Wall Street analysts have been busy adjusting their outlooks on a variety of companies, reflecting shifting market sentiment and company performance. Here’s a breakdown of some key changes that could impact investor decisions:
Qorvo, Inc. (QRVO)
: Barclays downgraded their price target from $120 to $90, maintaining an Equal-Weight rating. This indicates a cautious outlook, while Qorvo shares closed at $100.48 on Tuesday.Snap Inc. (SNAP)
: B of A Securities expressed a more optimistic view, raising their price target from $13 to $14. However, they maintained a Neutral rating, suggesting limited upside potential. Snap shares closed at $10.89 on Tuesday.Zebra Technologies Corporation (ZBRA)
: Morgan Stanley raised their price target from $290 to $305 but maintained an Underweight rating, indicating potential downside risk. Zebra Technologies shares closed at $384.68 on Tuesday.Transcat, Inc. (TRNS)
: Northland Capital Markets took a more bearish stance, slashing their price target from $130 to $110, while maintaining a Market Perform rating. Transcat shares settled at $99.45 on Tuesday.Chipotle Mexican Grill, Inc. (CMG)
: Stephens & Co. lowered their price target from $66 to $65, maintaining an Equal-Weight rating. Chipotle shares closed at $60.49 on Tuesday.e.l.f. Beauty, Inc. (ELF)
: Jefferies maintained a Buy rating but decreased their price target from $220 to $175, reflecting a more cautious outlook. e.l.f. Beauty shares closed at $113.27 on Tuesday.Waste Management, Inc. (WM)
: CIBC boosted their price target from $213 to $228, maintaining a Neutral rating. Planet Fitness shares settled at $219.11 on Tuesday.PayPal Holdings, Inc. (PYPL)
: Canaccord Genuity raised their price target from $80 to $96, maintaining a Buy rating, indicating positive sentiment. PayPal shares closed at $80.28 on Tuesday.Electronic Arts Inc. (EA)
: Roth MKM increased their price target from $154 to $158, maintaining a Neutral rating. Electronic Arts shares closed at $145.62 on Tuesday.Alphabet Inc. (GOOG)
: Truist Securities boosted their price target from $220 to $225, maintaining a Buy rating, indicating strong confidence. Alphabet shares closed at $169.68 on Tuesday.These shifts in analyst outlook provide valuable insights for investors, reflecting changing market conditions and company performance. It’s crucial to remember that these are just opinions, and investors should always conduct their own thorough research before making any investment decisions.
