📉 Analysts aggressively lower price targets for 10 stocks
👀 Analysts are generally bullish on most of the S&P 500 stocks quite optimistic. When they're not, it pays all the more to look twice.
👨🏼💻 In just one month Wall Street analysts their 12-month price targets for 10 S&P 500 stocks, including $CCL (-0,6%), $MU (+1,36%) and $NKE (+0,52%) , by more than 10% lowered. That's the strongest signal of caution you can get from analysts.
📊 Why all the big cuts now, after the S&P 500 has already entered a Bear Market fallen? It's all about fears that the upcoming earnings reporting season for the second quarter more difficult than many had previously anticipated.
"Corporate earnings in the second quarter are going to have a tough time because inflation has been much stronger than expected," said Edward Moya, strategist at Oanda.
📅 The price targets for S&P 500 stocks for the next 12 months keep getting lowered. In the last month alone, analysts have lowered their price targets for nearly 80% of the S&P 500 stocks lowered. The average reduction amounts to more than 3%.
Even "safe havens" such as large technology companies like Apple and Microsoft are also affected. After lowering their price targets on Monday, analysts have lowered their 12-month price target for Apple by more than 2% and for Microsoft by 1,8%.
😳 Biggest S&P 500 price target cuts
For these stocks, analysts have lowered their 12-month price targets the most in the past month:
- $CCL (-0,6%) -28.7% (Consumer Staples)
- $MU (+1,36%) -24.6% (information technology)
- $ADBE (+0,99%) -16.4% (information technology)
- $LEN (+0,39%) -15.6% (consumer goods)
- $IPG (+0,69%) -13.7% (communication services)
- $NKE (+0,52%) -12.5% (consumer goods)
- $ACN (-0,48%) -12.4% (information technology)
- $OMC (+0%) -12.4% (communication services)
- $BLK -11.5% (financial services)
- $NVR (-0,31%) -11.2% (consumer goods)
🤔 Are analysts lowering their price targets for S&P 500 stocks too late? Possibly. What do you think about the analysts' adjustments?
