This summary highlights the most impactful Wall Street research ratings influencing market movements today, outlining key rating changes for investors.
Five Key Upgrades
Target (TGT) Telsey Advisory upgraded the stock from Market Perform to Outperform, raising the price target from $110 to $145. The rationale: Following earnings, the firm is optimistic about the company's strategy to drive growth by revitalizing the appeal of its "Tarzhay" merchandise. Bernstein also upgraded the stock from Underperform to Market Perform, increasing the price target from $91 to $116.
Tesla (TSLA) Bank of America resumed coverage, upgrading the stock from Neutral to Buy with a $460 price target. The rationale: The bank views Tesla as the current leader in consumer-level autonomous driving and believes it is positioned to quickly become a leader in Robotaxi services.
Ross Stores (ROST) Telsey Advisory upgraded the stock from Market Perform to Outperform, raising the price target from $220 to $240. The rationale: The company's crucial holiday quarter earnings significantly exceeded expectations.
RPM (RPM) Baird upgraded the stock from Neutral to Outperform, maintaining a $125 price target. The rationale: The firm anticipates an acceleration in earnings growth for fiscal year 2027 and beyond.
Intellia Therapeutics (NTLA) JonesResearch upgraded the stock from Hold to Buy with a $29 price target. The rationale: The FDA has lifted the clinical holds on the MAGNITUDE and MAGNITUDE-2 studies, allowing the company to resume patient recruitment.
Five Key Downgrades
First Solar (FSLR) GLJ Research downgraded the stock from Buy to Hold, slashing the price target from $314.43 to $207.82. The rationale: The 2026 guidance fell significantly short of expectations across revenue, volume, and EBITDA, even missing the low end of buyer forecasts.
GitLab (GTLB) Piper Sandler downgraded the stock from Overweight to Neutral, reducing the price target from $55 to $28. The rationale: Concerns over slowing growth persist, making the stock unattractive for investment even after the price decline.
LegalZoom (LZ) Barclays downgraded the stock from Equal Weight to Underweight, cutting the price target from $9 to $6. The rationale: AI-native tools could lower barriers to entry in the industry, potentially diverting online demand away from the company.
Avient (AVNT) KeyBanc downgraded the stock from Overweight to Sector Weight and did not provide a price target. The rationale: Persistent increases in raw material costs are a concern.
Cooper Companies (COO) Rothschild & Co Redburn downgraded the stock from Buy to Neutral, lowering the price target from $92 to $85. The rationale: Weak performance is expected in fiscal 2025, with no significant improvement anticipated in the contact lens market.
Five Notable Initiations
Roblox Corporation (RBLX) DA Davidson initiated coverage with a Neutral rating and a $65 price target. The rationale: While new hit content is driving impressive growth, the firm remains cautious due to expectations of intensifying competition in 2026-2027.
Rivian (RIVN), Lucid (LCID), Ford (F), General Motors (GM) Bank of America resumed coverage: - Rivian: Underperform rating with a $14 price target. - Lucid: Underperform rating. - Ford and General Motors: Buy ratings.
AutoNation (AN) Bank of America resumed coverage with a Buy rating and a $235 price target. The rationale: As the auto industry adapts to new regulations, the high-margin internal combustion engine vehicle business is expected to benefit industry performance.
Chime (CHYM) KeyBanc initiated coverage with an Overweight rating and a $30 price target. The rationale: A unique technology stack drives product innovation, and the unit economics provide a foundation for profitability.
nLight (LASR) Baird initiated coverage with an Outperform rating and a $95 price target. The rationale: The company is supported by favorable industry trends, strong financial resources, and advantages in vertical integration and technology, underpinning high growth potential.
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