Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets

Published January 30, 2024 at 6:19 am EST Updated September 7, 2026 at 12:16 pm EDT

In this article, we will discuss the 10 stocks whose price targets were recently raised by analysts.

On January 30, Asian stock markets experienced a decline, with China bearing the brunt of the downturn, amid growing concerns among investors. This pessimism in the market is putting pressure on policymakers in China to consider implementing rate cuts in order to stimulate economic growth in the world’s second-largest economy. Specifically, stock prices in Hong Kong saw a drop of approximately 2%, while mainland China stocks were on track for a third consecutive day of decline. The recent liquidation order issued against China Evergrande Group on Monday intensified market anxieties, leading to a notable 4% decrease in a Bloomberg index tracking Chinese developers. The Evergrande liquidation saga has cast a shadow over both the Chinese and Hong Kong markets, prompting investors to reassess their positions and adopt a cautious approach. This development underscores the significant influence that regulatory and economic factors in China can have on global financial markets. As market sentiment remains fragile and uncertainty looms, investors are closely monitoring the situation and its potential implications for broader market dynamics. The possibility of rate cuts by Chinese policymakers is being closely watched as investors seek clues about the future direction of economic policy and its impact on market stability.

The oil market remained stable as investors awaited the United States’ response to the recent deadly attack on American troops in Jordan, reported Bloomberg. This attack has the potential to escalate tensions in a region crucial to global crude production. Brent crude futures were trading above $82 per barrel following a 1.4% decline on Monday, despite the drone strike targeting US soldiers. Iran has attempted to distance itself from the attack. Additionally, data indicating that OPEC+ is making a sluggish start to implementing new output cuts contributed to downward pressure on oil prices. West Texas Intermediate (WTI) also showed little movement amidst the uncertainty. Oil traders are closely monitoring developments, particularly any indications of the US government’s response to the attack. There are concerns that any action taken by the US could further heighten tensions in the region, potentially impacting oil supply and prices. As a result, market participants are proceeding cautiously, awaiting clarity on the situation and its potential implications for the oil market.

On the stock market front, analysts are bullish on stocks such as Meta Platforms, Inc. (NASDAQ:META), McDonald’s Corporation (NYSE:MCD) and Visa Inc. (NYSE:V) among many others. Check out the complete article to see the details of these upward revisions in price targets.

Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets

10. Airbnb, Inc. (NASDAQ:ABNB)

Upside Potential: N/A

On January 29, Barclays analyst Mario Lu reiterated his Underweight rating on Airbnb, Inc. (NASDAQ:ABNB) while adjusting the price target upwards from $100 to $110. This decision comes amidst ongoing scrutiny and cautious sentiment regarding the company’s performance and valuation. Despite the upward revision in the price target, Lu maintains a conservative stance on Airbnb, Inc. outlook, suggesting that the stock may not offer significant upside potential in the near term. The decision to maintain the Underweight rating indicates Barclays’ skepticism about Airbnb, Inc. ability to justify its current valuation. The revised price target of $110 suggests that Barclays anticipates limited growth prospects for Airbnb, Inc., especially considering the prevailing market conditions and the company’s financial performance. While the price target raise acknowledges certain positive factors, such as the company’s strong brand recognition and market presence, it also underscores the cautious approach taken by analysts like Lu. As of the closing bell on January 29, Airbnb, Inc. stock was trading at $152.70, reflecting the market’s reaction to the revised price target and Barclays’ assessment of the company’s valuation.

Polen Focus Growth Strategy stated the following regarding Airbnb, Inc. in its fourth quarter 2023 investor letter:

“The largest relative detractors in the quarter were Illumina, Airbnb, Inc. (NASDAQ:ABNB), and Microsoft. Airbnb continues to deliver double-digit growth in revenue and nights booked, which is especially impressive given the year-ago growth rates it delivered on these same metrics (+29% and +31, respectively). Despite these attractive results, the stock sold off as investors reacted to fourth quarter guidance that came in slightly below expectations. Coming into the fourth quarter, the stock was up +60% on the back of strong fundamentals. Stepping back, nothing has changed. Private rentals continue to take market share from hotels globally, and Airbnb continues to take market share within private rentals given its relentless focus on improving the guest and host experience. Looking ahead, we expect many years of robust earnings and cash flow growth from here.”

09. Apple Inc. (NASDAQ:AAPL)

Upside Potential: 4%

On January 29, Baird analyst William Power increased the price target for Apple Inc. (NASDAQ:AAPL) from $186.00 to $200.00, affirming an Outperform rating. This adjustment reflects Baird’s optimistic outlook on Apple Inc. performance and potential within the technology sector. With a revised price target suggesting a 4% upside potential compared to the current market price, the analyst’s move indicates confidence in Apple Inc. ability to continue delivering value to investors. The decision to maintain the Outperform rating underscores Baird’s belief in Apple’s strong position in the industry and its ability to outperform market expectations. The raised price target of $200.00 reflects Baird’s positive assessment of Apple Inc. growth prospects, innovation pipeline, and financial performance. It suggests that the company’s stock is undervalued relative to its potential, making it an attractive investment opportunity for shareholders. As of the closing bell on January 29, Apple Inc. stock was trading at $191.73, indicating a modest premium over the revised price target set by Baird.

Polen Focus Growth Strategy stated the following regarding Apple Inc. in its fourth quarter 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL) and NVIDIA alone drove over 1,100 basis points of the Russell 1000 Growth Index’s 42% return, so not owning them was a meaningful headwind to our relative return in 2023. While on a total attribution basis, Apple was not a top three detractor to our full-year return, given its extremely large weighting in the Index, we feel it’s worth sharing our thoughts.

The company’s share price appreciated nearly 50% in a year when its revenue declined and earnings per share was relatively flat with the previous year.

For 2024, consensus expectations are for low-single-digit revenue growth and only slightly faster EPS growth. These pedestrian growth rates are not surprising for a company with nearly $400 billion in annual revenue. What is more surprising is that Apple shares trade at nearly 30x forward earnings, a large premium to the market and many faster-growing, competitively advantaged businesses.

While we continue to think Apple is a wonderful business, it is also a slow growing one with risks that we do not see as insignificant. Apple’s entire supply chain is based in China and much of its incremental revenue growth also comes from China, so if there is a U.S.-China issue that makes it more difficult for U.S.-based companies that have access to large amounts of local data to operate in China, Apple’s business would likely face more challenges than many others. In addition, much of Apple’s services growth and margin expansion has come from direct payments from Google to be the default search provider on iOS devices. This practice is currently the subject of a lawsuit between Google and the U.S. Justice Department. If this practice is deemed unlawful, it could take away a large and highly profitable revenue stream from Apple’s already slow growth engine. While we closely cover Apple, we continue to believe we have better investment opportunities. Apple’s current P/E is above our Portfolio’s weighted average, yet its long-term earnings growth rate is likely to be lower than even our slowest growing holding, according to our research.”

08. Intuit Inc. (NASDAQ:INTU)

Upside Potential: 4%

On January 29, Oppenheimer analyst Scott Schneeberger increased the price target for Intuit Inc. (NASDAQ:INTU) from $610.00 to $678.00, upholding an Outperform rating. This adjustment underscores Oppenheimer’s positive outlook on Intuit Inc. prospects within the software and financial technology industry. With the revised price target indicating a 4% upside potential compared to the current market price, Schneeberger’s move reflects confidence in Intuit’s ability to deliver value to investors. Maintaining the Outperform rating signals Oppenheimer’s belief in Intuit Inc. competitive positioning and growth trajectory. The raised price target of $678.00 reflects Oppenheimer’s bullish stance on Intuit Inc. long-term growth prospects, innovative product offerings, and financial performance. It suggests that the company’s stock is undervalued relative to its potential, presenting an attractive investment opportunity for shareholders. As of the closing bell on January 29, Intuit Inc. stock was trading at $652.88, indicating a slight premium over the revised price target set by Oppenheimer.

L1 Capital International Fund made the following comment about Intuit Inc. in its Q3 2023 investor letter:

“Following significant under-performance, some high-quality businesses in these sectors are now becoming more attractive from a valuation perspective – in our language they are now getting warmer on our Bench of potential investments.

Our ‘all-weather’ portfolio centred around our unique definition of ‘quality’ delivered strong performance in the September quarter. Three companies positively contributed over 0.5% (in Australian dollars) to the Fund’s returns for the quarter (Booking Holdings, Intuit Inc. (NASDAQ:INTU) and Natural Resource Partners, in alphabetical order), and another three companies almost reached this level of positive contribution. No companies detracted from the Portfolio’s returns by 0.5% or more.

As part of our travels during the quarter (see page 6) we had the opportunity to meet with management of both Booking Holdings and Intuit. We continue to view both companies as exceptionally well managed.

Intuit held its annual Investor Day during the quarter and the presentation materials are well-worth a review. Intuit is at the forefront of commercial application of artificial intelligence (AI) across its portfolio of businesses – QuickBooks, TurboTax, Credit Karma and Mailchimp. Intuit has been investing in AI for many years, well before ChatGPT became a buzz word…” (Click here to read the full text)

07. Alphabet Inc. (NASDAQ:GOOGL)

Upside Potential: 7%

On January 29, Keybanc analyst Justin Patterson increased the price target for Alphabet Inc. (NASDAQ:GOOGL) from $153 to $165 while affirming an Overweight rating. This adjustment reflects Keybanc’s optimistic outlook on Alphabet’s prospects within the technology and internet services industry. With the revised price target suggesting a 7% upside potential compared to the current market price, Patterson’s decision underscores confidence in Alphabet’s ability to generate value for investors. By maintaining the Overweight rating, Keybanc expresses its conviction in Alphabet Inc. competitive position and growth trajectory. The raised price target of $165 reflects Keybanc’s bullish perspective on Alphabet’s long-term growth potential, innovative product offerings, and financial performance. It indicates that Alphabet Inc. stock is undervalued relative to its potential, presenting an attractive investment opportunity for shareholders. At the closing time on January 29, Alphabet Inc. stock was trading at $153.51, signaling a slight premium over the revised price target set by Keybanc. This adjustment is expected to influence investor sentiment and contribute to ongoing discussions about Alphabet Inc. position as a leading player in the technology and internet services market.

06. Intel Corporation (NASDAQ:INTC)

Upside Potential: 9%

On January 29, Morgan Stanley raised its target price on Intel Corporation (NASDAQ:INTC) shares from $39.00 to $48.00, while maintaining an “equal weight” rating. This adjustment reflects Morgan Stanley’s assessment of Intel Corporation position within the semiconductor industry and its outlook for the company’s future performance. With the revised target price suggesting a 9% upside potential compared to the current market price, Morgan Stanley’s decision underscores a moderate level of optimism regarding Intel Corporation prospects. By maintaining an “equal weight” rating, Morgan Stanley acknowledges Intel’s strengths and weaknesses relative to its peers in the industry. This rating suggests that Intel’s performance is expected to align with the broader market trends, without significant outperformance or underperformance. The raised target price of $48.00 reflects Morgan Stanley’s belief in Intel Corporation ability to execute its strategic initiatives and drive shareholder value over the long term. It indicates that Intel Corporation stock is undervalued relative to its potential, presenting a favorable investment opportunity for investors seeking exposure to the semiconductor sector. As of the closing bell on January 29, Intel Corporation stock was trading at $43.84, indicating a potential upside from the revised target price set by Morgan Stanley.

Upslope Capital Management stated the following regarding Intel Corporation in its fourth quarter 2023 investor letter:

“Intel Corporation (NASDAQ:INTC) – New Long: This is not a traditional long for Upslope in any sense. Intel is outside of the box in terms of typical sector and market cap focus, and the position is really a portfolio hedge (and structured as such). The thesis is very simple: Intel is uniquely positioned to benefit in two important scenarios, both of which require “protection” for Upslope’s portfolio: a continued melt-up in technology stocks and/or rising tensions over Taiwan. Combined with expectations and sentiment around Intel that were incredibly low, this nudged me to add exposure via long-dated INTC call options. While still material in terms of delta-adjusted exposure, the position has been reduced repeatedly and is much more modest today.”

05. Meta Platforms, Inc. (NASDAQ:META)

Upside Potential: 13%

On January 29, Jefferies analyst Brent Thill increased the price target for Meta Platforms, Inc. to $455.00 from $425.00, affirming a Buy rating on the stock. This adjustment reflects Jefferies’ outlook on Meta’s position within the technology industry and its assessment of the company’s future growth prospects. With the revised price target suggesting a 13% upside potential relative to the current market price, Jefferies’ decision underscores a bullish sentiment regarding Meta Platforms, Inc. trajectory. The higher target price indicates Jefferies’ confidence in Meta Platforms, Inc. ability to navigate challenges and capitalize on opportunities in the evolving digital landscape. Maintaining a Buy rating indicates Jefferies’ conviction that Meta is poised for significant growth and value creation. This rating suggests that Meta’s performance is expected to outpace the broader market and deliver above-average returns to investors. The raised price target of $455.00 reflects Jefferies’ positive outlook on Meta’s strategic initiatives and potential for sustained revenue and earnings growth. It signals that Meta Platforms, Inc. stock is undervalued relative to its growth prospects, making it an attractive investment opportunity for investors seeking exposure to the technology sector. As of the closing bell on January 29, Meta Platforms, Inc. stock was trading at $401.02, implying a potential upside from Jefferies’ revised price target.

04. McDonald’s Corporation (NYSE:MCD)

Upside Potential: 17%

On January 29, Bank of America raised its price target for McDonald’s Corporation, a key player in the fast-food industry, from $291.00 to $341.00, while maintaining a “neutral” rating on the stock. This adjustment reflects Bank of America’s assessment of McDonald’s Corporation position and potential within the restaurant industry landscape. With the revised price target indicating a 17% upside potential relative to the closing market price on January 29, Bank of America’s decision underscores a notable degree of optimism regarding McDonald’s future performance. The increased target price reflects Bank of America’s confidence in McDonald’s Corporation ability to execute its strategic plans and capitalize on opportunities within the highly competitive restaurant sector. By maintaining a “neutral” rating, Bank of America acknowledges McDonald’s Corporation strengths and recognizes potential challenges that may impact its performance. This rating indicates that Bank of America views McDonald’s as having balanced prospects compared to its industry peers. While optimistic about McDonald’s growth potential, Bank of America also acknowledges the presence of certain uncertainties and risks that could affect the company’s trajectory. The upward adjustment in the price target to $341.00 highlights Bank of America’s positive outlook on McDonald’s Corporation long-term value proposition and its potential to deliver shareholder returns. It suggests that McDonald’s Corporation stock is currently undervalued relative to its projected earnings trajectory, making it an attractive investment opportunity for investors looking to gain exposure to the restaurant industry.

03. Visa Inc. (NYSE:V)

Upside Potential: 17%

On January 29, Barclays analyst Raimo Lenschow reaffirmed their positive stance on Visa Inc., a leading player in the financial services industry, maintaining an “Overweight” rating on the stock. Additionally, Lenschow raised the price target for Visa Inc. from $304 to $319, indicating an upside potential of 17% relative to the closing market price on January 29. This adjustment reflects Lenschow’s continued confidence in Visa’s position and growth prospects within the financial services sector. By maintaining an “Overweight” rating, Lenschow emphasizes Visa’s strong performance and outlook compared to its industry peers. This rating suggests that Barclays views Visa Inc. as an attractive investment opportunity with favorable prospects for long-term growth and value creation. The increased price target of $319 highlights Barclays’ optimistic outlook on Visa Inc. future earnings potential and market performance. It signifies Barclays’ belief that Visa Inc. stock is currently undervalued relative to its projected earnings trajectory and growth prospects.

02. Natera, Inc. (NASDAQ:NTRA)

Upside Potential: 20%

On January 29, The Goldman Sachs Group reiterated its bullish stance on Natera, Inc. (NASDAQ:NTRA), a prominent player in the genetic testing industry, maintaining a “BUY” rating on the stock. Additionally, Goldman Sachs increased the price target for Natera, Inc. from $64.00 to $80.00, indicating a substantial upside potential of 20% relative to the closing market price on January 29. This reaffirmation of confidence by Goldman Sachs underscores the firm’s positive outlook on Natera’s position and growth prospects within the genetic testing sector. By maintaining a “BUY” rating, Goldman Sachs signals its belief that Natera represents an attractive investment opportunity with favorable prospects for long-term growth and value appreciation. The raised price target of $80.00 reflects Goldman Sachs’ optimistic view on Natera, Inc. future performance and earnings potential. This adjustment signifies Goldman Sachs’ belief that Natera’s stock is currently undervalued relative to its expected earnings trajectory and growth opportunities. Goldman Sachs’ analysis and price target revision for Natera are likely to have an impact on investor perceptions and contribute to ongoing discussions about Natera, Inc. competitive positioning and growth trajectory within the genetic testing industry. As a leading provider of genetic testing services, Natera, Inc. continues to attract attention from analysts and investors, with Goldman Sachs expressing confidence in its ability to deliver strong returns for shareholders.

Alger Spectra Fund made the following comment about Natera, Inc. in its Q2 2023 investor letter:

“Natera, Inc. (NASDAQ:NTRA) is a specialty lab providing genetic testing services in the reproductive health, oncology and transplant markets. Reproductive health tests are run to screen for common genetic disorders such as trisomy 13, 18, and 21 in pregnant women – these tests are also known as non-invasive prenatal testing (NIPT). The company’s oncology franchise is led by Signatera, a test used to detect minimal residual disease (MRD) – the applications of this test are primarily to monitor therapy response and detect cancer recurrence. Lastly, Natera’s transplant franchise is led by Prospera, a test used to monitor transplant organ rejection. Natera’s tests are all based on the company’s proprietary liquid biopsy platform to detect cell-free DNA. Shares detracted from performance this quarter after the company reported lower than expected fiscal first quarter gross margins. Moreover, we believe investors sold shares this quarter following a strong first quarter rally after the Centers for Medicare & Medicaid Services (CMS) announced they would cover Natera’s Signatera Breast tests. Despite this quarter’s decline in share price, the company reported solid quarterly revenues that beat analyst estimates, driven by strong volumes in women’s health and management raised its fiscal 2023 revenue guidance above consensus.”

01. Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP)

Upside Potential: 174%

On January 29, Oppenheimer analyst Jeff Jones reaffirmed his bullish outlook on Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP), a key player in the pharmaceutical industry, maintaining an “Outperform” rating on the stock. Additionally, Jones raised the price target for Corbus Pharmaceuticals from $20 to $51, suggesting a substantial upside potential of 174% relative to the closing market price on January 29. This reiteration of confidence by Jeff Jones underscores his positive assessment of Corbus Pharmaceuticals Holdings, Inc. position and growth prospects within the pharmaceutical sector. By maintaining an “Outperform” rating, Jones indicates his belief that Corbus Pharmaceuticals presents an attractive investment opportunity with favorable prospects for long-term growth and value appreciation. The increased price target of $51 reflects Jones’ optimistic view on Corbus Pharmaceuticals’ future performance and earnings potential. This adjustment signifies Jones’ conviction that Corbus Pharmaceuticals’ stock is currently undervalued relative to its anticipated earnings trajectory and growth opportunities. The revised price target is expected to enhance investor confidence in Corbus Pharmaceuticals Holdings, Inc. growth potential and contribute to positive sentiment surrounding the stock. Jones’ analysis and price target revision for Corbus Pharmaceuticals Holdings, Inc. are likely to influence investor perceptions and contribute to ongoing discussions about the company’s competitive positioning and growth trajectory within the pharmaceutical industry.

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