Meta Platforms To Rally Around 33%? 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 Meta Platforms, Hub Group, Brinker International, Microsoft, XPO, The Hershey Company, Coinbase Global, Riot Platforms, Waste Management, and Alkami Technology. Notably, Mizuho raised Meta Platforms' price target, indicating a potential 33% rally.
October 31, 2024 | 5:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jefferies cut The Hershey Company's price target from $163 to $161, maintaining an Underperform rating. The stock closed at $177.50.
The reduction in price target and Underperform rating suggest a negative short-term outlook for Hershey.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Mizuho raised Coinbase's price target from $160 to $178, maintaining an Underperform rating. The stock closed at $211.74.
Despite the price target increase, the Underperform rating suggests limited short-term upside potential.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Barclays raised Brinker International's price target from $76 to $95, maintaining an Equal-Weight rating. The stock closed at $104.25.
The price target increase is positive, but the Equal-Weight rating suggests a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
TD Cowen raised Hub Group's price target from $43 to $49, maintaining a Hold rating. The stock closed at $43.75.
The price target increase suggests a positive outlook, but the Hold rating indicates limited short-term upside potential.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
JP Morgan cut Microsoft's price target from $470 to $465, maintaining an Overweight rating. The stock closed at $432.53.
The slight reduction in price target may have a neutral impact as the Overweight rating still indicates a positive long-term outlook.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Compass Point cut Riot Platforms' price target from $18 to $13, maintaining a Buy rating. The stock closed at $10.48.
The reduction in price target is negative, but the Buy rating suggests potential for recovery, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Craig-Hallum increased Alkami Technology's price target from $38 to $45, maintaining a Buy rating. The stock closed at $38.18.
The increase in price target and Buy rating suggest a positive short-term outlook for Alkami Technology.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Mizuho raised Meta Platforms' price target from $650 to $675, maintaining an Outperform rating. This suggests a potential 33% rally from the current price of $591.80.
The increase in price target by Mizuho, along with an Outperform rating, suggests strong confidence in Meta's future performance, likely boosting investor sentiment and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Argus Research raised Waste Management's price target from $230 to $240, maintaining a Buy rating. The stock closed at $214.82.
The increase in price target and Buy rating suggest a positive short-term outlook for Waste Management.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Oppenheimer increased XPO's price target from $140 to $148, maintaining an Outperform rating. The stock closed at $133.99.
The increase in price target and Outperform rating suggest a positive short-term outlook for XPO.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70