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PT Hikes: Analysts See Upside for ALGT, GLW, VSTM, RAPT, AVAV, CWST, OMF, and XAIR

  • June 15th, 2023
  • 320 views

Allegiant Travel Company (Nasdaq: ALGT), a leading low-cost airline based in the United States, received an upgrade from Deutsche Bank, shifting its rating from Hold to Buy and raising the price target from $110 to $145. 

With $ALGT closing at $117.09 on Thursday, this revised price target suggests a potential upside of $27.91 or 23.82%, based on the German financial services firm's analysis.

Corning Incorporated (NYSE: GLW), a prominent manufacturer of specialty glass and ceramics, experienced an upgrade from Citigroup, upgrading its rating from Neutral to Buy and increasing the price target from $36 to $40. 

While $GLW closed at $33.84 on Thursday, this adjusted price target indicates a potential upside of $6.16 or 18.19%, as per the investment firm's view.

Verastem, Inc. (Nasdaq: VSTM), a biopharmaceutical company focused on developing novel cancer therapies, received an upgrade from Mizuho, upgrading its rating from Neutral to Buy and raising the price target from $24 to $36.

Based on Thursday's closing price of $10.82, this revised price target suggests a potential upside of $25.18 or 232.28% for $VSTM, based on the Japanese brokerage firm's analysis.

RAPT Therapeutics, Inc. (Nasdaq: RAPT), a clinical-stage immunology-based biopharmaceutical company, garnered coverage initiation from Barclays, receiving an Overweight rating and a price target of $35. 

With $RAPT closing at $21.61 on Thursday, this announced price target implies a potential upside of $13.39 or 61.97%, according to the assessment by the British investment firm.

AeroVironment, Inc. (Nasdaq: AVAV), a leading provider of unmanned aircraft systems and tactical missile systems, was initiated with coverage by Jefferies, receiving a Buy rating and a price target of $115. 

While $AVAV closed at $94.54 on Thursday, this announced price target indicates a potential upside of $20.46 or 21.66%, as per the analysis by the financial services firm.

Casella Waste Systems, Inc. (Nasdaq: CWST), a waste management company offering resource management expertise and services, maintained its Strong Buy rating from Raymond James and saw the price target raised from $103 to $104. 

Based on Thursday's closing price of $86.77, this adjusted price target suggests a potential upside of $17.23 or 19.88% for $CWST, based on the assessment by the investment firm.

OneMain Holdings, Inc. (NYSE: OMF), a leading consumer finance company providing personal loan solutions, received coverage initiation from BofA Securities, earning a Buy rating and a price target of $49. 

With $OMF closing at $43.76 on Thursday, this announced price target implies a potential upside of $5.24 or 11.98%, according to the analysis by the brokerage firm.

Beyond Air, Inc. (Nasdaq: XAIR), a medical device company specializing in the development of innovative respiratory products, gained coverage initiation from BTIG, receiving a Buy rating and announcing a price target of $15. 

While $XAIR closed at $6.00 on Thursday, this declared price target indicates a potential upside of $9.00 or 150.00%, as per the analysis by the investment firm.

Please note that the potential upsides mentioned in relation to the above companies are derived from the analysis and recommendations provided by the respective brokerage firms, investment firms, or analysts, indicating their views on the future performance of each company.

 

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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