Investing

Wednesday's Top Analyst Upgrades and Downgrades: Amgen, Coinbase, Micron Technology, Nvidia, Roku, Take-Two Interactive and More

Rigetti Computing Inc. (NASDAQ: RGTI): Deutsche Bank initiated coverage of the super-computing company’s stock with a Buy rating and a $10 target price. The consensus target is up at $11.50. The last trade on Tuesday came in at $4.35, down almost 5% on the day despite the new coverage.

Roku Inc. (NASDAQ: ROKU): MoffettNathanson downgraded the stock to Underperform from Market Perform and has a $62 target price. The consensus target is $103.86. The stock closed on Tuesday at $78.10, down almost 7% for the day.

Rover Group Inc. (NASDAQ: ROVR): Gordon Haskett’s downgrade to Hold from Buy included a price target cut to $3.50 from $5.50. The consensus target is $5.94, and Tuesday’s close was at $3.84.

Take-Two Interactive Software Inc. (NASDAQ: TTWO): BofA Securities downgraded the video game giant to Neutral from Buy and cut the $141 target price to $130. The consensus target is $169.88 for now. The last trade for Tuesday was at $120.76, almost a 4% retreat for the day after the company missed earnings estimates due to slowing consumer spending.

Tandem Diabetes Care Inc. (NASDAQ: TNDM): Wells Fargo downgraded the stock to Underweight from Overweight and slashed the $82 price target to $49. The consensus target is $95.17 for now. The stock closed Tuesday at $53.84, down over 10% on the day. The company posted horrible results last week.

Tellurian Inc. (NYSE: TELL): BofA Securities raised its Neutral rating to Buy from but lowered the $6.50 target price to $4.50. The consensus target is $5.76. The stock closed up close to 4% on Tuesday at $3.54.

Veeco Instruments Inc. (NASDAQ: VECO) Goldman Sachs maintained a Neutral rating and trimmed the price target to $24 from $28. The consensus target is higher at $33.50. The last trade on Tuesday hit the tape at $20.99. That was down close to 5%, despite the company surpassing revenue and earnings estimates for the second quarter.


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Tuesday’s early top analyst upgrades and downgrades included Alphabet, Amazon.com, Americold Realty Trust, Azek, Ball, Corteva, DraftKings, Dun & Bradstreet, Global Blood Therapeutics, Lululemon Athletica, Rhythm Pharmaceuticals and Western Digital. Analyst calls seen later were on Bed Bath & Beyond, Clorox, CRISPR Therapeutics, LivePerson, Nike, Palantir Technologies, Tyson Foods and more.

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