Popular Inc. (NASDAQ: BPOP): Wells Fargo started coverage with an Overweight rating and a $115 price target. The consensus target is just $85.75. Tuesday’s closing share price was $82.93.
Sanmina Inc. (NASDAQ: SANM): BofA Securities downgraded the shares to Underperform from Neutral and cut the target price to $38 from $46. The consensus target is $50.67. The last trade for Tuesday hit the tape at $39.64, but that was down almost 8% for the day after the company posted disappointing results.
Smart Global Holdings Inc. (NASDAQ: SGH): Zacks has named this as its Bull of the Day stock, suggesting this is the under-the-radar semiconductor stock investors have been looking for, with its broadening portfolio of cutting-edge chips that are poised to take flight in this commencing technological renaissance. The shares last closed at $59.21, and the consensus price target is $72.00, which would be an all-time high.
TE Connectivity Ltd. (NYSE: TEL): Wolfe Research’s upgrade to Outperform from Peer Perform included a price target hike to $190 from $148. The stock hit a 52-week high of $161.55 on Tuesday.
Trade Desk Inc. (NASDAQ: TTD): Wells Fargo reiterated an Overweight rating on the shares and boosted the price target to $120 from $115. Truist Securities maintained a Buy rating and lifted the $92 price objective to $100. That was the theme with other Wall Street firms, after the company posted stellar results. The consensus target of $87.53 is sure to go higher. The stock popped almost 10% on Tuesday to close at $97.09.
Zillow Group Inc. (NASDAQ: ZG): Zacks selected this as its Bear of the Day, pointing out that the company overextended itself in the iBuying space and now is paying the price. Shares last closed at $66.62 and so far have a consensus target of $91.06.
Despite Massive Market Melt-Up, 4 Buy-Rated Stocks With Huge Dividends Are Still Cheap
With an overbought and overpriced stock market, rising inflation could trigger a lightning-fast sell-off. Five Buy-rated, dividend-paying stocks that can fight through inflation may be good areas for investors to move to now.
Tuesday’s early top analyst upgrades and downgrades included Airbnb, Canopy Growth, Continental Resources, DraftKings, Fisker, Moderna, Owens Corning, SunPower and Wayfair. Analyst calls seen later in the day were on Livent, Royal Dutch Shell, SmileDirectClub, Tencent Music and more.
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