🌎 Lumen Technologies Upgraded, CrowdStrike Upgraded, The Carlyle Group Downgraded and more…

🌎 Lumen Technologies Upgraded, CrowdStrike Upgraded, The Carlyle Group…

August 6, 2024
by RJ Hamster

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August 6th, 2024

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Today’s Top Stories

Uber’s Earnings Beat: Rideshare and Delivery Surge

What are carry trades and how did they contribute to this week’s global market mayhem?

Trading options? Avoid this mistake (WealthPress)

Hims & Hers Reports Stellar Quarter: Stock Set for a Rally

Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices

Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance

Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar

President Reagan’s Final Warning (Behind the Markets)

Palantir Stock Surges After Strong Earnings: Is $30 Too Low?

Japan’s benchmark Nikkei 225 index soars more than 10% after plunging a day earlier

There is a Big Opportunity in Microchip Technology’s Sell-Off

How major US stock indexes fared Monday, 8/5/2024

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Apple Inc. (AAPL)
Amazon.com, Inc. (AMZN)
- CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
- (8/6) Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought (fool.com)
- (8/6) A Large Cap Cheat Sheet as Tech Eyes Correction (schaeffersresearch.com)
- (8/6) LIVE: Amazon India country head Manish Tiwary has left the e-commerce firm, claims report (business-standard.com)
- (8/6) Amazon’s India chief resigns amid intensifying competition (techcrunch.com)
- (8/6) Amazon-Backed AI Start-Up Recruits OpenAI Founder. What It Means for Microsoft. (barrons.com)
- (8/6) Rate Cuts Incoming? These 7 Stocks Could Skyrocket (investorplace.com)
- (8/6) Amazon: The Recent Dip Presents a Strategic Buy Opportunity (fxempire.com)
- (8/6) Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 3,500 Shares (insidertrades.com)
- (8/6) Microsoft Is Catching Amazon in 1 Critical Area of the Artificial Intelligence (AI) Race (fool.com)
- (8/6) O Shaughnessy Asset Management LLC Acquires 133,471 Shares of Amazon.com, Inc. (NASDAQ:AMZN) (marketbeat.com)
Alphabet Inc. (GOOGL)
- Alphabet (NASDAQ:GOOGL) had its “buy” rating reaffirmed by analysts at Needham & Company LLC ( ). They now have a $210.00 price target on the stock. This represents a 33.8% upside from the current price of $156.97.
- (8/6) A Large Cap Cheat Sheet as Tech Eyes Correction (schaeffersresearch.com)
- (8/6) Apple’s shift to AI is poised to soften blow from Google ruling (techxplore.com)
- (8/6) Apple wants to rewire search with AI — and that may help cut the Google cord (businessinsider.com)
- (8/6) Apple Stock Slips, Microsoft Gains. What Google’s Antitrust Loss Means for Big Tech. (barrons.com)
- (8/6) Google Loses Antitrust Case. Judge Says It’s a ‘Monopolist. (barrons.com)
- (8/6) 3 Quantum Computing Stocks with Long-Term Growth Potential (investorplace.com)
- (8/6) Google’s Antitrust Loss Set to Reshape Search and Mobile Industries (wsj.com)
- (8/6) Westwood Holdings Group Inc. Sells 40,875 Shares of Alphabet Inc. (NASDAQ:GOOGL) (marketbeat.com)
- (8/6) How the Google Antitrust Ruling May Influence Tech Competition (nytimes.com)
- (8/6) US judge rules Google is monopoly in key anti-trust case (techxplore.com)
Meta Platforms, Inc. (META)
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Loop Capital ( ) from $550.00 to $575.00. They now have a “buy” rating on the stock. This represents a 15.6% upside from the current price of $497.52.
- COO Javier Olivan sold 412 shares of Meta Platforms stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $521.48, for a total transaction of $214,849.76. Following the sale, the chief operating officer now directly owns 5,147 shares in the company, valued at approximately $2,684,057.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
- CEO Mark Zuckerberg sold 150 shares of Meta Platforms stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.49, for a total transaction of $75,073.50. Following the transaction, the chief executive officer now owns 124,387 shares in the company, valued at $62,254,449.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
- (8/6) Meta Platforms (NASDAQ:META) Price Target Raised to $575.00 at Loop Capital (marketbeat.com)
- (8/6) Is Meta Platforms (META) Outperforming Other Computer and Technology Stocks This Year? (zacks.com)
- (8/6) Wall Street Analysts Think Meta Platforms (META) Is a Good Investment: Is It? (zacks.com)
- (8/6) A Large Cap Cheat Sheet as Tech Eyes Correction (schaeffersresearch.com)
- (8/6) Meta Platforms, Inc. (NASDAQ:META) CEO Sells $75,073.50 in Stock (insidertrades.com)
- (8/6) The 7 Best Dividend Growth Stocks to Buy in August 2024 (investorplace.com)
- (8/5) Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 150 Shares (marketbeat.com)
- (8/5) Meta: Fighting Recession Fears With AI (seekingalpha.com)
- (8/5) Meta apologises for removal of Malaysian PM’s posts on Hamas leader (reuters.com)
- (8/5) What’s Next in the U.S. Antitrust Cases Against Amazon, Apple, Google and Meta (nytimes.com)
Microsoft Co. (MSFT)

Analysts’ Upgrades

Apollo Global Management (NYSE:APO) was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $123.00 price target on the stock, down previously from $124.00. This represents a 17.8% upside from the current price of $104.45.
argenx (NASDAQ:ARGX) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.The current price is $489.61.
Axsome Therapeutics (NASDAQ:AXSM) was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $106.00 price target on the stock, up previously from $95.00. This represents a 24.8% upside from the current price of $84.92.
Cadence Design Systems (NASDAQ:CDNS) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $318.00 price target on the stock. This represents a 24.2% upside from the current price of $256.14.
Chegg (NYSE:CHGG) was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating.The current price is $2.21.
Criteo (NASDAQ:CRTO) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $58.00 price target on the stock, up previously from $43.00. This represents a 32.7% upside from the current price of $43.71.
CrowdStrike (NASDAQ:CRWD) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $290.00 price target on the stock, down previously from $310.00. This represents a 27.1% upside from the current price of $228.11.
Eastern Bankshares (NASDAQ:EBC) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $18.50 price target on the stock, up previously from $14.00. This represents a 22.8% upside from the current price of $15.07.
Lucid Group (NASDAQ:LCID) was upgraded by analysts at Cantor Fitzgerald from an “underweight” rating to a “neutral” rating. They now have a $4.00 price target on the stock. This represents a 29.9% upside from the current price of $3.08.
Lumen Technologies (NYSE:LUMN) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $3.15 price target on the stock, up previously from $1.25. This represents a 37.1% downside from the current price of $5.01.
National CineMedia (NASDAQ:NCMI) was upgraded by analysts at Barrington Research from a “market perform” rating to an “outperform” rating. They now have a $7.50 price target on the stock. This represents a 20.4% upside from the current price of $6.23.
NVIDIA (NASDAQ:NVDA) was upgraded by analysts at New Street Research from a “neutral” rating to a “buy” rating. They now have a $120.00 price target on the stock. This represents a 14.6% upside from the current price of $104.73.
Sonic Automotive (NYSE:SAH) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $63.00 price target on the stock, up previously from $58.00. This represents a 7.1% upside from the current price of $58.85.
Telecom Argentina (NYSE:TEO) was upgraded by analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating.The current price is $6.00.
Yum China (NYSE:YUMC) was upgraded by analysts at Macquarie from an “underperform” rating to an “outperform” rating. They now have a $37.40 price target on the stock, up previously from $30.00. This represents a 11.9% upside from the current price of $33.42.
View today’s most recent analysts’ upgrades at MarketBeat.com

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Analysts’ Downgrades

American Electric Power (NASDAQ:AEP) was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $97.00 price target on the stock, up previously from $96.00. This represents a 1.3% downside from the current price of $98.32.
Akoya Biosciences (NASDAQ:AKYA) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.The current price is $2.00.
Akoya Biosciences (NASDAQ:AKYA) was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.The current price is $2.00.
Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.The current price is $40.57.
The Carlyle Group (NASDAQ:CG) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $44.00 price target on the stock, down previously from $46.00. This represents a 10.0% upside from the current price of $40.01.
Chunghwa Telecom (NYSE:CHT) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.The current price is $37.35.
Haleon (NYSE:HLN) was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating.The current price is $9.49.
PLAYSTUDIOS (NASDAQ:MYPS) was downgraded by analysts at Benchmark Co. from a “buy” rating to a “hold” rating.The current price is $1.63.
PLAYSTUDIOS (NASDAQ:MYPS) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $2.00 price target on the stock, down previously from $4.00. This represents a 22.5% upside from the current price of $1.63.
Theravance Biopharma (NASDAQ:TBPH) was downgraded by analysts at SVB Leerink LLC from an “outperform” rating to a “market perform” rating. They now have a $10.00 price target on the stock, down previously from $15.00. This represents a 25.2% upside from the current price of $7.99.
Teradata (NYSE:TDC) was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.The current price is $24.79.
TELUS International (Cda) (NYSE:TIXT) was downgraded by analysts at CIBC from a “sector outperform” rating to a “neutral” rating.The current price is $3.00.
TELUS International (Cda) (NYSE:TIXT) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $3.75 price target on the stock, down previously from $10.00. This represents a 25.0% upside from the current price of $3.00.
ZoomInfo Technologies (NASDAQ:ZI) was downgraded by analysts at Bank of America Co. from a “buy” rating to an “underperform” rating. They now have a $8.00 price target on the stock, down previously from $23.00. This represents a 0.9% upside from the current price of $7.93.
ZoomInfo Technologies (NASDAQ:ZI) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $9.50 price target on the stock, down previously from $20.00. This represents a 19.8% upside from the current price of $7.93.
ZoomInfo Technologies (NASDAQ:ZI) was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.The current price is $7.93.
ZoomInfo Technologies (NASDAQ:ZI) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.The current price is $7.93.
View today’s most recent analysts’ downgrades at MarketBeat.com

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Analysts’ New Coverage

Aspen Aerogels (NYSE:ASPN) is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $27.00 price target on the stock. This represents a 36.3% upside from the current price of $19.81.
Cedar Fair (NYSE:FUN) is now covered by analysts at JPMorgan Chase & Co.. They set an “underweight” rating and a $50.00 price target on the stock. This represents a 13.9% upside from the current price of $43.89.
GE HealthCare Technologies (NASDAQ:GEHC) is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $100.00 price target on the stock. This represents a 21.7% upside from the current price of $82.18.
Haleon (NYSE:HLN) is now covered by analysts at Berenberg Bank. They set a “buy” rating on the stock.The current price is $9.49.
Horace Mann Educators (NYSE:HMN) is now covered by analysts at Raymond James. They set a “strong-buy” rating and a $42.00 price target on the stock. This represents a 25.6% upside from the current price of $33.44.
Honest (NASDAQ:HNST) is now covered by analysts at Northland Securities. They set an “outperform” rating and a $6.00 price target on the stock. This represents a 78.6% upside from the current price of $3.36.
Cartesian Therapeutics (NASDAQ:RNAC) is now covered by analysts at TD Cowen. They set a “buy” rating on the stock.The current price is $14.49.
View today’s most recent analysts’ new coverage at MarketBeat.com

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🌎 Lumen Technologies Upgraded, CrowdStrike Upgraded, The Carlyle Group Downgraded and more…

🌎 Lumen Technologies Upgraded, CrowdStrike Upgraded, The Carlyle Group…

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