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Saturday's Featured Content 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's not always the case. A stock's price action and changes in Wall Street price targets can diverge after earnings — a signal the market may be overreacting and that an opportunity could exist for investors. Below, we detail three stocks that fell 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 is mid-cap chip stock Allegro Microsystems (NASDAQ: ALGM). Allegro has strong capabilities in magnetic sensing and power chips, serving electric-vehicle and industrial markets. Because of the company's technological strength, industry leader ON Semiconductor (NASDAQ: ON) attempted to acquire the firm, offering $35.10 per share — a considerable premium to Allegro's Nov. 7 closing price of about $27. Amazon's Layoffs Were Just the Beginning
Amazon just slashed 30,000 jobs – the largest layoff in its history – and almost no one's talking about the real reason why. A former hedge fund manager says it's part of a much bigger shift. One that could reshape how we all work, invest, and build wealth in the years ahead. He's spent the last decade preparing for this moment... and just released something that could help everyday Americans get ahead, while there's still time. Full story here 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 nonetheless, dropping 1.5% the same day, and are down more than 12% since that report. None of this stopped analysts from raising their price targets. The MarketBeat consensus price target on Allegro is about $38, implying roughly 41% upside. Among analysts who updated targets on Oct. 31, the average price target rose by 16% to just under $40, implying about 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. That quarter showed outsized growth for many firms because COVID-19 shutdowns in 2020 depressed sales, creating easy year-over-year comparisons, which makes eBay's latest growth more notable. However, 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. Still, analysts who updated forecasts after the results were more optimistic: among those who changed targets between Oct. 30 and Nov. 3, the average target increased by over 7%. Considering all analysts who updated or set targets during that period, the average target is just over $96, suggesting roughly 15% upside. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite 15% Earnings Drop Lastly, we look at another mid-cap chip stock, Impinj (NASDAQ: PI). Impinj specializes in radio frequency identification (RFID) chips and sensors, which companies place on items to track inventory far faster than barcode scanning. Many expect Impinj to benefit from an RFID partnership between Avery Dennison (NYSE: AVY) and Walmart (NYSE: WMT), since Avery Dennison uses Impinj's chips in many packaged RFID offerings. Impinj shares jumped more than 19% on Oct. 23 on 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% below their pre-report level. The MarketBeat consensus price target on Impinj stands at about $226, implying roughly 38% upside. However, among all analysts who issued or set targets after the earnings, the average target is just over $239, implying about 46% upside. Additionally, among three analysts who changed their targets immediately after the Oct. 30 results, the average price target rose by 19%. Allegro and Impinj: Mid-Cap Chip Stocks with Potential Overall, Wall Street analysts appear to disagree with the market's reaction to Allegro, eBay, and Impinj. Updated targets that imply nearly 50% upside 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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