Shopify Inc. (NYSE: SHOP): Deutsche Bank started coverage with a Hold rating and a $1,650 price target. That is much lower than the $2,074.74 consensus target. Tuesday’s close was at $1,476.64 a share.
Skillz Inc. (NYSE: SKLZ): Citigroup resumed coverage with a Buy rating and a $23 price target. The consensus target is $18. The shares closed Tuesday at $11.61, down almost 4% for the day.
Splunk Inc. (NASDAQ: SPLK): Deutsche Bank started coverage with a Hold rating and a $180 price target. The consensus target is $178.93. The stock closed on Tuesday at $164.98.
Texas Roadhouse Inc. (NASDAQ: TXRH): High commodity and labor inflation costs are weighing down this restaurant stock, says Zacks, which named it the Bear of the Day. Shares last closed at $87.79, and the consensus price target is $100.77.
T-Mobile US Inc. (NASDAQ: TMUS): Raymond James upgraded the carrier’s shares to Strong Buy from Outperform and lifted the target price to $158 from $151. The consensus target is up at $171.46. The final Tuesday trade hit the tape at $115.80.
Under Armour Inc. (NYSE: UAA): William Blair raised its Market Perform rating on the sports apparel giant to Outperform. Over the past 52 weeks, the stock has traded between $14.05 and $26.45, and it has a $26.83 consensus price objective. The shares closed Tuesday at $25.60, up a sharp 16% after posting strong earnings.
Zillow Group Inc. (NASDAQ: ZG): Truist Securities downgraded the stock to Hold from Buy and slashed the target price to $83 from $140. The consensus target is $146.21, but it will drop fast. The stock closed Tuesday at $85.48, down almost 12% for the day, and the shares were down an additional 18% in the premarket, after the online real estate company announced Tuesday that it would get rid of its home buying and selling business, citing an inability to predict house prices.
The home run results for the financial sector this past quarter show that strong momentum should remain a tailwind. So will interest rates creeping higher. The top large-cap financials likely will continue to post very solid numbers, and five big bank stocks look very attractive.
Tuesday’s early top analyst upgrades and downgrades included Adobe, Alcoa, Apple, Dell Technologies, Discover Financial, DraftKings, Exxon Mobil, Microsoft and Qualcomm. Analyst calls seen later in the day were on Expedia, Ford, Salesforce and more.
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