🌎 Enphase Energy Downgraded, Cisco Systems Upgraded, Autodesk Initiated and more…

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5 hours ago

Ratings changes for Cisco Systems, Enphase Energy, Autodesk, Amazon.com, Applied Digital, QUALCOMM, Piedmont Lithium and more…Text “MarketBeat” to 68285 to get SMS breaking news alerts for stocks on your watchlist and other special reports. Learn More.

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OCTOBER 16TH, 2024

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MANAGE YOUR WATCHLIST AND MONITOR YOUR PORTFOLIO

Apple Inc. (AAPL)

(10/16) Apple could lose a third of Google revenue by 2028 from antitrust case: Jefferies (msn.com)
(10/16) Wall Street expert reveals three companies to hit $4 trillion in 2025 (finbold.com)
(10/16) Watch These Apple Price Levels as Stock Trades Near Record High (investopedia.com)
(10/16) Citigroup Faces Growing Troubles: Could the Industry Be at Risk? (AAPL) (marketbeat.com)
(10/16) $1M bet ChatGPT won’t lead to AGI, Apple’s intelligent AI use, AI millionaires surge: AI Eye (247cryptonews.com)

Amazon.com, Inc. (AMZN)

Amazon.com (NASDAQ:AMZN) had its price target raised by analysts at Loop Capital ( ) from $750.00 to $800.00. They now have a “buy” rating on the stock. This represents a 328.3% upside from the current price of $186.78.
(10/16) Amazon is investing over $500 million in nuclear power—here’s why (invezz.com)
(10/16) Is Amazon.com, Inc. (AMZN) the Best Internet Content Stock to Buy? (msn.com)
(10/16) Is Amazon.com, Inc. (AMZN) the Best High Growth NASDAQ Stock That is Profitable in 2024? (msn.com)
(10/16) Amazon is investing over $500 million in nuclear power—here’s why (invezz.com)
(10/16) Amazon joins the tech giants investing in nuclear to power AI data (proactiveinvestors.com)

Alphabet Inc. (GOOGL)

Alphabet (NASDAQ:GOOGL) had its price target raised by analysts at Truist Financial Co. ( ) from $196.00 to $220.00. They now have a “buy” rating on the stock. This represents a 33.2% upside from the current price of $165.19.
CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the sale, the chief accounting officer now owns 26,349 shares in the company, valued at $4,406,343.27. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $164.95, for a total value of $247,425.00. Following the completion of the transaction, the director now directly owns 26,324 shares of the company’s stock, valued at approximately $4,342,143.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
(10/16) Alphabet (NASDAQ:GOOGL) Price Target Increased to $220.00 by Analysts at Truist Financial (marketbeat.com)
(10/16) The Best Robotaxi Stock to Buy Now (Hint: Not Tesla) (fool.com)
(10/16) 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $600 Right Now (fool.com)
(10/16) Over 20% of Billionaire Bill Ackman’s Portfolio Is Invested in This Artificial Intelligence (AI) Stock — and Wall Street Thinks It Will Soar More Than 20% (fool.com)
(10/16) Amie Thuener O’toole Sells 2,834 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock (americanbankingnews.com)

Meta Platforms, Inc. (META)

COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $584.83, for a total transaction of $241,534.79. Following the completion of the sale, the chief operating officer now directly owns 11,533 shares of the company’s stock, valued at approximately $6,744,844.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
(10/16) Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Asset Dedication LLC (marketbeat.com)
(10/16) Stock-Split Watch: 3 Unbeatable Tech Stocks That Look Ready to Split (fool.com)
(10/16) Insider Selling: Meta Platforms, Inc. (NASDAQ:META) COO Sells 413 Shares of Stock (insidertrades.com)
(10/16) Should You Buy Meta Stock Before Oct. 30? (fool.com)
(10/15) Meta Platforms, Inc. (NASDAQ:META) COO Sells $241,534.79 in Stock (marketbeat.com)

Microsoft Co. (MSFT)

(10/16) Wall Street expert reveals three companies to hit $4 trillion in 2025 (finbold.com)
(10/16) Maximize your dev budget with Microsoft Visual Studio Professional (financialpost.com)
(10/16) Zafin Strengthens Collaboration with Microsoft, Advancing Bank Modernization with Azure AI (financialpost.com)
(10/16) 3 Election Momentum Stocks You Might Have Missed (MSFT) (marketbeat.com)
(10/16) DDD Partners LLC Has $75.81 Million Position in Microsoft Co. (NASDAQ:MSFT) (marketbeat.com)

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Analysts’ Upgrades

Cognex (NASDAQ:CGNX) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $55.00 price target on the stock, up previously from $45.00. This represents a 35.7% upside from the current price of $40.52.

Cisco Systems (NASDAQ:CSCO) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $62.00 price target on the stock, up previously from $52.00. This represents a 11.8% upside from the current price of $55.45.

Corteva (NYSE:CTVA) was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $67.00 price target on the stock, up previously from $59.00. This represents a 13.9% upside from the current price of $58.81.

W.W. Grainger (NYSE:GWW) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $1,230.00 price target on the stock, up previously from $975.00. This represents a 10.8% upside from the current price of $1,110.41.

NovoCure (NASDAQ:NVCR) was upgraded by analysts at HC Wainwright from a “neutral” rating to a “buy” rating. They now have a $30.00 price target on the stock, up previously from $24.00. This represents a 67.2% upside from the current price of $17.94.

Universal Health Services (NYSE:UHS) was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $283.00 price target on the stock, up previously from $220.00. This represents a 18.7% upside from the current price of $238.38.

WESCO International (NYSE:WCC) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $550.00 price target on the stock, up previously from $522.00. This represents a 207.6% upside from the current price of $178.80.

Westlake (NYSE:WLK) was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $159.00 price target on the stock, up previously from $151.00. This represents a 11.0% upside from the current price of $143.21.

VIEW MORE UPGRADES

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Analysts’ Downgrades

Carrier Global (NYSE:CARR) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $85.00 price target on the stock, up previously from $75.00. This represents a 4.2% upside from the current price of $81.54.

CF Industries (NYSE:CF) was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $83.00 price target on the stock. This represents a 2.2% downside from the current price of $84.88.

Estée Lauder Companies (NYSE:EL) was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $100.00 price target on the stock. This represents a 10.3% upside from the current price of $90.63.

Eastman Chemical (NYSE:EMN) was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $119.00 price target on the stock, up previously from $114.00. This represents a 8.2% upside from the current price of $109.98.

Emerson Electric (NYSE:EMR) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $120.00 price target on the stock, down previously from $135.00. This represents a 8.5% upside from the current price of $110.64.

Enphase Energy (NASDAQ:ENPH) was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $104.00 price target on the stock, down previously from $147.00. This represents a 13.2% upside from the current price of $91.89.

Hawkins (NASDAQ:HWKN) was downgraded by analysts at BWS Financial from a “buy” rating to a “neutral” rating.The current price is $134.42.

L’Oréal (OTCMKTS:LRLCY) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating.The current price is $81.15.

Omnicom Group (NYSE:OMC) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $110.00 price target on the stock, up previously from $106.00. This represents a 4.6% upside from the current price of $105.14.

Piedmont Lithium (NASDAQ:PLL) was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $7.80 price target on the stock. This represents a 39.3% downside from the current price of $12.85.

Sitio Royalties (NYSE:STR) was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.The current price is $23.10.

Yum! Brands (NYSE:YUM) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $145.00 price target on the stock, down previously from $156.00. This represents a 9.1% upside from the current price of $132.92.

VIEW MORE DOWNGRADES

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Analysts’ New Coverage

Autodesk (NASDAQ:ADSK) is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $340.00 price target on the stock. This represents a 18.5% upside from the current price of $286.93.

Agios Pharmaceuticals (NASDAQ:AGIO) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $51.00 price target on the stock. This represents a 19.3% upside from the current price of $42.74.

Alnylam Pharmaceuticals (NASDAQ:ALNY) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $295.73.

Apellis Pharmaceuticals (NASDAQ:APLS) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $27.50.

Apellis Pharmaceuticals (NASDAQ:APLS) is now covered by analysts at William Blair. They set an “outperform” rating on the stock.The current price is $27.50.

Antero Resources (NYSE:AR) is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $33.00 price target on the stock. This represents a 20.6% upside from the current price of $27.37.

Asure Software (NASDAQ:ASUR) is now covered by analysts at Stephens. They set an “overweight” rating and a $13.00 price target on the stock. This represents a 43.3% upside from the current price of $9.07.

BridgeBio Pharma (NASDAQ:BBIO) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $44.00 price target on the stock. This represents a 68.2% upside from the current price of $26.16.

Beam Therapeutics (NASDAQ:BEAM) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $24.00 price target on the stock. This represents a 12.2% downside from the current price of $27.33.

Burke & Herbert Financial Services (NASDAQ:BHRB) is now covered by analysts at DA Davidson. They set a “buy” rating and a $76.00 price target on the stock. This represents a 19.9% upside from the current price of $63.41.

Brookdale Senior Living (NYSE:BKD) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $8.00 price target on the stock. This represents a 18.7% upside from the current price of $6.74.

Benitec Biopharma (NASDAQ:BNTC) is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $35.00 price target on the stock. This represents a 240.1% upside from the current price of $10.29.

Maplebear (NASDAQ:CART) is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $43.00 price target on the stock. This represents a 2.7% upside from the current price of $41.85.

Chord Energy (NASDAQ:CHRD) is now covered by analysts at UBS Group AG. They set a “buy” rating and a $168.00 price target on the stock. This represents a 31.2% upside from the current price of $128.07.

Civitas Resources (NYSE:CIVI) is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $60.00 price target on the stock. This represents a 19.5% upside from the current price of $50.23.

California Resources (NYSE:CRC) is now covered by analysts at UBS Group AG. They set a “buy” rating and a $68.00 price target on the stock. This represents a 29.2% upside from the current price of $52.64.

Walt Disney (NYSE:DIS) is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $95.00 price target on the stock. This represents a 0.7% downside from the current price of $95.67.

EyePoint Pharmaceuticals (NASDAQ:EYPT) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $10.65.

Freshworks (NASDAQ:FRSH) is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $11.00 price target on the stock. This represents a 2.5% downside from the current price of $11.28.

Geron (NASDAQ:GERN) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $6.00 price target on the stock. This represents a 44.2% upside from the current price of $4.16.

Disc Medicine (NASDAQ:IRON) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $47.96.

Keros Therapeutics (NASDAQ:KROS) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $61.01.

Klaviyo (NYSE:KVYO) is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $37.00 price target on the stock. This represents a 1.2% upside from the current price of $36.57.

Liquidia (NASDAQ:LQDA) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $30.00 price target on the stock. This represents a 161.3% upside from the current price of $11.48.

Larimar Therapeutics (NASDAQ:LRMR) is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $26.00 price target on the stock. This represents a 232.5% upside from the current price of $7.82.

Ocular Therapeutix (NASDAQ:OCUL) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $22.00 price target on the stock. This represents a 102.0% upside from the current price of $10.89.

Paycor HCM (NASDAQ:PYCR) is now covered by analysts at Stephens. They set an “overweight” rating and a $18.00 price target on the stock. This represents a 29.4% upside from the current price of $13.91.

Qualys (NASDAQ:QLYS) is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $135.00 price target on the stock. This represents a 6.7% upside from the current price of $126.51.

Rocket Pharmaceuticals (NASDAQ:RCKT) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $50.00 price target on the stock. This represents a 185.7% upside from the current price of $17.50.

RLI (NYSE:RLI) is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.The current price is $161.26.

Rapid7 (NASDAQ:RPD) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $50.00 price target on the stock. This represents a 23.9% upside from the current price of $40.34.

Scilex (NASDAQ:SCLX) is now covered by analysts at Alliance Global Partners. They set a “buy” rating and a $14.00 price target on the stock. This represents a 1345.2% upside from the current price of $0.97.

Tenable (NASDAQ:TENB) is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $45.00 price target on the stock. This represents a 6.4% upside from the current price of $42.31.

Travere Therapeutics (NASDAQ:TVTX) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $18.01.

Veracyte (NASDAQ:VCYT) is now covered by analysts at UBS Group AG. They set a “buy” rating and a $43.00 price target on the stock. This represents a 23.5% upside from the current price of $34.81.

Vera Therapeutics (NASDAQ:VERA) is now covered by analysts at Scotiabank. They set a “sector outperform” rating on the stock.The current price is $40.77.

Vertex Pharmaceuticals (NASDAQ:VRTX) is now covered by analysts at Scotiabank. They set a “sector perform” rating on the stock.The current price is $484.77.

Voyager Therapeutics (NASDAQ:VYGR) is now covered by analysts at Leerink Partners. They set an “outperform” rating and a $15.00 price target on the stock. This represents a 96.1% upside from the current price of $7.65.

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