Bullish Sentiment: Microsoft, ServiceNow, Lincoln Electric, Corvus Pharmaceuticals, Hasbro, PG&E
- May 31st, 2023
- 280 views
Microsoft Corporation (Nasdaq: MSFT), a global technology company known for its software products and services, had its Outperform rating maintained, and the price target was raised from $340 to $375 by Wedbush.
Despite closing down by $1.68 (-0.50%) at $331.21 on Tuesday, $MSFT presents a potential upside of $43.79 or 13.21% based on the brokerage firm's view.
ServiceNow, Inc. (NYSE: NOW), a leading provider of cloud-based workflow automation and digital transformation solutions, had its Outperform rating maintained, and the price target was increased from $586 to $665 by Bernstein.
With a closing price of $549.12 on Tuesday, $NOW indicates a potential upside of $115.88 or 21.10% according to the investment firm's assessment.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO), a manufacturer of welding equipment and consumables, maintained its Outperform rating, and the price target was raised from $184 to $200 by Baird.
Closing up by $1.70 (+0.98%) at $175.34 on Tuesday, $LECO shows a potential upside of $24.66 or 14.07% based on the analysis provided by the firm.
Corvus Pharmaceuticals, Inc. (Nasdaq: CRVS), a biopharmaceutical company focused on the development of novel cancer therapies, maintained its Buy rating, and the price target was raised from $4 to $10 by Ladenburg Thalmann.
With a closing price of $3.09 on Tuesday, $CRVS exhibits a potential upside of $6.91 or 223.33% according to the brokerage firm's view.
Hasbro, Inc. (Nasdaq: HAS), a multinational toy and entertainment company, had its Buy rating maintained, and the price target was raised from $70 to $75 by Stifel.
Closing at $60.44 on Tuesday, $HAS presents a potential upside of $14.56 or 24.08% based on the updated price target by the investment firm.
PG&E Corporation (NYSE: PCG), a publicly traded utility company, had its Outperform rating maintained, and the price target was raised from $20 to $21 by RBC Capital.
Closing at $16.65 on Tuesday, $PCG indicates a potential upside of $4.35 or 26.11% according to the assessment provided by the RBC Capital.
Investors should bear in mind 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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