ADVFN Logo
Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe…

Bruno T
Analysis & Opinion
March 27 2024 4:13AM

Every morning, investors wake up to a flurry of analysts’ recommendations that can significantly impact their investment decisions. These insights often reflect changes in market sentiment, strategic shifts within companies, and evolving economic landscapes. Here’s a roundup of notable analyst recommendations covering North America for March 27th:

FedEx Corporation (NYSE: FDX) BNP Paribas Exane has downgraded FedEx Corporation from neutral to underperform, setting a target price of USD 250. This downgrade suggests a cautious outlook on FedEx’s performance, potentially indicating challenges or headwinds ahead for the company.

Visa, Inc. (NYSE: V) Redburn Atlantic downgraded Visa, Inc. from buy to neutral but simultaneously raised its price target from USD 280 to USD 307. This mixed recommendation could reflect a belief that Visa’s growth prospects remain solid, albeit with less room for significant upside in the near term.

Wells Fargo & Company (NYSE: WFC) Keefe Bruyette & Woods downgraded Wells Fargo & Company from outperform to market perform while increasing the price target from USD 56 to USD 62. This adjustment may signal a tempered enthusiasm for the bank’s performance, despite the upward revision in its target price.

Doordash, Inc. (NYSE: DASH) JMP Securities maintains its market outperform recommendation for Doordash, Inc. and has raised the target price from USD 130 to USD 160. This bullish stance suggests confidence in Doordash’s ability to continue its growth trajectory in the competitive food delivery market.

Uber Technologies, Inc. (NYSE: UBER) MoffettNathanson LLC maintains a buy recommendation on Uber Technologies, Inc., with the target price increased from USD 76 to USD 92. This upward adjustment reflects optimism about Uber’s prospects and its ability to capitalize on evolving transportation and delivery trends.

Adobe Inc. (NASDAQ: ADBE) President Capital Management Corp maintains a buy recommendation on Adobe Inc. while reducing the target price from USD 670 to USD 613. This adjustment may reflect a reassessment of Adobe’s valuation amid changing market conditions.

Cisco Systems, Inc. (NASDAQ: CSCO) DZ Bank AG Research maintains a hold recommendation on Cisco Systems, Inc. and has raised the price target from USD 48 to USD 50. This suggests a neutral stance on Cisco’s prospects with a slight upward adjustment in the target price.

Salesforce.com, Inc. (NYSE: CRM) Fubon Securities maintains a buy recommendation on Salesforce.com, Inc. and increases the target price from USD 347 to USD 358. This indicates continued confidence in Salesforce’s growth trajectory and market position.

Spotify Technology S.a. (NYSE: SPOT) HSBC has initiated a buy recommendation on Spotify Technology S.a. with a target price of USD 310. This bullish initiation suggests optimism about Spotify’s ability to capitalize on the expanding digital entertainment market.

These analyst recommendations provide valuable insights into market sentiment and offer investors a glimpse into the factors driving stock movements. However, it’s essential for investors to conduct thorough research and consider various factors before making investment decisions. Market dynamics can change rapidly, and staying informed is crucial for navigating the ever-evolving landscape of finance and investment.