Recent influential analyst ratings from Wall Street, known to significantly impact market movements, have been compiled. The following institutional rating changes, gathered by The Fly, are essential for investors to note today.
Key Upgrades
Arete upgraded Spotify Technology S.A. (SPOT) from Neutral to Buy, setting a price target of $586. The firm cited continuous improvement in the gross margin of the company's premium subscriber business and minimal risk of disruption from AI. TD Cowen upgraded Nasdaq (NDAQ) from Market Perform to Outperform following an investor day, raising its price target from $105 to $106. The upgrade was attributed to a recent pullback in the stock price and increased confidence in the sustainability of the Nasdaq platform, particularly within its fintech segment. Wells Fargo upgraded Alcon (ALC) from Equal Weight to Overweight, increasing its price target from $88 to $97. The bank sees potential upside to the company's 2026 guidance and believes a new product cycle is beginning to drive growth. H.C. Wainwright upgraded Joby Aviation (JOBY) from Neutral to Buy with an $18 price target. The rationale was based on the company's progressing airworthiness certification, which is now in its final stages. Truist upgraded U.S. Bancorp (USB) from Hold to Buy, raising its price target from $61 to $66. The bank stated that with the completion of the company's transformation, improved net interest margins, a stronger balance sheet, enhanced capital flexibility, and the potential for sustained positive operating leverage in the coming years, the stock presents an attractive risk-reward profile.
Key Downgrades
Deutsche Bank downgraded First Solar (FSLR) from Buy to Hold and lowered its price target from $300 to $245 following a disappointing Q4 earnings report and weak 2026 outlook. The bank pointed to a challenging market environment, tariff impacts affecting shipments from India to the U.S., and portfolio adjustments due to production localization. Loop Capital downgraded The Trade Desk (TTD) from Buy to Hold and slashed its price target from $75 to $25. Despite Q4 earnings exceeding expectations, the firm's 2026 guidance fell short of forecasts. Bank of America downgraded Oddity (ODD) directly from Buy to Underperform, drastically reducing its price target from $58 to $10. The company disclosed significant challenges in new user acquisition in Q4, and after identifying issues in late January, issued Q1 revenue guidance indicating a 30% year-over-year decline, while also withdrawing its full-year outlook. The institution forecasts a 21.5% revenue decline in 2026, with a low likelihood of recovery before 2027 at the earliest. Barclays also downgraded the stock to Underweight, and JPMorgan downgraded it to Neutral. JPMorgan downgraded Mosaic (MOS) from Neutral to Underweight, maintaining a $24 price target. The firm anticipates that the company's 2026 earnings will likely trend lower. Citizens downgraded C3.ai (AI) from Outperform to Neutral and removed its price target, describing the company's fiscal third-quarter results as "very disappointing."
Initiation of Coverage
KGI Securities initiated coverage on Five Below (FIVE) with an Outperform rating and a $267 price target. William Blair initiated coverage on Builders FirstSource (BLDR) with an Outperform rating and did not set a price target. The firm suggested that in an optimistic scenario, benefiting from a housing market recovery and market share gains, the stock could have up to 50% upside potential. Wedbush initiated coverage on Eikon Therapeutics (EIKN) with an Underperform rating and a $7 price target, characterizing the company's clinical programs as "expensively valued with significant clinical risk."