Wall Street analysts have been busy this week, issuing upgrades and boosting price targets for a number of prominent companies. These moves indicate optimism about the potential for growth and success in the coming months.
Accenture
has received an upgrade from TD Cowen, who increased their price target from $321 to $400. Analyst Bryan Bergin cited strong fundamentals and growth prospects as reasons for the bullish outlook.CarMax
, the nation’s largest used car retailer, also received a price target increase, with Needham raising their target from $87 to $90. Analyst Chris Pierce remains confident in the company’s performance and potential for continued growth.Oracle
, the software giant, saw a price target increase from Bernstein, going from $201 to $202. Analyst Mark Moerdler remains bullish on Oracle’s position in the cloud computing market.Other companies seeing upgrades and price target increases include:
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Zeta Global Holdings
: Needham raised their price target from $33 to $36.*
Cadence Bank
: Morgan Stanley upgraded the stock from Equal-Weight to Overweight, raising their price target from $36 to $39.*
U.S. Bancorp
: Morgan Stanley upgraded the stock from Equal-Weight to Overweight, raising their price target from $54 to $57.*
Walmart
: Baird raised their price target from $82 to $90.*
Constellation Energy
: Keybanc raised their price target from $265 to $279.*
Robinhood Markets
: Deutsche Bank maintained their Buy rating and boosted their price target from $24 to $27.*
Roku
: Baird raised their price target from $56 to $75.These upgrades demonstrate the continued confidence that many analysts have in the long-term prospects of these companies. However, it’s important to remember that analyst ratings are just one piece of the investment puzzle. Investors should conduct their own due diligence and carefully consider their own risk tolerance before making any investment decisions.
