Investing
Top Analyst Upgrades and Downgrades: Accenture, Coca-Cola, Fastly, First Solar, Lemonade, Marvell, Peloton, Target and More
March 8, 2021 8:52 am
Last Updated: August 10, 2021 1:08 pm
Peloton Interactive Inc. (NASDAQ: PTON) was raised from Neutral to Buy with a $130 price target at MKM Partners. The much higher consensus target is $166.35, and Friday’s last trade came in at $105.13 a share.
Rocket Companies Inc. (NYSE: RKT) was named as the Zacks Bull of the Day stock. The firm wonders whether the bulls can send this stock to the moon again. Shares last closed at $25.10, but the consensus price target is just $24.86.
SeaWorld Entertainment Inc. (NASDAQ: SEAS) was downgraded to Neutral from Buy at Citigroup, though the analyst raised the price target on the aquatic amusement parks to $52. The consensus target is $48.20, and Friday’s last trade was reported at $49.10, which was up over 4% on the day.
Target Corp. (NYSE: TGT) was raised from Neutral to Buy with a $200 price target at Guggenheim. The consensus target for the big-box retailer is $201.69. The stock closed at $172.61 on Friday.
Ulta Beauty Inc. (NASDAQ: ULTA) saw its target price raised to $375 from $315 at Telsey Advisory, which maintained its Outperform rating on the retail cosmetics leader. The posted consensus target is $308.25. The stock closed Friday at $333.77, up almost 3% for the day.
V.F. Corp. (NYSE: VFC) was upgraded to Buy from Hold at Pivotal Research, which also raised the price target to $94. The consensus target is $93.55, and Friday’s closing price was $78.77 per share.
Waitr Holdings Inc. (NASDAQ: WTRH) was raised at Deutsche Bank from Hold to Buy with a $4 price target. The consensus target for the food delivery company is up at $5.70, but the shares ended trading Friday trading at $3.20 apiece.
Zoetis Inc. (NYSE: ZTS) was raised at BofA Securities from Neutral to Buy with a $180 price target. The consensus target is $188.14, and the stock closed trading on Friday at $145.68.
One surprising recent change is many hedge funds and mutual fund portfolio managers are buying old-school legacy tech stocks. Five of them make sense for investors looking to move out of the momentum plays. Furthermore, top analysts were bullish on eight top tech stocks last week.
Friday’s early top analyst upgrades and downgrades included Autodesk, Costco, Gap, SBA Communications, Smith & Wesson, Western Digital and Zscaler. Analyst calls seen later in the day were on Boeing, Cisco, Oracle and more.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Editors' Picks
