Wall Street analysts have recently issued a series of upgrades and downgrades for several companies. Baird has upgraded Micron to Outperform with a price target of $150. Morgan Stanley also upgraded Micron to Equalweight with a $130 price target, acknowledging their previous negative stance on Micron was a misstep and underestimating the importance of High-Bandwidth Memory (HBM) to the narrative [aeb4965a]. Wolfe has upgraded Insulet to Outperform with a price target of $200. Goldman has downgraded ZoomInfo to Sell with a price target of $12. Raymond James has upgraded Cheesecake Factory to Outperform with a price target of $42. BofA Securities has upgraded Bumble to Buy with a price target of $14. RBC Capital has upgraded GoodRx Holdings Inc to Outperform with a $10 price target, believing that GoodRx's recent initiatives provide new growth opportunities [aeb4965a]. BofA Securities has also upgraded Magnite to Buy with a $15 price target, expressing confidence in Magnite's trajectory to ascend as the premier supply-side technology solution in CTV advertising [aeb4965a].
Citi has upgraded Dupont to Buy with a price target of $95. Dupont shares rose approximately 3% following the announcement [1fc5ed7d]. BofA has upgraded Datadog to Buy with a $155 price target. Datadog opened the regular session at $123.38 and closed at $117.45 [1fc5ed7d]. JPMorgan has upgraded NetApp to Neutral with a $125 price target. NetApp opened the regular session at $119.75 and closed at $120.43 [1fc5ed7d].
These calls reflect the analysts' assessments of the companies' performance and growth prospects. The upgrades indicate a positive outlook for Micron, Insulet, Cheesecake Factory, Bumble, GoodRx Holdings, Magnite, Dupont, Datadog, and NetApp, while the downgrade suggests concerns about ZoomInfo's future performance. Investors will likely take these calls into consideration when making investment decisions.
It is important to note that these calls are based on the analysts' opinions and projections, and investors should conduct their own research and analysis before making any investment decisions.
Overall, these recent upgrades and downgrades highlight the dynamic nature of the stock market and the continuous evaluation of companies by analysts.