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Citigroup, Gilead, Groupon, Morgan Stanley, Spotify and More Monday Afternoon Analyst Calls
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Over halfway through the trading day on Monday, and the broad markets have retreated. The S&P 500, Nasdaq and Dow Jones industrial average were all down over 2% in the afternoon. The first trading session of 2021 is off to a shaky start. Let’s hope this isn’t an omen for the rest of the year.
Concerns over the outcome of the Georgia Senate runoff elections and a spike in COVID-19 cases in the United are what many are pointing to as to why the markets are sliding.
Although the markets may be falling, 24/7 Wall St. is looking at some big analyst calls that we have seen so far on Monday. We have included the most recent analyst call on each stock, as well as a recent trading history and the general consensus among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Monday.
American International Group Inc. (NYSE: AIG) was downgraded by Wells Fargo to an Equal Weight rating from Overweight and given a $42 price target. The stock was last seen down over 2% at $36.97, with a 52-week range of $16.07 to $56.42. The consensus price target is $40.07.
Booking Holdings Inc. (NASDAQ: BKNG) was initiated at Loop Capital with a Hold rating and a $2,029 price target. Booking stock was down about 4% at $2,139.85, with a consensus price target of $1,992.93. The 52-week range is $1,107.29 to $2,257.19.
Citigroup Inc. (NYSE: C) was downgraded to an Equal Weight rating from Overweight and issued a $72 price target by Barclays. Citigroup stock was down about 3% at $59.88, with a consensus price target of $69.98 and a 52-week trading range of $32.00 to $83.11.
CyberArk Software Ltd. (NASDAQ: CYBR) was reiterated with a Buy rating at Monness Crespi & Hardt and the firm hiked its price target to $183 from $125. Wall Street has a consensus price target of $129.80. The stock was down about 6% to $152.52, in a 52-week range of $69.50 to $167.34.
Gilead Sciences Inc. (NASDAQ: GILD) was upgraded to Buy from Neutral at Guggenheim. Gilead stock traded up about 2% at $59.31, in a 52-week range of $56.56 to $85.97. Analysts have a consensus price target of $72.28.
24/7 Wall St.Groupon Inc. (NASDAQ: GRPN) was reiterated as Underweight with an $18 price target at Barclays. Groupon stock was down 7% at $35.24, with a consensus price target of $29.54. The 52-week trading range is $9.60 to $63.20.
Grubhub Inc. (NYSE: GRUB) was reiterated with an Equal Weight rating and a $65 price target at Barclays. The stock was up 2% at $75.92, within its 52-week range of $29.35 to $85.53. The consensus price target is $65.69.
Morgan Stanley (NYSE: MS) was upgraded from Equal Weight to Overweight with an $88 price target at Barclays. Wall Street has a consensus price target of $67.38 for the stock. Morgan Stanley shares were last seen down less than 1% at $68.10, in a 52-week range of $27.20 to $69.93.
Match Group Inc. (NASDAQ: MTCH) was reiterated as Equal Weight with a $129 price target by Barclays. Match stock was down nearly 2% at $148.65, with a consensus analyst target of $145.22. The 52-week trading range is $35.58 to $159.53.
PepsiCo Inc. (NASDAQ: PEP) was downgraded to a Sector Perform rating from Outperform with a $153 price target at RBC Capital Markets. The stock was down 4% at $142.36, in a 52-week range of $101.42 to $148.77. The consensus price target is $154.10.
Peloton Interactive Inc. (NASDAQ: PTON) was reiterated with an Overweight rating and a $148 price target at Barclays. The shares were down over 4% at $144.98, with a consensus price target of $144.42. The 52-week trading range is $17.70 to $167.37.
Spotify Technology S.A. (NYSE: SPOT) was reiterated as Overweight with a $310 price target at Barclays. The consensus price target is $271.25. Spotify shares traded down over 2% to $307.46, in a 52-week range of $109.18 to $346.44.
24/7 Wall St.Five top stocks from the Goldman Sachs Americas Conviction List for 2021 offer investors a degree of safety and total return potential, so they sense for long-term growth investors.
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