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The Earnings360 Team
Today's Bonus News 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 about earnings reports — but not always. A stock's price action can diverge from changes in Wall Street price targets after earnings. That divergence may indicate the market is overreacting to results, creating potential opportunities for investors. Below, we detail three stocks that fell notably after their latest earnings but then saw meaningful increases in analyst price targets. Analysts Eye 50% Upside in EV Chip Stock Allegro Microsystems First up is mid-cap chip stock Allegro Microsystems (NASDAQ: ALGM). Allegro is known for magnetic sensing and power chips that serve the electric-vehicle and industrial markets. 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 — a sizable premium to the stock's Nov. 7 close near $27. The company reported earnings on Oct. 30, beating estimates for both revenue and earnings per share (EPS). Despite the upside surprise, shares slipped 1.5% the same day and have fallen more than 12% since the report. That price weakness did not prevent analysts from raising targets. The MarketBeat consensus price target for Allegro is roughly $38, implying about 41% upside. Among analysts who updated targets on Oct. 31, the average target jumped by 16% to just under $40, implying roughly 47% upside. In short, analysts who incorporated the latest data grew more bullish on the stock. eBay Posts Fastest Growth Since 2021, Price Action and Targets Diverge eBay (NASDAQ: EBAY) also beat 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 the third quarter of 2021. That comparison is notable because many companies posted outsized growth a few years ago after COVID-19 lockdowns created easier year-over-year comps. Still, shares plunged on Oct. 30, falling nearly 16% and remaining 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 who changed price targets between Oct. 30 and Nov. 3, the average target rose by over 7%. Across all analysts who set or updated targets in that window, the average came in just above $96, suggesting about 15% upside for eBay shares. Analysts Upgrade Walmart-Linked Chip Stock Impinj Despite 15% Earnings Drop Lastly, consider another mid-cap chip name, Impinj (NASDAQ: PI). Impinj makes radio frequency identification (RFID) chips and sensors that let companies track inventory faster than traditional barcode scanning. The company stands to gain 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 jumped more than 19% on Oct. 23 after that news. On Oct. 29, Impinj reported earnings that beat expectations for both revenue and EPS. Despite the upside surprise, shares fell sharply the next day, closing down nearly 15%, and are now about 32% below their level at the time of the report. The MarketBeat consensus price target for Impinj is roughly \$226, implying about 38% upside. However, among analysts who issued or set price targets after the earnings announcement, the average target is just over $239, implying roughly 46% upside — notably higher than the consensus. Among the three analysts who changed targets immediately after the Oct. 30 reaction, 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 negative reactions to Allegro, eBay, and Impinj. Updated price targets implying nearly 50% upside for Allegro and Impinj stand out in particular. Investors interested in these stories should conduct further research to determine whether the apparent disconnect presents a suitable opportunity for their portfolios.
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