Analyst Calls: Price Targets Swell and Fall Across Tech Giants
Analysts have weighed in on several major companies this Thursday, offering their insights and predictions for future performance. Apple is among those receiving attention, with analysts at UBS raising their price target to $180 per share from $160.
Nvidia is also being targeted by analysts, who are boosting their forecasts due to strong demand for the company's graphics processing units (GPUs). Analysts expect Nvidia's revenue to increase by 10% year-over-year in the current quarter.
Tesla, Alphabet, and Lyft are among other companies receiving analyst attention. Tesla is seeing its price target raised to $1,200 per share from $900, while Alphabet's price target has been boosted to $3,300 per share from $2,800.
Kraft Heinz and Palo Alto Networks are also being analyzed by experts, with Kraft Heinz seeing its price target reduced to $30 per share from $35. Analysts are downgrading their expectations for the company due to decreased sales in certain markets.