Roblox has started, Target receives an upgrade: Leading analyst recommendations from Wall Street

Today's Key Analyst Ratings and Market Insights

Stay updated with the latest influential analyst actions and research notes from Wall Street. Below, you'll find a summary of today's most significant upgrades, downgrades, and new coverage initiations, curated for investors.

Top 5 Analyst Upgrades

• Target (Telsey Advisory has raised its rating to Outperform from Market Perform, increasing the price target to $145 from $110 following the company's earnings release. The upgrade reflects renewed optimism in Target's growth strategy, particularly its efforts to revive its signature merchandising appeal. Meanwhile, Bernstein also upgraded Target, moving it to Market Perform from Underperform, and set a new price target of $116, up from $91.)
• Tesla (BofA has reinstated coverage with a Buy rating, up from Neutral, and set a price target of $460. The firm regards Tesla as the leading force in consumer autonomy and anticipates it will soon dominate the robotaxi market, citing its superior scalability and profitability compared to rivals.)
• Ross Stores (Telsey Advisory has upgraded Ross Stores to Outperform from Market Perform, raising the price target to $240 from $220. The decision follows a strong earnings performance during the crucial holiday quarter.)
• RPM (Baird has elevated RPM to Outperform from Neutral, maintaining a price target of $125. The firm expects RPM to deliver accelerating earnings growth in fiscal 2027 and beyond.)
• Intellia Therapeutics (JonesResearch has upgraded Intellia Therapeutics to Buy from Hold, assigning a $29 price target. The upgrade comes after the FDA lifted holds on both the MAGNITUDE and MAGNITUDE-2 trials, allowing the company to resume patient enrollment.)

Top 5 Analyst Downgrades

• First Solar (GLJ Research has lowered its rating to Hold from Buy, with the price target reduced to $207.82 from $314.43. The firm notes that the company's 2026 outlook fell short of expectations in revenue, volume, and EBITDA, missing even the lowest projections from the buy side.)
• GitLab (Piper Sandler has downgraded GitLab to Neutral from Overweight, cutting the price target to $28 from $55. The downgrade is attributed to concerns over slowing growth, which Piper believes will deter investors from capitalizing on the recent selloff.)
• LegalZoom (Barclays has moved LegalZoom to Underweight from Equal Weight, lowering the price target to $6 from $9. The firm highlights risks from AI-powered tools that could streamline processes and shift demand to alternative online platforms.)
• Avient (KeyBanc has downgraded Avient to Sector Weight from Overweight, citing increased raw material costs as the primary reason for the change.)
• Cooper Companies (Rothschild & Co Redburn has reduced its rating to Neutral from Buy, with a new price target of $85, down from $92. The firm anticipates continued challenges in the contact lens market through fiscal 2025, with little improvement expected in the near term.)

Top 5 New Analyst Coverages

• Roblox (DA Davidson has initiated coverage with a Neutral rating and a $65 price target. While recognizing Roblox's strong growth driven by new popular experiences, the firm remains cautious due to anticipated increased competition in 2026 and 2027.)
• Rivian (BofA has resumed coverage with an Underperform rating and a $14 price target, expecting slower adoption of electric vehicles and limited short-term profit growth due to regulatory headwinds. BofA also reinstated coverage of Lucid Group with an Underperform rating, and Ford and General Motors with Buy ratings.)
• AutoNation (BofA has reinstated coverage with a Buy rating and a $235 price target. The firm expects the North American auto sector to outperform this year as manufacturers adapt to regulatory changes that favor higher-margin internal combustion vehicles.)
• Chime (KeyBanc has started coverage with an Overweight rating and a $30 price target. The firm points to Chime's unique technology platform as a driver for innovation and believes its business model is well-positioned for profitability.)
• nLight (Baird has initiated coverage with an Outperform rating and a $95 price target. The firm cites strong market momentum and substantial funding as key factors supporting nLight's growth, further bolstered by its vertical integration and technological capabilities.)