In this article, we will discuss the 10 stocks whose price targets were recently raised by analysts. If you want to see more such stocks on the list, go directly to Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets.
05. Lennar Corporation (NYSE:LEN)
Upside Potential: 14%
On December 13, Barclays increased its target price on Lennar Corporation (NYSE:LEN) from $132.00 to $165.00, maintaining an Overweight rating on the shares. This adjustment signals Barclays’ positive outlook for Lennar Corporation (NYSE:LEN) within its coverage. With Lennar Corporation (NYSE:LEN) current stock price at $145.17, the revised target price implies an upside potential of 14%. This suggests Barclays sees favorable prospects for Lennar’s stock performance and anticipates continued growth in the company’s valuation. The Overweight rating emphasizes Barclays’ belief that Lennar Corporation (NYSE:LEN) is well-positioned within its industry, and investors may interpret this as a positive signal to consider the stock for their portfolios. The target raise reflects Barclays’ updated analysis of Lennar Corporation (NYSE:LEN) fundamentals and market conditions, providing valuable guidance for investors navigating the real estate or homebuilding sector.
04. D.R. Horton, Inc. (NYSE:DHI)
Upside Potential: 15%
On December 13, Barclays increased its target price on D.R. Horton, Inc. (NYSE:DHI) from $143.00 to $166.00 while maintaining an Overweight rating on the shares. This upward revision indicates Barclays’ optimistic outlook for D.R. Horton within its coverage. With D.R. Horton, Inc. (NYSE:DHI) current stock price at $144.13, the revised target price implies an upside potential of 15%. This suggests Barclays anticipates favorable prospects for D.R. Horton, Inc. (NYSE:DHI) stock performance and expects the company’s valuation to continue growing. The Overweight rating underscores Barclays’ belief that D.R. Horton is well-positioned within the industry, and investors may interpret this as a positive signal to consider the stock for their portfolios. The target raise reflects Barclays’ updated analysis of D.R. Horton, Inc. (NYSE:DHI) fundamentals and market conditions, offering valuable guidance for investors navigating the real estate or homebuilding sector.
03. T-Mobile US, Inc. (NASDAQ:TMUS)
Upside Potential: 17%
On December 13, UBS Group increased its target price on T-Mobile US, Inc. (NASDAQ:TMUS) from $180.00 to $186.00 while maintaining a Buy rating on the shares. This upward adjustment reflects UBS Group’s bullish outlook for T-Mobile US, Inc. (NASDAQ:TMUS) within its coverage. With T-Mobile US, Inc. (NASDAQ:TMUS) current stock price at $159.55, the revised target price suggests an upside potential of 17%. This indicates UBS Group’s confidence in T-Mobile US, Inc. (NASDAQ:TMUS) growth prospects and its expectation for a positive trajectory in the company’s valuation. The Buy rating emphasizes UBS Group’s belief that T-Mobile US, Inc. (NASDAQ:TMUS) is well-positioned within its industry, and investors may interpret this as a strong endorsement to consider the stock for their portfolios. The target raise reflects UBS Group’s updated analysis of T-Mobile US, Inc. (NASDAQ:TMUS) fundamentals and market conditions, providing valuable guidance for investors navigating the telecommunications sector.
02. AT&T Inc. (NYSE:T)
Upside Potential: 21%
On December 13, Wells Fargo & Company increased its target price on AT&T Inc. (NYSE:T) from $17.00 to $20.00, maintaining an Overweight rating on the shares. This upward revision indicates Wells Fargo’s positive outlook for AT&T within its coverage. With AT&T Inc. (NYSE:T) current stock price at $16.46, the revised target price suggests an upside potential of 21%. This implies that Wells Fargo sees strong growth prospects for AT&T Inc. (NYSE:T) stock and anticipates an increase in the company’s valuation. The Overweight rating underscores Wells Fargo’s belief that AT&T Inc. (NYSE:T) is well-positioned within its industry, and investors may interpret this as a robust endorsement to consider the stock for their portfolios. The target raise reflects Wells Fargo’s updated analysis of AT&T Inc. (NYSE:T) fundamentals and market conditions, offering valuable guidance for investors navigating the telecommunications sector.
01. Casey’s General Stores, Inc. (NASDAQ:CASY)
Upside Potential: 22%
On December 13, Stephens increased its target price on Casey’s General Stores, Inc. (NASDAQ:CASY) from $305.00 to $340.00 while maintaining an Overweight rating on the shares. This upward revision reflects Stephens’ optimistic outlook for Casey’s General Stores, Inc. (NASDAQ:CASY) within its coverage. With Casey’s General Stores, Inc. (NASDAQ:CASY) current stock price at $278.13, the revised target price suggests an upside potential of 22%. This indicates that Stephens sees robust growth prospects for Casey’s General Stores, Inc. (NASDAQ:CASY) stock and foresees an increase in the company’s valuation. The Overweight rating emphasizes Stephens’ belief that Casey’s General Stores, Inc. (NASDAQ:CASY) is well-positioned within its industry, and investors may interpret this as a strong endorsement to consider the stock for their portfolios. The target raise reflects Stephens’ updated analysis of Casey’s General Stores, Inc. (NASDAQ:CASY) fundamentals and market conditions, providing valuable guidance for investors navigating the retail or convenience store sector.
ClearBridge Mid Cap Strategy made the following comment about Casey’s General Stores, Inc. (NASDAQ:CASY) in its third 2023 investor letter:
“The Strategy’s consumer staples holdings also fared well. One of our top performers was Casey’s General Stores, Inc. (NASDAQ:CASY), which operates convenience stores and gas stations. The company continues to drive greater growth and improve internal performance through the expansion of its private label offerings, while a cooling labor market has helped alleviate wage pressures on margins. By deliberately focusing its geographic footprint on smaller communities, the company has high market share in the regions it serves as well as pricing power, which we believe will continue to be long-term earnings drivers.”
Disclosure: None. You can also take a look at 11 Cheapest Stocks With Biggest Upside and 13 Best Nancy Pelosi Stocks To Buy Now.
