Pinnacle West Capital Corp. (NYSE: PNW): As BofA Securities upgraded the shares to Neutral from Underperform, the $76 price target rose to $78. The consensus target is $76.80. Friday’s closing share price was $76.80.
RingCentral Inc. (NYSE: RNG): The Hold rating at Needham is now at Buy with a $42 price target. The consensus target is $45.39. Friday’s $34.78 close was up 18% after an activist investor announced a sizable position in the company.
Sarepta Therapeutics Inc. (NASDAQ: SRPT): Oppenheimer reiterated an Outperform rating with a $180 target price. The consensus target is $174.89. The last trade on Friday came in at $126.82.
SoFi Technologies Inc. (NASDAQ: SOFI): Jefferies reiterated a Buy rating and has an $8 target price. The consensus target is $7.23. Friday’s close was at $5.41.
Ulta Beauty Inc. (NASDAQ: ULTA): Stifel reduced its $525 target price on the Hold-rated company to $475. The consensus target is up at $554.95. Friday’s close at $420.27 was down over 13% for the day. Analysts cited earnings for the drop.
UnitedHealth Group Inc. (NYSE: UNH): Piper Sandler started coverage with an Overweight rating and a $580 target price. That compares with a $553.58 consensus target and Friday’s closing print of $481.52.
UWM Holdings Corp. (NYSE: UWMC): As Jefferies upgraded the stock to Buy from Hold, its $5.50 target price increased to $7. The consensus target is $4.70. Friday’s $5.14 close up over 5% for the day on the upgrade.
Workday Inc. (NYSE: WDAY): Oppenheimer lifted its $220 target price on the Outperform-rated company to $240. The consensus target of $212.65 is lower than Friday’s closing share price of $216.07, which was up 10% for the day after solid quarterly results were posted.
This week, three top companies with stocks rated Buy across Wall Street are expected to lift the dividends they pay to shareholders, showing that they are doing well and have the earnings and cash flow strength to increase their payouts.
Friday’s top analyst upgrades and downgrades included American Express, Caesars Entertainment, Carnival, Dish Network, DocuSign, Ford, Futu, Microsoft, Mobileye Global, Nvidia, SentinelOne, Snowflake, Vipshop and Walt Disney.
Originally published at 24/7 Wall St.
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