The most talked about and market-moving research calls on Wall Street are now in one place. Here are today’s research calls that investors need to know, compiled by The Fly.
Top 5 upgrades:
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Susquehanna upgraded PayPal (PYPL) from Neutral to Positive with an unchanged price target of $71. The company calls the rating upgrade after the stock’s significant recent decline.
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Seaport Research upgraded bank of america (BAC) to buy from neutral with a price target of $48. The company says recent management guidance implies that the bank’s loan book is improving in revenue, with potential for further upside as cash flow hedges on commercial and industrial loans mature.
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Piper Sandler Upgraded Atlassian (TEAM) from Neutral to Overweight with a price target of $225, up from $200. With the shares down to eight times estimated 2025 revenue, Atlassian’s risk/reward has become favorable, the company told investors in a research note
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JPMorgan Upgraded Head of Finance (PFG) from Underweight to Neutral with a price target of $96, up from $88. The upgrade is driven by the company’s “superior” business mix, an expected improvement in asset management flows and the stock’s significant underperformance, the firm said.
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Raymond James is more optimistic about the name and has upgraded Comerica (CMA) outperforms Market Perform with a price target of $60.
Top 5 downgrades:
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Piper Sandler lowered Public strike (CRWD) from Overweight to Neutral with an unchanged price target of $400. The firm remains “excited” about the company’s next move, and sees “plenty of incremental growth opportunities,” but believes the risk/reward on Crowdstrike shares is less favorable at this time given the strong run.
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Seaport Research downgraded Goldman Sachs (GS) moves to Neutral from Buy with no price target. This tells investors that the downgrade is primarily driven by valuation following a significant rally in the stock.
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Citi double down Shoals Technologies Shoals Corp. (SHLS) to sell from buy with a price target of $5, down from $15, after analyzing potential outcomes ahead of the upcoming initial determination of the company’s patent infringement case against Voltage. The Commission Investigative Staff’s view of the matter “skews the odds significantly against” Shoals, the company told investors in a research note.
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UBS lowered Clean storage (PSTG) to sell from neutral with a price target of $47, up from $44. The firm sees an unfavorable risk/reward for the shares given the company’s slowing growth and declining market share.
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UBS lowered Fiver (FVRR) to Neutral from Buy with a $25 price target, down from $37, after another analyst at the firm took over coverage of the name. UBS sees a more balanced risk/reward given more subdued revenue and gross trading volume growth in the near term.
Top 5 Initiations:
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Redburn Atlantic has reported on the GE Vernova (GEV) with a Neutral rating and a price target of $178. The company believes GE Vernova is fairly valued.
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Goldman Sachs has started reporting on Roadster (WAY) with a Buy rating and a $32 price target. The firm believes Waystar’s “comprehensive” technology platform, which addresses multiple points in the healthcare revenue cycle, is unique in a market dominated by point-solution technology providers, manual processes and healthcare IT services companies. JPMorgan, Evercore ISI, BofA, William Blair, Raymond James, Barclays, RBC Capital, Deutsche Bank and Canaccord also initiated coverage on the name with Buy-equivalent ratings.
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Jefferies started reporting on Therapeutics Report (RAPP) with a Buy rating and a $35 price target. The firm believes the business can disrupt the treatment paradigm of several $1 billion-plus central nervous system disorders, starting with epilepsy. Stifel and TD Cowen also initiated coverage on the stock with Buy-equivalent ratings.
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Barclays has coverage for Viking Holdings (VIK) with an Overweight rating and a $39 price target. The firm sees Viking as a “unique growth asset in an attractive sector.”
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Stifel initiated the reporting about Life360 (LIF) with a Buy rating and a $37 price target. The company sees Life360 as a “highly differentiated” product focused on keeping families, pets and things safe.
