Investing

Monday's Top Analyst Upgrades and Downgrades: Alibaba, Caterpillar, Coinbase, DraftKings, JPMorgan, Marriott, Rivian, Toast, Twilio, Walmart and More

Caterpillar Inc. (NYSE: CAT): Jefferies reiterated a Buy rating ahead of the upcoming investor day, and it has a $260 price objective The consensus target is $235.12. Friday’s final trade was for $204.41.

Cloudflare Inc. (NYSE: NET): Stifel lowered its $105 price target on the Neutral-rated company to $70. The consensus target is up at $123.71. The last trade on Friday was reported at $66.38.

Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer reiterated an Outperform rating with a $197 target price objective. Meanwhile, citing lower trading and higher costs, Zacks selected this cryptocurrency exchange platform operator as its Bear of the Day stock. The consensus target is $191.41, but despite closing over 16% higher on Friday, the stock was last seen at just $67.87.

CyberArk Inc. (NASDAQ: CYBR): Goldman Sachs lowered its $185 price target on the Neutral-rated shares to $158. The consensus target for the cybersecurity stock is $174.10. The shares closed almost 11% higher on Friday at $133.57.

Deckers Outdoor Corp. (NYSE: DECK): Stifel slashed the $445 price target on the Buy-rated stock to $315. The consensus target is $444.23. The shares ended the day on Friday up 4% at $246.51.

DraftKings Inc. (NASDAQ: DKNG): Jefferies resumed coverage of the gaming and fantasy sports heavyweight with a Buy rating and a $33 target price. The consensus target is $27.34. The stock closed almost 11% higher on Friday at $12.61.

Duolingo Inc. (NASDAQ: DUOL): Goldman Sachs cut its $120 price target on the language learning app provider to $106 while maintaining a Neutral rating on the shares. The consensus target is $119.43. The $89.77 close on Friday was up over 34% after the company posted strong first-quarter metrics.


JPMorgan Chase & Co. (NYSE: JPM): Jefferies maintained a Hold rating on the financial services giant and has a $125 target price. The consensus target is up at $157.32. The shares closed at $119.08 on Friday.

Marriott International Inc. (NYSE: MAR): Zacks has named this stock as its Bull of the Day. The analyst points out that U.S. travel and tourism spending is projected to surge to $1.1 trillion, more than 11% above pre-pandemic levels. Shares last closed at $166.40, and the consensus price target is $180.09.

NICE Ltd. (NASDAQ: NICE): The analysts at Jefferies maintained a Buy rating with a $225 price objective after the company posted solid first-quarter results. The consensus target is much higher at $291. The shares were last seen up close to 7% on Friday to $202.86.

PetIQ Inc. (NASDAQ: PETQ): Oppenheimer lowered its Outperform rating to Perform after a new analyst assumed coverage on the stock, but it did not update its price target. The consensus target is $34.50. Friday’s closing share price was $16.21.

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