Stocks were indicated higher on Monday as Trump tariff news and Super Bowl hangovers dominated the weekend news flow. Many investors are fine-tuning portfolios for trading and investing in 2025. This is where the daily flow of analyst upgrades, downgrades and initiations can come into play for new ideas.
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Analyst reports can be a source of new ideas for short-term traders with live price reactions on the spot in the immediate and short-term views. And with the calls offering a one-year outlook in general, the same analyst calls can offer long-term perspectives for investors looking months or years into the future.
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Oggonomics always reminds its readers that no single analyst report should ever be used as the sole basis to buy or sell a stock. After all, analysts can be wrong or the larger backdrop can change on a moments notice.
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These are the top analyst upgrades, downgrades and initiations for Wednesday, February 5, 2025.
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Affirm Holdings, Inc. (NASDAQ: AFRM) was reiterated at Overweight with price target raised to $85 from $75 at Barclays. Affirm closed up over 21% at $75.22 on Friday ahead of the call and other analysts raised their targets as well.
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Amgen Inc. (NASDAQ: AMGN) was reiterated at Overweight with price target raised to $329 from $310 at Piper Sandler.
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ConocoPhillips (NYSE: COP) was reiterated at Overweight but its price target was trimmed down to $135 from $137 at Barclays.
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Crocs Inc. (NASDAQ: CROX) was reiterated at Outperform but its price target was cut to $150 from $180 (versus $93.37 close) at Baird.
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Deere & Co. (NYSE: DE) was reiterated at Neutral with price target raised to $500 from $470 at JP Morgan.
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Flowco Holdings Inc. (NYSE: FLOC) has seen its $24 per share IPO quiet period come to an end and the stock closed at $28.65 on Friday. Flowco was initiated at Overweight with a $32 target at JPMorgan; was initiated at Buy with $35 target at Jefferies; was initiated at Overweight with $34 target at Piper Sandler; was initiated at Outperform with $33 target at BMO Capital.
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The Hershey Company (NYSE: HSY) was named as the Bear of the Day at Zacks.
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The Home Depot, Inc. (NYSE: HD) was reiterated at Overweight with price target raised to $475 from $450 (versus $407.46 close) at JPMorgan.
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Interactive Brokers Group, Inc. (NASDAQ: IBKR) was named the Bull of the Day at Zacks.
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MicroStrategy Inc. (NASDAQ: MSTR) was maintained as Overweight but its price target was moved all the way down to $421 from $515 (versus $327.56 close) at Barclays.
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Mobileye Global Inc. (NASDAQ: MBLY) was raised to Neutral from Underperform and its price target was raised to $19 from $12 (versus $16.07 close) at BofA Securities.
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Semtech Corporation (NASDAQ: SMTC) was maintained as Buy but its price target was slashed to $54 from $74 at Needham. Semtech closed down 9.9% at $54.51 ahead of the call and the semiconductor stock was trading down about 25% at $40.35 on Monday morning.
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Walmart Inc. (NYSE: WMT) was reiterated as Overweight and its price target was raised to $112 from $97 (versus $101.15 close) at JPMorgan.
