Investing

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

Rivian Automotive Inc. (NASDAQ: RIVN): Goldman Sachs raised its $36 price target on the electric vehicle shares to $41 but maintained a Neutral rating. The consensus target is higher at $60.37. The stock was last seen Friday trading at $38.90.

Ryan Specialty Holdings Inc. (NYSE: RYAN): RBC Capital Markets cut its Outperform rating to Sector Perform, but it also raised the price target to $47 from $42, which was close to the $42.71 consensus target. Friday’s $44.95 closing print was higher than that consensus figure.

Safehold Inc. (NYSE: SAFE): Mizuho upgraded the stock to Buy from Neutral, but in an unusual move it also slashed the $75 price target to $50. The consensus is $71.17. The shares ended Friday’s trading at $46.11 apiece.

Salesforce Inc. (NYSE: CRM) Guggenheim initiated coverage on the stock with a Sell rating and a $150 target price. The consensus target is up at $244.57, and shares ended Friday trading at $189.89.

Sally Beauty Holdings Inc. (NYSE: SBH): Cowen downgraded the shares to Market Perform from Outperform and has a $17 price target objective The consensus target is $15.13. The stock was last seen on Friday at $15.19.

Teladoc Inc. (NASDAQ: TDOC): D.A. Davidson initiated coverage with a Buy rating and a $45 price objective. The consensus target is just $36.89. Positive analyst comments helped boost the stock by more than 6% on Friday to close at $40.32.

Toast Inc. (NYSE: TOST): Goldman Sachs raised its $18 price target on the Neutral-rated shares to $23. The consensus target is $21.23. The stock closed Friday, over 8% higher on the day at $19.64 after posting solid results for the quarter.

Warby Parker Inc. (NYSE: WRBY): Baird reiterated an Outperform rating and has a $25 target. The consensus target is $20.20. The shares were last seen on Friday trading at $17.22 apiece.


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Friday’s early top analyst upgrades and downgrades included Analog Devices, Chevron, Fisker, Healthcare Realty Trust, Paysafe, Tempur Sealy, Upstart, Walt Disney, Welltower, Wendy’s and XP. Analyst calls seen later in the day were on Ciena, Lennar, Lexicon Pharmaceuticals, Mister Car Wash, PagerDuty, RealReal, Six Flags and more.

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