Wall Street Analyst Upgrades and Downgrades: Key Stock Moves

Wall Street analysts are constantly evaluating companies and adjusting their price targets and ratings. This week, we saw several significant changes in outlook for a variety of companies, offering investors a glimpse into the current market sentiment.

Small Cap Consumer Research

raised their price target for

JAKKS Pacific, Inc. (JAKK)

from $24 to $30, maintaining a Buy rating. Despite the analyst’s optimism, JAKKS Pacific shares dipped 1% on Friday, closing at $25.88.

TD Cowen

also showed bullish sentiment, increasing their price target for

CAVA Group, Inc. (CAVA)

from $115 to $130, while maintaining a Buy rating. CAVA shares rose 2.9% on Friday, closing at $128.79.

Keybanc

boosted their price target for

CrowdStrike Holdings, Inc. (CRWD)

from $300 to $345, maintaining an Overweight rating. This positive outlook drove CrowdStrike shares up 8.1% on Friday, closing at $299.85.

Deutsche Bank

upgraded

The Bank of New York Mellon Corporation (BK)

from Hold to Buy, raising their price target from $66 to $80. The upgrade resulted in a slight gain of 0.1% for Bank of New York Mellon shares, closing at $71.82 on Friday.

Benchmark

raised their price target for

Sinclair, Inc. (SBGI)

from $29 to $30, maintaining a Buy rating. Sinclair shares gained 4.3% on Friday, closing at $14.67.

Piper Sandler

upgraded

Wix.com Ltd. (WIX)

from Neutral to Overweight, increasing their price target from $184 to $200. However, Wix.com shares closed down 0.3% at $160.64 on Friday.

Baird

maintained an Outperform rating for

Apellis Pharmaceuticals, Inc. (APLS)

but slashed their price target from $96 to $92. This downgrade caused Apellis Pharmaceuticals shares to drop 11.5% on Friday, closing at $32.51.

Deutsche Bank

maintained a Buy rating for

PayPal Holdings, Inc. (PYPL)

but boosted their price target from $74 to $94. Despite the positive outlook, PayPal shares dipped 1% on Friday, closing at $76.76.

Baird

maintained an Outperform rating for

Fiserv, Inc. (FI)

, increasing their price target from $186 to $200. However, Fiserv shares closed down 0.7% at $177.61 on Friday.

Loop Capital

maintained a Hold rating for

FedEx Corporation (FDX)

but slashed their price target from $317 to $288. The downgrade resulted in a significant dip of 15.2% for FedEx shares, closing at $254.64 on Friday.

This overview provides a snapshot of the recent analyst activity across various sectors. Investors should always conduct their own thorough research before making any investment decisions, taking into account the company’s financial performance, industry trends, and broader market conditions.