Friday's Top Analyst Upgrades and Downgrades: FedEx, Hasbro, Meta Platforms, Peloton, UPS and More

Okta Inc. (NASDAQ: OKTA): The Hold rating at Needham is now at Buy, and the firm’s $90 target price tops the $80.52 consensus target. The shares closed on Thursday at $81.72, up almost 7% for the day on the upgrade and planned job cuts.

OptimizeRx Inc. (NASDAQ: OPRX): B. Riley Securities resumed coverage with a Buy rating and a $30 target. The consensus target is $25.40. The final trade for Thursday was for $19.38 a share.

Peloton Interactive Inc. (NASDAQ: PTON): Barclays reiterated an Overweight rating and raised its $14 target price to $19. Goldman Sachs and Baird both stuck with a Neutral rating and bumped their $12 target prices up to $14. The consensus target is $13.57. The stock closed on Thursday at $16.98. That was up close to 4% for the day after a positive earnings report.

Qualtrics International Inc. (NYSE: XM): Though Deutsche Bank downgraded the stock to Hold from Buy, it raised its $14 price target to $19. The consensus target is $17.06. Thursday’s close was at $16.68.

Scotts Miracle-Gro Co. (NYSE: SMG): Truist Financial reiterated a Hold rating but raised its $50 price target to $70. The consensus target is $62.50. Shares closed on Thursday at $83.92. That was up over 4% on the day after a strong earnings report.

United Parcel Service Inc. (NYSE: UPS): Jefferies reiterated a Buy rating with a $205 target price. The consensus target is $193.45, and the shares closed almost 4% higher on Thursday at $191.29.

Waste Management Inc. (NYSE: WM): Oppenheimer reiterated an Outperform rating with a $168 target. The $171.24 consensus target is higher, but shares ended Thursday trading at $150.34.

With mega-cap tech companies becoming leaner and meaner, could an old-fashioned tech rally be in store? Seven of them that provide products and services in high demand and pay dependable dividends also have stocks with enticing entry points now.

Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices,, Amgen, Corning, Edison International, Electronic Arts, Foot Locker, General Mills, Mattel, NXP Semiconductors, Shopify, Snap and Waste Management.

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