Okta Inc. (NASDAQ: OKTA): When Stifel upgraded the shares to Buy from Hold, the firm’s target price jumped to $90 from $60. The consensus target is $79.64, and Monday’s final print was $69.21, down just over 3% for the day.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Cowen changed its Market Perform rating to Outperform, and its $775 target price rose to $875. The consensus target is $808.54. The stock closed on Monday at $736.46.
Saia Inc. (NASDAQ: SAIA): Credit Suisse’s downgrade was to Neutral from Outperform, though it raised the target price to $288 from $269. The consensus target is $236.60. The stock ended Monday’s session at $264.41, a drop of over 3% on the day.
Shopify Inc. (NYSE: SHOP): Roth Capital raised its Neutral rating to Buy. Also, the firm’s $38 target price jumped to $56, well above the $42.12 consensus target. Monday’s close was at $100.00 a share.
Tanger Factory Outlet Centers Inc. (NYSE: SKT): Compass Point downgraded the stock to Neutral from Buy and has a $21 target. The consensus target is $18.17. The stock closed on Monday at $18.56.
Tesla Inc. (NASDAQ: TSLA): Though Berenberg upgraded the stock to Buy from Hold, it also cut its $255 target price to $200. That is still higher than the $192.93 consensus target. Monday’s $166.66 close was down almost 7% for the day on the weak tape and after some big recent gains, after the company posted stellar results last week.
Uber Technologies Inc. (NYSE: UBER): MoffettNathanson began coverage with an Outperform rating and a $47 target price. The consensus target is $45.47. Monday’s close at $29.63 was down close to 3% on the day.
Varonis Systems Inc. (NASDAQ: VRNS): Baird cut its Outperform rating to Neutral and has a $30 target price. The consensus target is $29.33. The stock closed 4% lower on Monday at $25.66.
See which six high-conviction stock picks with some of the biggest dividends are safer ideas for nervous investors concerned about the economy and the stock market for the rest of the year.
Monday’s top analyst upgrades and downgrades included Activision Blizzard, Apple, Bill.com, Chewy, Etsy, Fortinet, General Mills, Las Vegas Sands, MongoDB, Steel Dynamics, Take-Two Interactive Software, Tesla and 3M.
Originally published at 24/7 Wall St.
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