Palo Alto Networks Inc. (NASDAQ: PANW): Goldman Sachs reiterated a Buy rating and raised its $205 target price to $213. Citigroup also maintained a Buy rating but trimmed its target price to $332 from $340. Stifel kept a Buy rating, and its $215 target price rose to $225. The consensus target is $208.28 for now. The stock closed on Wednesday at $187.85, up about 12% on the day after earnings solidly topped estimates.
Occidental Petroleum Corp. (NYSE: OXY): Evercore ISI downgraded the stock to Underperform from In Line. The analyst also cut the $74 target price to $60, well below the $75.73 consensus target. Wednesday’s final trade was reported at $58.41.
Okta Inc. (NASDAQ: OKTA): Jefferies reiterated a Buy rating with an $85 target price. The consensus target is $80.75. The shares closed on Wednesday at $72.56.
Salesforce Inc. (NYSE: CRM): Oppenheimer reiterated an Outperform rating with a $185 price target. The consensus target is $189.64, and shares ended trading Wednesday at $163.40 apiece.
Shopify Inc. (NYSE: SHOP): D.A. Davidson’s upgrade was from Neutral to Buy with a $50 target price. The consensus target is $48.21. The stock closed on Wednesday at $42.04.
Sirius XM Holdings Inc. (NASDAQ: SIRI): Rosenblatt’s downgrade to Neutral from Buy included a target price cut to $4.80 from $7.40. The consensus target is $5.80. The stock closed on Wednesday at $4.40.
Target Corp. (NYSE: TGT): Oppenheimer reiterated an Outperform rating with a $190 price target. The consensus target is $177.68. The shares ended Wednesday’s session at $165.75.
ZipRecruiter Inc. (NYSE: ZIP): The Strong Buy at Raymond Jones dropped to Outperform with a $26 target price. That compares with the $24.40 consensus target. Wednesday’s closing print of $17.99 was down 23% on the day despite better than expected earnings and revenues, but the company warned of slower hiring trends.
Given that the stock market could end the year flat or lower, total return may be the best way to achieve some gains. Five top stocks yielding 7% or more are now incredibly cheap and look like outstanding ideas for investors.
Wednesday’s top analyst upgrades and downgrades included BioMarin Pharmaceutical, BlackRock, CF Industries, Constellation Energy, DocuSign, DraftKings, Mosaic, Norfolk Southern, Nvidia, RingCentral, Riot Platforms and SentinelOne.
Originally published at 24/7 Wall St.
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