The Wall Street landscape is in constant flux, and recent analyst rating changes are a testament to this dynamic. Here’s a look at the key adjustments impacting some of the most prominent names in the market:
Q2 Holdings, Inc. (QTWO):
Citigroup analyst Andrew Schmidt downgraded the rating for Q2 Holdings from Buy to Neutral while simultaneously increasing the price target from $72 to $90. This move suggests a more cautious outlook on the company’s future performance, even as the price target increase indicates a potential for value growth. Q2 Holdings shares closed at $80.42 on Thursday.Zuora, Inc. (ZUO):
Lake Street analyst Jacob Stephan downgraded Zuora from Buy to Hold and set a $10 price target. This downgrade reflects a shift in sentiment, with analysts likely seeing less potential for upside growth in the near term. Zuora shares closed at $9.42 on Thursday.
T-Mobile US, Inc. (TMUS):
Scotiabank analyst Maher Yaghi downgraded T-Mobile US from Sector Outperform to Sector Perform but increased the price target from $215.5 to $236. While the downgrade suggests a less bullish outlook, the increased price target indicates that analysts still see potential for value growth. T-Mobile US shares closed at $219.76 on Thursday.
Old Dominion Freight Line (ODFL):
BMO Capital analyst Fadi Chamoun downgraded Old Dominion from Outperform to Market Perform, reducing the price target from $214 to $210. This downgrade reflects a more tempered outlook on the company’s future performance, with analysts possibly seeing a more challenging environment for the freight industry. Old Dominion shares closed at $203.49 on Thursday.
Boston Scientific Corporation (BSX):
Needham analyst Mike Matson downgraded Boston Scientific from Buy to Hold while maintaining the price target of $86. This downgrade indicates a shift in sentiment towards a more neutral stance on the company’s future. Boston Scientific shares closed at $87.00 on Thursday.These analyst rating changes highlight the dynamic nature of the stock market and the constant evaluation of companies by experts. Investors should carefully consider these changes and conduct their own research before making any investment decisions. For a comprehensive view of all analyst rating changes, including upgrades and downgrades, please visit our dedicated analyst ratings page.