Monday, April 29, 2024
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Monday’s analyst calls: Ford set for strong gains ahead, big Nvidia price target hike

**Highlights of the Article:**
1. **Ulta Beauty Upgrade:** Loop Capital upgraded Ulta Beauty to a buy rating following a significant drop in the stock price. The analyst predicts a 21.4% upside potential with improving sales data and solid capital allocation.

2. **Broadcom Reinstated with Buy Rating:** Deutsche Bank restarted coverage of Broadcom with a buy rating and a new price target of $1,500, implying a 12% upside. The analyst sees positive drivers in AI revenue, the VMWare acquisition, and cyclical segments rebound.

3. **Netflix Price Target Hikes:** Analysts at JPMorgan and TD Cowen raised their price targets for Netflix ahead of the company’s quarterly earnings report. They foresee opportunities for further monetization after a crackdown on password sharing and strong media content.

**Article Summary:**
The article discusses various analyst calls and recommendations for major companies such as Ulta Beauty, Broadcom, Netflix, Take-Two, and BJ’s Wholesale Club. It highlights upgrades in price targets, buy ratings, and potential upside for these companies based on recent developments, financial outlook, and market trends.


Editorial content by Avery Redwood

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