Monday Afternoon’s Analyst Upgrades and Downgrades: Chesapeake Energy, GameStop, Victoria’s Secret and More
Monday afternoon's top analyst upgrades and downgrades included Chesapeake Energy, GameStop and Victoria’s Secret.
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Markets pushed higher on Monday, as Christmas might have come a little late this year in terms of a Santa Rally. The Nasdaq was up over 1% on the back of big tech. The S&P 500 was up nearly 1%, while the Dow Jones industrials were up just above 0.5%. This marks the last trading week of 2021, and as it stands now, each of the major averages is up around 20% (S&P 500 is up over 28%) — potentially more if this rally keeps up.
24/7 Wall St. is reviewing some big analyst calls seen on Monday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day were on CarMax, Global Payments, Huya, JD.com, Paychex and more.
Chesapeake Energy Corp. (NASDAQ: CHK): Siebert Williams Shank started coverage with a Buy rating and a $90 price target. Shares were trading around $64 on Monday, and the consensus target price is $94.11.
DouYu International Holdings Ltd. (NASDAQ: DOYU): BofA Securities resumed coverage with an Underperform rating and a $3.30 price target. Shares were trading around $2.50 on Monday, and the consensus target price is $4.15.
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GameStop Corp. (NYSE: GME | GME Price Prediction): Ascendiant Capital reiterated a Sell rating. Shares were trading around $146 on Monday, and the 52-week trading range is $17.08 to $483.00.
Lucid Diagnostics Inc. (NASDAQ: LUCD): Ascendiant Capital Markets initiated coverage with a Buy rating and a $16 price target. The 52-week trading range is $4.61 to $13.52, and shares were last seen trading near $5.
MKS Instruments Inc. (NASDAQ: MKSI): Needham reiterated a Buy rating with a $215 price target. The 52-week range is $138.70 to $199.44, and shares were trading near $175 apiece.
SMART Global Holdings Inc. (NASDAQ: SGH): Rosenblatt reiterated a Buy rating and increased the $75 price target to $100. The 52-week trading range is $35.34 to $70.33, and shares were trading near $70.
Victoria’s Secret & Co. (NYSE: VSCO): Morgan Stanley reiterated an Equal Weight rating and cut the price target to $69 from $76. Shares were trading around $48 on Monday. The 52-week range is $45.65 to $76.00.
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Four battered stocks have as much as 90% upside to the analysts’ price targets, and even if they only get halfway to the targets, they will be huge winners for the coming year. They look like great ideas for growth stock investors seeking stocks to rotate into their portfolios.
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Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
