Netflix Inc. (NASDAQ: NFLX): Deutsche Bank reiterated its Buy rating, and the firm raised its $410 target price to $475. The $413.94 consensus target is handily less than Monday’s $450.05 closing share price.
Nvidia Corp. (NASDAQ: NVDA): Citigroup launched its $420 price target to $520, well above the $479.22 consensus target. The shares closed at $464.61 on Monday.
PACCAR Inc. (NASDAQ: PCAR): Jefferies raised its Hold rating to Buy and its $85 price target to $115. The $81.33 consensus target is short of Monday’s $87.56 close.
Power Integrations Inc. (NASDAQ: POWI): Northland Capital downgraded the stock from Outperform to Market Perform with a target price of $82. The consensus target is $91.17, and the last trade for Monday came in at $96.86.
Progressive Corp. (NYSE: PGR): J.P. Morgan upgraded the stock to Overweight from Neutral and has a $146 target price, The consensus target price is $141.50. The shares closed almost 5% higher on Monday at $121.95 after the upgrade.
Tesla Inc. (NASDAQ: TSLA): Baird reiterated its Outperform rating and raised the target price to $300 from $252. The consensus target is $214.07. Monday’s final trade was for $290.38 a share.
Timken Co. (NYSE: TKR): Citigroup downgraded the stock to Neutral from Buy but bumped its $95 target price to $100, above the $93.89 consensus target. Monday’s closing price was $92.26.
Twilio Inc. (NYSE: TWLO): Though Piper Sandler downgraded the shares to Neutral from Overweight, its $56 target price popped to $71. The consensus price target is $66.95. Monday’s close was at $66.47.
Wells Fargo & Co. (NYSE: WFC): Odeon downgraded the shares from Buy to Hold with a $43.75 target price. That compares with a $49.70 consensus target and Monday’s $44.74 close, which was up almost 3% on the day.
Goldman Sachs has done a deep dive into the internet digital advertising space, and the top stocks should come as no surprise. Five outstanding internet stocks are also favorites of Wall Street analysts for their advertising strength.
Monday’s top analyst upgrades and downgrades included Amazon.com, AT&T, Broadcom, Corning, DraftKings, Eli Lilly, Fortinet, General Mills, Leslie’s, Microsoft, Nvidia, Plug Power, Progressive, PulteGroup and Welltower.
Originally published at 24/7 Wall St.
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