Tesla to See 11% Rally? Analyst Forecasts for Monday

Top analysts from Wall Street have adjusted their views on various companies, including the electric vehicle giant, Tesla. As investors look ahead to Monday's market activities, analysts have provided updated price targets for several stocks, shedding light on their expectations.

Recent Analyst Adjustments

Baird has raised the price target for AAON, Inc (AAON) from $114 to $130. The Baird analyst Timothy Wojs also upgraded the stock's rating from Neutral to Outperform, reflecting a more positive outlook. AAON shares closed at $111.19 last Friday, suggesting potential for further growth.

BMO Capital has increased the price target for Saia, Inc. (SAIA) from $465 to $495, maintaining a Market Perform rating. Saia shares ended Friday at $461.65.

Morgan Stanley lifted the price target for Nutanix, Inc. (NTNX) from $71 to $72. Analyst Meta Marshall upgraded the stock from Equal-Weight to Overweight, signaling a more favorable view. Nutanix shares closed at $61.59 on Friday, indicating they might be undervalued.

Tesla's Stock Update

Canaccord Genuity raised the target price for Tesla, Inc. (TSLA) from $278 to $298, while maintaining a Buy rating on the stock. Tesla shares finished at $269.19 last Friday, suggesting there may be solid upside potential given the new price target.

Needham reduced the price target for DENTSPLY SIRONA Inc. (XRAY) from $34 to $29, yet maintained a Buy rating. DENTSPLY shares closed significantly lower at $23.31.

Benchmark also raised the target for Plexus Corp. (PLXS) from $150 to $165, maintaining a Buy rating as Plexus shares closed at $141.19.

Other Analyst Moves

Piper Sandler lowered its price target for Wayfair Inc. (W) from $67 to $63 but kept an Overweight rating. Wayfair closed at $44.39 last Friday. In contrast, Piper Sandler raised the target for CME Group Inc. (CME) from $240 to $250, with the shares ending at $226.14.

BMO Capital has decreased the price target for Hexcel Corporation (HXL) from $70 to $68 while keeping a Market Perform rating. Hexcel closed at $62.53. Meanwhile, Keybanc slightly raised Walmart Inc. (WMT) target from $86 to $87, with shares closing at $82.51.

Conclusion

With these adjustments, it's evident that analysts are closely monitoring key stocks and adjusting their predictions based on recent performances. For investors considering Tesla stock, the optimistic target set by Canaccord Genuity may suggest potential growth ahead.

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Market news and data keep evolving, and investors should stay informed about the ongoing changes in analyst outlooks.

Tesla, Stocks, Forecasts