Roku Inc. (NASDAQ: ROKU): Wedbush has raised the stock to Outperform from Neutral and has set a $475 price target. The consensus target is $471.44, and the stock closed Wednesday at $357.74. The shares were up over 3% in premarket trading.
Shopify Inc. (NYSE: SHOP): Susquehanna upgraded it to Positive from Neutral and has a massive $1,500 price target. The consensus target is $1,458.07 and the shares closed Wednesday at $1,288.20, which was up almost 12% after the company posted stellar earnings for the quarter.
Silicon Laboratories Inc. (NASDAQ: SLAB): JPMorgan downgraded the shares to Neutral from Overweight and also lowered the price target to $155 from $160. The consensus target is up at $169.82, and the final Wednesday trade was reported at $149.61.
Spotify Technologies S.A. (NYSE: SPOT): Pivotal Research Group raised shares of the music streaming giant to Buy from Hold. The firm’s $340 price target compares with the $322.68 consensus figure. The last trade for Wednesday came in at $256.84, which was down over 12% after the company posted inline earnings.
Wayfair Inc. (NYSE: W): Zacks named this as the Bear of the Day stock. The firm said that, though it may not be a short candidate, current stockholders might want to take profits here and run. Shares last closed at $311.04 and have a consensus price target of $336.33.
WesBanco Inc. (NASDAQ: WSBC): Piper Sandler downgraded the stock to Neutral from Overweight and has a $40 price target. The consensus target is $38.63. The stock closed Wednesday at $36.68.
XP Inc. (NYSE: XP): HSBC Securities started coverage with a Buy rating and a $46 price target. The consensus target is $49.62, and Wednesday’s final print was $39.51.
This week, four technology giants reported incredible results. For long-term aggressive growth investors, all four stocks still offer outstanding entry points.
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Wednesday’s early top analyst upgrades and downgrades included Advanced Micro Devices, Canopy Growth, Cimarex Energy, Credit Suisse, Fastly, Lemonade, Mattel, Ralph Lauren and ViacomCBS. Analyst calls seen later in the day were on Alphabet, Aurora Cannabis, Crocs, Enphase Energy, NXPI Semiconductors and Spirit Airlines and more.