Wall Street analysts have been busy revising their outlooks on several prominent companies, leading to notable shifts in price targets and ratings. Let’s take a closer look at some of the key changes that have caught investors’ attention.
Aspen Technology
saw its price target lifted by Piper Sandler, moving from $200 to $217. Despite this positive adjustment, analyst Clarke Jeffries maintained a Neutral rating on the stock. Aspen Technology shares closed at $233.54 on Tuesday, reflecting a 3.3% increase for the day.NMI Holdings
received an upgrade from RBC Capital, with the price target rising from $40 to $48. Analyst Scott Heleniak upgraded the stock from Sector Perform to Outperform, signaling a more optimistic view of the company’s prospects. However, NMI Holdings shares closed at $41.15 on Tuesday, down 1.4% for the day.Longboard Pharmaceuticals
experienced a significant price target increase from HC Wainwright & Co., moving from $60 to $80. While analyst Patrick Trucchio maintained a Buy rating, the stock closed at $27.58 on Tuesday, representing a 10.3% decline.Belden Inc.
saw its price target raised by Benchmark from $115 to $120. Analyst Reuben Garner remained bullish on the stock, maintaining a Buy rating. Belden shares closed at $106.29 on Tuesday, up 2.9% for the day.Starbucks Corporation
received a price target boost from B of A Securities, increasing from $112 to $118. Analyst Sara Senatore maintained a Buy rating on the coffee giant. Starbucks shares closed slightly higher at $96.44 on Tuesday, up 0.1% for the day.Workday, Inc.
faced a price target reduction from Needham, dropping from $350 to $300. Analyst Scott Berg, however, maintained a Buy rating on the software company. Workday shares closed at $248.12 on Tuesday, down 0.4% for the day.Ferguson Enterprises Inc.
saw its price target raised by Baird from $222 to $225. Analyst David Manthey remained optimistic, maintaining an Outperform rating. Ferguson Enterprises shares closed at $207.06 on Tuesday, up 5% for the day.FedEx Corporation
experienced a price target cut from B of A Securities, declining from $347 to $345. Despite this adjustment, analyst Ken Hoexter maintained a Buy rating on the shipping giant. FedEx shares closed at $297.34 on Tuesday, up 1.6% for the day.The Progressive Corporation
received a price target increase from Goldman Sachs, moving from $262 to $280. Analyst Alex Scott maintained a Buy rating on the insurance company. Progressive shares closed at $256.91 on Tuesday, up 0.2% for the day.Zoetis Inc.
saw its price target lifted by Stifel from $200 to $210. Analyst Jonathan Block maintained a Buy rating on the animal health company. Zoetis shares closed at $195.71 on Tuesday, up 0.8% for the day.These changes in analyst ratings provide valuable insights into the market’s perception of these companies and can influence investment decisions. It’s important to note that these are just a few examples, and investors should conduct thorough research and consult with a financial advisor before making any investment choices.
