The financial world is in constant motion, and Wall Street analysts are at the forefront of tracking these shifts. This week saw a flurry of adjustments to price targets and ratings, offering investors valuable insights into the evolving landscape of various companies. Let’s delve into the key changes impacting some prominent names.
Hub Group, Inc. (HUBG)
saw its price target bumped up from $43 to $49 by TD Cowen analyst Jason Seidl. While maintaining a Hold rating, the increased target suggests a more optimistic outlook on the company’s future performance. Hub Group shares closed at $43.75 on Wednesday.
Brinker International, Inc. (EAT)
received a boost in price target from Barclays analyst Jeffrey Bernstein, who raised it from $76 to $95. Despite maintaining an Equal-Weight rating, this upward adjustment signals a positive view on the company’s potential. Brinker shares ended Wednesday at $104.25.
Microsoft Corporation (MSFT)
experienced a slight downward adjustment in price target from JP Morgan analyst Mark Murphy, who lowered it from $470 to $465. However, Murphy maintained an Overweight rating, suggesting continued confidence in the company’s growth trajectory. Microsoft shares closed at $432.53 on Wednesday.
XPO, Inc. (XPO)
saw its price target elevated from $140 to $148 by Oppenheimer analyst Scott Schneeberger, who affirmed an Outperform rating. This move underscores the analyst’s bullish stance on the company’s future prospects. XPO shares settled at $133.99 on Wednesday.
The Hershey Company (HSY)
faced a downward revision in price target from Jefferies analyst Rob Dickerson, who reduced it from $163 to $161. While retaining an Underperform rating, this adjustment reflects a cautious perspective on the company’s immediate performance. Hershey shares closed at $177.50 on Wednesday.
Coinbase Global, Inc. (COIN)
received an upward adjustment in price target from Mizuho analyst Dan Dolev, who raised it from $160 to $178. Despite maintaining an Underperform rating, this move suggests a more optimistic view on the company’s potential. Coinbase shares closed at $211.74 on Wednesday.
Riot Platforms, Inc. (RIOT)
experienced a significant downward revision in price target from Compass Point analyst Chase White, who lowered it from $18 to $13. Notably, White maintained a Buy rating, indicating a belief in the company’s long-term growth despite near-term challenges. Riot Platforms shares settled at $10.48 on Wednesday.
Waste Management, Inc. (WM)
saw its price target elevated from $230 to $240 by Argus Research analyst David Coleman, who affirmed a Buy rating. This move underscores the analyst’s bullish stance on the company’s future prospects. Waste Management shares closed at $214.82 on Wednesday.
Alkami Technology, Inc. (ALKT)
received an upward adjustment in price target from Craig-Hallum analyst Jeff Van Rhee, who raised it from $38 to $45. Despite maintaining a Buy rating, this move suggests a more optimistic view on the company’s potential. Alkami Technology shares closed at $38.18 on Wednesday.
Meta Platforms, Inc. (META)
witnessed a boost in price target from Mizuho analyst James Lee, who raised it from $650 to $675. Lee maintained an Outperform rating, highlighting continued confidence in the company’s future. Meta shares closed at $591.80 on Wednesday.
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