Lam Research Corp. (NASDAQ: LRCX): Wolfe Research started coverage with an Outperform rating and a $825 target price. The consensus target is just $677.36. Friday’s $622.78 close was down over 5% for the day on the very weak tech tape.
Lindsay Corp. (NYSE: LNN): As Stifel downgraded the shares to Hold from Buy, its $146 target price fell to $135. The consensus target is $131.50. Friday’s close was at $114.04.
New Relic Inc. (NYSE: NEWR): D.A. Davidson downgraded the stock from Buy to Neutral. The firm also trimmed its $95 target price to $87, still above the $85.83 consensus target. The shares ended Friday trading at $85.73.
Palantir Technologies Inc. (NYSE: PLTR): HSBC Securities initiated coverage with a Hold rating and a $16 price target. The consensus target is $14.25, and Friday’s close was at $15.29.
PagSeguro Digital Ltd. (NYSE: PAGS): New Street upgraded the stock to Buy from Neutral and has a $14 target price. The consensus target is $12.35. The stock closed on Friday at $9.02.
Planet Fitness Inc. (NYSE: PLNT): TD Cowen’s downgrade was from Outperform to Market Perform with a $55 target price. The consensus target is $78.59 for now. The shares tumbled 14% to close at $51.36 on Friday after the CEO abruptly stepped down.
ServiceNow Inc. (NYSE: NOW): HSBC Securities initiated coverage with a Buy rating. Its $704 target price is well above the $598.82 consensus target. Friday’s close was at $578.98.
Shake Shack Inc. (NYSE: SHAK): Northcoast upgraded the stock from Neutral to Buy with an $85 target price. The consensus target is $77.71, and shares closed on Friday at $61.69.
Snowflake Inc. (NYSE: SNOW): HSBC Securities initiated coverage with a Buy rating and a $201 target price. The consensus target is $198.39. The stock closed on Friday at $161.94.
TKO Group Holdings Inc. (NYSE: TKO): UBS initiated coverage with a Buy rating and a $123 target price. The consensus target is $114.11. Friday’s close was at $99.41.
Truist Financial Corp. (NYSE: TFC): Piper Sandler cut its Overweight rating to Neutral and its $37 target price to $32. The consensus target is $36.31. The shares closed on Friday at $28.94.
Unity Software Inc. (NYSE: U): BofA Securities lifted its Neutral rating to Buy and its $46 target price to $56. The consensus target is just $44.67. Friday’s close was at $35.92.
Vornado Realty Trust (NYSE: VNO): Truist Financial cut its Buy rating to Hold but bumped its $22 target price up to $27. The consensus target is $18.20. On Friday, shares closed at $25.10.
Wix.com Ltd. (NASDAQ: WIX): Zacks has selected this software firm as its Bull of the Day stock, suggesting that its push to focus on the bottom line has paid off. Shares last closed at $95.32, and the $118.39 consensus price target would be a 52-week high.
The need for cybersecurity is clearly increasing every year. Six top cybersecurity providers may benefit from recent attacks on casinos, and their stocks are trading at levels that offer reasonable entry points and have big upside potential.
Five well-known stocks that trade under $10 a share could soar this fall.
Friday’s top analyst upgrades and downgrades included BJ’s Wholesale Club, Carnival, Carrier Global, Etsy, First Solar, MetLife, Norwegian Cruise Line, Oracle, RTX and Victoria’s Secret.
Originally published at 24/7 Wall St.
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