Thursday’s Top Analyst Upgrades and Downgrades: AIG, Alcoa, Coinbase, Home Depot, Merck, Nvidia, Salesforce, Shopify, Sirius XM, Target and More

Coinbase Global Inc. (NASDAQ: COIN): Jefferies reiterated a Hold rating but lifted its $35 target price all the way to $60. Oppenheimer reiterated an Outperform rating and raised its price target to $84 from $72, while Barclays maintained an Equal Weight rating and pushed its $57 target price up to $63, somewhat shy of the consensus target. The stock closed on Wednesday at $61.18.

Constellation Energy Corp. (NYSE: CEG): As Credit Suisse cut its Outperform rating to Neutral, its $91 target price dropped to $83. The consensus target is $98.62. Wednesday’s $77.80 close was down 3% on the day.

Diversey Holdings Ltd. (NASDAQ: DSEY): BofA Securities resumed coverage with an Underperform rating and a $6 target price. The consensus target is $6.97. The shares closed on Wednesday at $5.66.

GitLab Inc. (NASDAQ: GTLB): Truist Financial lowered its $75 target price to $65 but maintained a Buy rating. The consensus target is $64.92. The stock closed on Wednesday at $44.32.

Hackett Group Inc. (NASDAQ: HCKT): Craig Hallum’s downgrade to Hold from Buy came with a target price cut to $25 from $30. The consensus target is $28.67. Wednesday’s close at $18.52 was down 13% for the day despite earnings and revenues that beat estimates.

HealthEquity Inc. (NASDAQ: HQY): Jefferies reiterated a Buy rating with an $84 target price. The consensus target is $82.23 The stock closed on Wednesday at $65.30.

Home Depot Inc. (NYSE: HD): UBS reiterated its Buy rating but lowered the target price to $340 from $350. Baird reiterated an Outperform rating its $360 price target dropped to $340. Citigroup also reiterated a Buy rating, as well as reduced its $340 target to $332. The consensus target is $331.25. The stock closed on Wednesday at $296.30, rebounding from a dreadful Tuesday.

LGI Homes Inc. (NASDAQ: LGIH): BTIG Research downgraded the stock to Sell from Neutral and has a $73 target price. The consensus target is up at $103. The stock closed on Wednesday at $104.39.

Manhattan Associates Inc. (NASDAQ: MANH): D.A. Davidson initiated coverage with a Neutral rating and a $145 target. The consensus target is $173.60. Wednesday’s close was at $142.70.

Masimo Corp. (NASDAQ: MASI): Raymond James upgraded the shares to Outperform from Market Perform. Its $187 target price is well above the $166.14 consensus target. The stock closed Wednesday’s session at $166.15, which was up over 3% for the day on the upgrade.

Merck & Co. Inc. (NYSE: MRK): Wolfe Research’s upgrade was from Peer Perform to Outperform with a $127 target price. The consensus target is $118.09. The stock closed on Wednesday at $109.16.

Nordson Corp. (NASDAQ: NDSN): KeyBanc Capital Markets lifted its Sector Weight rating to Overweight with a $255 price objective. The consensus target is $256.20. The stock closed over 4% higher on Wednesday at $221.04 on the upgrade.

Nvidia Corp. (NASDAQ: NVDA): Truist Financial reiterated a Buy rating with a $238 target price. The consensus target is $211.72. The stock closed on Wednesday at $207.54.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.