With the trading day more than halfway over, the markets were bouncing back from Tuesday’s pullback. Although the gains were somewhat muted on Wednesday, the S&P 500 hit a new all-time high. Crude oil dropped off a fair amount, dipping back below $72. Also, analysts were out in force today covering bank stocks.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included American Airlines, Bank of America, Morgan Stanley, Rite Aid, Wells Fargo, and more.
Citigroup Inc. (NYSE: C): Keefe Bruyette resumed coverage with an Outperform rating and an $85 price target. The shares traded near $68 on Wednesday, in a 52-week trading range of $40.49 to $80.29. The consensus price target is $85.48.
Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer reiterated an Outperform rating and raised the price target to $444 from $434. The stock was changing hands around $235 a share on Wednesday, in a 52-week range of $208.00 to $429.54.
Comerica Inc. (NYSE: CMA): Keefe Bruyette resumed coverage with a Market Perform and a $73 price target. The stock traded near $69 on Wednesday, in a 52-week range of $32.93 to $79.86. It has a consensus price target of $77.69.
Goldman Sachs Group Inc. (NYSE: GS): Keefe Bruyette resumed coverage with a Market Perform rating and a $391 price target. The stock traded near $367 on Wednesday, in a 52-week range of $185.52 to $393.26. It has a consensus price target of $408.10.
JPMorgan Chase & Co. (NYSE: JPM): Keefe Bruyette resumed coverage with a Market Perform rating and a $167 price target. Shares were trading at around $154, in the 52-week range of $90.78 to $167.44. The consensus price target is $167.48.
SMART Global Holdings, Inc. (NASDAQ: SGH): Needham reiterated a Buy rating and raised the price target to $75 from $65. On Wednesday, the stock traded around $57. The 52-week trading range is $23.54 to $57.70. The consensus price target is $64.75.
The need for cybersecurity in corporate America and government is increasing every year. Four top stocks offer investors solid ways to play the industry in a multitude of areas, especially as it appears that ransomware attacks are increasing at an alarming pace.
Also see how Warren Buffett’s car stocks are faring, as well as what CNBC’s Jim Cramer recommends as three kinds of stocks to buy in a market pullback. And a new Bitcoin ETF may be in the wings.
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