Here Are Tuesday’s Top Wall Street Analyst Research Calls: Akamai Technologies, Arista Networks, Booking Holdings, Cisco Systems, Dell Technologies, Duolingo, Robinhood Markets, PG&E, and More
Wall Street analysts reshuffled their ratings on September 1st with some dramatic target price swings, including one major utility stock getting its target slashed nearly in half while a red-hot language app saw its target doubled overnight.
Pre-Market Stock Futures:
Futures are trading lower after a rough day to finish August, with all major indices closing Monday in the red. The return of missile strikes between the U.S. and Iran, plus questions about where the Federal Reserve stands after Friday’s speech by Chairman Warsh at the Jackson Hole symposium, weighed on the stock market as we enter September, which is traditionally the worst month for stocks. The Dow Jones Industrial closed at 53,186, down 0.70%, while the small-cap Russell 2000 closed down 0,62% at 2,953. The S&P 500 finished the session at 7,686, down 0.33%, while the tech-heavy Nasdaq closed off the lows of the day, down just 0.11% at 26,370. Investors may look to hedge portfolios or take some profit as we head to a stretch that could become more treacherous as the month rolls on.
Treasury Bonds:
Concerns over the Fed’s direction weighed on the Treasury market, with yields higher or unchanged across the curve. After the Jackson Hole speech, odds of a September rate hike jumped from about 25% to 55%, with more expecting a 25 basis point (1/4 of 1% %) hike when they meet on September 15/16th. August non-farm payrolls and consumer and producer price index data will come out before the meeting and could decide whether rates rise or stay put. When the final bell rang Monday, the yield on the 30-year long bond came in at 5.25%, while the benchmark 10-year note was last seen at 4.76%.
Oil and Gas:
Needless to say, the return of missile attacks for the first time in over a month was all it took for oil prices to surge once again. Brent Crude closed Monday’s session at $90.49, up 2.71%, while West Texas Intermediate was last seen at $86.03, up 3.15%. Natural gas continued its roll and closed at $2.93, up 1.35%. While the administration’s massive deal with Venezuela for a stunning 65 billion barrels of oil reserves is a big positive, it won’t immediately show up at the gas pump, and much of it appears to be earmarked for refilling the Strategic Petroleum Reserve, which is at its lowest level since 1982.
Gold:
After a strong month for the precious-metal complex in August, the sector ended essientially flat Monday, with Gold closing at $4,446, down 0.18%, while Silver closed modestly higher at $66.65, up 0.22%. Traders cited rising interest rates, an increasingly hawkish Federal Reserve, and geopolitics as key factors for the bullion as summer draws to a close.
Crypto:
Cryptocurrencies traded slightly lower on Monday, pressured by a stronger U.S. dollar and rising rate expectations following comments from Federal Reserve officials. In addition, the market shifted focus to corporate accumulation, with Strategy (NASDAQ: MSTR | MSTR Price Prediction) resuming its Bitcoin purchases after a 10-week pause. At 8 AM EDT, Bitcoin was priced at $78,110, while Ethereum was trading at $2,459.
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 top Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, September 1, 2026.
Upgrades:
- Akamai Technologies (NASDAQ: AKAM) was upgraded to Overweight from Neutral at Piper Sandler, with a $125 target price.
- Duolingo (NASDAQ: DUOL) was upgraded to Outperform from In Line at Evercore ISI, which doubled the price target for the shares to $210 from $105.
- Robinhood Markets (NASDAQ: HOOD) was raised to Overweight from Equal Weight at Morgan Stanley, which lifted the target price for the stock to $150 from $124.
- Sempra Energy (NYSE: SRE) was upgraded to Buy from Hold at Jefferies, which trimmed the target price for the shares to $97 from $101.
- Timken Company (NYSE: TKR) was raised to Buy from Neutral at Bank of America, which bumped the target price to $135 from $129.
Downgrades:
- Edison International (NYSE: EIX) was downgraded to Neutral from Buy at Bank of America, which slashed the target price for the utility to $51 from $81.
- Interactive Brokers Group (NASDAQ: IBKR) was cut to Neutral from Buy at UBS, which surprisingly raised the target price for the stock to $102 from $50 as a new analyst assumed coverage.
- Miami International Holdings (NYSE: MIAX) was downgraded to Equal Weight from Overweight at Morgan Stanley, which trimmed the price target to $50 from $53.
- PG&E (NYSE: PCG) was cut to Neutral from Buy at Bank of America, which cut the target price almost in half to $13 from $24.
- Xenia Hotels & Resorts (NYSE: XHR) was downgraded to Market Perform from Outperform at BMO Capital, which lowered the price target to $20.50 from $22.
Initiations:
- Arista Networks (NYSE: ANET) was initiated with a Buy rating at Deutsche Bank, with a $220 target price.
- Booking Holdings (NASDAQ: BKNG) was initiated with a Buy rating at Rosenblatt, which has a $245 target price for the shares.
- BorgWarner (NYSE: BWA) was initiated with an Outperform rating at RBC Capital, with an $87 target price.
- Cisco Systems (NASDAQ: CSCO) was started with a Buy rating at Deutsche Bank, with a $135 target price.
- Dell Technologies (NYSE: DELL) was started with a Hold rating at Deutsche Bank, which has a $480 target price objective.
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Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.
Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.
Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.
Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.
