Wall Street Analysts Boost Price Targets for Top Stocks
Top Wall Street analysts have updated their forecasts for several prominent stocks. Among them is Salesforce Inc (NYSE:CRM), which saw its price target raised by Canaccord Genuity from $270 to $300. The analyst, David Hynes, maintained a Buy rating on the stock, which closed at $250.54 on Wednesday.
Other notable upgrades include a boost in AppFolio Inc's (NASDAQ:APPF) price target by Keybanc from $255 to $280. Keybanc analyst Jason Celino kept an Overweight rating, while the company's shares finished the day at $221.17.
Meanwhile, some analysts trimmed their forecasts for certain stocks. For instance, Canaccord Genuity cut its price target for Fluence Energy Inc (NASDAQ:FLNC) from $24 to $15, with George Gianarikas maintaining a Buy rating despite the reduced estimate. The company's shares closed at $9.05 on Wednesday.