Wednesday's Top Analyst Upgrades and Downgrades: Accenture, FedEx, McAfee, PubMatic, ServiceNow, Sofi, Trade Desk and More

SoFi Technologies Inc. (NASDAQ: SOFI): Jefferies started coverage of this meme stock darling with a Buy rating and a $25 target. The consensus target is $23.17, and Tuesday’s last trade of $15.17 was up over 4% for the day. The stock tacked on almost 5% in premarket trading Wednesday.

SunPower Corp. (NASDAQ: SPWR): Evercore ISI initiated coverage with an Outperform rating and a $27 price target. The consensus target is $25.20. The shares ended Tuesday’s trading at $21.09.

Trade Desk Inc. (NASDAQ: TTD): Berenberg resumed coverage with a Buy rating and an $85 price target. That compares with the slightly higher $86.44 consensus target and Tuesday’s closing print of $72.14.

Vale S.A. (NYSE: VALE): The BofA Securities downgrade to Neutral from Buy included a target price cut to $20 from $27. The consensus target for the South American metals and mining giant is $25.25. The shares were last seen on Tuesday at $15.88.

Vimeo Inc. (NASDAQ: WMEO): Wells Fargo began coverage with an Overweight rating and a $47 price target. The consensus price objective is $49.29. The final print for Tuesday came in at $32.39.

Volta Inc. (NYSE: VLTA): Needham started coverage with a Buy rating and a $15 price target. No consensus target for the stock was available. It closed trading on Tuesday at $12.59, after an almost 6% gain on the day. The shares were up an additional 4% in premarket trading.

Xponential Fitness Inc. (NASDAQ: XPOF): Raymond James upgraded the shares to Strong Buy from Market Perform and has a $14 price target. The consensus target is higher at $17.50. The last trade on Tuesday hit the tape at $10.34 per share.

Hedge fund managers are getting more defensive, and it is probably time individual investors do as well. Five stocks come with reliable dividends, are not overextended and are rated Buy at major Wall Street firms. They look like great picks for the rest of 2021 and beyond.

Meme stocks on the move Tuesday included Aterian, DraftKings and Lucid. Wednesday morning, Marin Software pushed its way into the meme stock spotlight.

Tuesday’s early top analyst upgrades and downgrades included AT&T, Comcast, First Solar, Fortinet, Jefferies Financial, Next Era Energy Partners, T-Mobile and Walt Disney. More analyst calls were seen later in the day, including on Bath & Body Works, General Mills and Verizon.

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.