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Featured News from MarketBeat.com Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsWritten by Leo Miller. Published 11/7/2025. While the market and Wall Street analysts often agree on the implications of 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. That divergence can signal the market is reacting too harshly to a firm's results and may present an opportunity for investors. Below, we detail three stocks that declined considerably after their latest earnings but saw significant price target increases. All data is as of the Nov. 7 close unless otherwise indicated. Analysts Eye 50% Upside in EV Chip Stock Allegro Microsystems 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 technological strengths, one industry leader, ON Semiconductor (NASDAQ: ON), attempted to acquire the firm, offering $35.10 per share. That offer represented a sizeable premium to Allegro's Nov. 7 closing price of roughly $27. In 2008, I went on CNBC and warned of a huge crash in the market. Get this free, 43-minute training on the next page. Just put in your email. 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 is a sign that a window of opportunity may now exist for investors.
The company reported earnings on Oct. 30, beating estimates on both sales and earnings per share (EPS). Shares sold off anyway, dropping 1.5% the same day; since reporting, shares are down more than 12%. None of this stopped analysts from raising their price targets. The MarketBeat consensus price target on Allegro is approximately $38, implying about 41% upside. Among analysts who issued updates on Oct. 31, the average price target rose 16% to just under $40, implying roughly 47% upside. That suggests analysts incorporating the latest data are becoming 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 shutdowns in 2020 artificially lowered sales and created easy comparisons the following year, which makes eBay's latest growth rate even more notable. However, shares plunged on Oct. 30, closing nearly 16% lower, and remain near that level. The MarketBeat consensus price target of around $94.50 implies about 13% upside. Still, analysts who updated their forecasts after the results are more optimistic: among those who changed price targets between Oct. 30 and Nov. 3, the average target increased by over 7%. Across all analysts who updated or set targets in that window, the average comes in just over $96, implying roughly 15% upside. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite 15% Earnings Drop Lastly, we'll look at another mid-cap chip stock, Impinj (NASDAQ: PI). Impinj specializes in radio-frequency identification (RFID) chips and sensors that let companies track inventory faster than barcode scanning. Many expect Impinj 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 offerings, and Impinj shares spiked more than 19% on Oct. 23 after that news. On Oct. 29, Impinj beat expectations on sales and EPS. Still, shares sold off the next day, closing down nearly 15%, and are now roughly 32% lower since reporting. The MarketBeat consensus price target on Impinj stands at around $226, implying about 38% upside. However, among analysts who issued or set price targets after earnings, the average target is just over $239, implying roughly 46% upside. Additionally, among three analysts who changed their targets immediately after the Oct. 30 results, the average price target rose 19%. Allegro and Impinj: Mid-Cap Chip Stocks with Potential Overall, Wall Street analysts clearly disagreed with the market's reaction to the results from Allegro, eBay and Impinj. The updated targets — with nearly 50% upside implied for Allegro and Impinj — are particularly noteworthy. Investors may want to research these names further given their potential for sizable gains.
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