Wednesday’s Top Wall Street Analyst Upgrades and Downgrades: Alibaba, Alphabet, Amazon, Meta, Pinterest, Shopify, Target and More

Alphabet Inc. (NASDAQ: GOOGL): Wedbush initiated coverage with an Outperform rating and a $160 target price. The consensus target is $148.06, and the last trade on Tuesday was reported at $129.08.

Amazon.com Inc. (NASDAQ: AMZN): Wedbush resumed coverage with an Outperform rating. Its $180 target price compares with a consensus target of $169.29 and Tuesday’s close at $134.25.

AppLovin Corp. (NASDAQ: APP): When Jefferies upgraded the shares to Buy from Hold, its price target jumped to $50 from $20. The consensus target is $40.18 for now. The stock closed Tuesday’s session at $39.48. The company crushed earnings estimates last week, and there is big potential for the company’s updated AI engine.

Cognizant Technology Solutions Corp. (NASDAQ: CTSH): J.P. Morgan’s upgrade to Neutral from Underweight included a target price hike to $77 from $72. The consensus target is $70.56. On Tuesday, shares closed at $69.51.

Edison International (NYSE: EIX): The Mizuho upgrade was to Buy from Neutral, and the analyst bumped the $73 target price to $75. The consensus target is $74.82. Tuesday’s close was at $69.59.

Emerson Electric Co. (NYSE: EMR): As J.P. Morgan upgraded the stock to Overweight from Neutral, its $83 target price increased to $107. The consensus target is $107.38, and the shares closed on Tuesday at $96.10.

Fabrinet (NYSE: FN): Needham reiterated a Buy rating and boosted its price target to $165 from $150. The consensus target is $135.60 for the time being. Tuesday’s $153.83 close was up a stunning 32% on the day, after the company reported outstanding earnings.

Gulfport Energy Corp. (NYSE: GPOR): BofA Securities started coverage with a Buy rating and a target price of $155. The consensus target is $137.67. The shares were last seen on Tuesday trading at $110.86.

GXO Logistics Inc. (NYSE: GXO): UBS initiated coverage with a Buy rating and a $74 target price. The consensus target is $72.53. The stock closed on Tuesday at $61.52.

Hasbro Inc. (NASDAQ: HAS): BofA Securities reiterated a Buy rating and lifted its target price to $90 from $85. The consensus target is $78.50. Tuesday’s close at $67.71 was up almost 7% for the day.

Iron Mountain Inc. (NYSE: IRM): RBC Capital Markets upgraded the stock to Outperform from Sector Perform, and the analyst raised the $58 target price to $68. That compares with a $62.75 consensus target and Tuesday’s closing share price of $59.53.

Jefferies Financial Group Inc. (NYSE: JEF): Goldman Sachs raised its Market Neutral rating to Buy and its $37 price target to $40. The consensus target is $37.33. The stock closed on Tuesday at $34.25.

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.