Moderna Inc. (NASDAQ: MRNA): Goldman Sachs kept a Buy rating on the shares after the firm’s Vaccine Day highlights, and it has a $363 target price. The consensus target is a much lower $239.25. The shares were last seen on Friday at $165.92, down almost 8% on the day.
NU Holdings Ltd. (NYSE: NU): Goldman Sachs maintained a Buy rating while trimming the price objective to $14 from $15. The consensus target is just $10.80. The stock closed on Friday at $7.95, which was down close to 3% for the day.
Philip Morris International Inc. (NYSE: PM): Stifel lowered the price target on the tobacco giant to $105 from $115. The consensus target is $110.38. Friday close was at $93.45.
Prudential Financial Inc. (NYSE: PRU): Credit Suisse downgraded the insurance and financial services heavyweight to Neutral from Outperform and cut the $131 target price to $121. The consensus target is $115.77. The last trade for Friday was posted at $120.86.
Rio Tinto Group (NYSE: RIO): UBS raised the mining giant to Neutral from Sell. Over the past 52 weeks, the shares have traded between $59.58 and $95.67, and they have an $84.33 consensus price objective. The closing trade on Friday was posted at $79.52.
Shopify Inc. (NYSE: SHOP): Baird maintained an Outperform rating with a $1,000 target price. The consensus for the stock is higher at $1,527.19. The shares closed at $679.53, down close to 4% on the day.
Toast Inc. (NYSE: TOST): Baird continues to like the stock and has an Outperform rating and a $25 price objective. The consensus target is higher at $31.20. Friday’s final trade was reported at $19.44, down close to 3% for the day.
Growth investors who are more aggressive and looking for Wall Street’s best ideas amid the current market uncertainties may want to consider five Goldman Sachs Conviction List picks. If their share prices rise even halfway to the targets, that would be outsized gains for investors.
Friday’s early top analyst upgrades and downgrades included Biogen, Devon Energy, Freeport-McMoRan, HIVE Blockchain, Hyatt Hotels, Infinera, Intuitive Surgical, KB Home, Li Auto, S&P Global and Vertex Pharmaceuticals. Analyst calls seen later in the day were on Carnival, Teva Pharmaceutical and more.
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