Investing

Tuesday's Top Analyst Upgrades and Downgrades: Alibaba, Ericsson, Mastercard, McDonald's, Micron Technology, Visa and More

Micron Technology Inc. (NASDAQ: MU): The BofA Securities upgrade of the chipmaker to Buy from Neutral included a target price hike to $100 from $76. The consensus target is $101.28. The stock closed on Monday at $82.03. The shares were up over 8% in the premarket trading in the wake of stellar results.

Public Storage (NYSE: PSA): JPMorgan upgraded the stock to Overweight from Neutral and lifted the target price to $385 from $359. The consensus target is $368.57. The shares closed on Monday at $365.97.

Qualtrics International Inc. (NASDAQ: XM): Truist Securities reiterated its Buy rating and has a $62 price target. The consensus target is just $54.27. The last trade on Monday was reported at $34.47, which was up close to 4% for the day.

RBC Bearings Inc. (NASDAQ: ROLL): Goldman Sachs started coverage with a Neutral rating and a $217 price target. The consensus target is up at $269.33. The last trade on Monday was at $193.71 a share.

STMicroelectronics N.V. (NYSE: STM): Morgan Stanley started coverage with an Overweight rating and a $50 price target. The consensus target is $55.88. The last trade to hit the tape Monday came in at $46.92.

Visa Inc. (NYSE: V): Though Wedbush reiterated its Buy rating on the credit card heavyweight, it also lowered its $260 price target to $240. The consensus price objective is $275.05. The final trade on Monday was reported at $208.74, down close to 2% for the day.


Software stocks have been hammered, and four of them have fallen back enough to become quite attractive for growth stock investors with some risk tolerance. The industry is entering a seasonally strong time just as these top stocks offer very solid entry points.

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Monday’s early top analyst upgrades and downgrades included Adobe, Arista Networks, AT&T, Bristol-Myers Squibb, Canopy Growth, Deere, Eli Lilly, Invesco, Medtronic, Mosaic, 3M, Roblox, Starbucks, Tesla, Tapestry and Williams Companies. Analyst calls seen later in the day were on Activision Blizzard, Lucid, Nokia, Pfizer, SoFi Technologies, Sunrun and Welltower and more.

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