Always pay close attention to new stock price targets from Wall Street firms.
While they won’t always get it right, price upgrades are still worth paying attention to.
Perhaps they’re seeing favorable industry trends that are impacting a covered stock. Maybe the financial health of a stock based on earnings or guidance is improving. Or, perhaps, they liked what they heard in a meeting with management. Whatever the case, it’s a good idea to look into the reasoning for a price upgrade.
However, never use new stock price targets as your sole reason for buying.
For one, there’s no such thing as a perfect analyst. Two, do your due diligence with technical and fundamental analysis. After all, the last thing you want to do is buy into a stock that’s become excessively overbought. Third, look at how other firms rate the same stock. If one firm is bullish on a stock, but four others rate is as a sell, look into why.
|
That being said, here’s what analysts like at the moment. Analysts at Piper Sandler just upgraded CPB to overweight with a $56 price target. “We consider CPB one of the better-positioned large cap food names,” said the firm, as quoted by CNBC. “Continued strong growth [is] expected” for the Rao’s brand. Even better, CPB yields 3.34% and will typically push higher as the weather gets colder. |
Mode Mobile
Could this be the biggest disruption to Smartphones in the past 15 years? 📲
Mode’s Pre-IPO offering1 is live at $0.25/share — 20,000+ shareholders already participated in its previous sold-out offering. There’s still time to get in on Mode’s pre-IPO raise and even lock in 100% bonus shares… but only until their current raise closes for good.
Claim this exclusive bonus while you can!
|
Company: Nvidia (SYM: NVDA) With solid growth and an unstoppable artificial intelligence boom, Nvidia is a no-brainer for analysts. Helping, Oppenheimer just reiterated its buy rating on the tech giant, noting that, “We see NVDA best positioned in AI, benefiting from full-stack AI hardware/software. Reiterate Outperform and raise price target to $175 from $150.” |
Crypto 101
Governance Token Set to 10x… Don’t Wait!
This altcoin could be your big break. Analysts project this new governance coin is primed for explosive growth. A modest investment might yield 10x gains or more in the near future. The window of opportunity is closing fast.
Uncover this “DeFi 2.0” gem before it goes mainstream…
|
Company: ArcelorMittal (SYM: MT) Bank of America says the steel company’s valuation is compelling. The firm also noted, “ArcelorMittal is a leader in all major global steel markets, including automotive, construction, household appliances and packaging. Its industrial presence in Europe, Asia, Africa and America gives it exposure to all the key steel markets, from emerging to mature.” |
