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Top Analyst Upgrades and Downgrades: CrowdStrike, Equinix, JPMorgan, Lyft, Snowflake, Splunk, Tesla, Xpeng, Zscaler and More

Snowflake Inc. (NYSE: SNOW) stock was down over 4.2% at $292.69 per share ahead of earnings and traded down almost 3% more to $284.50 after its first earnings report as a public company. Piper Sandler reiterated it as Overweight and has a $312 price target.

Splunk Inc. (NASDAQ: SPLK) stock was last seen down 21% at $161.40 after its earnings report. Stifel downgraded it from Buy to Hold with a $160 price target. Raymond James kept its Outperform rating but cut its target to $195 from $225. Needham maintained its Buy rating but cut its target price from $300 to $275. The stock previously had a $234.08 consensus target price.

Tattooed Chef Inc. (NASDAQ: TTCF) was started with a Hold rating and a $17 price target at Jefferies.

Tesla Inc. (NASDAQ: TSLA) shares were down 2.7% at $568.82 apiece on Wednesday, but the stock was indicated up 4.4% at $594.00 on Thursday. Goldman Sachs upgraded Tesla to Buy from Neutral and raised its price target to $780 from $455.

Tyson Foods Inc. (NYSE: TSN) was raised to Overweight from Neutral with a $77 price target (versus a $66.10 prior close) at Piper Sandler.

Xpeng Inc. (NYSE: XPEV) was downgraded to Neutral from Buy with a $59 price target (versus a $56.00 prior close) at UBS.

XPO Logistics Inc. (NYSE: XPO) stock was last seen trading up about 3.6% at $114.00 a share after news that the company would conduct a spin-off of its contract logistics operations into a new, separately traded company. Raymond James reiterated its Outperform rating on the shares and raised its target price to $135 from $105. KeyBanc Capital Markets reiterated its rating as Overweight and raised its target from $125 to $140.

Yatra Online Inc. (NASDAQ: YTRA) was started as Buy with a $3 price target (versus a $1.94 prior close) at H.C. Wainwright.

Zscaler Inc. (NASDAQ: ZS) stock was trading up 11.25% at $163.30 per share after earnings. Needham reiterated it as a Strong Buy and has a $190 price target.

The analysts at Raymond James have been on fire this year with their Top Pick selections for health care, and we found four that look like great ideas for investors looking to initiate or add positions in the sector.

Wednesday’s top analyst upgrades and downgrades included Dave & Buster’s, Kohl’s, Micron Technology, NetApp, Peloton Interactive, Salesforce.com, Slack, Verizon Communications and Whiting Petroleum.