Investing
Friday's Top Analyst Upgrades and Downgrades: Duke Energy, Macy's, Mosaic, Nvidia, ServiceNow, Shopify, Workday and More
August 20, 2021 8:50 am
Last Updated: August 20, 2021 8:55 am
Ontrak Inc. (NASDAQ: OTRK): Cowen downgraded the stock to Underperform from Market Perform and slashed the target price to $9 from $35. B. Riley Securities also downgraded the shares, to Neutral from Buy, and has a $15 target. The consensus price objective is $40. The shares were crushed Thursday, closing down almost 45% to $11.68. The selling continued in the premarket, as the stock was down an additional 8%.
Pinnacle West Capital Corp. (NYSE: PNW): Goldman Sachs downgraded the shares to Sell from Neutral and dropped the price target to $73 from $85. The consensus target is $82.62. Thursday’s closing trade was at $80.08.
SAP S.E. (NYSE: SAP): Oppenheimer resumed coverage of the German technology giant with an Outperform rating and a $155 price target. The consensus target is just $132.06. The final trade on Thursday was reported at $147.02 a share.
ServiceNow Inc. (NYSE: NOW): Oppenheimer resumed coverage with an Outperform rating and lifted the price target to $700 from $610. This compares with the lower consensus price objective of $651.29 and Thursday’s final price of $586.92 per share.
Shopify Inc. (NYSE: SHOP): This e-commerce stock was selected as Bull of the Day at Zacks. The analyst suggested that Shopify shined long before the pandemic forced more businesses and shoppers down the e-commerce route, plus it posted another strong quarter at the end of July and its outlook remains impressive. Shares closed most recently at $1,466.11 and have a consensus price target of $1,670.84.
Workday Inc. (NASDAQ: WDAY): Oppenheimer resumed coverage of the stock with an Outperform rationing and a $285 price target. The consensus target is $283.15. The stock was last seen on Thursday at $231.90.
The top companies in the legalized sports betting world are getting ready for a huge football season, and smart growth stock investors may want to grab some of the top stocks now. Top Wall Street analysts are very positive on these five hot gaming stocks.
See whether expectations are too high for lithium products makers.
Thursday’s early top analyst upgrades and downgrades included Applied Materials, Bill.com, Brinker, Illumina, McAfee, Nvidia, Nasdaq, SeaWorld, Target and Weibo. Analyst calls seen later in the day were on Apple, Autodesk, Beazer Homes and more.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
