Top Analyst Ratings & Analysis: Sept 17th, 2024

Top Ratings

• Applovin (APP)
  • Rating: Buy
  • Target Price: USD 145 (up from USD 100)
  • Date: September 17, 2024
  • Details: UBS has upgraded Applovin to a Buy rating, significantly raising its target price from USD 100 to USD 145. This upgrade reflects confidence in Applovin’s growth prospects and future performance. UBS’s new target suggests strong upside potential and indicates a positive outlook based on recent developments or financial performance improvements in the company.
• Shopify (SHOP) (SHOP:CA)
  • Rating: Buy
  • Target Price: USD 99
  • Date: September 17, 2024
  • Details: Redburn has upgraded Shopify to a Buy rating, setting a target price of USD 99. This upgrade likely reflects optimism about Shopify’s market position, recent business developments, or anticipated improvements in financial performance. Redburn’s positive outlook indicates that they believe Shopify’s stock has significant potential for appreciation.
• Micron Technology (MU)
  • Rating: Buy
  • Target Price: USD 150 (down from USD 175)
  • Date: September 17, 2024
  • Details: Citigroup has reduced its target price for Micron Technology from USD 175 to USD 150 while maintaining a Buy rating. The target price reduction comes as Citigroup expects a lower Q4 earnings report and guidance than initially estimated.
• Manulife (MFC:CA)
  • Rating: Underperform
  • Target Price: CAD 34
  • Date: September 17, 2024
  • Details: Morningstar has maintained its Underperform rating on Manulife, with a target price of CAD 34. This indicates a cautious or negative view on the stock, suggesting that Morningstar’s analysis expects weaker performance relative to the broader market or industry benchmarks.
• Meta Platforms (META)
  • Rating: Underperform
  • Target Price: USD 450
  • Date: September 17, 2024
  • Details: Morningstar has kept its Underperform rating on Meta Platforms with a target price of USD 450.  Morningstar’s analysis of the stock indicates it believes it is overvalued and therefore holds a negative outlook on Meta’s stock.
• Lightspeed (LSPD) (LSPD:CA)
  • Rating: Buy
  • Target Price: USD 20
  • Date: September 17, 2024
  • Details: Benchmark Research has initiated coverage on Lightspeed with a Buy rating and a target price of USD 20. This initiation reflects a positive view on Lightspeed’s prospects, suggesting that Benchmark Research sees potential for the stock to appreciate based on its analysis of the company’s fundamentals and market conditions.