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Analyzing Analyst Moves: Shifting Stock Price Targets for Tuesday
Analysts are making some changes to their price targets for various companies in the stock market. Here are some key changes to keep an eye on:
- Valero Energy Corporation (NYSE: VLO) had its price target lowered from $160 to $152 by B of A Securities. The stock rating was downgraded from Buy to Neutral.
- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) saw Wells Fargo boost its price target from $67 to $83, maintaining an Overweight rating.
- BioXcel Therapeutics, Inc. (NASDAQ: BTAI) had its price target lowered from $71 to $31 by Truist Securities, but analyst Robyn Karnauskas maintained a Buy rating.
- Paramount Global (NASDAQ: PARA) experienced a price target cut from $22 to $20 by Citigroup. However, analyst Jason Bazinet upheld a Buy rating.
- Definitive Healthcare Corp. (NASDAQ: DH) saw its price target slashed from $12 to $10.5 by B of A Securities. Analyst Allen Lutz maintained a Neutral rating.
On the other hand, here are some companies that saw their price targets raised by analysts:
- NVIDIA Corporation (NASDAQ: NVDA) had its price target raised from $475 to $540 by UBS. Analyst Timothy Arcuri maintained a Buy rating.
- Ross Stores, Inc. (NASDAQ: ROST) witnessed a price target increase from $122 to $129 by Barclays, with an Overweight rating from analyst Adrienne Yih.
- Workday, Inc. (NASDAQ: WDAY) had its price target increased from $250 to $275 by Jefferies, maintaining a Buy rating.
- AppLovin Corporation (NASDAQ: APP) experienced a price target increase from $35 to $45 by Truist Securities. Analyst Matthew Thornton maintained a Buy rating.
- monday.com Ltd. (NASDAQ: MNDY) had its price target boosted from $200 to $211 by Keybanc, with an Overweight rating from analyst Jason Celino.
- Liquidity Services, Inc. (NASDAQ: LQDT) saw Barrington Research raise its price target from $20 to $27, maintaining an Outperform rating.
These changes in analyst predictions highlight the dynamic nature of the stock market. Remember to consider these insights as you navigate your investment decisions.
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Alfonso Sanchez – Axion Virtus CEO
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Alfonso Sanchez
A civil engineer turned investor with a passion for financial literacy. He has spent years honing his expertise in both fundamental and technical analysis, and through his own journey in the stock market, he has gained valuable insights and developed strategies for profitable investing.