Peloton Interactive Inc. (NASDAQ: PTON): Wolfe Research downgraded the shares to Underperform from Peer Perform and has a $6 target price. The consensus target is up at $12.13. Wednesday’s close at $7.45 was down by almost 10% on the day, due to the downgrade.
Petróleo Brasileiro S.A. (NYSE: PBR): Goldman Sachs raised its $13 target price on the Buy-rated stock to $18.10. The consensus target is $14.18. The shares closed on Wednesday at $14.95, which was up over 5% on the day.
Snowflake Inc. (NYSE: SNOW): Jefferies maintained a Buy rating with a $180 target price. The slightly higher $182.43 consensus target also compares with Wednesday’s closing share price of $176.40.
Spotify Technology S.A. (NYSE: SPOT): Wolfe Research upgraded the shares to Outperform from Peer Perform. Its $190 target price is well above the $157.86 consensus target and Wednesday’s close at $155.28.
Tesla Inc. (NASDAQ: TSLA): The Barclays downgrade to Equal Weight from Overweight came with a target price hike to $260 from $220. The $194.84 consensus target is well below Wednesday’s close at $259.46, which was down over 5% on the day after the downgrade and some serious profit-taking.
Tidewater Inc. (NYSE: TDW): BTIG Research initiated coverage with a Buy rating and a $75 price objective. That compares with the $53.00 consensus target and Wednesday’s closing print of $48.64.
Tyler Technologies Inc. (NYSE: TYL): J.P. Morgan started coverage with an Overweight rating and a $472 target price. The consensus target is just $433.09. The shares ended Wednesday trading at $393.29.
Victoria’s Secret & Co. (NYSE: VSCO): Citing slowing sales in North America, Zacks selected this retailer as its Bear of the Day stock. Shares have traded as high as $48.16 in the past year but closed most recently at $18.30.
Whether the broader market catches up or continues to lag should not deter aggressive growth investors from adding shares of the seven tech giants that are driving the rally so far this year due to the rising interest in artificial intelligence.
Wednesday’s top analyst upgrades and downgrades included Allstate, Archer Daniels Midland, Avis Budget, Baidu, Centene, Lemonade, Melco Resorts & Entertainment, Palantir Technologies, Peabody Energy, Philip Morris, Shopify and Zscaler.
Originally published at 24/7 Wall St.
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.
