Beyond Meat Inc. (NASDAQ: BYND): Goldman Sachs lowered the price target on the plant-based food stock to $40 from $47 while keeping a Sell rating. The consensus target is $66.44. The closing price on Friday was at $44.49 a share, down over 9% for the day.
Block Inc. (NYSE: SQ): Needham reiterated a Buy rating while lowering the price target to $175 from $315. Truist Securities reiterated a Buy rating and trimmed the $250 target to $220. Jefferies maintained a Buy rating but slashed its target to $155 from $200. The consensus target is $225.81. The stock closed on Friday at $119.82, up a stunning 26% after reporting stellar results and solid forward guidance.
Coinbase Global Inc. (NASDAQ: COIN): Goldman Sachs lowered its price target on the cryptocurrency trading giant to $250 from $288 but kept a Buy rating. The consensus target is up at $349.30. The last trade on Friday hit the tape at $176.83.
Flowserve Corp. (NYSE: FLS): Mizuho upgraded the shares to Buy from Neutral and bumped up the target price to $35 from $34. The consensus target is $37.00. The closing share price on Friday was $29.85.
Foot Locker Inc. (NYSE: FL): Credit Suisse downgraded the popular athletic shoe retailer to Neutral from Outperform. The stock has traded in a 52-week range of $26.36 to $66.72 and has a consensus target of $57.59. The final trade on Friday was reported at $29.07, down almost 30%, the firm’s biggest one-day drop in almost 40 years after posting awful results. To add to the misery, its biggest supplier Nike reportedly said it will cut back on business with Foot Locker.
GoPro Inc. (NASDAQ: GPRO): Jefferies started coverage with a Buy rating and a $12 price target. The consensus target is $12.10. The shares closed at $8.54 on Friday.
Home Depot Inc. (NYSE: HD): Edward Jones upgraded the stock to Buy from Hold. The shares of the big-box retailing giant have traded in a 52-week range of $246.59 to $420.61 and have a $387.22 consensus target. The last trade on Friday was reported at $316.65.
Lithium Americas Corp. (NYSE: LAC): Stifel resumed coverage with a Buy rating and has a $38 target price. The consensus target is $39.08. The stock closed on Friday at $28.74, up over 6% on the day.
Neurocrine Biosciences Inc. (NASDAQ: NBIX): Goldman Sachs upgraded the stock to Buy from Neutral and has a $115 price target. Yet, this also is the Zacks Bear of the Day stock. That analyst says that strong growth for Ingrezza met company investment in the pipeline, sparking lowered earnings estimates. Shares have traded as high as $111.05 in the past year but closed most recently at $88.86 apiece, which is up about 4% year to date.
Nvidia Inc. (NASDAQ: NVDA): Zacks has named this tech giant as its Bull of the Day. The analyst suggests that another beat-and-raise quarter for the King of AI is sign of the unstoppable tech super cycle. Shares last closed at $241.57, and the consensus price target is $344.51.
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