Analysis

Wall Street Analysts Update Forecasts for Leading Stocks

Published February 17, 2024

Wall Street's top analysts have revised their perspectives on a selection of prominent stocks, guiding investors with the latest expectations for market performance. As the dynamics of the financial markets continue to evolve, analyst rating changes, including upgrades and downgrades, are pivotal for informed investment decisions. While a comprehensive discussion extends beyond changes for every covered stock, highlighted forecasts may offer a glimpse into current analyst sentiment.

Analyst Ratings Overview

One notable adjustment comes from Piper Sandler, where analysts have increased the price target for Toast, Inc. TOST from $18 to $20, indicating a favorable outlook on the company's potential. However, this is just a fraction of the broader realignments occurring in the industry. The impact of such analyst rating changes can be an essential factor for traders and investors alike in their strategy formulation.

Companies Under the Spotlight

The following stocks have experienced recent shifts in analyst ratings or price targets:
Informatica Inc. INFA, a force in AI-driven software platform development based in Redwood City, California.
Citigroup Inc. C, a global banking and financial services giant headquartered in New York City.
PVH Corp. PVH, which owns an array of esteemed clothing brands including Tommy Hilfiger and Calvin Klein.
Andalay Solar, Inc. WEST, specializing in solar energy systems with integrated microinverters from San Jose, California.
The Goldman Sachs Group, Inc. GS, offering a wide array of financial services from its New York City base.
Coinbase Global, Inc. COIN, a financial infrastructure and crypto technology provider from Wilmington, Delaware.
WestRock WRK, a corrugated packaging specialist out of Sandy Springs, Georgia.
United Parcel Service UPS, the American global logistics and package delivery juggernaut.
AtriCure, Inc. ATRC, medical device company operating internationally from Mason, Ohio.
Arm Holdings plc ARM, a central figure in the development and licensing of CPU technologies and related products for tech corporations.

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