NetEase, PagSeguro, Lowe's, Rockwell Medical, Confluent, Salesforce: Analyst Updates and Potential Upside Revealed
- May 31st, 2023
- 615 views
NetEase, Inc. (Nasdaq: NTES), a leading Chinese internet technology company providing online gaming, e-commerce, and internet services, had its Buy rating maintained, and the price target was raised from $116 to $127 by BofA Securities.
Closing at $84.97 on Tuesday, $NTES presents a potential upside of $42.03 or 49.48% based on the brokerage firm's view.
PagSeguro Digital Ltd. (NYSE: PAGS), a Brazilian financial technology company offering digital payment solutions and services, had its Buy rating maintained and the price target was increased from $12 to $13.5 by Citigroup.
With a closing price of $10.08 on Tuesday, $PAGS indicates a potential upside of $3.42 or 33.93% according to the analysts' assessment.
Lowe's Companies, Inc. (NYSE: LOW), a leading home improvement retailer in the United States, had its Neutral rating maintained, and the price target was raised from $210 to $221 by Citigroup.
Closing at $205.70 on Tuesday, $LOW shows a potential upside of $15.30 or 7.44% based on the investment firm's assessment.
Rockwell Medical, Inc. (Nasdaq: RMTI), a biopharmaceutical company developing and commercializing products for kidney diseases, maintained its Buy rating, and the price target was raised from $7 to $9 by HC Wainwright & Co.
With a closing price of $2.70 on Tuesday, $RMTI exhibits a potential upside of $6.30 or 233.33% based on the brokerage firm's view.
Confluent, Inc. (Nasdaq: CFLT), a software company providing a streaming platform for real-time data, was initiated with a Buy rating and a price target of $35 by Needham.
Closing at $30.84 on Tuesday, $CFLT indicates a potential upside of $4.16 or 13.47% according to the initiation by the investment firm.
Salesforce, Inc. (NYSE: CRM), a global leader in customer relationship management software and cloud computing solutions, had its Overweight rating maintained, and the price target was raised from $225 to $250 by Wells Fargo.
With a closing price of $218.87 on Tuesday, $CRM has a potential upside of $31.13 or 14.21% based on the updated price target by Wells Fargo.
Investors should note that the mentioned price targets and potential upside figures are derived from the analysis and opinions of the respective firms and analysts. It is important for investors to conduct their own research, consider various factors, and exercise their own judgment before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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