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Amazon, Mastercard, Pinterest and More Friday Afternoon Analyst Upgrades and Downgrades

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With the trading day nearly halfway over, the broad markets were pulling back into the weekend. Some traders are attributing this drop to weaker-than-expected Amazon earnings that came out Thursday evening. This also comes as many economists are expecting to the see economy slow down in the second half of 2021.

24/7 Wall St. is reviewing some big analyst calls seen on Friday. We have included the latest 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 Friday that included AMD, Nokia, Pinterest, Riot Blockchain and T-Mobile.

Agios Pharmaceuticals Inc. (NASDAQ: AGIO): Goldman Sachs downgraded the stock to a Sell rating from Neutral and cut the price target to $39 from $58. Shares traded near $49 on Friday, in a 52-week range of $32.47 to $62.16. They have a consensus price target of $65.33.

Amazon Inc. (NASDAQ: AMZN): Raymond James reiterated its Outperform rating but cut its price target to $3,900 from $4,125. BofA Securities reiterated a Buy rating and cut the target to $4,250 from $4,350, and Morgan Stanley reiterated it as Overweight and cut the target to $4,300 from $4,500. Susquehanna reiterated a Positive rating with a $5,000 price target. The shares were changing hands at around $3,350 apiece on Friday, in a 52-week trading range of $2,871.00 to $3,773.08.

Chubb Ltd. (NYSE: CB): Argus raised its Hold rating to Buy. Shares traded near $170 on Friday, in a 52-week range of $111.93 to $179.01. The consensus price target is $184.73.

Citrix Systems Inc. (NASDAQ: CTXS): The Barclays downgrade was from Overweight to Underweight rating with an $85 price target. The stock was trading at around $100 a share on Friday, in a 52-week range of $94.66 to $148.47.

Edwards Lifesciences Corp. (NYSE: EW): Morgan Stanley reiterated an Overweight rating and raised the price target to $135 from $108. Oppenheimer reiterated an Outperform rating and raised its target to $120 from $97. Wells Fargo’s reiterated Equal Weight rating came with a price target hike to $115 from $93. And Deutsche Bank reiterated it at Hold and raised the price target from $84 to $113. The stock was changing hands near $111 a share on Friday, in a 52-week range of $70.92 to $114.22.

Gilead Sciences Inc. (NASDAQ: GILD): RBC reiterated an Outperform rating and raised the price target to $84 from $81, and BMO Capital Markets reiterated a Market Perform rating and boosted the price target to $72 from $67. The stock traded near $69 on Friday, in a 52-week range of $56.56 to $72.31.

Mastercard Inc. (NYSE: MA): Raymond James reiterated an Outperform rating and raised the price target to $453 from $428. BMO Capital Markets also reiterated an Outperform rating, and it has a $429 price target. Morgan Stanley reiterated an Overweight rating and raised the price target to $451 from $444. The stock traded near $385 on Friday, in a 52-week range of $281.20 to $401.50. Its consensus price target is $431.07.

Pinterest Inc. (NYSE: PINS): Susquehanna and Rosenblatt each reiterated its Neutral rating and cut its price target to $65, from $75 and $70, respectively. The stock was trading at around $58 a share on Friday, in a 52-week range of $24.59 to $89.90. Analysts have a consensus price target of $84.31 for the stock.


Six Goldman Sachs conviction stock picks all pay healthy dividends and offer great total return potential and less potential volatility in a very overbought stock market that may be poised for a long-needed correction.

In addition, one key analyst sees big upside in a Bitcoin play, and Apple is pursuing its goal to become net cash neutral.

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