5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

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01. Noah Holdings Limited (NYSE:NOAH)

Price Reaction after the Upgrade: +1.62 (+13.36%)

Following a strong performance in Q2, Noah Holdings (NOAH) received a significant upgrade in its rating on August 29 from JPMorgan Chase & Co. The firm has raised its evaluation of Noah Holdings Limited (NYSE:NOAH) from Neutral to Overweight. Currently trading at $13.73, the stock has experienced a remarkable surge of 13.2%. The price target has been set at $18, indicating the analysts’ optimistic stance on Noah Holdings Limited (NYSE:NOAH) potential growth trajectory. This upgrade reflects JPMorgan’s evolving perspective on the company’s performance and prospects, which has likely been influenced by the positive Q2 results.

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