Investing

Wednesday's Top Analyst Upgrades and Downgrades: APA, ADM, Diamondback Energy, eBay, Micron Technology, Nvidia, Ross Stores, SoFi, Starbucks, Toast and More

Diamondback Energy Inc. (NASDAQ: FANG): Goldman Sachs reiterated a Buy rating and raised the target price to $188 from $154. The consensus target is $156.67. Tuesday’s closing share price was $124.56.

eBay Inc. (NASDAQ: EBAY): Deutsche Bank started coverage with a Buy rating and a $64 price objective. The consensus target is $66.59. The last trade on Tuesday hit the tape at $53.94.

Freshpet Inc. (NASDAQ: FRPT): Zacks named this stock as its Bear of the Day, suggesting that the history of earnings misses and a strong technical downtrend mean the odds aren’t exactly in this pet product maker’s favor. Shares have traded as high as $186.98 in the past year but closed most recently at $85.27, down more than 10% year to date.

Global Ship Lease Inc. (NYSE: GSL): Buoyed by an undervalued and leading industry group, says Zacks, it is not difficult to see why this is a top stock. The firm selected it as the Bull of the Day stock. The shares most recently closed at $27.42 and have a consensus price target of $31.00, which would be a 52-week high.

Horizon Therapeutics PLC (NASDAQ: HZNP): Oppenheimer started coverage with an Outperform rating and a $140 price objective. That is less than the $144.39 consensus target but well above the $103.26 close on Tuesday.

LiveRamp Holdings Inc. (NASDAQ: RAMP): BMO Capital Markets raised its Market Perform rating to Outperform with a $48 price objective. The consensus target is up at $65.36. The stock popped almost 8% on Tuesday to close at $36.36.

Micron Technology Inc. (NASDAQ: MU): Bernstein upgraded the shares from Market Perform to Outperform with a $94 target. The consensus target is higher at $111.69. The stock closed on Tuesday at $73.11, which was a gain of over 5% for the day.


Nvidia Corp. (NASDAQ: NVDA): Cowen reiterated its Outperform rating on the semiconductor giant and has a $350 price target. The consensus target is $341.17. Tuesday’s closing print was reported at $229.73, up almost 8% on the day.

Pioneer Natural Resources Co. (NYSE: PXD): Goldman Sachs maintained a Buy rating and raised the $254 target price to $297. That compares with a $257.28 consensus target and Tuesday’s closing print of $227.70.

Ross Stores Inc. (NASDAQ: ROST): Bernstein started coverage on the popular discount retailer with an Outperform rating and a $125 target price. The consensus target is $120. The final trade on Tuesday was for $87.46 a share.

Simply Good Foods Co. (NASDAQ: SMPL): Goldman Sachs dropped the price target to $45 from $50 while keeping a Buy rating. The consensus target is $44.50. The shares were last seen on Tuesday at $36.12.

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