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

Meta Platforms Inc. (NASDAQ: META): Wedbush initiated coverage with an Outperform rating and a $350 target price. The consensus target is $363.26. The shares close at $287.60 on Tuesday.

Pinnacle West Capital Corp. (NYSE: PNW): Mizuho’s upgrade to Buy from Neutral came with a price target hike to $85 from $75. The consensus target is $76.80. Tuesday’s closing trade came in at $78.75.

Pinterest Inc. (NYSE: PINS): Wedbush began coverage with an Outperform rating and a $30 target price. The consensus target is $31.91. On Tuesday, shares closed at $26.98.

Sea Ltd. (NYSE: SE): Wedbush started coverage with an Outperform rating and a $48 target price. The consensus target is way up at $75.56. Tuesday’s close was at $36.51.

Shift4 Payments Inc. (NYSE: FOUR): Raymond James boosted its Market Perform rating to Outperform, but its $74 target price is less than the consensus target of $83.56. The shares closed on Tuesday at $54.89.

Shopify Inc. (NYSE: SHOP): Wedbush started coverage with an Outperform rating and a $62 target price. The consensus target is up at $66.51, but Tuesday’s close was at $53.97.

Target Corp. (NYSE: TGT): Daiwa Securities downgraded the shares from Outperform to Neutral with a $134 target price. The consensus target is set higher for now at $152.82. The stock closed on Tuesday at $124.96. That was down almost 3% for the day after some brutal results across the retail sector.

Trip Advisor Inc. (NASDAQ: TRIP): Wedbush initiated coverage with an Outperform rating and a $17 target price. The consensus target is $18.55. Tuesday’s final share price was $15.24.

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Tuesday’s top analyst upgrades and downgrades included Applied Materials, Bill, Catalyst Pharmaceutical, CVS Health, Elastic, Hawaiian Electric Industries and Walmart.

Originally published at 24/7 Wall St.

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