Markets were edging lower to close out the week as geopolitical concerns about a potential Russian invasion continue to mount. Even crude oil pulled back, after seeing a decent rally over the past few days. The Nasdaq led the charge lower, down around 0.5%.
24/7 Wall St. is reviewing some big analyst calls seen on Friday. 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 Applied Materials, Block, Fastly, Shopify and many more.
Agora Inc. (NASDAQ: API): JPMorgan downgraded the stock to Neutral from Overweight and cut the price target to $11 from $31. The 52-week trading range is $8.92 to $99.40, and shares were trading near $9 apiece on Friday.
Bilibili Inc. (NASDAQ: BILI): Goldman Sachs lowered its Buy rating Neutral and cut the price target to $43 from $105. Shares were trading near $33 on Friday. The 52-week range is $28.32 to $151.79.
Denbury Inc. (NYSE: DEN): Roth Capital upgraded the shares to Buy rating Neutral and raised the price target to $87.75 from $78.75. The stock was trading near $68 on Friday, and the 52-week range is $37.09 to $91.30.
Iridium Communications Inc. (NASDAQ: IRDM): Raymond James upgraded it to Strong Buy from Outperform and raised the price target to $51 from $47. Shares were trading near $37. The 52-week range is $31.73 to $48.95.
KE Holdings Inc. (NYSE: BEKE): The Goldman Sachs upgrade to Buy from Neutral included a price target hike to $26.30 from $17.10. The 52-week trading range is $15.15 to $76.92, and shares were last seen near $20.
Marathon Oil Corp. (NYSE: MRO): Scotia Bank upgraded the stock from Sector Perform to Sector Outperform with a $28 price target. Shares were trading near $22 on Friday. The 52-week range is $9.14 to $22.56.
Pilgrim’s Pride Corp. (NASDAQ: PPC): Stephens raised its Equal Weight rating to Overweight and boosted the $30 price target to $35. The 52-week trading range is $20.32 to $29.70, and shares were last seen trading near $24.
Redfin Corp. (NASDAQ: RDFN): The RBC Capital Markets downgrade to Sector Perform from Outperform included a price target cut to $23 from $60. The 52-week trading range is $21.07 to $98.44, and shares were trading near $21 apiece Friday.
Roku Inc. (NASDAQ: ROKU): Pivotal Research Group downgraded it to Sell from Hold and slashed the $350 price target to $95. Shares were trading near $106 on Friday. The 52-week range is $104.66 to $490.76.
Tencent Music Entertainment Group (NYSE: TME): Goldman Sachs downgraded the stock to Sell from Neutral and cut the price target to $5.70 from $7.70. The stock was trading near $6 on Friday, and the 52-week range is $5.36 to $32.25.
Werner Enterprises Inc. (NASDAQ: WERN): JPMorgan’s upgrade was to Neutral from Underweight, and the firm raised the $44 price target to $47. The 52-week trading range is $41.44 to $49.76, and shares were last seen near $43.
Six top value stock picks from Jefferies are outstanding ideas for investors looking to stay long the market but concerned over the current volatility and geopolitical issues. The companies look poised to deliver earnings and free cash flow results that will propel the shares prices higher over the next year.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.