Stocks were trying to post a further gain on Thursday after the United Kingdom lowered interest rates. Investors are still adapting to the Trump administration’s new policies. Many investors and traders are also still trying to decide how they want their assets positioned for 2025 and beyond. The top analyst upgrades, downgrades and initiations can help with some of those ideas that might have otherwise been overlooked or missed.
Short-term traders get a glimpse of immediate price reactions to news and to the analyst calls. Long-term investors get a picture of new buy, sell and hold ratings with targets looking a year out.
Oggonomics always reminds investors and its readers that no single analyst report should ever be the sole basis to buy or sell a stock. That decision to buy or sell, or hold or short sell, is up to each investor and the decision should be made with a financial advisor.
These are some of the top analyst upgrades and downgrades seen on Thursday, February 6, 2025.
Amgen Inc. (NASDAQ: AMGN) saw its price objective raised to $275 from $256 and was maintained as Underperform at BofA Securities.
Ares Capital Corporation (NASDAQ: ARC)) was downgraded to Market Perform from Outperform at Raymond James.
Ares Management Corp. (NYSE: ARES) was maintained as Overweight and its target was cut to $217 from $224 at Barclays.
Arm Holdings PLC (NASDAQ: ARM) closed up 6.8% at $173.26 ahead of earnings but was indicated down 5% at $164.50 after earnings. It has seen multiple price target hikes:
- Target to $175 from $160 (Raymond James/Outperform)
- Target to $202 from $176 (Evercore ISI/Outperform)
- Target to $225 from $180 (Rosenblatt/Buy)
- Target to $180 from $160 (Mizuho/Outperform)
- Target to $195 from $170 (Jefferies/Buy)
- Target to $175 from $160 (JPMorgan/Overweight)
- Target to $174 from $159 (Goldman Sachs/Buy)
Capri Holdings Limited (NYSE: CPRI) closed down 10% at $21.61 after earnings. Barclays maintained its Equal-Weight rating and cut its target to $19 from $21; Telsey Advisory maintained its Market Perform rating and its $23 target.
CyberArk Software Ltd. (NASDAQ: CYBR) was reiterated as Overweight and its price target was raised to $440 from $380 at Piper Sandler.
Enphase Energy, Inc. (NASDAQ: ENPH) was maintained as Overweight and its target was cut to $86 from $91 (versus $65.27 close) at Barclays.
Ford Motor Co. (NYSE: F) was reiterated as Buy but its price objective was cut to $15.50 from $19.00 at BofA Securities. Ford was down 1.5% at $10.01 at the close ahead of earnings and Thursday’s indication was down 5.5% at $9.45.
FormFactor, Inc. (NASDAQ: FORM) was up almost 4% at $41.12 ahead of earnings but was down a sharp 21% at $32.30 on Thursday. B. Riley cut its rating to Neutral from Buy and its target price was cut to $34 from $64.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) was downgraded to Underperform from Market Perform at Raymond James.
Hologic, Inc. (NASDAQ: HOLX) was downgraded to Market Perform from Outperform at Leerink.
Impinj, Inc. (NASDAQ: PI) was last seen trading down 22% at $99.00 after closing at $127.06 for earnings. Its price target was cut to $140 from $235 at Piper Sandler (Overweight) and its target was cut to $130 from $182 at Needham (Buy).
Match Group, Inc. (NASDAQ: MTCH) was maintained as Overweight and its target was trimmed down to $52 from $53 at Barclays; and Evercore ISI downgraded its rating to In-Line from Outperform with a $35 price target.
MicroStrategy, Inc. (NASDAQ: MSTR) was maintained as Buy but its target price was cut to $409 from $510 at Canaccord Genuity after its report and name change. Its stock closed down 3.3% at $336.70 on Wednesday.
PepsiCo, Inc. (NYSE: PEP) was maintained as Overweight but its price target was cut to $153 from $158 at Barclays.
Qualcomm, Inc. (NASDAQ: QCOM) was up 1.6% at $175.86 ahead of earnings but shares were down 5.55 at $166.20 in Thursday’s post-earnings reaction. Piper Sandler maintained an Overweight rating and its target was cut to $190 from $205; Rosenblatt maintained its Buy rating and with its $250 price target.
Salesforce, Inc. (NYSE: CRM) was reiterated as Buy and its price target was maintained at $400 at Needham.
Skyworks Solutions, Inc. (NASDAQ: SWKS) closed up 0.8% at $87.08 ahead of earnings but was down a sharp 28% at $63.00 in Thursday’s early trading. Mizuho downgraded its rating to Neutral from Outperform and cut its price target to $62 from $105. Skyworks was downgraded to Neutral from Buy and its target was cut to $80 from $120 at Rosenblatt; it was downgraded to Hold from Buy and its target was cut to $62 from $105 at Stifel; Skyworks was downgraded to Neutral from Buy and its price target was cut to $65 from $110 at B. Riley.
Triumph Group, Inc. (NYSE: TGI) was downgraded to Equal-Weight from Overweight at Barclays.
Uber Technologies, Inc. (NYSE: UBER) closed down 7.5% at $64.48 on Wednesday after its earnings. Uber’s price target was cut to $80 from $82 and it was maintained as Overweight at Piper Sandler. Needham reiterated its $90 price target and its Buy rating.
Voya Financial (NYSE: VOYA) was downgraded to Equal-Weight from Overweight at Barclays.
Walt Disney Company (NYSE: DIS) was reiterated as Buy with a $130 price target at Needham.
Wednesday’s top analyst upgrades and downgrades are also available.
