Shopify, eBay receive upgrades: Leading analyst recommendations from Wall Street
By:101 finance
Today's Key Analyst Actions on Wall Street
Stay updated with the most influential analyst recommendations and market-moving research from across Wall Street. Below you'll find a summary of today's top upgrades, downgrades, and new coverage initiations, curated by The Fly.
Top 5 Stock Upgrades
- eBay (EBAY): Goldman Sachs has raised its rating to Neutral from Sell and increased the price target to $88 (previously $77) after a strong fourth-quarter performance. The firm notes that eBay's recent investments are steering the company toward sustainable growth.
- Shopify (SHOP): Phillip Securities upgraded Shopify to Buy from Neutral, setting a new price target of $160, up from $155. The upgrade follows a recent dip in share price, with the firm highlighting Shopify's robust growth and its strong position in agentic commerce.
- Analog Devices (ADI): Needham has moved Analog Devices to Buy from Hold, assigning a $400 price target. The decision comes after the company posted impressive first-quarter results and guidance that exceeded expectations, prompting the firm to take a more positive stance.
- T-Mobile (TMUS): Daiwa upgraded T-Mobile to Outperform from Neutral, raising the price target to $240 from $230. While fourth-quarter results were mixed, the firm believes T-Mobile's strong showing at its capital markets day reinforces its leadership in growth.
- Verizon (VZ): Daiwa also upgraded Verizon to Buy from Outperform, lifting the price target to $58 from $48. The firm points to Verizon's exceptional fourth-quarter performance, including 616,000 net postpaid phone additions—the best since 2019.
Top 5 Stock Downgrades
- Cheesecake Factory (CAKE): Stephens has lowered its rating to Equal Weight from Overweight, maintaining a $65 price target after the company reported a 2.2% decline in same-store sales for the fourth quarter.
- Polestar (PSNY): Cantor Fitzgerald downgraded Polestar to Underweight from Neutral, citing reduced delivery expectations, increased capital requirements, recent share price gains, and uncertainty around the company's autonomy strategy.
- Fiverr (FVRR): Roth Capital cut Fiverr to Neutral from Buy, lowering the price target to $14 from $32 after a disappointing quarter. Both Citi and JPMorgan also downgraded the stock to Neutral-equivalent ratings.
- HF Sinclair (DINO): Scotiabank reduced its rating to Sector Perform from Outperform, with a new price target of $53 (down from $62). The downgrade is attributed to uncertainty surrounding the CEO's leave of absence and an ongoing audit committee review.
- GeoVax Labs (GOVX): D. Boral Capital downgraded GeoVax Labs to Hold from Buy, citing a more challenging near-term outlook with limited growth catalysts and tighter capital availability.
Top 5 New Analyst Coverages
- Lear (LEA): Benchmark has started coverage with a Buy rating and a $170 price target. The firm sees Lear as a unique opportunity to benefit from increasing vehicle content and premium interiors, supported by strong cash flow and automation-driven margins.
- Tempus AI (TEM): Mizuho initiated coverage with an Outperform rating and a $100 price target, highlighting the company's leadership in precision oncology diagnostics within a rapidly expanding $40 billion market.
- Rhythm Pharmaceuticals (RYTM): RBC Capital began coverage with an Outperform rating and a $478 price target, noting the company's pioneering work in rare genetic obesity treatments targeting the root cause of disease.
- Credo Technology (CRDO): Goldman Sachs initiated coverage with a Buy rating and a $165 price target, representing a 27% potential upside. The firm sees a favorable near-term outlook, with its estimates above consensus.
- Kiniksa (KNSA): Canaccord started coverage with a Buy rating and a $62 price target, emphasizing that Arcalyst is the first and only FDA-approved therapy for recurrent pericarditis.
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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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