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The Earnings360 Team
Today's Featured Story Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsWritten by Leo Miller. Published 11/10/2025. 
Key Points - After reporting earnings, three stocks saw their shares move down steeply.
- But, counterintuitively, Wall Street analysts raised their price targets on these names.
- This indicates that a window of opportunity may now exist for investors.
While the market and Wall Street analysts often agree on the implications of earnings reports, that is not always the case. A stock's price action and changes in Wall Street price targets can diverge after these events — a sign the market may be overreacting and a potential opportunity for investors. Below, we detail three stocks that fell sharply after their latest earnings but saw significant price-target increases. Analysts Eye 50% Upside in EV Chip Stock Allegro Microsystems Often, investors will overlook stocks just because they're cheap.
It's a common thought that a cheap price tag means that something must be wrong with the company.
But this couldn't be further from the case in many instances. Get your FREE look at these THREE companies right here. First up is mid-cap chip stock Allegro Microsystems (NASDAQ: ALGM). Allegro has strong capabilities in magnetic sensing and power chips that serve electric vehicle and industrial markets. Because of the company's technology, ON Semiconductor (NASDAQ: ON), one of the industry's leaders, proposed to acquire Allegro for $35.10 per share. That offer was a sizable premium to the stock's Nov. 7 closing price of roughly $27. The company reported earnings on Oct. 30, beating estimates on both sales and earnings per share (EPS). Shares sold off despite the beat, dropping about 1.5% the same day, and have declined more than 12% since the report. Yet analysts continued to raise their price targets. The MarketBeat consensus price target for Allegro is roughly $38, implying about 41% upside. Among analysts who issued updates on Oct. 31, the average price target rose by 16%. The average among those updated forecasts is just under $40, implying roughly 47% upside — a sign that analysts incorporating the latest data are growing more bullish on the stock. eBay Posts Fastest Growth Since 2021, Price Action and Targets Diverge eBay (NASDAQ: EBAY) also posted beats when it reported earnings on Oct. 29. Revenues rose more than 9% on a non-currency-adjusted basis in Q3 — the company's fastest quarterly growth since Q3 2021. (COVID-19-related disruptions in 2020 depressed sales and created easier year-over-year comparisons in 2021, which makes the recent growth pace notable.) Despite the strong results, shares plunged on Oct. 30, closing down nearly 16%, and they remain near that level. The MarketBeat consensus price target of about $94.50 implies roughly 13% upside. However, analysts who updated targets after the results were more optimistic: among those who changed targets between Oct. 30 and Nov. 3, the average target rose by over 7%. Across all analysts who updated or set targets in that period, the average target is just over $96, suggesting about 15% upside for eBay shares. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite 15% Earnings Drop Lastly, consider another mid-cap chip stock, Impinj (NASDAQ: PI). Impinj makes radio frequency identification (RFID) chips and sensors that let companies track inventory more efficiently than scanning barcodes. The company is well positioned to benefit from an RFID partnership between Avery Dennison (NYSE: AVY) and Walmart (NYSE: WMT). Avery Dennison integrates Impinj's chips into many packaged RFID offerings, and Impinj shares jumped more than 19% on Oct. 23 after that news. On Oct. 29, Impinj reported earnings that also exceeded expectations for sales and EPS. Still, shares sold off the next day, closing down nearly 15%, and are now about 32% below their level at the time of the report. The MarketBeat consensus price target for Impinj is approximately $226, implying about 38% upside. Among analysts who issued or set targets after the earnings announcement, the average target is just over $239, implying roughly 46% upside. In addition, the three analysts who changed their targets immediately after the Oct. 30 results raised their average price target by 19%. Allegro and Impinj: Mid-Cap Chip Stocks With Potential In these three cases, Wall Street analysts' outlooks diverged from the market's immediate reaction. Updated targets now imply nearly 50% upside for both Allegro and Impinj, which is noteworthy. Investors may want to research these names further to determine whether the market's reaction created buying opportunities.
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