Opendoor Technologies Inc. (NASDAQ: OPEN) was started with a Neutral rating at BTIG. The shares have traded in a 52-week range of $10.55 to $32.39, and they have a consensus price target of $34. The stock was last seen Tuesday at $25.01. The shares traded 3% higher in Wednesday’s premarket.
Osmotica Pharmaceuticals PLC (NASDAQ: OSMT) saw its price target lowered to $8 from $11 at Truist Securities. That compares with the $9.60 consensus and a $5.29 per share close on Tuesday. Shares were down a whopping 24% in the premarket after the company received a complete response letter from the FDA yesterday for its arbaclofen ER filing for multiple sclerosis spasticity due to insufficient support for efficacy.
Spotify Technology S.A. (NYSE: SPOT) saw its target price raised to $380 from $310 at Monness Crespi & Hardt. That compares with the consensus figure of $275.57. Tuesday’s closing price was $318.43.
2U Inc. (NASDAQ: TWOU) was reiterated with a Buy rating and was called the best idea for 2021 at Needham. The analysts feel that its setup heading into fiscal year 2021 is attractive as the company has been a delayed beneficiary from the shift to online education caused by the pandemic. The consensus target is $48.15, and the shares ended Tuesday at $39.64.
Vertex Pharmaceutical Inc. (NASDAQ: VRTX) was started with an Outperform rating and a $250 price target at Daiwa Securities. The consensus target for the company is even higher at $288.76. Tuesday’s last trade came in at $233.49.
Vir Biotechnology Inc. (NASDAQ: VIR) was reiterated at Baird with an Underperform rating and a $24 price target. That compares to a much higher $54.86 consensus estimate and Tuesday’s closing price of $28.58.
Vornado Realty Trust (NYSE: VNO) was raised at Argus from Hold to Buy with a $42 price target. That compares to a $41.64 consensus target and Tuesday’s $35.99 close.
Whiting Petroleum Corp. (NYSE: WLL) saw its price target lifted to $32 from $26 at Truist Securities. The consensus target is $29.25, and Tuesday’s last trade came in at $25.47.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) was started with a Buy rating and an $8 price target at Benchmark. The consensus target is $8.00, and Tuesday’s closing print was $5.70. The stock was 4% higher in the premarket action.
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Tuesday’s top analyst upgrades and downgrades included Amgen, Amphenol, Continental Resources, EOG Resources, FedEx, IMAX and Splunk.
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