Latest Ratings from Top Wall Street Analysts: Shopify and eBay Upgraded
Here is a summary of the most closely watched and market-moving analyst rating changes on Wall Street today for investors’ reference.
Top 5 Upgrades
- Goldman Sachs upgraded eBay (EBAY) from Sell to Neutral, raising the target price from $77 to $88. The bank noted that eBay's strong Q4 performance and related investments have helped reposition the company toward “sustainable growth.”
- Phillip Securities upgraded Shopify (SHOP) from Neutral to Buy, raising the target price from $155 to $160. The firm stated that after a recent pullback, the stock’s valuation is attractive, and Shopify’s strong growth momentum positions it well to benefit from the development of intelligent agent e-commerce.
- Jefferies upgraded ADI>Analog Devices (ADI) from Hold to Buy, with a target price of $400. The reason is that the company’s Q1 results and guidance significantly exceeded expectations, operating conditions continue to improve, and a wait-and-see attitude is no longer warranted.
- Daiwa Securities upgraded T-Mobile (TMUS) from Neutral to Outperform, raising the target price from $230 to $240. The firm said that while Q4 results were mixed, the capital markets day performance was outstanding, and the company is expected to maintain its leading position in industry growth.
- Daiwa Securities upgraded Verizon (VZ) from Outperform to Buy, raising the target price from $48 to $58. The company’s Q4 performance was exceptional, with a net addition of 616,000 postpaid phone users, the best level since 2019.
Top 5 Downgrades
- Stephens Investment Bank downgraded The Cheesecake Factory (CAKE) from Overweight to Equal Weight, with the target price unchanged at $65. The company’s Q4 same-store sales declined by 2.2%, with a slowdown in growth.
- Cantor Fitzgerald downgraded Polestar (PSNY) from Neutral to Underweight, with no target price set. Reasons include lowered delivery expectations, additional financing needs, recent share price increases, and unclear autonomous driving strategy.
- Roth Capital downgraded Fiverr (FVRR) from Buy to Neutral, cutting the target price from $32 to $14. The company’s quarterly results missed expectations and outlook was lowered. Citi and JPMorgan Chase have also downgraded it to Neutral.
- Scotiabank downgraded HF Sinclair (DINO) from Outperform to Sector Perform, lowering the target price from $62 to $53. CEO leave and audit committee review of disclosure processes bring significant uncertainty.
- D. Boral Capital downgraded GeoVax Labs (GOVX) from Buy to Hold, with no target price set. The company's short-term outlook is limited, catalysts are lacking, and funding is tightening.
Top 5 Initiations
- Benchmark initiated coverage of Lear (LEA) with a Buy rating and a target price of $170, seeing benefits from the trends of automotive intelligence and high-end interiors.
- Mizuho Securities initiated coverage of Tempus AI (TEM) with an Outperform rating and a target price of $100, citing a large and fast-growing market for precision oncology diagnostics.
- Royal Bank of Canada initiated coverage of Rhythm Pharmaceuticals (RYTM) with an Outperform rating and a target price of $478. The company has innovative therapies in the rare genetic obesity field.
- Goldman Sachs initiated coverage of Credo Technology (CRDO) with a Buy rating, a target price of $165, and an expected upside of 27%.
- Canaccord Genuity initiated coverage of Kiniksa (KNSA) with a Buy rating and a target price of $62. Its product Arcalyst is currently the only FDA-approved drug for recurrent pericarditis.
Editor: Guo Mingyu
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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