Wall Street Analyst Ratings: A Week of Upgraded, Downgraded, and Maintained Targets
The stock market is constantly in motion, and Wall Street analysts are always watching, adjusting their outlooks, and issuing new recommendations. This week saw a flurry of analyst rating changes, impacting several prominent companies across various sectors. From technology and energy to financial services and automotive, investors are eager to understand how these changes might influence stock prices.
ServiceNow, Inc. (NOW)
Baird analyst Rob Oliver maintained an Outperform rating for ServiceNow but boosted the price target from $900 to $975. This optimistic view reflects a positive outlook on the company’s future performance. ServiceNow shares closed at $907.68 on Wednesday.
Rocket Lab USA, Inc. (RKLB)
Keybanc analyst Michael Leshock kept an Overweight rating for Rocket Lab, but raised the price target from $11 to $12. This suggests a belief that the company’s growth prospects are strong. Rocket Lab shares closed at $10.91 on Wednesday.
Synopsys, Inc. (SNPS)
Piper Sandler analyst Clarke Jeffries maintained an Overweight rating for Synopsys but lowered the price target from $687 to $670. This indicates a slightly more cautious stance on the company’s near-term performance. Synopsys shares closed at $493.41 on Wednesday.
DBV Technologies S.A. (DBVT)
HC Wainwright & Co. analyst Andrew Fein maintained a Buy rating for DBV Technologies and increased the price target from $5 to $7. This positive rating reflects a belief in the company’s long-term potential. DBV Technologies shares settled at $0.6801 on Wednesday.
Teledyne Technologies Incorporated (TDY)
Needham analyst James Ricchiuti maintained a Buy rating for Teledyne Technologies and increased the price target from $482 to $528. This positive rating reflects a belief in the company’s long-term potential. Teledyne Technologies shares closed at $470.09 on Wednesday.
NextEra Energy Partners, LP (NEP)
JP Morgan analyst Mark Strouse upgraded NextEra Energy from Underweight to Neutral and lowered the price target from $25 to $22. NextEra Energy shares closed at $21.01 on Wednesday.
CoStar Group, Inc. (CSGP)
BMO Capital analyst Jeffrey Silber maintained a Market Perform rating for CoStar Group, but lowered the price target from $78 to $75. CoStar shares settled at $72.82 on Wednesday.
Amphenol Corporation (APH)
B of A Securities analyst Wamsi Mohan maintained a Neutral rating for Amphenol Corporation and raised the price target from $70 to $74. Amphenol shares closed at $68.47 on Wednesday.
Tesla, Inc. (TSLA)
B of A Securities analyst John Murphy maintained a Buy rating for Tesla, Inc. and raised the price target from $255 to $265. Tesla shares closed at $213.65 on Wednesday.
East West Bancorp, Inc. (EWBC)
Stephens & Co. analyst Andrew Terrell maintained an Overweight rating for East West Bancorp and increased the price target from $91 to $104. East West Bancorp shares closed at $95.63 on Wednesday.
Stay Informed with Analyst Ratings Changes
Analyst ratings changes are an important part of the stock market landscape. By staying informed about these shifts in sentiment, investors can gain valuable insights into potential opportunities and risks. It is essential to note that these ratings are just one piece of the puzzle when making investment decisions. Conduct thorough research and consider multiple factors before making any investment choices.
