Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics, Terawulf, and More

Pre-Market Stock Futures:

Futures are trading higher as we get ready to start a holiday-shortened trading week, with the Federal 4th of July holiday scheduled for Friday, before we celebrate the 250th anniversary of the country on Saturday. Futures are higher after reports that the U.S. and Iran have agreed to halt hostilities, which we have heard before. We will wait to see if it holds, but it is positive nonetheless.  All of the major indices finished lower on Friday, except the small-cap Russell 2000, which closed barely higher at 3,010, up 0.07%, and is still the leading index for 2026, up over 20% on the year. The Nasdaq led the other indices lower, closing down 0.24% on Friday for the fifth straight session, at 25,297. The S&P 500 and the Dow Jones Industrial Average finished the session at 7,354 and 51,876, down 0.05% and 0.09%, respectively. We could see more volatility this week as the second quarter comes to an end and portfolio window dressing and reallocations take place.

Treasury Bonds:

Treasury yields were flat to slightly lower once again on Friday, as falling oil prices are starting to put the brakes on the inflation and rate-hike narrative. The 30-year-long bond finished the session just higher at 4.87%, while the benchmark 10-year note closed at 4.38%. On May 19th, they traded at 5.20% and 4.69%, with the 30-year bond at the highest level since 2007. 

Oil and Gas:

Once again, oil plunged on Friday as traders cited easing supply concerns, which have erased nearly all of its wartime gains as an increasing number of tankers resumed transit through the Strait of Hormuz. Brent crude closed trading Friday at $71.99, down 4.34%, while West Texas Intermediate closed at $69.23, down 3.74%. Natural gas, which has been on a roll, also finished the day lower at $3.28, down 0.49%.

Gold

Gold continued to rally, finishing strongly on Friday, closing the session at $4088 up 1.55%, and Silver was last seen at $50.05 up 2.55%. Gold prices rebounded late last week after the Federal Reserve’s preferred inflation measure came in line with expectations. The softer-than-feared inflation data eased concerns, pushing both the U.S. dollar and Treasury yields lower. A weaker dollar makes the non-yielding metal more affordable for international buyers, lending fresh support to bullion prices.

Crypto:

Cryptocurrencies traded broadly lower on Friday, dragged down by shifting Federal Reserve rate expectations and a massive wave of Bitcoin liquidations. The slump was punctuated by heavy outflows from spot ETFs. Bitcoin fell toward $59,000, hitting 20-month lows, before attempting to hold. That move lower extended the week’s losses to almost 17%. At 8 AM EDT, Bitcoin is trading at $60,630, while Ethereum is quoted at $1,593.

24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.

Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Monday, June 29, 2026.  

Upgrades:

• Casey’s General Stores (NASDAQ: CASY | CASY Price Prediction) was upgraded to Outperform from Market Perform at BMO Capital, with an unchanged $950 target price.
• Delek US Holdings (NYSE: DK) was raised to Buy from Hold at TD Cowen, which bumped the price target on the shares to $58 from $50.
• FuelCell Energy (NASDAQ: FCEL) B. Riley upgraded the shares to Buy from Neutral, and raised the target price to $32 from $13.
• Roblox (NYSE: RBLX) was upgraded to Buy from Neutral at Arete, which lifted the target price to $95 from $75.
• Warner Bros. Discovery (NYSE: WBD) was upgraded to Buy from Neutral at Seaport Research, with a $31 target price.

Downgrades:

• Adobe (NASDAQ: ADBE) was downgraded to Neutral from Buy at Phillip Securities, which slashed its target price to $203 from $385.
• Alkermes (NASDAQ: ALKS) was downgraded to Underperform from Neutral at Bank of America, with a $38 target price.
• CrowdStrike Holdings (NASDAQ: CRWD) was cut to Neutral from Buy at Arete with a $730 target price objective.
• Salesforce (NYSE: CRM) was downgraded to Neutral from Buy at Phillip Securities, which dropped the target price for the company to $166 from $270.
• Synaptics (NASDAQ: SYNA) was cut to Equal Weight from Overweight at Barclays, which raised the target price to $138 from $110.

Initiations:

• Applovin (NASDAQ: APP) was started with a Strong Buy rating at Raymond James, which has a $640 target price for the shares.
• Honeywell Aerospace (NASDAQ: HONA) was initiated with a Buy rating at Melius Research, with a $306 target price.
• Six Flags Entertainment (NYSE: FUN) was initiated with an Outperform rating at Citizens, with a $29 target price.
• Quantinuum (NASDAQ: QNT) was started with an Overweight rating at JPMorgan, with a $97 target price.
• TeraWulf (NASDAQ: WULF) was initiated with a Buy rating at Bank of America, with a $36 target price.