It may seem hard to imagine that the S&P 500 and Dow indexes are actually challenging their all-time highs again. Despite all of the headwinds and uncertainties from tariffs, a slowing economy and geopolitical risks, investors are having to decide whether they should hold their present course of if they should be strategic by looking for new ideas to prepare for beyond 2025.
Oggonomics reviews the daily flow of Wall Street analyst upgrades and downgrades. The goal is to find new ideas that might have otherwise been overlooked or missed for long-term investors and short-term traders alike. These analyst calls often offer opportunities for all types of investors and traders, and it turns out that there are often many diamonds in rough in all those daily analyst reports.
Analysts are making some very bold predictions about the top companies. There are even still very speculative companies which are being assigned massive upside ahead if the research reports are proven to be true. Many stocks are being forecast to hit new all-time highs — and then some!
Investors should always keep in mind that no single analyst report should ever be the sole basis to buy or sell a stock. This is particularly true for aggressive “Buy” and “Outperform” ratings in speculative stocks. Investors also need to do their own research because analysts sometimes get their thesis wrong just like the rest of us. And any decision to buy or sell should be made after consulting with a financial advisor or professional.
Please read the disclaimer below for suitability before even considering any of these analyst ratings. Here are the top upgrades and upside targets that were issued by Wall Street on Wednesday, June 25, 2025.
THE BIG UPSIDE CALLS
Carnival Corporation & plc (NYSE: CCL) surged 6.9% to $25.70 after earnings beat expectations. Barclays reiterated its Overweight rating and raised its price target to $33 from $30 based on a confident tone from management in the conference call. Stifel also reiterated its Buy rating and raised Carnival’s price target to $34 from $33 after the report. BofA also reiterated its Buy rating and raised its price objective to $31 from $30, and Susquehanna reiterated its Positive rating and raised its target to $30 from $27. Carnival was trading down 1% at $25.45 on likely profit taking.
Coinbase Global, Inc. (NASDAQ: COIN) was given a huge boost by Bernstein, with the firm reiterating its Outperform rating but raising its price target all the way up to $510 from $310. Coinbase closed at $344.82 and was indicated at a new all-time high of $360 in early trading on Wednesday. Bernstein called Coinbase out as the most misunderstood crypto stock in its coverage. The firm sees multiple avenues of growth when the analyst community is not as positive on the leader of being a universal crypto bank. The GENIUS Act and CLARITY Act are also expected to help the company. While not quite as robust, Coinbase was also reiterated as Outperform with a $400 price target at JMP Securities.
Duke Energy Corporation (NYSE: DUK) is unusual to see for outsized upside, but Goldman Sachs upgraded Duke to Buy from Neutral and it hiked its prior $125 price target up to $132 in the call. Several positives are driving growth — power generation capital spending, a better regulatory framework, a solid balance sheet, a discounted stock valuation relative to peer utilities and expected growth for the next 5-year period. Duke closed at $116.30 and has a 3.5% dividend yield.
Duolingo, Inc. (NASDAQ: DUOL) is a mobile learning platform which offers courses in roughly 40 different languages through its Duolingo app. The independent research firm Argus initiated coverage as Buy with a $575 price target after seeing an impressive growth track record and with recent results trending well. Additional growth drivers are expected from chess, math and other learning module opportunities.
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Guidewire Software, Inc. (NASDAQ: GWRE) was given a pre-earnings strategic call at JPMorgan, reiterating its Overweight rating while hiking its price target up to $288 from $271 (versus $237.50). The firm expects the July earnings report to exceed the $1 billion level in annual recurring revenue, with a wide moat defending its model with very low churn in customers. JPMorgan called it out as being deeply entrenched within mission-critical systems in the insurance world, and the firm even sees “upside risk” on the annual recurring revenue and from its cloud migration opportunity.
Microsoft Corporation (NASDAQ: MSFT) was given yet another big price target hike. Dan Ives of Wedbush Securities reiterated his Outperform rating and raised his price target to $600 from $515. On top of Ives saying AI should change Microsoft’s cloud growth trajectory, he also referred to it as a shining moment for the company. The hike is after customer checks on AI, with expectations of mass adoption of Copilot and a wave of capitalizing on Azure with broader enterprise level AI being deployed in many different types of customer verticals. And if Wedbush’s call isn’t enough, Wells Fargo reiterated its Overweight rating and raised its price target to $585 from $565.
NVIDIA Corporation (NASDAQ: NVDA) was already challenging all-tie highs, but now Loop Capital reiterated its Buy rating and raised its price target to $250 from $175. The firm sees positive gains coming from NVIDIA’s supply chain, noting positive demand trends to roughly $2 trillion by 2028 if it uses current expectations. While the target price would represent a $6 trillion market cap, that’s the valuation it comes up with in the next wave of generative AI.
ON THE MORE SPECULATIVE SIDE…
The Real Brokerage Inc. (NASDAQ: REAX) was started as Buy and assigned a $7 price target (versus $4.10 close) at B. Riley. The firm sees Real Brokerage (with only a $845 million market cap) as a disruptor in the residential real estate segment due to a unique platform that should bring agent growth, strong earnings on transactions and a continued effort to take market share. Ancillary services in mortgages and title services should also bring a boost to earnings ahead.
TMC the metals company Inc. (NASAQ: TMC) may be a $3.6 billion Canadian stock many investors have never heard of, but the deep-sea minerals exploration company (primarily explores for nickel, cobalt, copper, and manganese products), was just raised to Outperform from Neutral and its price target was raised to $11 from $6 by Dan Ives at Wedbush Securities. The report cited multiple tailwinds, including that President Trump signed an executive order that allows TMC to bypass the U.N. International Seabed Authority to receive a permit to begin commercial production in the Clarion Clipperton Zone that is located in the Pacific Ocean between Hawaii and Mexico. Ives even noted that TMC is positioned to become a critical enabler of U.S. supply-chain independence during trade tensions with China. This stock was last seen trading up 13% at $7.47 after the upgrade, and it hit a 52-week high of $8.11 on this same day.
Cantor Fitzgerald was positive on delivery systems. The firm reiterated its Overweight rating and raised its target to $106 from $96 on Uber Technologies, Inc. (NYSE: UBER); and it reiterated its Overweight rating and raised its target to $260 from $210 on DoorDash, Inc. (NASDAQ: DASH).
DISCLAIMERS
The analyst ratings, price targets and research summaries above have been assigned to each firm issuing those calls. Their ratings and targets may differ greatly from other firms on Wall Street.
Oggonomics does not issue any formal ratings and does not maintain any price targets of its own on any of the stocks mentioned in this summary.
Please remember that no analyst ratings and price targets, even those with the strongest conviction, ever come with any guarantees of profits and they never contain money-back guarantees in case you lose money.
