction in price target is offset by the maintained Buy rating, suggesting continued confidence in the stock, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Morgan Stanley raised Zebra Technologies' price target from $290 to $305, maintaining an Underweight rating. Despite the increase, the Underweight rating suggests caution.
While the price target was increased, the Underweight rating indicates a cautious approach, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Roth MKM increased Electronic Arts' price target from $154 to $158, maintaining a Neutral rating. This reflects a slightly improved outlook.
The slight increase in price target suggests a marginally positive outlook, which could lead to a small uptick in Electronic Arts' stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Truist Securities boosted Alphabet's price target from $220 to $225, maintaining a Buy rating. This indicates a positive outlook for Alphabet.
The increase in price target along with a Buy rating suggests a positive outlook, likely leading to an upward movement in Alphabet's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Canaccord Genuity raised PayPal's price target from $80 to $96, maintaining a Buy rating. This indicates a positive outlook for PayPal.
The increase in price target along with a Buy rating suggests a positive outlook, likely leading to an upward movement in PayPal's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
B of A Securities raised Snap's price target from $13 to $14, maintaining a Neutral rating. This reflects a slightly improved outlook for Snap.
The increase in price target by B of A Securities suggests a marginally positive outlook for Snap, which could lead to a slight uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
CIBC boosted Waste Management's price target from $213 to $228, maintaining a Neutral rating. This reflects a slightly improved outlook.
The increase in price target suggests a slightly positive outlook, which could lead to a modest uptick in Waste Management's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70