Radian Group Inc. (NYSE: RDN): BofA Securities raised its Neutral rating to Buy and has a $24 target price. The consensus target is $24.63. The shares ended trading on Thursday at $18.77.
RingCentral Inc. (NYSE: RNG): Wedbush initiated coverage with a Neutral rating and a $40 target price. The consensus target is higher at $53.92. The shares ended Thursday almost 4% lower at $40.18.
Snap Inc. (NYSE: SNAP): As Jefferies downgraded the shares to Hold from Buy, it also trimmed its $12 target price to $10. The consensus target was last seen at $11.69. The stock ended Thursday trading at $8.76.
Snowflake Inc. (NASDAQ: SNOW): Wedbush started coverage with a Neutral rating and a $144 target price. The consensus target is $196.40. The stock closed more than 4% lower Thursday at $142.65.
VeriSign Inc. (NASDAQ: VRSN): Baird upgraded the stock to Outperform from Neutral and raised its $216 target price to $265. The consensus target is $208.90. The shares closed on Thursday at $199.67.
Verizon Communications Inc. (NYSE: VZ): Morgan Stanley upgraded the stock to Overweight from Equal Weight and bumped its $41 target price up to $44. The consensus target is $45.30. The shares ended Thursday’s session at $37.77.
Western Digital Corp. (NASDAQ: WDC): The Goldman Sachs downgrade to Sell from Neutral came with a target price cut to $31 from $43. The consensus target is $44.34. Thursday’s $32.21 closed was down over 10% for the day on the downgrade.
Eleven top Goldman Sachs tech stock picks match the firm’s 10 trends for 2023. Growth investors with a long-term time horizon could be poised to make some huge profits from these sector giants over the next few years.
Thursday’s top analyst upgrades and downgrades included Amgen, Archer Daniels Midland, Blackstone, Bloom Energy, Carnival, Chevron, Danaher, EQT, KKR, Nike, PACCAR, Plug Power, PulteGroup, QuantumScape and RingCentral.
Originally published at 24/7 Wall St.
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