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

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By Chris Lange Updated Published
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BlackBerry, Lam Research, Shopify, Square, Zoom and More Wednesday Afternoon Analyst Calls

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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.

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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 | BHP Price Prediction) 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.

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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.

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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