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Further Reading from MarketBeat Media 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 draw the same conclusions from earnings reports, that isn't always the case. A stock's price action and changes in Wall Street price targets can diverge after these events — a signal the market may be overreacting and a potential opportunity for investors. Below, we highlight three stocks that fell sharply after their latest earnings but saw meaningful increases in analyst price targets. Analysts Eye 50% Upside in EV Chip Stock Allegro Microsystems Trump's Next Export Ban Could Reshape the Global Economy
It's not semiconductors, AI chips or quantum computers. But none of those technologies can exist without it. On January 19th, 2026, Trump is expected to ban exports of something every tech company desperately needs—forcing them all to relocate to U.S. soil. See what he's about to ban here… First up is mid-cap chip stock Allegro Microsystems (NASDAQ: ALGM). Allegro is known for magnetic sensing and power chips used in electric vehicles and industrial applications. Because of the company's technology, ON Semiconductor (NASDAQ: ON), one of the industry's leaders, proposed to acquire the firm at $35.10 per share. That was a considerable premium to the stock's Nov. 7 closing price of about $27. The company reported earnings on Oct. 30, beating estimates on both revenue and EPS. Shares nonetheless sold off the same day, declining about 1.5%, and have fallen more than 12% since the report. Despite the price reaction, analysts raised 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 16% — averaging just under $40 and implying roughly 47% upside. In short, analysts who incorporated the latest data appear more bullish on the stock. eBay Posts Fastest Growth Since 2021, Price Action and Targets Diverge eBay (NASDAQ: EBAY) also reported beats on Oct. 29. Revenues rose more than 9% on an unadjusted basis in Q3 — the company's fastest quarterly growth since Q3 2021. That earlier period followed COVID-19 shutdowns in 2020, which depressed sales and made 2021 comparisons easier, so eBay's latest growth is notable. Despite the strong quarter, shares plunged on Oct. 30, closing down nearly 16%, and remain near that level. The MarketBeat consensus price target of about $94.50 implies roughly 13% upside. Analysts who updated forecasts after the results were more optimistic: among those revising targets between Oct. 30 and Nov. 3, the average target rose over 7%, and the average across all updates in that window was just over $96 — implying about 15% upside. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite 15% Earnings Drop Finally, mid-cap chip maker Impinj (NASDAQ: PI) designs radio-frequency identification (RFID) chips and sensors. Companies attach these chips to items to track inventory more efficiently than barcodes. Impinj stands to benefit from an RFID partnership between Avery Dennison (NYSE: AVY) and Walmart (NYSE: WMT); Avery Dennison uses Impinj's chips in many packaged RFID solutions. Shares jumped more than 19% on Oct. 23 after that news. On Oct. 29, Impinj reported results that beat expectations for sales and EPS. Still, shares fell sharply the next day, closing down nearly 15%, and are now about 32% below their pre-earnings level. The MarketBeat consensus price target for Impinj is roughly $226, implying about 38% upside. However, among analysts who issued or set targets after the earnings announcement, the average target is just above $239 — implying roughly 46% upside. Among the three analysts who revised targets immediately after the Oct. 30 results, the average target rose about 19%. Allegro and Impinj: Mid-Cap Chip Stocks With Potential Overall, Wall Street analysts appear to disagree with the market's near-term reactions to Allegro, eBay and Impinj. Updated price targets point to sizable upside — nearly 50% for Allegro and Impinj in some post-earnings updates — which may warrant further research by investors seeking potential opportunities.
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