Wall Street analysts have been busy making changes to their outlooks on some of the biggest names in the market. Here’s a rundown of the notable changes:
Domino’s Pizza, Inc. (DPZ):
TD Cowen lowered their price target from $520 to $475 but maintained a Buy rating. Despite the lowered price target, the analysts believe Domino’s still offers good value. Domino’s shares closed at $402.52 on Friday.Spotify Technology S.A. (SPOT):
Keybanc raised their price target from $420 to $440, keeping an Overweight rating. The analysts believe Spotify’s growth potential remains strong. Shares closed at $337.90 on Friday.Wingstop Inc. (WING):
Wedbush boosted their price target from $425 to $440 while maintaining an Outperform rating. The analysts see continued positive momentum for Wingstop. Shares closed at $394.81 on Friday.Alphabet Inc. (GOOGL):
Evercore ISI Group lowered their price target from $225 to $200, but still maintained an Outperform rating. The analysts are cautious about the near-term outlook for Alphabet. Shares closed at $157.46 on Friday.Summit Therapeutics Inc. (SMMT):
HC Wainwright & Co. raised their price target from $30 to $45, keeping a Buy rating. The analysts see significant upside potential for Summit Therapeutics. Shares closed at $31.93 on Friday.Vail Resorts, Inc. (MTN):
Deutsche Bank slashed their price target from $218 to $194, but maintained a Hold rating. The analysts are taking a more conservative approach due to market volatility. Shares closed at $180.00 on Friday.Ally Financial Inc. (ALLY):
Keefe, Bruyette & Woods lowered their price target from $50 to $44 while maintaining an Outperform rating. The analysts see value in Ally Financial, even with a slightly reduced target. Shares closed at $32.97 on Friday.ONEOK, Inc. (OKE):
Morgan Stanley increased their price target from $103 to $111 and upgraded the stock from Equal-Weight to Overweight. The analysts are optimistic about ONEOK’s future performance. Shares closed at $91.37 on Friday.e.l.f. Beauty, Inc. (ELF):
Piper Sandler slashed their price target from $260 to $162, but maintained an Overweight rating. The analysts remain bullish on e.l.f. Beauty, despite a lowered target. Shares closed at $116.63 on Monday.RH (RH):
Loop Capital raised their price target from $230 to $320, but maintained a Hold rating. The analysts see potential for RH, but are cautious about the overall market conditions. Shares closed at $321.87 on Friday.These analyst changes are just a snapshot of the ongoing activity in the stock market. Investors should always conduct their own research and consult with a financial advisor before making any investment decisions.
