Lyft Inc. (NASDAQ: LYFT) was reiterated as Buy but its target price was trimmed to $49 from $50 at Citigroup. Shares closed at $29.10 on Tuesday and have a $40.71 consensus target price.
Medtronic PLC (NYSE: MDT) was reiterated as Buy and its target price was raised to $120 from $108 (versus a $102.59 close) at Citigroup.
Nikola Corp. (NASDAQ: NKLA) was started with a Neutral rating and a $45 target price (versus a $39.18 close) at Wedbush Securities.
Nio Ltd. (NYSE: NIO) was raised to Overweight from Equal Weight and its target price was raised to $20.50 from $12.00 (versus a $17.84 close) at Morgan Stanley.
Roku Inc. (NASDAQ: ROKU) was started as Buy with a $180 price target at Citigroup. The stock closed down 0.55% at $147.77, and it had a $163.90 consensus target price ahead of this call.
Salesforce.com Inc. (NYSE: CRM) saw its shares surge 15% to $247.00 after earnings. Wedbush Securities reiterated its Outperform rating and raised its target to $300 from $250, and Raymond James reiterated its Strong Buy rating and raised its target to $255 from $230. Citigroup reiterated its Buy rating and raised its target to $300 from $195. Truist Securities reiterated its Buy rating and raised its target to $287 from $210.
Shopify Inc. (NYSE: SHOP) was started with an Overweight rating at Atlantic Equities. The stock closed up 3.8% at $1,037.19, and it had a $1,094.83 consensus price target ahead of the call.
Target Inc. (NYSE: TGT) was again named as the Bull of the Day at Zacks, which said that shares have jumped 25% in the past month as Wall Street gushes over its recent blowout quarter. Shares most recently closed at $152.85 and have a consensus price target of $158.73.
Uber Technologies Inc. (NYSE: UBER) was maintained as Buy but its price target was trimmed to $40 from $41 (versus a $31.19 close) at Citigroup.
Urban Outfitters Inc. (NASDAQ: URBN) was maintained as Neutral and its price target was raised to $24 from $20 at Citigroup, and Loop Capital Raised its rating from Sell to Hold with a $24 target price.
Vroom Inc. (NASDAQ: VRM) was started as Overweight with an $82 target price (versus $65.36 prior close) at Piper Sandler.
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Tuesday’s top analyst upgrades and downgrades included Crocs, Gap, GW Pharmaceuticals, Lowe’s Companies, Merck, Nio, Palo Alto Networks, Phillips 66, Starbucks and Vital Farms.