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The Earnings360 Team
Thursday's Featured Content 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.
The market and Wall Street analysts often reach the same conclusions after earnings, but not always. A stock's price action and changes in analyst price targets can diverge after a report. That divergence can indicate the market has overreacted to a firm's results and may create opportunities for investors. Below are three stocks that fell notably after their latest earnings reports but drew significant price-target increases from analysts. Analysts Eye 50% Upside in EV Chip Stock Allegro Microsystems Wall Street's already moving while most traders are still reacting — powered by data and AI tools the rest of us don't see. That's why we built Fierce Free Alerts: real-time signal notifications that cut through the noise and trigger the moment smart setups start forming. Activate your free real-time trading alerts now First up is mid-cap chip stock Allegro Microsystems (NASDAQ: ALGM). Allegro is known for magnetic sensing and power ICs that serve electric-vehicle and industrial customers. Because of its technology, ON Semiconductor (NASDAQ: ON), a leading industry player, tried to acquire the company, offering $35.10 per share — a material premium to Allegro's Nov. 7 close near $27. The company reported earnings on Oct. 30, beating estimates on both revenue and EPS. Shares fell 1.5% that day and have dropped more than 12% since the report. Despite the sell-off, analysts raised their price targets. The MarketBeat consensus price target for Allegro is about $38, implying roughly 41% upside. Among analysts who updated targets on Oct. 31, the average target rose about 16%; the average of those updated forecasts is just under $40, implying roughly 47% upside. In short, analysts incorporating the latest information are turning more bullish on the stock. eBay Posts Fastest Growth Since 2021, Price Action and Targets Diverge eBay (NASDAQ: EBAY) also beat estimates when it reported on Oct. 29. Revenue rose more than 9% on a non-currency-adjusted basis in Q3, the company's fastest quarterly growth since Q3 2021 — a notable result given the strong comparables coming out of the COVID-19 period. Yet the stock plunged in reaction to the results, closing down nearly 16% on Oct. 30, and remains near that level. The MarketBeat consensus price target of about $94.50 implies roughly 13% upside. Still, analysts who updated targets after the report were more optimistic: among those who changed targets between Oct. 30 and Nov. 3, the average price target rose by over 7%. The average target across all analysts who updated or set targets in that window is just over $96, suggesting about 15% upside. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite Post-Earnings Selloff Finally, consider another mid-cap chip stock, Impinj (NASDAQ: PI). Impinj makes radio-frequency identification (RFID) chips and sensors that let companies track inventory more quickly than barcode scanning. The company stands to benefit from an RFID partnership between Avery Dennison (NYSE: AVY) and Walmart (NYSE: WMT). Avery Dennison uses Impinj's chips in many of its packaged RFID products, and Impinj shares jumped more than 19% on Oct. 23 after that news. On Oct. 29, Impinj reported results that beat expectations for revenue and EPS. Still, the stock sold off sharply the next day, closing down nearly 15%. Since the company's earnings report, Impinj shares are about 32% lower from recent levels. The MarketBeat consensus price target for Impinj is approximately $226, implying roughly 38% upside. However, among analysts who issued or set targets after the earnings announcement, the average target is just over $239 — about 46% upside. Notably, the three analysts who changed targets immediately after the Oct. 30 reaction raised their average targets by about 19%. Allegro and Impinj: Mid-Cap Chip Stocks With Potential Overall, analysts appear to disagree with the market's immediate reaction to the results from Allegro, eBay and Impinj. Updated analyst targets that imply nearly 50% upside for Allegro and Impinj are especially notable. Investors may want to dig deeper into these names if they believe the market overreacted and the fundamentals support the higher targets.
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