C.H. Robinson Worldwide Inc. ($CHRW) Stock Forecast: Down 2.5% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is C.H. Robinson Worldwide Inc.?

CHRW is the stock symbol for C.H. Robinson Worldwide, Inc., a global logistics company that provides transportation and supply chain services. The overall market today had a bearish movement.

Why is C.H. Robinson Worldwide Inc. going down?

CHRW stock is down 2.5% on Aug 31, 2023 14:05

Susquehanna analyst Bascome Majors downgraded CHRW from Neutral to Negative, which likely contributed to the bearish movement.
The decrease in the price target for CHRW by Susquehanna from $88 to $77 also added to the negative sentiment.
While other stocks like CrowdStrike Holdings, Inc., Okta, Inc., and Shopify Inc. saw positive price target adjustments, the downgrade and decrease in price target for CHRW had a stronger impact on its bearish movement.

CHRW Price Chart

CHRW News

Salesforce To Rally Around 25%? Here Are 10 Other Analyst Forecasts For Thursday

Needham raised the price target for CrowdStrike Holdings, Inc. (NASDAQ: CRWD ) from $170 to $200. Needham analyst Alex Henderson maintained a Buy rating. CrowdStrike shares rose 1.7% to close at $149.18 on Wednesday. Susquehanna cut C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW ) price target from $88 to $77. Susquehanna analyst Bascome Majors downgraded the stock from Neutral to Negative. C.H. Robinson shares rose 0.3% to close at $94.63 on Wednesday. Evercore ISI Group boosted the price target for Okta, Inc. (NASDAQ: OKTA ) from $65 to $75. Evercore ISI Group analyst Peter Levine upgraded the stock from Underperform to In-Line. Okta shares rose 2.4% to close at $73.57 on Wednesday. Canaccord Genuity increased the price target for Shopify Inc. (NYSE: SHOP ) from $60 to … Full story available on Benzinga.com

https://www.benzinga.com/news/23/08/34139753/salesforce-to-rally-around-25-here-are-10-other-analyst-forecasts-for-thursday

News Article Image Salesforce To Rally Around 25%? Here Are 10 Other Analyst Forecasts For Thursday

C.H. Robinson Worldwide Inc. Price History

Disclaimer

Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.

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Date

Aug 31, 2023 14:05

Content

C.H. Robinson Worldwide Inc. ($CHRW) Stock Forecast: Down 2.5% Today What is C.H. Robinson Worldwide Inc.? Why is C.H. Robinson Worldwide Inc. going down? CHRW CHRW Price Chart CHRW News Trending Today C.H. Robinson Worldwide Inc. Price History