Today’s stock rating update by analysts: Salesforce Inc. (CRM), Blackstone Inc (BX), Asana Inc. (ASAN)

A stock’s price can swing dramatically when an analyst upgrades & downgrades it. It is possible to take short-term gains by investing in such stocks, but investors can suffer losses if the analyst downgrades the stock.

Analysts’ ratings are commonly divided into three tiers:

Top 5 AI Stocks to Buy for 2023

The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.

Click Here to Download the FREE Report.

Sponsored

In a “buy” recommendation, analysts recommend stocks they believe will outperform the market or their peers. The term “Buy” may also be described as overweight or outperforming by some analysts.

The term “Hold” refers to an expectation that the stock will perform in line with the general market. It is not recommended to buy or sell stocks with Hold ratings. As well as “hold”, “equal weight” and “market performance” are also terms used to describe this rating.

“Sell” indicates that the analyst believes the stock will underperform. It is rare for analysts to give stocks a sell rating. There are also times when “underperform” and “underweight” are used by the analysts instead of “sell”.

Wolfe Research rated the Salesforce Inc. (NYSE: CRM) stock as “a Peer perform”. Wolfe Research’s estimates were contained in a research note released on Friday, December 02, 2022. Several other experts on Wall Street have posted such reports regarding CRM shares. According to Monness Crespi & Hardt, the stock is “Neutral,”. Monness Crespi & Hardt published their figures in a research note released to investors on Thursday, November 17, 2022. Other experts at Macquarie have the stock’s price target at $210 price; with their rating of the stock is “an Outperform.”. These scores were published in a research note the firm released on Wednesday, November 02, 2022.

Multiple groups of Wall Street analysts have recently been drawn to the Blackstone Inc (NYSE: BX) stock, with those at Barclays downgrading the stock to “an Equal-weight”. The analysts released their assessment via a research note they published on December 02, 2022. Analysts at Credit Suisse maintained their earlier rating, although they did drop the stock’s price target to $67.50 from $85.50. Over at Credit Suisse, the analysts restated the earlier stance about Blackstone Inc. shares, rating the shares “Neutral.” in a note released October 19, 2022. The analysts have also set their price target for BX to $85.50.

Robert W. Baird downgraded the Asana Inc. (NYSE: ASAN) stock from Outperform to Neutral and set the price target of $15. The rating came out on December 02, 2022. In another research note published on October 13, 2022, by KeyBanc Capital Markets, initiated the stock to Sector Weight. Credit Suisse initiated the company stock to Neutral in a research paper released on September 23, 2022, and set the price target of $23. Analysts at MoffettNathanson revealed in a research note on September 22, 2022, said the stock is initiated to Market Perform and set the price target of $26. In a research paper that was published recently on September 01, 2022, analysts from Citigroup initiated the Asana Inc. stock to Neutral and gave a price target of $23.

Most Popular

Related Posts