Analysts Revise Forecasts for Salesforce, MongoDB, and Other Top Stocks
Top analysts have revised their forecasts for several prominent stocks, and here's what they're saying. The most significant move is from Cantor Fitzgerald, which raised its price target for Salesforce (NYSE:CRM) to $300 from $250. Analyst Matthew Vanvliet maintained an Overweight rating on the stock.
Shares of Salesforce closed at $258.11 on Tuesday. Meanwhile, Stifel cut its price target for MongoDB (NASDAQ:MDB) to $465 from $475 and maintained a Buy rating.
Piper Sandler boosted its price target for Gitlab (NASDAQ:GTLB) to $52 from $28 while maintaining a Neutral rating. BNP Paribas downgraded Toast (NYSE:TOST) from Outperform to Neutral, cutting its price target to $35 from $38.
Other notable changes include Baird's increased price target for Medtronic (NYSE:MDT) to $100 from $91 and HC Wainwright & Co.'s boost of Calumet's (NASDAQ:CLMT) price target to $75 from $60. Analysts are also bullish on AtriCure (NASDAQ:ATRC), Guidewire Software (NASDAQ:GWRE), Navan (NASDAQ:NAVN), Dell Technologies (NYSE:DELL), and Mongodb, with various analysts maintaining Buy ratings.