Investing

Monday's Top Analyst Upgrades and Downgrades: ADM, Crowdstrike, GoodRx, Oracle, Rivian, Salesforce, Teladoc, Toast and More

Cognex Corp. (NASDAQ: CGNX): J.P. Morgan downgraded the stock from Neutral to Underweight with a $40 target price. The consensus target is $52.19, and the stock closed on Friday at $48.22.

CS Disco Inc. (NYSE: LAW): Jefferies downgraded the stock to Hold from Buy and cut its $35 target to $25. Cowen also downgraded the shares, to Market Perform from Outperform, and lowered the $35 target to $20. The consensus target is $34.44. The shares were destroyed Friday, closing down almost 54% after terrible second-quarter results and very poor forward guidance.

Crowdstrike Inc. (NASDAQ: CRWD): Guggenheim initiated coverage with a Buy rating and a $270 price objective. The consensus target is $239.32. The stock was last seen on Friday trading at $200.87.

e.l.f. Beauty Inc. (NYSE: ELF) Cowen downgraded the cosmetics stock to Market Perform from Outperform and has a $36 price target. The consensus target is $38.63. The shares ended trading on Friday at $36.70.

Global Payments Inc. (NYSE: GPN): Baird maintained an Outperform rating with a $156 target price. That compares with the $167.81 consensus target and Friday’s closing print of $135.44.

Golar LNG Ltd. (NASDAQ: GLNG): Oppenheimer reiterated an Outperform rating with a $33 target price. The consensus target is $35. The stock was last seen Friday at $27.19, up over 5% on the day. The company posted solid earnings last week.

GoodRx Holdings Inc. (NASDAQ: GDRX): D.A. Davidson started coverage with a Neutral rating and has an $8 target. The consensus target is $9.98 The stock closed down over 3% on Friday at $7.36.

Illumina Inc. (NASDAQ: ILMN): Baird cut its target price in a big way, to $215 from $306, and maintained a Neutral rating. The consensus target is $291.75. The stock closed down almost 9% on Friday at $208.32, after badly missing Wall Street forecasts.


Oracle Corp. (NYSE: ORCL): Guggenheim started coverage of the legacy tech heavyweight with a Buy rating and a $107 target price. The consensus target is $88.28. Friday’s $79.15 close was up close to 3% for the day.

Palo Alto Networks Inc. (NASDAQ: PANW): Guggenheim started coverage of the cybersecurity giant with a Buy rating and a $625 target price. That compares with a $631.41 consensus target and Friday’s closing print of $526.88.

Payoneer Global Inc. (NASDAQ: PAYO): Goldman Sachs has a Buy rating on the stock, and it lifted its $6.50 target price to $8.50. The consensus target is $7.67. The stock closed Friday at $6.70, up almost 18% after posting a stellar quarter.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA): Citing strong bookings heading into 2023, Zacks selected this stock as the Bull of the Day. The shares last closed at $7.34, and the $12.54 consensus target would be a 52-week high.

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