Top Analyst Upgrades and Downgrades: Alphabet, Cognex, Facebook, Monsanto, Netflix, Nvidia, Tesla, Ulta, Zscaler and More

Print Email

Netflix Inc. (NASDAQ: NFLX) was reiterated as Overweight and the price target was raised to $328 from $285 at JPMorgan. The firm sees a strong first quarter and sees it isolated from many of the other online regulatory and privacy concerns. Raymond James raised its target price to $330 from $290. Shares closed up 0.3% at $289.93 on Monday and were indicated up 2.9% at $298.30 on Tuesday.

Nvidia Corp. (NASDAQ: NVDA) was raised to Overweight from Equal Weight with a $258 price target at Morgan Stanley. The stock closed up 0.5% at $215.41 on Monday and was indicated up 3.7% at $223.50 on Tuesday.

Radian Group Inc. (NYSE: RDN) was down 15.8% at $16.11 on Monday. RBC Capital Markets downgraded Radian to Sector Perform from Outperform and cut its target to $19 from $28. KBW cut its target to $26 from $29, and Deutsche Bank cut its target to $25.50 from $30.

RSP Permian Inc. (NYSE: RSPP) is being acquired and analysts keep downgrading their ratings now that it will become part of a larger company. Stifel was the latest: to Hold from Buy.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was started as Outperform at Bernstein.

Tesla Inc. (NASDAQ: TSLA) was maintained as Sell with a $195 price target at Goldman Sachs, with the tax credit phase-out coming and as competition heats up for electric vehicles.

Ulta Beauty Inc. (NASDAQ: ULTA) was raised to Overweight from Neutral and the price target was raised to $236 from $212 at Piper Jaffray.

Zscaler Inc. (NASDAQ: ZS) has seen its post-IPO quiet period come to an end. Deutsche Bank started it as Hold with a $29 target. Credit Suisse started it as Outperform with a $33 target, and Robert W. Baird started it as Outperform with a $34 price target. Barclays assigned an Equal Weight rating and a $30 target.

Credit Suisse’s Global Emerging Market Equity Strategy team raised Mexico to 5% Overweight from 10% Underweight based on its optimism on NAFTA negotiations, its economy is reaccelerating, earnings outlook is improving, the Mexican peso is stabilizing and valuations are very attractive.

Monday’s top analyst upgrades and downgrades were in Alcoa, Cemex, Comerica, Facebook, General Motors, Incyte, Proofpoint, Regeneron Pharmaceuticals and many more.

I'm interested in the Newsletter