RingCentral Inc. (NYSE: RNG): Piper Sandler reiterated their Overweight rating and raised the price objective to $352 from $342. Needham maintained its Buy rating and boosted the price target to $400 from $340. The posted consensus target is $386.63. The stock rose over 20% on Wednesday after the company posted stellar results to close at $281.64 a share.
Unity Biotechnology Inc. (NASDAQ: UBX): Mizuho’s upgrade to Buy from Neutral included a price objective hike to $7 from $5. The consensus target is $6.86. The shares closed on Wednesday at $3.17, which was up a stunning 23% for the day due to positive clinical results.
Unity Software Inc. (NYSE: U): Credit Suisse reiterated an Outperform rating and lifted the price objective to $185 from $160, while Barclays kept its Equal Weight rating, and the price target rose to $162 from $105. The consensus target is $138.76. The stock closed trading on Wednesday at $176.45, after solid earnings gave it over a 3% boost.
Walt Disney Co. (NYSE: DIS): The Atlantic Equities downgrade of the entertainment and theme park giant to Neutral from Buy included a price target cut to $215 from $240. The shares have traded as high as $203.02 in the past year but were last seen on Wednesday at $174.45.
Wynn Resorts Ltd. (NASDAQ: WYNN): Morgan Stanley reiterated an Overweight rating and boosted the price target to $114 from $107. Wells Fargo kept an Equal Weight rating on the luxury casino, and the firm lowered its target to $101 from $112. The consensus target is $105.17. The shares closed on Wednesday at $92.02.
As investors turn their attention to the coming year, Goldman Sachs has released its top market themes for 2022. While some are predictable, others are very intriguing, as the coming year could prove to be very different from the past two.
Wednesday’s early top analyst upgrades and downgrades included Allstate, Ally Financial, Five9, General Electric, Host Hotels, Nucor, PayPal, Trade Desk and Zillow. Analyst calls seen later in the day were on BioNTech, ConocoPhillips, DoorDash, Palantir and more.
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