Investing

Wednesday's Top Analyst Upgrades and Downgrades: Amgen, AppLovin, Dell, Dow, Marvell Technology, PayPal, RingCentral, Shopify, SoFi, Western Digital and More

CNO Financial Group Inc. (NYSE: CNO): RBC Capital Markets initiated coverage with an Outperform rating and a $25 target price. The consensus target is $21.20. The stock closed on Tuesday at $18.76.

Dell Technologies Inc. (NYSE: DELL): Goldman Sachs reiterated a Neutral rating with a $43 target price. The consensus target is higher at $54.99. The shares closed on Tuesday at $38.30, down almost 5% on the day.

Dow Inc. (NYSE: DOW): Jefferies downgraded the industrial giant to Hold from Buy and slashed the $71 price target to $45. The consensus target is $58.43. The shares closed down over 6% on Tuesday at $47.87.

EPAM Systems Inc. (NYSE: EPAM): KeyBanc Capital Markets started coverage with an Overweight rating and a $510 target. The consensus target is $490.08. Tuesday’s close was at $421.40.

ESAB Corp. (NYSE: ESAB): Baird initiated coverage with an Outperform rating and a $53 price objective. The consensus target is $51.67. The stock closed on Tuesday at $39.77.

Globant S.A. (NYSE: GLOB): KeyBanc Capital Markets initiated coverage with an Overweight rating and a $291 target price. The consensus target is $281.70. The stock closed on Tuesday at $223.90.

Health Catalyst Inc. (NASDAQ: HCAT): Piper Sandler lowered its Overweight rating to Neutral and cut the $21 target price to $11. The consensus target is $18.64. The stock closed almost 7% lower on Tuesday at $10.72.

Informatica Inc. (NYSE: INFA): FBN Securities started coverage with an Outperform rating and a $35 target price. The consensus target is $26. The stock closed on Tuesday at $21.50.

LSB Industries Inc. (NYSE: LXU): Piper Sandler started coverage with an Overweight rating and a $26 price target. The consensus target is $23.32. The stock closed on Tuesday at $17.03, up over 6% for the day on the upgrade.

Marvell Technology Inc. (NASDAQ: MRVL): BNP Paribas started coverage with an Outperform rating and a $62 target. That compares with a $75.31 consensus target and Tuesday’s close at $48.02, which was down almost 5% on the day.

Nvidia Corp. (NASDAQ: NVDA): Goldman Sachs reiterated a Neutral rating on the chip giant and has a $162 target price. The consensus target is up at $202.09. The stock was last seen Tuesday trading at $131.31, down close to 10% for the day.


PayPal Holdings Inc. (NASDAQ: PYPL): Raymond James upgraded the shares to Outperform from Market Perform and has a $123 target. The consensus target is $120.44. The last trade on Tuesday was at $95.01 a share.

ReneSola Ltd (NYSE: SOL): Northland Capital started covering the stock with an Outperform rating and an $8 price target. The consensus target is $10.67, and Tuesday’s close was at $5.64.

RingCentral Inc. (NYSE: RNG): KeyBanc Capital Markets initiated coverage with an Overweight rating and a $59 target price. The higher $91.92 consensus target also compares with Tuesday’s closing print of $45.12.

Robinhood Markets Inc. (NASDAQ: HOOD): Goldman Sachs maintained a Neutral rating with an $11 target price. The consensus target is $11.76. The stock closed on Tuesday at $10.41.

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