Market Updates on Stock Ratings
Wall Street has recently seen a variety of notable research adjustments that could affect investor decisions. Here’s a roundup of today’s key findings for those keeping a close eye on the market.
Top 5 Upgrades:
Northland has upgraded Palantir (PLTR), raising the price target from $185 to $190 following what they described as “excellent results” in the fourth quarter. The aim is to outperform the market.
Daiwa has upgraded Visa (V) from Neutral to Outperform, keeping the target at $370. They adjusted their earnings expectations in light of the company’s first-quarter results released on January 29 and made a “slight upward revision” to their medium-term outlook. Additionally, they upgraded Mastercard (MA) from Neutral to Outperform, increasing the price target from $605 to $610.
Morgan Stanley is changing their rating for Affirm (AFRM) from equal weight to overweight, but the target price will drop from $83 to $76. According to a research note, recent share price drops present “compelling risks and rewards.”
City has moved JetBlue (JBLU) from Sell to Neutral, upping the price target from $4 to $6. They see “upside risk” in the stock price and suggest that JetBlue could potentially be a strategic option among airlines.
DA Davidson has upgraded Q2 Holdings (QTWO) from Neutral to Buy, maintaining the target price at $82. Although there’s uncertainty about their future fourth-quarter outcomes, they believe a decline in stock prices over the past several months has created a more appealing entry point.
Top 5 Downgrades:
Piper Sandler has downgraded Adobe (ADBE). Following a change in analyst coverage, the price target has been cut from $470 to $330, changing the rating from Overweight to Neutral. Concerns have been raised about sheet compression and vibe coding potentially capping the company’s multiples, but they stressed that this is not a definitive judgment on the fourth-quarter earnings.
RBC Capital has downgraded Elevance Health (ELV) from Outperform to Sector Perform, lowering the price target from $392 to $358. While management is “encouraged” by confidence in underlying performance, they remain cautious due to weaker-than-expected guidance for 2026 and future earnings.
BofA has downgraded Shape (FIGR), adjusting the price target from $43 to $42 and the rating from Neutral to Underperform. They pointed out that although its stock has jumped 109% in the five months since the IPO, Coinbase (COIN) has seen a significant decline, leading them to label the valuation gap as “too wide.”
BNP Paribas has downgraded Exxon Mobil (XOM), after dropping the price target range from $114 to $125, moving the rating from Neutral to Underperform. They cited the company’s price-to-earnings ratio as the highest it’s been in five years.
Roth Capital downgraded Cotera Energy (CTRA), cutting the price target from $30 to $28 and changing the rating from Buy to Neutral. Despite a “somewhat disappointing” takeaway price, they don’t foresee receiving a higher offer than competitors like Devon Energy (DVN).
