Wall Street analysts are signaling optimism for several companies, with recent upgrades and price target increases suggesting bullish sentiment. Here’s a rundown of five notable stocks that have caught the attention of top analysts:
eBay Inc. (EBAY):
Bernstein analyst Nikhil Devnani upgraded eBay from ‘Market Perform’ to ‘Outperform,’ setting a $70 price target. This move indicates a positive outlook on eBay’s future performance, suggesting potential growth and value for investors. eBay shares closed at $60.23 on Monday.IDACORP, Inc. (IDA):
B of A Securities analyst Ross Fowler showed confidence in IDACORP by upgrading the company from ‘Neutral’ to ‘Buy,’ accompanied by a price target increase from $113 to $117. This upgrade suggests that the analyst believes IDACORP is poised for strong performance and potential gains for investors. IDACORP shares closed at $106.94 on Monday.MasTec, Inc. (MTZ):
Truist Securities analyst Jamie Cook upgraded MasTec from ‘Hold’ to ‘Buy,’ boosting the price target from $133 to $173. This significant upgrade reflects a strong belief in MasTec’s future prospects and potential for significant value creation. MasTec shares closed at $132.61 on Monday.argenx SE (ARGX):
Scotiabank analyst George Farmer expressed a bullish outlook on argenx, upgrading the company from ‘Sector Perform’ to ‘Sector Outperform’ and raising the price target from $439 to $715. This substantial upgrade suggests high expectations for argenx’s growth trajectory and future potential. argenx shares closed at $588.67 on Monday.Century Casinos, Inc. (CNTY):
JMP Securities analyst Jordan Bender upgraded Century Casinos from ‘Market Perform’ to ‘Market Outperform,’ setting a $5 price target. This upgrade indicates a positive view on Century Casinos’ future performance and potential for value generation for investors. Century Casinos shares closed at $3.70 on Monday.These analyst upgrades and price target increases demonstrate growing confidence in these companies’ potential. Investors should carefully consider these developments and conduct thorough research before making any investment decisions.
