Investing
Wednesday's Top Analyst Upgrades and Downgrades: Allstate, Comcast, DraftKings, Kroger, Snap, Twitter, Waste Management, Workday, Zoom Video and More
March 2, 2022 8:48 am
Last Updated: March 3, 2022 7:54 am
Comcast Corp. (NASDAQ: CMCSA): Truist Securities lowered its Buy rating on the cable and entertainment giant to Hold and cut the target price to $50 from $70. The consensus target is $61.90. The last trade on Tuesday came in at $46.39.
DraftKings Inc. (NASDAQ: DKNG): Goldman Sachs lowered its price target to $47 from $63, while keeping a Buy rating on shares of the popular gambling and fantasy sports site. The consensus target is $38.15. Tuesday’s final trade on was reported at $23.52 a share.
GoodRx Holdings Inc. (NASDAQ: GDRX): Goldman Sachs lowered its $43 price target to $30, but it maintained a Buy rating. The consensus target is $40.47 for the time being. The shares closed on Tuesday at $16.74, down a stunning 39% after posting horrible results and offering up a glum outlook.
Jack Henry & Associates Inc. (NASDAQ: JKHY): Oppenheimer upgraded the stock from Perform to Outperform with a $206 price objective. The consensus target is lower at $182. The closing trade on Tuesday was at $179.12 per share.
Live Nation Entertainment Inc. (NYSE: LYV): Goldman Sachs raised the target price to $145 from $130 and kept a Buy rating. The consensus target is $122.55. The closing share price on Tuesday was $116.70, down over 3% for the day.
Luminar Technologies Inc. (NASDAQ: LAZR): Investors should avoid this stock before taking it for a ride says Zacks, which selected it as the Bear of the Day stock. Shares have traded as high as $31.39 in the past year but closed most recently at $15.17, which is down more than 10% year to date.
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