Monday’s Top Analyst Upgrades and Downgrades: Alibaba, Amazon, Corteva, Lucid, Medical Properties Trust, Palo Alto Networks, Rivian, Twilio, Walmart, Wayfair and More

AppLovin Corp. (NASDAQ: APP): Oppenheimer raised its $25 target price on Buy-rated shares all the way to $45. The consensus target is $34.36. Friday’s $38.89 close was up almost 5% for the day after crushing estimates last week and on the potential for the company’s updated AI engine.

Corteva Inc. (NYSE: CTVA): Citing falling estimates, Zacks named this stock as its Bear of the Day. Shares of this spin-off from DowDuPont have traded as high as $68.43 in the past year but fell to a 52-week low of $51.97 on Friday.

CyberArk Software Ltd. (NASDAQ: CYBR): Oppenheimer maintained an Outperform rating with a $195 target price. The consensus target is $185.23, and Friday’s close was at $156.43.

Forward Air Inc. (NASDAQ: FWRD): When Stifel downgraded the stock to Hold from Buy, its $127 price target fell to $103. The consensus target is $124.50 for now. Friday’s $77.65 close was down 25% for the day after the company announced a merger with Omni Logistics.

Hershey Co. (NYSE: HSY): Though Argus reiterated a Buy rating, the analyst slashed the target price to $270 from $315. The consensus target is lower at $263.79. Friday’s final trade was for $223.62 a share.

Himax Technologies Inc. (NASDAQ: HIMX): Credit Suisse upgraded the stock from Neutral to Outperform with an $8 target price. The consensus target is $7.65. On Friday, the stock closed over 3% higher at $6.76 after the upgrade.

Holley Inc. (NYSE: HLLY): Zacks selected this specialty auto parts manufacturer as its Bull of the Day stock, citing momentum after a big beat. Shares last closed at $7.90, after hitting a new 52-week high of $8.06 earlier in the day.

Kodiak Gas Services Inc. (NYSE: KGS): Raymond James reiterated an Outperform rating but bumped its target price to $23 from $21. The consensus target is $23.25. Friday’s close was at $19.33.

Lucid Group Inc. (NYSE: LCID): Exane BNP Paribas cut its Neutral rating to Underperform with a $5 target price. The $8.05 consensus target is also higher than Friday’s $6.64 closing share price.

Medical Properties Trust Inc. (NYSE: MPW): As BofA Securities downgraded the stock to Underperform from Neutral, the firm trimmed its target price to $8 from $9. The consensus target is $11.82, and shares were last seen on Friday trading at $8.08.

Palo Alto Networks Inc. (NASDAQ: PANW): Jefferies maintained a Buy rating on the bellwether cybersecurity leader. Its $285 target price is well above the consensus target of $251.57 and Friday’s close at $217.96.

Pinnacle West Capital Corp. (NYSE: PNW): Evercore ISI upgraded the shares to In Line from Underperform and has its price target set at $78. The consensus target is $79.90, and Friday’s close was at $77.40.

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