Okta Inc. (NASDAQ: OKTA): Stifel raised its $90 target price on the Buy-rated stock to $100. The consensus target is $81.23 for now. The stock was last seen on Thursday trading at $80.91, and better-than-expected earnings get the credit for that 13% one-day gain.
Plug Power Inc. (NASDAQ: PLUG): Oppenheimer maintained a Buy rating and has a $31 target price. The consensus target is $27.26. The stock closed over 6% lower on Thursday at $13.33 after a fourth-quarter loss was posted.
Salesforce Inc. (NYSE: CRM): Needham raised its Hold rating to Buy with a $230 target price. The consensus target is $190.52. The stock closed Thursday at $186.59, which was up close to 12% for the day after huge numbers were posted.
Sandstorm Gold Inc. (NYSE: SAND): The RBC Capital Markets upgrade was from Sector Perform to Outperform with a $6.50 target price. The consensus target is higher at $8.57. Thursday’s $5.20 close was up almost 4% for the day on the upgrade.
Silvergate Capital Inc. (NYSE: SI): Compass Point downgraded the stock to Neutral from Buy. It also lowered its $16 target price to $10. The consensus target is $14.67 for now. The shares were crushed Thursday, closing down 58% at $5.72, after posting a huge loss and warning it may go out of business.
Uber Technologies Inc. (NYSE: UBER): Jefferies reiterated a Buy rating with a $47 target price. The consensus target is $47.48. Thursday’s close was at $33.69.
Veeva Systems Inc. (NASDAQ: VEEV): Goldman Sachs reiterated a Buy rating and raised its $204 target price to $226. The consensus target is $207.75. The stock closed over 4% higher on Thursday at $173.56 after better-than-expected earnings.
Western Digital Corp. (NASDAQ: WDC): Raymond James resumed coverage with an Outperform rating and a $46 target price. The consensus target is $46.92. The last trade on Thursday was reported at $38.38.
With the market still positive for the year after a bear market rally, it makes sense now to move to conservative, large-cap dividend stocks. Five high-yielding Dow stocks are offering good entry points and have lofty and dependable payouts.
Thursday’s top analyst upgrades and downgrades included AbbVie, AutoZone, Boeing, Coupang, First Solar, Fortinet, Goldman Sachs, Johnson & Johnson, Marqeta, Monster Beverage, Rivian Automotive, Spirit AeroSystems, Workday and XP.
Originally published at 24/7 Wall St.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
