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

RJ Hamster

1 month 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.

Unsubscribe.

VIEW MY PORTFOLIO

OCTOBER 16TH, 2024

“Kings of Billion-Dollar Mines” Have Found a New Target… (ad)

Some of the smartest investors in the resource industry – the “Kings of Billion-Dollar Mines” – have identified their next big opportunity. Led by two brothers with deep roots in mining, they’ve found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth.

LEARN THE TICKER AND JUST HOW MASSIVE OF A DISCOVERY THIS YOUNG COMPANY IS SITTING ON…

Today’s Top Stories

Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?

BY GABRIEL OSORIO-MAZILLI | OCTOBER 16, 2024 10:22 AM

Tim Sykes’ Urgent Trade Alert: “Make this move now” (Ad)

BY TIMOTHY SYKES

Italy approves tight budget partly funded by a levy on banks and insurers

BY THE ASSOCIATED PRESS | OCTOBER 16, 2024 06:16 AM

Abbott’s Growth and Dividends Make It a Smart Portfolio Pick

BY THOMAS HUGHES | OCTOBER 16, 2024 08:33 AM

The Standard Oil of AI? (Ad)

BY BEHIND THE MARKETS

UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut

BY THE ASSOCIATED PRESS | OCTOBER 16, 2024 01:41 AM

Citigroup Faces Growing Troubles: Could the Industry Be at Risk?

BY GABRIEL OSORIO-MAZILLI | OCTOBER 16, 2024 08:16 AM

Quick Links

MarketBeat All Access

[Urgent] Starlink Set For The Largest IPO In History? (ad)

He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant.
Then, he did it again with Tesla… which is up more than 19,500% since 2010.
For perspective, that turns $100 invested into almost $20,000!
And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet.
And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.

CLICK HERE NOW FOR THE URGENT DETAILS ON THIS HIDDEN PLAY.

Your Watchlist

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)

MANAGE YOUR WATCHLIST

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

2025 AI Stock Picks: 2 Hidden Gems Under $10/Share (ad)

The AI sector continues to make waves as we move into 2025, and now is a prime opportunity to get involved—without stretching your budget!

We’ve just uncovered 2 promising AI stocks trading for under $10/share, and they’re positioned for impressive growth in the coming months.

👉[CLICK HERE TO GET YOUR FREE REPORT DELIVERED INSTANTLY!]

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

Protect Your Bank Account with THESE 4 Simple Steps (ad)

Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide.

It will give them unprecedented powers to control your bank account.

LEARN THESE 4 SIMPLE STEPS AND PROTECT YOUR SAVINGS BEFORE IT’S TOO LATE.

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.

VIEW MORE NEW COVERAGE

Calendars from MarketBeat

U.S. Analyst Ratings

Corporate Buybacks

Cryptocurrencies

Dividend Declarations

Earnings Announcements

Earnings Conference Calls

Economic Reports

Gap Up/Down Stocks

Insider Trades

Initial Public Offerings (IPOs)

Most Active Stocks

Percentage Gainers/Decliners

Sector Performance

Short Interest

Stock Splits

Unusual Options Volume

Unusual Trading Volume

GET 30 DAYS OF MARKETBEAT ALL ACCESS FREE

Best-in-Class Portfolio Monitoring

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Advanced Stock Screeners and Research Tools

Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.