Roku, SolarEdge Among Key Stock Upgrades Investors Should Know Thursday | Global News Avenue

Stocks are Most of the lower Thursday after Disappointing business forecasts From retail giant Walmart (WMT). S&P 500 Index Close at record height The Nasdaq Comprehensive Incident dropped 0.6% late Wednesday afternoon. The Dow Jones industrial average is 1.1% lower.

Below, we look at the largest analyst upgrades and downgrades.

Roku revenue wins Jefferies analysts

Streaming platform provider Roku (Year) Win at least one bear Last week’s revenue report. Jefferies analysts upgraded the stock from “underperforming” to “hold” on Thursday and raised its target from $55 to $100.

“Preliability is changing with many of Roku’s AD peers in Q, and Roku retains multiple headwinds of growth in fiscal 25 years,” analysts wrote. These tailwinds include “strengthening,” analysts said. Partnership with Yahoo/Google, the platform has a higher filling rate with peers’ potential, as well as “other cost disciplines beyond management’s commitments.”

Jefferies’ new price target means a close of just 4% with Roku on Wednesday. To further Jefferies’ goal, “Roku may have to outperform its guide and make investors confident that these are not one-time benefits.”

Solaredge receives 1 upgrade, 2 downgrades

Solaredge Technology (Seg) On Thursday, Morgan Stanley’s target target increased by 64%.

Analysts cite management’s latest decision to shut down its unprofitable battery storage business and execute a reduction in number to demonstrate its commitment to increased profitability and free cash flow. Analysts say these efforts should help the company avoid issuing new equity to cover nearly $350 million in debt due in September.

Analysts acknowledge that Solaredge faces a “long and potentially bumpy road… Given the instability of residential solar demand, especially in Europe, coupled with increased competition in the region.” But there is no imminent negative catalyst and possible freedom Possible improvements in cash flow supported their decision to upgrade the stock and raise its target to $11, about 8% below Wednesday’s stock closing price.

Not everyone on Wall Street agrees with Morgan Stanley. Northland Capital and BMO Capital Markets both lowered Solaredge to “underperforming” on Thursday. Both companies allocated the stock to a $15 target.

Solaredge shares fell nearly 11% Thursday afternoon.

Other notable rating changes

Other stocks updated on Thursday by analysts’ stocks include LAM Research (lrcx), Susquehanna upgrades from “negative” to “positive”. The company also raised its price target by 67% to $125, nearly 40% from Wednesday’s stock closing price.

NXP semiconductor (nxpi) Citigroup analysts upgraded their stock to a “buy” and they also raised their target share price by 33% to $290.

Btig Research upgrades Snowflake’s stock (Snow) “Buy” and reiterate its $220 price target, which means there is 18% room for upside from Wednesday’s closing price.

Among stocks that were downgraded on Thursday, chemical company Celanese (CE), yesterday plummeted yesterday Company Warning Demand challenges may persist in the short term. Royal Bank of Canada’s capital market downgraded the stock to “industry performance” and lowered its target target by 33%.

Axon Enterprise(Axons) downgraded its rating to “Hold” from Craig Hallum, but the company is priced at $625. After Northcoast Research was downgraded, Axon shared yesterday’s all-time high. Expect its growing business with the federal government to be jeopardized Military spending cuts are expected. As of Thursday afternoon, Axon stock ended more than 25% from Tuesday’s record.