📆 Monday, July 29
🟢 Positive Ratings:
Akamai (AKAM) 🇺🇸🟡⤴️🟢
Analyst: Guggenheim upgrades to ”BUY”
Previously: “NEUTRAL”
Price Target: $128
Amazon (AMZN) 🇺🇸🟢
Analyst: Evercore ISI reiterates as ”OUTPERFORM”
Apple (AAPL) 🇺🇸🟢
Analyst: Bank of America reiterates as “BUY”
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(or target price): When an analyst sets a price target for a stock, he or she is trying to determine what the stock is worth and where the price will be in ~12 months. Ultimately, price targets depend on the valuation of the company issuing the stock. Analysts base their price targets usually on earnings forecasts and assumed valuation multiples. Price targets (especially average price targets) can be used to value stocks and may even be more useful than a stock analyst's rating.
🟢 = positive rating
🟡 = neutral rating
🔴 = negative rating
⤴️ = upgrade
⤵️ = downgrade
SmartTrader™ Analyst team
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