Investing

Friday's Top Analyst Upgrades and Downgrades: Activision Blizzard, Altria, Hanesbrands, Palo Alto Networks, Redfin, Rivian, Salesforce, SunPower, TJX and More

AppLovin Corp. (NASDAQ: APP): Goldman Sachs reiterated a Buy rating but cut its $56 target price to $33. The consensus target is $43.24. Thursday’s close was at $16.28.

AvalonBay Communities Inc. (NYSE: AVB): Mizuho’s downgrade to Neutral from Buy included a target price cut to $170 from $220. The consensus target is $216.59. Thursday’s close at $171.73 was up over 8% despite mixed results.

Bentley Systems Inc. (NASDAQ: BSY): The Hold rating at Goldman Sachs rose to Buy, and the firm’s $38 price target is now $44. The consensus target is $44.60, and Thursday’s close at $38.58 was a one-day gain of 12% after earnings beat estimates.

Bumble Inc. (NASDAQ: BMBL): Goldman Sachs reiterated a Buy rating but cut its $36 target price to $30. The consensus target is $31.78. The shares closed on Thursday at $23.03, which was up 10% on the day despite lackluster earnings.

Cano Health Inc. (NASDAQ: CANO): Cowen cut its Outperform rating to Market Perform and chopped its $10 price target to $3. The consensus target is $8.26 for now. The stock closed on Thursday at $2.17, down 35% after posting dreadful results for the quarter, despite revenue up 33% year over year.

Fiverr International Ltd. (NASDAQ: FVRR): Goldman Sachs maintained a Neutral rating while dropping its $42 target price to $33. The consensus target is $41.44. Thursday’s close at $35.95 was up 17% for the day after upside earnings results were posted.

Fresenius Medical AG & Co. (NYSE: FMS): This dialysis care provider is the Zacks Bear of the Day stock. Profit estimates are moving in the wrong direction, says the analyst. Shares have traded as high as $35.04 in the past year but closed most recently at $14.77. That is down about 54% from six months ago.

Hanesbrands Inc. (NYSE: HBI): Credit Suisse downgraded the shares to Neutral from Outperform. The analyst also trimmed the $10 price target to $7, while the consensus target is $8. Thursday’s close was at $6.80.


Okta Inc. (NASDAQ: OKTA): Stifel reiterated a Hold rating and lowered its $85 target price to $60. The consensus target is up at $88.27. The shares ended Thursday at $49.25, a gain of close to 9% on the red-hot rally.

Palo Alto Networks Inc. (NASDAQ: PANW): Loop Capital’s upgrade to Buy from Hold included a target price hike to $200 from $183. The consensus target is $217.75. The stock closed almost 8% higher on Thursday at $163.46.

Redfin Corp. (NASDAQ: RDFN): Compass Point lowered its Neutral rating to Sell and slashed its $9 target price to $2.25. The consensus target is $7.83 for now. Thursday’s $4.31 close was up 31% on the day after the company reported layoffs.

RingCentral Inc. (NYSE: RNG): Truist Financial lowered its $80 price target to $60 but reiterated a Buy rating. The consensus target is $81.04. The $36.89 close on Thursday was up 30% in the wake of solid quarterly results.

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