Investing
Monday's Top Analyst Upgrades and Downgrades: Block, Dish Network, Foot Locker, Gap, Moderna, Penn National Gaming, Shopify and More
May 9, 2022 8:55 am
Last Updated: May 9, 2022 9:07 am
Moderna Inc. (NASDAQ: MRNA): Goldman Sachs slashed its $363 target price on the vaccine maker to $290 but kept its Buy rating. The consensus target is $227.63, and shares closed over 5% lower on Friday at $134.40.
Monolithic Power Systems Inc. (NASDAQ: MPWR): Oppenheimer reiterated an Outperform rating with a $500 price target. The consensus target is up at $567.56. The shares closed on Friday at $444.94.
Papa John’s International Inc. (NASDAQ: PZZA) Stifel reiterated a Buy rating on the wildly popular pizza giant but sliced the $145 target price to $130. The consensus target is $130.50. The stock closed down almost 3% on Friday to $87.36.
Penn National Gaming Inc. (NASDAQ: PENN): Stifel lowered its $61 price target on the gaming heavyweight to $50 while staying with a Buy rating. The consensus target is $62.24. The stock closed down over 6% to $34.33 on Friday.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Oppenheimer maintained an Outperform rating on the biotech leader, and it has a $775 target price. The consensus target is $701.67. The stock closed on Friday at $623.05.
Shake Shack Inc. (NASDAQ: SHAK): Baird reiterated a Neutral rating on the popular fast-food chain and lowered the $65 price target to $58. The consensus target is $76.06. The last trade on Friday was reported at $54.70.
Shopify Inc. (NYSE: SHOP): Though Stifel slashed its $800 price target to $650, it kept a Buy rating on the stock. The consensus target for now is $1,464.59. The stock closed almost 9% lower on Friday at $377.49.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX): Baird’s downgrade to Neutral from Outperform included a price target hike to $250 from $240. The consensus target is up at $289.38. The stock closed almost 5% lower on Friday at $253.93.
Zillow Group Inc. (NASDAQ: ZG): Goldman Sachs kept a Neutral rating and a $38 price target on the online real estate company. The consensus target is $66.58, and the final trade for Friday was down close to 4% for the day at $37.37.
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24/7 Wall St.Friday’s early top analyst upgrades and downgrades included AbbVie, Amazon.com, APA, CF Industries, Costco Wholesale, eBay, Etsy, GoDaddy, Intercontinental Exchange, Lululemon Athletica, Match, MetLife, Twilio, Uber Technologies, Virgin Galactic and Wayfair. Analyst calls seen later in the day were on Amarin, Ardely, Ball, Coupang, Hanesbrands, United Airlines, Vimeo and more.
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