Nvidia Corp. (NASDAQ: NVDA): When Wedbush upgraded the blockbuster chip company to Outperform from Neutral, its $290 target price jumped to $490. Craig Hallum upgraded the shares to Buy from Hold and has a $500 target. Baird boosted its Neutral rating to Outperform and its $300 target price to $475. The consensus target is $300.18 for now. The stock closed on Thursday at $379.80, which was up 24% for the day.
PetMed Express Inc. (NASDAQ: PETS): Lake Street started coverage with a Buy rating and a $20 price target. The consensus target is $16.67. The stock closed on Thursday at $14.84.
SentinelOne Inc. (NYSE: S): Raymond James started coverage with a Strong Buy rating. Its $25 target price compares with the $22.12 consensus target and Thursday’s closing print of $20.13.
Snowflake Inc. (NYSE: SNOW): The Buy rating at Rosenblatt is now at Neutral, and its target price was reduced to $170 from $188. The consensus target is $185.63. Thursday’s $147.91 close was down 17% for the day despite an earnings beat.
Toll Brothers Inc. (NYSE: TOL): The RBC Capital Markets upgrade was to Outperform, and the analyst lifted the $55 price target to $77. The consensus target is $70.68. Thursday’s $68.13 close was almost 5% higher in the wake of huge quarterly results.
Vipshop Holdings Ltd. (NYSE: VIPS): J.P. Morgan upgraded the stock to Overweight from Neutral, and its $17 target price ticked up to $18. The consensus target is $17.34. The stock closed on Thursday at $14.99.
Walt Disney Co. (NYSE: DIS): KeyBanc Capital Markets reiterated an Overweight rating but cut its $120 target price to $107. The consensus target is $120.78. The stock closed on Thursday at $88.14.
Webster Financial Corp. (NYSE: WBS): Deutsche Bank initiated coverage with a Buy rating and a $47 price target. The consensus target is $51. The stock closed at $36.42 on Thursday.
Even with the tsunami of interest in artificial intelligence, cybersecurity software stocks remain among the best tech ideas now. Six top stocks continue to stand out, as the companies look poised to retain strong positions in an industry that is constantly evolving, and they offer solid entry points with massive upside potential.
See which four tech companies are riding Nvidia’s wave, and why Nvidia’s CEO is concerned about China.
Thursday’s top analyst upgrades and downgrades included Antero Resources, AutoZone, Coterra Energy, Dollar General, Eli Lilly, First Horizon, Infosys, Owens Corning, Palo Alto Networks, Range Resources, Southwestern Energy, Toast, Urban Outfitters and Workday.
Originally published at 24/7 Wall St.
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