Investing
Top Analyst Upgrades and Downgrades: Airbnb, ADM, ContextLogic, CrowdStrike, Datadog, Exxon, Kinder Morgan, Salesforce, Walgreens and More
Published:
Last Updated:
The futures traded solidly lower to start the second full week of 2021 trading. With all of the major indexes and the Russell 2000 at all-time highs, some caution could be in order. It is also important to note that a flood of fourth quarter-earnings are about to come pouring out of Wall Street, so investors need to check portfolios and make sure they are ready for what could be a wild first quarter.
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.
These are the top analyst upgrades, downgrades and initiations seen on Monday, January 11, 2021.
Airbnb Inc. (NASDAQ: ABNB) was started with a Buy rating at Tigress Financial. Since the recent red-hot initial public offering, it has traded between $121.50 and $174.97. The Wall Street consensus target is set at $154.16, and the last trade on Friday hit the tape at $149.77.
Anaplan Inc. (NYSE: PLAN) was upgraded to Outperform from Neutral at Piper Sandler, which also lifted the price target to $87. Jefferies upgraded it to Buy from Hold and raised the price target to $85. Those targets compare with the $77.26 consensus target and Friday’s $71.46 per share close.
Archer Daniels Midland Co. (NYSE: ADM) was downgraded to Market Perform from Outperform at BMO Capital Markets, though the price target was raised to $56. The consensus target is $54.92. The final trade last Friday was posted at $52.57.
Boot Barn Holdings Inc. (NYSE: BOOT) was raised at JPMorgan from Neutral to Overweight with a $60 target price. The consensus target is $44.27. On Friday, the stock ended trading at $48.50. Shares were up over 6% in Monday’s premarket action.
Carrols Restaurant Group Inc. (NASDAQ: TAST) was named as the Zacks Bear of the Day stock. The firm said that this fast-food restaurant owner and operator is struggling along with the rest of the industry. Shares last closed at $6.20 and have a consensus price target of $7.83.
ContextLogic Inc. (NASDAQ: WISH) had a recent high-profile IPO but has not fared well since. The quiet period has ended and many top firms have jumped in with coverage on the e-commerce company:
ContextLogic shares were last seen on Friday trading at $20.36 apiece.
CrowdStrike Holdings Inc. (NASDAQ: CRWD) was upgraded to Buy from Hold at Jefferies, which also raised the price target to $275. The consensus target is $198.37, and shares closed on Friday at $223.73.
Exxon Mobil Corp. (NYSE: XOM) was raised to Overweight from Equal Weight at Morgan Stanley. The analysts also raised the price objective on the integrated energy giant to $57. The consensus target is $48.11. Friday’s closing trade was posted at $45.46.
Infrastructure and Energy Alternatives Inc. (NASDAQ: IEA) was named as the Bull of the Day at Zacks, which said that solid earnings growth and shift in economic policy could lead to incredible profits in the future. Shares most recently closed at $22.18 and have a consensus price target of $13.00.
Johnson Controls International PLC (NYSE: JCI) was downgraded from Buy to Hold with a $52 price target at HSBC Securities. The consensus target is $51. The shares ended Friday at $51.30.
Kinder Morgan Inc. (NYSE: KMI) was downgraded to Market Perform from Outperform at Raymond James. The stock has traded in a 52-week range of $9.42 to $22.58 and has a consensus price target of $16.75. Friday’s final trade came in at $14.49.
Liberty SiriusXM Group (NASDAQ: LSXMA) was upgraded to Overweight from Equal Weight at Barclays, which also lifted the price target to $55. The posted consensus target is $54.83, and the stock closed Friday at $42.19.
LivePerson Inc. (NASDAQ: LPSN) was downgraded to Hold from Buy at Jefferies, although the firm did lift the price target to $65. The consensus target is higher at $69.20. The stock ended Friday’s trading session at $65.02.
MPLX L.P. (NYSE: MPLX) was raised at Raymond James from Market Perform to Outperform with a $28 price target. The consensus target is $25.06. The shares closed at $23.50 on Friday.
Royal Gold Inc. (NASDAQ: RGLD) was raised to Outperform from Sector Perform at RBC Capital Markets, which also lowered the price target to $150. That compares with the $145.79 consensus price target and Friday’s close at $105.60.
Salesforce.com Inc. (NYSE: CRM) was downgraded to Neutral from Outperform at Piper Sandler which also dropped the price target to $242. The $274.21 consensus target also compares with Friday’s close at $222.04.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) was raised from Neutral to Outperform with a $55 price target at Baird. The consensus target is much lower at $42.89. The last trade on Friday was posted at $45.21.
World Wrestling Entertainment Inc. (NYSE: WWE) was started with an Equal Weight rating at Barclays, which has set a $49 price objective. The consensus price target is $49.88. Friday’s closing price was $48.24.
Zillow Group Inc. (NYSE: ZG) was raised at Jefferies from Hold to Buy with a $175 price target. The consensus target is $133.90. The stock closed on Friday at $150.02.
Friday morning’s top analyst upgrades and downgrades included Aflac, CME, Chevron, CVS Health, D.R. Horton, Goodyear Tire and Rubber, Lam Research, Micron Technology and U.S. Steel. Analyst calls made later in the day included Canadian Solar, JetBlue, L Brands, Peloton, Tesla and more.
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.