Mobileye Global Inc. (NASDAQ: MBLY): Barclays started coverage with an Overweight rating and a $60 target price. The consensus target is just $45.71, and Wednesday’s close was at $47.02.
Service Corp. International (NYSE: SCI): Oppenheimer reiterated an Outperform rating with a $74 target price. The consensus target is higher at $81.60, but the stock closed on Wednesday at $70.01. That was down almost 4% for the day despite posting solid fourth-quarter results.
SoFi Technologies Inc. (NASDAQ: SOFI): Oppenheimer reiterated an Outperform rating, and its $7 target price is likely to go higher soon, as the consensus target is $7.58 and the shares ended Wednesday at $7.25. That was up close to 8% on the day, as Wall Street has turned quite positive on the company.
Sony Group Corp. (NYSE: SONY): Zacks named this Japanese conglomerate as its Bull of the Day stock. The analyst makes the case for earnings and sales growth to return next year. Shares last closed at $88.42, and the consensus price target of $133.55 would be a 52-week high.
Southwest Airlines Co. (NYSE: LUV): Melius reduced its Overweight rating to Neutral with a $39 target price. That compares with the $45.56 consensus target and Wednesday’s closing price of $35.72 a share.
Tesla Inc. (NASDAQ: TSLA): Barclays started coverage with an Overweight rating and a $275 price target. The consensus target is lower at $186.61, and the stock closed on Wednesday at $214.24. That was up over 2% for the day.
Upstart Holdings Inc. (NASDAQ: UPST): Loop Capital upgraded the stock to Buy from Hold and has a $24 target price. The consensus target is $14.92. The final trade on Wednesday came in at $21.59, which was up 28% for the day despite a fourth-quarter loss as revenue jumped.
U.S. Bancorp Inc. (NYSE: USB): Piper Sandler lifted its Neutral rating to Overweight, and the $54 target price increased to $57. The consensus target is $55.20, and Wednesday’s close was at $49.08.
Some top Wall Street strategists believe the current rally could be the high point for the year. If so, it may be time for investors to shift to safer, high-dividend stocks that provide the best total return proposition for the rest of 2023.
Wednesday’s top analyst upgrades and downgrades included Ally Financial, Applied Materials, CrowdStrike, Fidelity National Information Services, First Solar, Fortinet, Newmont, Occidental Petroleum, Palo Alto Networks, Take-Two Interactive Software, Trade Desk, Twilio and Zscaler.
Originally published at 24/7 Wall St.
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