Investing

Top Analyst Upgrades and Downgrades: AutoZone, Best Buy, Bloomin' Brands, EOG Resources, Lemonade, Pure Storage, QuantumScape, Stitch Fix, Twilio and More

QuantumScape Corp. (NYSE: QS) was started with an Outperform rating and a $57 price target at Cowen. The consensus target for the shares of the battery company backed by Bill Gates and Volkswagen is $56.75. The stock closed Monday at $46.87, up almost 6%, and the shares were up an additional 5% in the premarket.

Southwestern Energy Co. (NYSE: SWN) was raised from Hold to Buy with a $6.75 price target at Johnson Rice. The consensus target is just $4.50. The shares closed at $3.78 on Monday.

Stitch Fix Inc. (NASDAQ: SFIX) was downgraded at Deutsche Bank from Buy to Hold with a $54 price target. The consensus target is $54.13. Monday’s last trade of $68.52 was down over 6% for the day.

Tanger Factory Outlet Centers Inc. (NYSE: SKT) was downgraded at Goldman Sachs from Neutral to Sell with a $12.50 price target. The consensus target is $11.67, and the last Monday trade came in at $17.12. The shares were down over 4% in the premarket and have been on a roller-coaster after the Reddit/WallStreetBets crowd zeroed in on the highly shorted company.

Twilio Inc. (NYSE: TWLO) was started with a Buy rating and a $415 price target at Jefferies. The consensus objective is even higher at $508.75. Monday’s close at $320.59 a share was down almost 5% on the day. Shares rebounded over 4% in the premarket.

Whiting Petroleum Corp. (NYSE: WLL) was raised at Wells Fargo from Equal Weight to Overweight with a $40 price target. The consensus target is $32.25, and the shares closed on Monday at $33.67.

Xpeng Inc. (NASDAQ: XPEV) was raised from Sell to Buy with a $34 price target at Daiwa Securities. The consensus target is a much higher $54.43, and the stock last closed at $26.92, down almost 4% on Monday.


Goldman Sachs has added three top software stocks to its well-respected Americas Conviction List.

Note that Cathie Wood’s ARK Invest has purchased over 800,000 shares of DraftKings. And see why renowned hedge fund manager David Tepper insists that now is not the time to be bearish on equities and growth investor Louis Navellier expects a market surge.

Monday’s early top analyst upgrades and downgrades included Accenture, Coca-Cola, Fastly, First Solar, Lemonade, Marvell Technology, Peloton Interactive and Target. Analyst calls seen later in the day were on Bumble, NextEra Energy, Wheaton Precious Metals and more.