Citigroup, Coinbase, Goldman Sachs, JPMorgan and More Wednesday Afternoon Analyst Calls
24/7 Wall St. looks at some big analyst calls that we have seen so far on Wednesday, including Citigroup, Coinbase, Goldman Sachs and JPMorgan.
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 | C Price Prediction): 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.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
