Roblox Corp. (NYSE: RBLX): Truist Financial lowered its $45 target price to $37 but maintained its Neutral rating. The consensus target is $39.96. Monday’s $30.88 close was down 3% on the day.
Salesforce Inc. (NYSE: CRM): Stifel reiterated a Buy rating but lowered its $200 target price to $185. The consensus target is up at $216.56, and shares closed most recently at $153.69.
SciPlay Corp. (NASDAQ: SCPL): Truist Financial cut its Buy rating to Hold and trimmed its $17 target price to $15. The consensus target is $16.23. The stock closed on Monday at $15.20.
Shopify Inc. (NYSE: SHOP): Jefferies reiterated a Buy rating with a $40 target price. The consensus target is $40.65. The shares closed on Monday at $38.03, after posting impressive Black Friday numbers.
StoneCo Ltd. (NASDAQ: STNE): The upgrade at Evercore ISI was to Outperform from In line, and the firm raised its $10 target price to $16. The consensus target is $11.15. The stock ended Monday’s session trading at $10.58.
Synopsys Inc. (NASDAQ: SNPS): Stifel reiterated a Buy rating with a $445 target price. The consensus target is $405.36. The stock closed on Monday at $329.12.
Twilio Inc. (NYSE: TWLO): The Jefferies downgrade was to Hold from Buy, and the analyst chopped the $110 target price to $50. The consensus target price is $85.18. Monday’s close at $46.77 was down almost 4% on the day.
Unity Software Inc. (NYSE: U): Morgan Stanley resumed coverage with an Equal Weight rating and a $27.50 target price. The consensus target is $36.66. Monday’s final trade was reported at $35.51.
Williams-Sonoma Inc. (NYSE: WSM): Morgan Stanley cut its Equal Weight rating to Underweight and slashed its $150 price target to $100. The consensus target is 131.61. The stock closed on Monday at $116.49, which was down almost 5% after the downgrade.
As pocketbooks are being squeezed by inflation, six top consumer stocks have reasonable upside potential and come with very dependable dividends. With even moderate appreciation in their share prices, investors should be looking at double-digit total return potential.
Monday’s top analyst upgrades and downgrades included Activision Blizzard, Amazon.com, Bilibili, Coupa Software, Deere, DraftKings, JD.com, Lufax, Meta Platforms, Redfin, Tyson Foods, Visa, Upstart and Wynn Resorts.
Originally published at 24/7 Wall St.
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.
