Thursday’s Top Analyst Upgrades and Downgrades: Carnival, Enphase Energy, Meta Platforms, Nike, Nvidia, Ross Stores, Spotify, Transocean and More

CF Industries Holdings Inc. (NYSE: CF): Citing negative earnings estimate revisions, Zacks selected this as its Bear of the Day stock. Shares have traded as high as $119.60 in the past year but closed most recently at $71.19, which is down more than 16% year to date.

ChargePoint Holdings Inc. (NASDAQ: CHPT): Goldman Sachs resumed coverage with a Neutral rating and a $10 target price. The consensus target is up at $17.83. The stock closed on Wednesday at $8.99.

Consolidated Edison Inc. (NYSE: ED): Argus upgraded the legacy utility to Buy from Hold. Its $104 target price is well above the $89.43 consensus target. Wednesday’s close was at $92.10.

DoubleVerify Holdings Inc. (NYSE: DV): KeyBanc Capital Markets upgraded the shares to Overweight from Sector Weight and has a $30 target price. The consensus target is $35.20. Wednesday’s $28.01 close was up close to 3% for the day on the upgrade.

Enphase Energy Inc. (NASDAQ: ENPH): Susquehanna raised its Neutral rating to Positive with a $275 target price. The consensus target is up at $298.85. Wednesday’s close was at $202.15.

Howmet Aerospace Inc. (NYSE: HWM): Jefferies initiated coverage with a Buy rating and a $50 price objective. The consensus target is $46.65, and shares closed on Wednesday at $40.51.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX): The prior Peer Perform rating at Wolfe Research is now at Outperform, but the $65 target price is less than the $67.56 consensus target. The stock closed on Wednesday at $55.96.

Krispy Kreme Inc. (NASDAQ: DNUT): Truist Financial’s upgrade to Buy from Hold included a target price hike to $20 from $15. The consensus target is $15.40. The stock closed up over 6% on Wednesday at $15.31.

Meta Platforms Inc. (NASDAQ: META): The KeyBanc Capital Markets upgrade was from Sector Weight to Overweight with a $240 target price. The consensus target is lower at $219.28. The final trade on Wednesday was for $199.81 a share.

New York Community Bancorp Inc. (NYSE: NYCB): Raymond James resumed coverage with a Strong Buy rating and a $13 price target. The consensus target is $10.57. The stock closed on Wednesday at $8.76, down almost 5% on the day.

Nike Inc. (NYSE: NKE): When Barclays upgraded the shares to Overweight from Equal Weight, its $110 target price increased to $154. The consensus target is $130.03. The stock closed on Wednesday at $119.50, which was down close to 5% for the day.

Nvidia Corp. (NASDAQ: NVDA): Oppenheimer reiterated an Outperform rating and raised its $275 target price to $300. The consensus target of $259.23 is lower than Wednesday’s $264.68 closing price.

OpenText Corp. (NASDAQ: OTEX): Barclays resumed coverage with an Equal Weight rating and a $41 target price. The consensus target is $57.57. The stock closed over 3% lower on Wednesday at $37.04.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.