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For Your Education and Enjoyment 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 interpret earnings the same way, but not always. A stock's price action can diverge from changes in analysts' price targets after earnings—sometimes signaling the market overreacted and creating a potential opportunity for investors. Below, we detail three stocks that fell noticeably after their latest earnings but whose price targets were raised significantly. 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, which serve electric vehicle and industrial markets. Because of the company's technological strengths, ON Semiconductor (NASDAQ: ON), one of the industry's leaders, attempted to acquire the firm at $35.10 per share. That offer represented a sizable premium to Allegro's Nov. 7 close near $27. The company reported earnings on Oct. 30, beating estimates on both revenue and earnings per share (EPS). Shares sold off despite the beat, falling about 1.5% that day and more than 12% since the report. Still, analysts raised their price targets. The MarketBeat consensus price target for Allegro is roughly $38, implying about 41% upside. Among analysts who updated their targets on Oct. 31, the average target rose 16% to just under $40, implying roughly 47% upside—a sign analysts incorporating the latest data have grown more bullish. eBay Posts Fastest Growth Since 2021, Price Action and Targets Diverge eBay (NASDAQ: EBAY) also posted beats when it reported on Oct. 29. Revenues rose more than 9% year over year on an unadjusted basis in Q3—the company's fastest quarterly growth since Q3 2021. That comparison is notable because COVID-19 disruptions in 2020 depressed sales, creating easier year-over-year comparisons in subsequent periods. Despite the strong results, shares fell sharply on Oct. 30, closing down nearly 16% and remaining near those levels. The MarketBeat consensus price target of about $94.50 implies roughly 13% upside. Analysts who updated targets between Oct. 30 and Nov. 3 raised their average target by more than 7%, and the overall average among those updates is just over $96—suggesting about 15% upside potential. 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 companies attach to items to speed inventory tracking compared with barcode scanning. Impinj is expected 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 offerings, and news of the collaboration sent Impinj shares up more than 19% on Oct. 23. On Oct. 29, Impinj reported earnings that exceeded expectations for revenue and EPS. Despite the beat, shares plunged nearly 15% the next day and are now down about 32% since the report. The MarketBeat consensus price target for Impinj is approximately $226, implying about 38% upside. However, analysts who issued or set targets after the earnings announcement have an average target just above $239, implying roughly 46% upside—well above the consensus. Among the three analysts who adjusted their 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 clearly reacted differently than the market to the results from Allegro, eBay, and Impinj. The updated targets—particularly for Allegro and Impinj—now imply nearly 50% upside in some cases. Investors may want to conduct additional research on these names given their potential for meaningful gains.
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