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Top Analyst Upgrades and Downgrades: Boeing, Citigroup, Cree, FuelCell, Lowe's, NextEra, Nio, Nvidia, Shopify, Sonos, Square, Target, Uber, Yelp and More

NextEra Energy Inc. (NYSE: NEE) was started with an Overweight rating and an $81 price target at Piper Sandler. The stock closed down 1% at $75.79 and has a $78.72 consensus target price.

Nio Ltd. (NYSE: NIO) was reiterated as Buy and its price target was raised to $50 from $34 (versus a $45.06 prior close) at Deutsche Bank. Shares have risen exponentially in 2020, and the consensus target price was just $24.28 ahead of this call.

Nvidia Corp. (NASDAQ: NVDA) closed up $0.26 at $537.15 ahead of earnings, and it was trading down almost 2% at $526.61 on profit-taking afterward. Wedbush Securities reiterated it as Outperform with a $600 price target. Mizuho reiterated its Buy rating and raised its target to $605 from $575. Raymond James reiterated its Outperform rating and raised its target from $550 to $600.

ODP Corp. (NASDAQ: ODP) was named as the Bull of the Day at Zacks, which said the office products giant Office Depot looks to be on the right road to post-pandemic recovery. Shares most recently closed at $29.43 and have a consensus price target of $27.67.

Portland General Electric Co. (NYSE: POR) was downgraded to Neutral from Buy with a $43 price target (versus a $42.41 close, after a 2.5% drop) at Mizuho.

RealReal Inc. (NASDAQ: REAL) was named as the Zacks Bear of the Day stock. The firm said consumers just are not looking for luxury consignment goods right now. Shares last closed at $13.21 and have a consensus price target of $17.63.

Shopify Inc. (NYSE: SHOP) was raised to Buy from Hold and its price target was raised to $1,250 from $1,150 (versus a $931.43 close) at Jefferies.

Sonos Inc. (NASDAQ: SONO) was down 0.3% at $17.09 ahead of earnings, but after beating estimates and raising guidance, its shares were up 20% at $20.50 on Thursday morning at almost an all-time high. RBC Capital Markets reiterated it as Outperform and raised its price target to $24 from $19. Morgan Stanley reiterated its Overweight rating and lifted its target to $30 from $20.

Square Inc. (NYSE: SQ) was reiterated as Buy and its price target was raised to $300 from $225 (versus a $185.54 close) at Mizuho. It had a $180.88 consensus target price, and its shares were indicated up 4% at $193.00 on Thursday morning.

State Street Corp. (NYSE: STT) was raised to Outperform from Market Perform and was given an $84 price target at Keefe Bruyette & Woods. Shares closed down almost 2% at $69.18 ahead of the call and have a $75.18 consensus target price.

Target Corp. (NYSE: TGT) closed up 2.3% at $166.85 after posting solid earnings. MKM Partners upgraded it to Neutral from Sell with a $156 target. Raymond James reiterated its Strong Buy rating and raised its target to $200 from $180.

TJX Companies Inc. (NYSE: TJX) was reiterated as Outperform and its price target was raised to $70 from $64 at RBC Capital Markets. The stock hit a new high of $65.14 on Wednesday after earnings.

T. Rowe Price Group Inc. (NASDAQ: TROW) was downgraded to Neutral from Buy at BofA Securities.

Uber Technologies Inc. (NYSE: UBER) was reiterated as Outperform and its target price was raised to $60 from $49 at Wedbush. It closed up 0.45% at $49.11 on Wednesday, with a $47.95 consensus target price.

Yelp Inc. (NYSE: YELP) was reiterated as Outperform and its target was raised to $34 from $29 at RBC Capital Markets. Shares closed up 3.1% at $30.89 on Wednesday and have a $28.35 consensus target price.

ZoomInfo Technologies Inc. (NASDAQ: ZI) was raised to Overweight from Equal Weight with a $53 target at Morgan Stanley. Shares closed down almost 3% at $39.59 on Wednesday and have a $53.93 consensus target price.

Baird analysts are out with their top cybersecurity and infrastructure software ideas for 2021. Three stocks are the top picks, and all are great portfolio additions for aggressive growth investors.

Wednesday’s top analyst upgrades and downgrades included Baidu, BigCommerce, Boeing, Ciena, Deere, GoodRx, Kohl’s, ONEOK, Tesla and Walmart.

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