Investing

Thursday's Top Analyst Upgrades and Downgrades: Amazon, Coupang, FuelCell Energy, Lucid, Meta Platforms, Virgin Galactic and More

Armada Hoffler Properties Inc. (NYSE: AHH): Baird reiterated an Outperform rating and $15 price target. The consensus target is $16.00, and the stock closed on Wednesday at $15.17 a share.

Coupang Inc. (NYSE: CPNG): Goldman Sachs maintained a Buy rating on the shares and has a $52 price target. The consensus target is much lower at $34.10. The stock was last seen on Wednesday trading at $28.93.

Datto Holding Inc. (NYSE: MSP): Needham reiterated a Buy rating and lifted its $29 price objective to $32. The consensus target is $32.75, and the shares closed on Wednesday at $26.55 apiece.

FuelCell Energy Inc. (NASDAQ: FCEL): Craig Hallum raised its Sell rating to Hold with a $5 price target. The consensus target for the stock is $7.38. The final trade Wednesday was reported at $5.11, which was down almost 13% for the day.

GlobalFoundries Inc. (NASDAQ: GFS): Needham reiterated its Buy rating on the shares and has an $87 price target. The analyst cited an expansion of a long-term agreement with AMD. The consensus target price for the stock is $78.43. The closing share price on Wednesday was $63.80.

Icosavax Inc. (NASDAQ: ICVX): Jefferies resumed coverage with a Buy rating. The firm’s $50 target price is the same as the consensus price objective. The stock popped nearly 4% on Wednesday to close at $22.76.


iTron Inc. (NASDAQ: ITRI): Raymond James reiterated its Strong Buy rating on the shares, and the firm has a $98 price target. The consensus target is $88.78, and the final trade for Wednesday was reported at $68.65 per share.

Lucid Group Inc. (NASDAQ: LCID): Citigroup resumed coverage of the stock with a Buy rating and a $57 price target. The consensus target is just $38. The stock closed on Wednesday at $36.97.

Meta Platforms Inc. (NASDAQ: FB): Baird reiterated an Outperform rating on shares of the company formerly known as Facebook, and it noted this is top technology pick for 2022. The analysts have a $390 price target, which compares with the higher $401.01 consensus target and Wednesday closing share price of $342.94.

Methanex Inc. (NASDAQ: MEOH): Raymond James downgraded the stock to Market Perform from Outperform and cut the $62 target price to $52. The consensus price objective at $46.62. The shares closed Wednesday at $39.66, which was down over 6% for the day.

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