Pinterest Inc. (NASDAQ: PINS): JPMorgan downgraded the popular stock to Neutral from Overweight and dropped the price target on the shares to $68 from $95. Evercore ISI downgraded it to In Line from Outperform and also lowered the target to $60 from $98. The consensus target was last seen at $84.32. The shares retreated 6% on Thursday and closed at $72.04, and they were pummeled in premarket trading, down an additional 21% after posting disappointing second-quarter results.
PolyPid Ltd. (NASDAQ: PYPD): Cantor Fitzgerald resumed coverage with an Outperform rating and a $24 price target. No consensus target was available. The shares closed on Thursday at $7.23
Riot Blockchain Inc. (NASDAQ: RIOT): BTIG Research started coverage with a Buy rating and a $45 price target. That compares with a $49.27 consensus target and Thursday’s close at $31.90, after declined close to 4% on the day.
SPS Commerce Inc. (NASDAQ: SPSC): Baird upgraded the shares to Outperform from Neutral and boosted the price target to $130 from $124. The posted consensus price objective is $125.29. The stock closed trading at $100.37 on Thursday.
Summit Financial Inc. (NASDAQ: SMMF): When Piper Sandler upgraded it to Overweight from Neutral, the firm also lifted the price target to $26 from $25. The consensus price target is $26.50. The shares ended trading on Thursday at $23.06.
T-Mobile US Inc. (NASDAQ: TMUS): RBC Capital Markets raised its Sector Perform rating to Outperform and hiked the target price to $180 from $133. The consensus target is $166.16. The stock closed on Thursday at $144.63.
Viant Technology Inc. (NASDAQ: DSP): BofA Securities raised the stock to Buy from Neutral and has a $30 price target. That compares with a $46.50 consensus price objective and Thursday’s last trade of $15.98. Shares were up almost 8% on premarket action.
Six Goldman Sachs conviction stock picks all pay healthy dividends and offer great total return potential and less potential volatility in a very overbought stock market that may be poised for a long-needed correction.
Thursday’s early top analyst upgrades and downgrades included Boeing, Campbell’s Soup, Dick’s Sporting Goods, Hess, iRobot, Robinhood Markets, Spotify, Tesla and Zoom Video Communications. Analyst calls seen later in the day were on Facebook, Spotify, Wingstop and more.