Welcome to Extreme Investor Network, your go-to source for all things investing. Today, we are diving into the latest analyst calls and Wall Street chatter to bring you the most valuable insights and recommendations in the market.
Let’s start with Wells Fargo, which has hiked its price target on Nvidia to $155 from $125, suggesting over 18% upside potential from Monday’s close. Analyst Aaron Rakers highlights Nvidia’s NVLink and NVLink Switch as key differentiators for the company in the artificial intelligence space. With shares already soaring over 164% this year, Nvidia continues to be a standout in the market.
Next up, Citi upgraded Sunoco to buy, emphasizing the company’s potential to maintain margins amidst concerns about oil and gas demand. With a price target of $65 per share, which is 19% above Monday’s close, Sunoco is definitely worth keeping an eye on.
BMO Capital Markets is optimistic on grocery chain Kroger, seeing a promising entry point for investors with the recent pullback in shares. Analyst Kelly Bania upgraded Kroger to outperform from market perform, with a price target of $60, indicating 17.5% upside potential.
Goldman Sachs has upgraded STMicroelectronics to neutral, citing improving demand across end-markets and priced-in underperformance. Analyst Alexander Duval’s price target on shares indicates 6.3% upside from Monday’s close.
JPMorgan has raised Apple’s price target to $245 from $225, expecting bigger iPhone sales following the company’s recent AI announcements. Analyst Samik Chatterjee predicts a 13% upside from Monday’s close, reiterating an overweight rating on shares.
Piper Sandler believes the sell-off in Celsius Holdings is overdone, reiterating an overweight rating and $90 price target, suggesting a 50% gain from Monday’s close. Despite the short-term retail trend volatility, Celsius continues to show strong growth potential.
Canaccord Genuity sees nearly 30% upside for Elf Beauty, with a new $250 price target reflecting the company’s strong growth prospects. Analyst Susan Anderson highlights Elf’s growth story and potential in the beauty market.
Lastly, JMP Securities is bullish on CoStar Group, a real estate data and analytics company, with an implied upside of nearly 50% over the next 12 months. Analyst Nicholas Jones believes CoStar Group is poised for strong gains ahead, despite facing some volatility earlier in the year.
Stay tuned to Extreme Investor Network for more expert analysis and recommendations to help you make informed investment decisions. Happy investing!