Tuesday Afternoon Analyst Upgrades and Downgrades: Exxon Mobil, First Solar, Tesla and More
24/7 Wall St. looks at some big analyst upgrades and downgrades that we have seen so far on Tuesday, including Affirm, BioCryst Pharmaceuticals, Exxon Mobile, First Solar and Tesla.
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With the trading day more than halfway over, the broad markets were pushing higher yet again. They shook off a rough start to the day with strong earnings and have been pushing higher ever since. The Dow Jones industrials and S&P 500 are leading the way, each up fractionally.
24/7 Wall St. is reviewing some big analyst calls seen on Tuesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Tuesday that included Airbnb, Krispy Kreme, Planet Fitness, Square, Workday and more.
Affirm Holdings Inc. (NASDAQ: AFRM | AFRM Price Prediction): D.A. Davidson downgraded the stock to a Neutral rating from Buy and cut the price target to $65 from $90. The shares were changing hands at around $63 apiece on Tuesday, in a 52-week trading range of $46.50 to $146.90.
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BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX): Cantor Fitzgerald started coverage with an Overweight rating and a $21 price target. Shares traded near $16 on Tuesday, in a 52-week range of $3.30 to $17.74. They have a consensus price target of $18.11.
Exxon Mobil Corp. (NYSE: XOM): DZ Bank downgraded it to a Hold rating from Buy and has a $62.50 price target. Shares traded near $58 on Tuesday, in a 52-week range of $31.11 to $64.93. The consensus price target is $66.34.
First Solar Inc. (NASDAQ: FSLR): Guggenheim initiated coverage with a Buy rating and a $113 price target. The stock was trading at around $92 a share on Tuesday, in a 52-week range of $59.52 to $112.50.
Iridium Communications Inc. (NASDAQ: IRDM): Morgan Stanley initiated coverage with an Overweight rating and a $50 price target. The stock was changing hands near $41 a share on Tuesday, in a 52-week range of $23.65 to $54.65.
SolarEdge Technologies Inc. (NASDAQ: SEDG): Johnson Rice raised its Hold rating to Accumulate, and the analyst also raised the price target to $325 from $290. Citigroup upgraded it to Buy from Neutral, along with a price target hike to $360 from $300. The stock traded near $297 on Tuesday, in a 52-week range of $178.32 to $377.00.
Tesla Inc. (NASDAQ: TSLA): Piper Sandler reiterated an Overweight rating and a $1,200 price target. The stock traded near $707 on Tuesday, in a 52-week range of $273.00 to $900.40. Its consensus price target is $655.12.
Tractor Supply Co. (NASDAQ: TSCO): Benchmark initiated coverage with a Buy rating and a $219 price target. The stock was trading at around $187 a share on Tuesday, in a 52-week range of $127.78 to $200.75. Analysts have a consensus price target of $198.48 for the stock.
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Five top Jefferies bank stock picks really are value plays when compared to the very overbought and pricey stock market as a whole. With earnings out of the way, investors can feel good about adding positions in these dividend payers.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
