Estee Lauder Companies Inc. (NYSE: EL): Citigroup cut its Buy rating to Hold and its $240 target price to $195. The consensus target is up at $228.90, and Tuesday’s closing print was $175.02.
Gap Inc. (NYSE: GPS): As Barclays upgraded the shares to Overweight from Equal Weight, the $9 target price increased to $13. The consensus target is $10.31. Tuesday’s closing share price was $10.60.
Goldman Sachs Group Inc. (NYSE: GS): The Underweight rating at Atlantic Equities is now at Neutral, and the $330 target price rose to $351. The consensus target is $383.70. The shares closed on Tuesday at $356.69.
MaxLinear Inc. (NYSE: MXL): Loop Capital’s downgrade was from Buy to Hold with a $25 price objective. The consensus target is $34.09 for now. The closing share price on Tuesday was $24.66.
Meta Platforms Inc. (NASDAQ: META): Argus reiterated a Buy rating, and its $353 target price swelled to $375. The consensus target is $361.29. Tuesday’s close was at $323.47.
ResMed Inc. (NYSE: RMD): When RBC Capital Markets upgraded the shares to Outperform from Sector Perform, the analyst also lifted the $262 target price to $284. The consensus target is $259.95, and Tuesday’s close was at $225.55.
Rivian Automotive Inc. (NASDAQ: RIVN): Although Cantor Fitzgerald downgraded the stock to Neutral from Overweight, its $27 target price rose to $29. The consensus target is $25.85. The stock closed on Tuesday at $26.71.
Shopify Inc. (NYSE: SHOP): Scotiabank reiterated a Sector Perform rating and raised its target price to $65 from $60. The consensus target of $64.12 is lower than Tuesday’s close at $67.26.
SoFi Technologies Inc. (NASDAQ: SOFI): Keefe Bruyette’s downgrade to Underperform from Market Perform came with a target price bump to $7 from $5.50. The consensus target is $9.03. The stock closed on Tuesday at $10.45.
Tapestry Inc. (NYSE: TPR): Barclays upgraded the shares to Overweight from Equal Weight. Its $55 target price increased to $60, even greater than the $50.73 consensus target. Tuesday’s closing share price was $42.05.
TechnipFMC PLC (NYSE: FTI): Kepler’s downgrade was from Buy to Hold with a $19.50 target price. The consensus target is $21.20, and shares closed at $17.94 on Tuesday.
Uber Technologies Inc. (NYSE: UBER): BTIG Research reiterated a Buy rating and raised its $42 price target to $51. The consensus target is $52.93. Tuesday’s $46.38 close was down over 6% on the day despite the company reporting its first-ever operating profit.
Valley National Bancorp (NYSE: VLY): Hovde downgraded the stock to Market Perform from Outperform. Its $11 target price still tops the consensus target of $10.90. Shares closed on Tuesday at $9.88.
ZoomInfo Technologies Inc. (NASDAQ: ZI): Deutsche Bank cut its Buy rating to Hold with a $20 target. The consensus target is $32.50. The shares ended Tuesday trading at $18.47.
Artificial intelligence is here to stay, and one top analyst believes that four top semiconductor stocks will be huge winners as demand from big data centers continues to boom.
Tuesday’s top analyst upgrades and downgrades included Adobe, Airbnb, Apple, Capri, Carvana, Chevron, Expedia, GE Healthcare Technologies, Hasbro, Monster Beverage, Nutrien, Salesforce, Tencent Music Entertainment, Valero Energy and Wayfair.
Originally published at 24/7 Wall St.
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