Investing

BlackBerry, Lam Research, Shopify, Square, Zoom and More Wednesday Afternoon Analyst Calls

honglouwawa / Getty Images

With the trading day about halfway over, the broad markets largely were pushing higher, except for the Dow Jones industrial average. The S&P 500 hit a new all-time high in the session, and Nasdaq was rallying on the back of the tech sector and up over 1.5%.

24/7 Wall St. is looking at some big analyst calls that we have seen so far on Wednesday. We have included the most recent analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included Apple, Applied Materials, BP, Bumble, Harley-Davidson and more.

Affimed N.V. (NASDAQ: AFMD) was started by Credit Suisse as Outperform with a $15 price target. Shares traded near $8 on Wednesday. The 52-week trading range is $1.50 to $8.60. The consensus price target is $12.36.

BlackBerry Ltd. (NYSE: BB) was upgraded by Canaccord Genuity to Hold from Sell but its price target was cut to $9 from $10. The stock was trading on Wednesday near $8 a share. The 52-week trading range is $3.18 to $28.77, and the consensus price target is $7.69.

BHP Group Ltd. (NYSE: BHP) was downgraded to Neutral from Buy by UBS. The stock traded near $70 on Wednesday, in a 52-week range of $35.68 to $81.82. It has a consensus price target of $85.90.

Deciphera Pharmaceuticals Inc. (NASDAQ: DCPH) was started by Credit Suisse as Outperform with a $78 price target. The stock traded near $44 on Wednesday, in a 52-week range of $36.14 to $68.40. It has a consensus price target of $75.50.

Lam Research Corp. (NASDAQ: LRCX) was started at Bernstein with an Outperform rating and a $700 price target. The stock traded near $594 on Wednesday. The 52-week trading range is $213.29 to $603.60. Its consensus analyst target is $598.23.

Shopify Inc. (NYSE: SHOP) was started with a Buy rating and a $1,200 price target at Stifel. The stock traded near $1,109 on Wednesday. The 52-week trading range is $334.55 to $1,499.75. Its consensus target price is $1,453.49.

Square Inc. (NYSE: SQ) was upgraded by Keefe Bruyette to Outperform from Market Perform with a $250 price target. The consensus price target is $266.60. Shares traded around $229 on Wednesday, in the 52-week range of $42.33 to $283.19.

Zoom Video Communications Inc. (NASDAQ: ZM) was started at Daiwa Securities with a Sell rating and a $250 price target. Shares traded at around $321 on Wednesday, in a 52-week range of $108.53 to $588.84. Analysts have a consensus price target of $481.70.

Zymeworks Inc. (NYSE: ZYME) was started at Credit Suisse with an Outperform rating and a $55 price target. The stock traded near $31 on Wednesday, in a 52-week range of $28.02 to $59.03. It has a consensus price target of $56.63.


The FANG stocks are among the top BofA Securities growth stock picks. With the market very pricey and perhaps vulnerable to tail risks, these stocks are very likely one of the best places for long-term aggressive growth investors to be now.

See which analyst is growing more bullish about Apple and what has pot stocks jumping.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.