Investors are keeping a close eye on Wall Street’s latest research calls, as analysts unveil pivotal upgrades that could drive significant stock movements. The Fly has compiled today’s must-know research calls, highlighting key upgrades that are reshaping investor sentiment.
Jefferies Upgrades Roku (ROKU) to Hold, Raises Price Target to $100
Streaming giant Roku (NASDAQ: ROKU) saw its price target soar to $100 from $55 after Jefferies upgraded the stock to Hold from Underperform. The firm cited Roku’s Q4 outperformance, with an impressive 25% year-over-year Platform growth that exceeded guidance. Analysts attribute this success to stronger third-party integrations and improving ad fill rates, signaling a more robust monetization strategy.
BTIG Upgrades Snowflake (SNOW) to Buy, Price Target Set at $220
After years of navigating cloud optimization challenges, Snowflake (NYSE: SNOW) is finally seeing tailwinds, according to BTIG. The firm upgraded the stock to Buy from Neutral, setting a $220 price target. Recent field research indicates an improving demand backdrop heading into 2025, suggesting a rebound for the cloud data platform provider.
Susquehanna Turns Bullish on Lam Research (LRCX), Upgrades to Positive
Lam Research (NASDAQ: LRCX) captured analyst attention following its first analyst day since 2020. Susquehanna upgraded the stock to Positive from Neutral, setting a revised price target of $125, up from $75. The firm highlighted Lam’s ambitious 2028 EPS target of $6-$7 and its strong free cash flow margins of 30%, with most returns earmarked for investors through buybacks.
Citi Sees Recovery in Analog Market, Upgrades NXP Semiconductors (NXPI) to Buy
Citi analysts are betting on a resurgence in the analog semiconductor market, prompting them to upgrade NXP Semiconductors (NASDAQ: NXPI) to Buy from Neutral. The price target jumped to $290 from $210, with analysts noting that sales in the analog sector have declined about 30% from their peak, setting the stage for a strong rebound.
Morgan Stanley Upgrades SolarEdge (SEDG) to Equal Weight, Eases Liquidity Concerns
SolarEdge (NASDAQ: SEDG) has been upgraded by Morgan Stanley to Equal Weight from Underweight, with a raised price target of $18, up from $11. The firm sees stronger free cash flow generation and a clearer strategic direction as reducing liquidity risks, a significant relief for investors in the renewable energy space.
These latest upgrades provide crucial insights for investors looking to position themselves strategically in the market. Keep an eye on these names as analysts signal renewed confidence in their growth potential.
