JD.com Inc. (NASDAQ: JD): Goldman Sachs reiterated a Buy rating with an $81 target price. The consensus target is $78.47. The stock closed Friday at $49.48, down over 5% on the day after more negative COVID-19 news from China.
Lufax Holding Ltd. (NYSE: LU): Credit Suisse’s downgrade to Underperform from Neutral included a target price cut to $1.40 from $1.70. The consensus target is higher at $4.86. The stock ended Friday at $1.40, down 20% for the day on the downgrade.
Meta Platforms Inc. (NASDAQ: META): Goldman Sachs reiterated a Buy rating, citing the strong position in digital advertising. The analyst has set a $165 target price. The $153.53 consensus also compares with Friday’s closing trade at $111.41.
Redfin Corp. (NASDAQ: RDFN): D.A. Davidson lowered its $9.50 target price to $5.50 and stayed with a Neutral rating. The consensus target is $4.53. The stock closed on Friday at $5.23.
Sarepta Therapeutics Inc. (NASDAQ: SRPT): Oppenheimer reiterated an Outperform rating with a $150 target price objective. The consensus target is $139.79, and the final trade on Friday was for $114.57 a share.
Tyson Foods Inc. (NYSE: TSN): The Barclays downgrade was to Underweight from Equal Weight. It also slashed the $89 target price to $58, well below the $80 consensus target and Friday’s close at $67.33.
Upstart Holdings Inc. (NASDAQ: UPST): This credit services provider is the Zacks Bear of the Day stock. No need to rush into this former high-flyer, says the analyst. Shares have traded as high as $220.21 in the past year but closed most recently at $18.52. That is down more than 26% in the past 90 days.
Visa Inc. (NYSE: V): Goldman Sachs reiterated a Buy rating with a $251 target price after November trends were stable. The consensus target is $247.64. The stock ended Friday at $213.79.
Wynn Resorts Ltd. (NASDAQ: WYNN): J.P. Morgan upgraded the casino operator to Overweight from Neutral and raised its $71 target price to $91. The consensus target is $83.08. The stock closed on Friday at $74.93.
Investors may be able to ride a potential Santa Claus rally for the balance of 2022. Five high-yielding Nasdaq stocks have some solid defensive qualities and are offering among the best entry points in some time.
Originally published at 24/7 Wall St.
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