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

Rivian Automotive Inc. (NASDAQ: RIVN): Truist Financial maintained a Buy rating on the EV stock and has a $65 target price. The consensus target is $51.71. Shares closed on Thursday 17% higher at $32.96 after posting a positive forward outlook.

Roblox Corp. (NYSE: RBLX): Goldman Sachs maintained a Sell rating and trimmed its $28 target price to $24. The consensus target is $42.69. Thursday’s close was at $33.73, a 9% gain for the day on the market strength.

Salesforce Inc. (NYSE: CRM): Oppenheimer reiterated an Outperform rating with a $200 target price. The consensus target is up at $220.18. Shares were last seen up 10% on Thursday at $156.30, after announcing layoffs.

Silvergate Capital Corp. (NYSE: SI): BofA Securities cut its Buy rating to Neutral, and its price target fell from $72 all the way to $37. The consensus target is $88.91 for now. The last trade for Thursday was recorded at $32.62, which was down almost 6% due to the downgrade.

SunPower Corp. (NASDAQ: SPWR): Credit Suisse upgraded the stock to Neutral from Underperform. It also trimmed its $21 price target to $17, well below the $22.24 consensus target and Thursday’s close at  $22.90, which was up almost 20% on the day following solid quarterly results.

TechTarget Inc. (NASDAQ: TTGT): Craig Hallum’s downgrade was to Hold from Buy. Its $85 target price tumbled to $45. The consensus is $85.38 for now. The $45.60 close on Thursday was down almost 10% despite in-line earnings estimates.

TJX Companies Inc. (NYSE: TJX): the Gordon Haskett upgrade was from Hold to Buy with an $80 target price. The consensus target is $77.09. The stock closed almost 6% higher on Thursday at $73.97.

Upstart Holdings Inc. (NASDAQ: UPST): BofA Securities downgraded the stock from Neutral to Underperform, and its $34 price target was chopped to $15. The consensus target is $19.50. The stock closed Thursday at $21.70, up over 22% on the day despite third-quarter results that missed estimates.

Viatris Inc. (NASDAQ: VTRS): UBS’s upgrade was to Neutral from Sell. It also lifted its $9 price target to $12, which is less than the $14.50 consensus target. The stock closed on Thursday at $11.34.

Five top companies pay dependable dividends and are in a sector that is expected to continue to have strength in 2023. These stocks are favored by Goldman Sachs and across Wall Street.

Thursday’s top analyst upgrades and downgrades included Affirm, Coinbase Global, Dominion Energy, GoodRx, Kroger, Nasdaq, Plug Power, PubMatic, Tyson Foods and Walt Disney.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.