Thursday’s Top Analyst Upgrades and Downgrades: Airbnb, Antero Midstream, Exact Sciences, GitLab, Lumentum, Nektar Therapeutics, PayPal and More

Antero Midstream Corp. (NYSE: AM): UBS initiated coverage with a Buy rating and a $14 target price. The $11.83 consensus is nearer to Wednesday’s close at $10.59.

Bentley Systems Inc. (NASDAQ: BSY): Rosenblatt’s downgrade to Neutral from Buy included a target price hike to $47 from $43. The consensus target is $48.80. The stock closed on Wednesday at $45.89.

Braze Inc. (NASDAQ: BRZE): Wells Fargo started coverage with an Overweight rating and a target price of $34. The consensus target is up at $40.92, but shares closed on Wednesday at $29.75.

Celsius Holdings Inc. (NASDAQ: CELH): BofA Securities upgraded the shares to Buy from Neutral. The analyst also boosted the $98 target price to $125. The consensus target is $119.82. Wednesday’s $128.29 close was a one-day gain of 21%, after revenue and earnings estimates were smashed.

Cutera Inc. (NASDAQ: CUTR): Piper Sandler resumed coverage with an Underweight rating and a $14 target price. The consensus target is $32 for now. The stock closed at $17.66 on Wednesday, which was down almost 13% on the day after the company reported a first-quarter loss and missed revenue estimates.

Duolingo Inc. (NASDAQ: DUOL): Wedbush reiterated a Buy rating and raised its $115 target price to $160. The consensus target is $132.38. The stock closed almost 10% higher on Wednesday at $147.70 in the wake of strong first-quarter results.

Dutch Bros Inc. (NYSE: BROS): J.P. Morgan downgraded the stock to Neutral from Overweight. It also trimmed its $38 target price to $32, well below the $38.80 consensus target. The stock was mauled Wednesday, closing down 12% at $28.53, after only posting break-even earnings for the quarter.

Exact Sciences Corp. (NASDAQ: EXAS): Craig Hallum upgraded the shares to Buy from Hold, and its $55 target price is now $85. The consensus target is $77.74 for now. Wednesday’s close at $78.73 was up almost 11% for the day after earnings estimates were blown away.

GitLab Inc. (NASDAQ: GTLB): D.A. Davidson initiated coverage with a Neutral rating and a $30 target price. That compares with the higher $46.69 consensus target and Wednesday’s closing print of $30.30.

GlobalFoundries Inc. (NASDAQ: GFS): Wedbush reiterated an Outperform rating while lowering its target price to $72 from $80. The consensus target is $74.00. On Wednesday, the closing share price was $54.50.

Hain Celestial Group Inc. (NASDAQ: HAIN): Piper Sandler raised its Underweight rating to Neutral but trimmed its $17 target price to $16. The consensus is higher at $22.08. The stock closed on Wednesday at $15.08.

Halozyme Therapeutics Inc. (NASDAQ: HALO): Piper Sandler upgraded the company from Neutral to Overweight with a $46 target price. The consensus target is $52.44 Wednesday’s close at $34.49 up over 12% for the day on strong revenue results.

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