Procore Technologies Inc. (NASDAQ: PCOR): The Goldman Sachs upgrade was to Buy from Neutral, and its $63 target price increased to $75. The consensus target is $75.29. Thursday’s close was at $56.75, up almost 7% on the day after outstanding quarterly results were posted.
Revolve Group Inc. (NASDAQ: RVLV): BTIG Research reiterated a Buy rating but lowered the target price to $27 from $35. The consensus target is $27.94. The stock closed on Thursday at $18.51, down almost 8% for the day despite a first-quarter earnings beat.
Trimble Inc. (NASDAQ: TRMB): Goldman Sachs reduced its $70 price target on the Buy-rated shares to $60. The consensus target is $59.73. Thursday’s final trade was for $47.60 a share.
Verisk Analytics Inc. (NASDAQ: VRSK): BofA Securities upgraded the stock to Buy from Neutral, and its price target exploded higher, to $243 from $167. The consensus target is $204.50. The shares closed on Thursday at $205.76.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX): The analysts at Piper Sandler resumed coverage with an Overweight and a $385 target price. That compares with the $363.52 consensus target and Thursday’s final print of $346.59.
Wingstop Inc. (NASDAQ: WING): Citigroup’s downgrade was to Market Perform from Outperform, but it also raised its $204 target price to $224. The consensus target is $197.81. The stock closed down almost 5% on Thursday at $207.57 despite solid results.
Wix.com Ltd. (NYSE: WIX): Raymond James lifted its Market Perform rating to Outperform with a $96 target price. The consensus target is $107.12. The shares closed on Thursday at $75.33.
ZoomInfo Technologies Inc. (NASDAQ: ZI): D.A. Davidson started coverage with a Buy rating and a $30 target price. The consensus target is $32.65. Thursday’s $20.57 close was down 4% on the day despite it meeting analysts’ estimates.
With more banks failing and interest rates still rising, it may be time for worried investors to take profits on the mega-cap winners and move to safer old-school stocks that can survive an economic downturn. Five Dow Jones industrial stocks offer good entry points now and dependable dividends.
The cost of housing has skyrocketed in some major U.S. cities.
Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices, Amcor, Caesars Entertainment, CarMax, Chewy, Marriott International, Microsoft, Molson Coors Beverage, NXP Semiconductors and Uber Technologies.
Originally published at 24/7 Wall St.
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