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

Nutrix Therapeutics Inc. (NASDAQ: NRIX): H.C. Wainwright began coverage with a Buy rating and a $62 price target. The posted consensus target is $51, and the stock closed at $30.27 on Wednesday.

Pear Therapeutics Inc. (NASDAQ: PEAR): Citigroup started coverage with a Buy rating and a $13 price target. The consensus target is $14.40. The stock closed trading on Wednesday at $4.98.

Tenable Holdings Inc. (NASDAQ: TENB): Needham reiterated a Buy rating on the shares. It also pushed the price target from $62 to $66, more in line with the consensus target of $66.33. The stock closed on Wednesday at $55.65 a share.

Vaxcyte Inc. (NASDAQ: PCVX): Jefferies resumed coverage on the shares with a Buy rating and a $50 price target. The consensus is $50.50, and the stock rose 8% on Wednesday to close at $24.04.

Virgin Galactic Inc. (NYSE: SPCE): Kerrisdale Capital recommended that trades sell short the shares of this company. The stock has changed hands in a wide 52-week range of $13.52 to $62.80 per share, and it has a $27 consensus target price. The last trade on Wednesday hit the tape at $13.04, which was down over 5% for the day.

Five legacy tech leaders may not have the stunning growth potential some momentum tech stocks have, but they do have one thing that makes it easier for investors to sleep at night, and that’s dependability and staying power. These dividend payers look like solid ideas for 2022.

Wednesday’s early top analyst upgrades and downgrades included Adobe, Akamai Technologies, BridgeBio Pharma, Ciena, Eqonex, Hilton Worldwide, Paysafe, Riot Blockchain, Shopify, Tesla and Williams-Sonoma. Analyst calls seen later in the day were on Inovio Pharmaceuticals, McDonald’s, VBI Vaccines, Wingstop and more.

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