Tuesday Stock Upgrades and Downgrades

 StocksRunner
 
  StocksRunner
 
Follow  Message
 
 
 
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  07 Jan 2025
 

The overall sentiment in today’s market is a mixture of optimism and caution, with tech stocks like Nvidia, Lyft, and Carvana providing significant opportunities, while others like Tesla and FSK Capital show signs of potential struggle. For traders and investors, this is a pivotal day to adjust strategies and capitalize on emerging trends.

$BKNG Booking Holdings has been in the spotlight after a new study by Upgraded Points examined travel booking options, revealing that round-trip flights often offer better savings than booking two one-way flights. This information provides insight into Booking Holdings' business model, especially as it competes for market share in the online travel sector. While the study doesn’t directly influence Booking’s stock, it highlights consumer behavior trends, which could impact future earnings reports. Investors should monitor the company’s performance closely, especially as travel trends evolve.

$CROX Crocs is navigating a rough patch, primarily due to challenges with its HEYDUDE brand. While the company’s core business remains strong, the underperformance of HEYDUDE has raised concerns among analysts. A recent report from analysts suggests shifting focus away from Crocs and towards other consumer discretionary stocks with more potential for growth. Although Crocs continues to be a staple in the footwear market, investors may want to tread carefully and explore alternative investment opportunities within this sector.

$CVNA Carvana is getting a boost today from RBC Capital, which upgraded the stock, stating that the recent pullback in price presents a prime buying opportunity. RBC analysts believe Carvana’s shares could rise another 48% from current levels, especially as the company stabilizes its operations and continues to expand its used-car market. Despite its challenges last year, Carvana’s position in the growing e-commerce space for automobiles makes it an intriguing stock to watch for investors seeking high-growth opportunities.

$DIS Disney is another stock receiving attention today with an upgrade from Redburn Atlantic. The firm has given Disney a bullish outlook, predicting more than 30% upside for the stock in the coming months. Disney has been grappling with structural headwinds for years, but analysts believe the company has now reached a key inflection point. With its diverse revenue streams across media, theme parks, and consumer products, Disney is poised for a strong recovery. This makes the stock an attractive long-term investment for those looking for stability and growth in the entertainment sector.

$FSK FS KKR Capital, a company that primarily deals with private equity and debt investments, has been downgraded today. Analysts have shifted their outlook from a "Buy" to a "Hold" recommendation, citing concerns over rising interest rates and the potential for reduced earnings in 2025. While the firm has been a solid pick for investors seeking higher yields in the past, it may face challenges moving forward in a more volatile market. Investors should proceed with caution, particularly if they’re looking for stable returns.

$FUBO fuboTV is seeing notable action today after its stock crossed above the average analyst target price of $2.40, currently trading around $5.06 per share. As the company’s stock surpasses the analyst target, it may signify a potential opportunity for traders to lock in profits, or for those who missed earlier gains to jump in. Analysts have been bullish on fuboTV due to its growing sports streaming platform, though investors should be mindful of the competitive landscape in the streaming space.

$GEV GE Vernova has made significant strides, with its shares crossing above the 12-month target price of $361.04, currently trading at $371.32. This represents positive momentum for General Electric’s energy business, which is expanding under the GE Vernova division. Analysts are optimistic about the company’s prospects in renewable energy and technology, making this stock one to watch for investors seeking exposure to green energy.

$HOOD Robinhood has been upgraded by Bank of America, citing strong drivers for the stock in 2025. Despite facing regulatory scrutiny and volatility in the past, Robinhood has shown signs of growth as it attracts new users to its platform. With its low-fee structure and evolving business model, investors should keep an eye on Robinhood as it continues to redefine the retail investing space.

$KD Kyndryl Holdings has crossed its analyst target price of $38.40, currently trading at $38.73 per share. As a spin-off from IBM, Kyndryl has been gaining traction in the IT infrastructure market. Analysts believe the company is well-positioned to benefit from growing demand for cloud and cybersecurity solutions. With its strong market position, Kyndryl could be a solid choice for investors seeking long-term growth in the tech sector.

$LYFT Lyft received an upgrade from Benchmark, with the firm increasing its outlook from "Hold" to "Buy." As the ride-sharing market continues to recover, Lyft has shown resilience. Benchmark analysts see the company’s ability to navigate market challenges and competition from Uber as a positive sign for the future. Investors should consider Lyft as a potential growth play, especially as the pandemic’s impact continues to wane.

$NVDA Nvidia has reached new highs after a stunning presentation at CES 2025, showcasing its advancements in artificial intelligence and gaming. Despite the euphoria, Goldman Sachs remains cautious, with analysts recommending a "Hold" rating. Nvidia’s dominance in the GPU market and its breakthroughs in AI technology are exciting, but investors should be aware of its high valuation and potential for volatility.

$PFG Principal Financial Group has been upgraded by JPMorgan, with analysts giving the stock a more favorable outlook due to strong market conditions in the life insurance sector. As the economy stabilizes, Principal Financial is well-positioned to benefit from increased demand for insurance products and services. Investors looking for exposure to the financial sector should consider Principal Financial as a solid pick.

$PLUG Plug Power has also crossed its target price of $2.85, currently trading at $3.15 per share. As a leader in hydrogen fuel cell technology, Plug Power has been a standout in the green energy space. The stock has seen a surge as investors increasingly look to companies focused on sustainability. However, investors should be cautious of volatility, as the stock can experience swings based on developments in the clean energy sector.

$PYCR Paycor HCM has reached its analyst target price of $21.31, currently trading at $22.86 per share. As a cloud-based human capital management provider, Paycor continues to attract investor interest due to its strong market position in the HR tech space. Analysts remain bullish on the company’s ability to expand its client base, making it an appealing long-term investment.

$RSG Republic Services has been upgraded by RBC Capital, with analysts raising their outlook from "Sector Perform" to "Outperform." This upgrade highlights Republic Services’ solid position in the waste management industry. With a focus on sustainability and efficient operations, Republic Services is poised for continued growth. Investors seeking stable cash flows and long-term growth potential should keep this stock on their radar.

$SBRA Sabra Health Care REIT has received an upgrade at JMP Securities, with analysts projecting strong returns for the healthcare-focused real estate investment trust (REIT). As the healthcare sector continues to grow, Sabra’s portfolio of senior housing and healthcare properties could benefit from increased demand. For those looking for steady income and growth potential, Sabra is worth considering.

$SHOP Shopify has been upgraded by Wedbush, moving from "Neutral" to "Outperform." Shopify’s continued growth in e-commerce and its expansion into new markets make it a promising investment. Despite concerns over competition, Shopify’s robust platform and strong customer base position it for sustained growth.

$TER Teradyne has reached its analyst target price of $138.88, currently trading at $140.00. As a leader in semiconductor testing equipment, Teradyne’s growth prospects are closely tied to the booming tech sector. For investors looking for exposure to the semiconductor industry, Teradyne is a solid pick.

$THO Thor Industries has been downgraded, with analysts citing caution due to slowing demand for recreational vehicles (RVs). While Thor Industries has been a leader in the RV market, the current environment of rising interest rates and inflation presents challenges. Investors should be cautious about the RV sector’s near-term prospects.

$TME Tencent Music is initiating coverage with a strong buy rating, driven by growth in its marketing services and fintech segments. As the leader in China’s online music space, Tencent Music is positioned for continued success, making it an appealing option for investors seeking exposure to the Chinese market.

$TSLA Tesla has been downgraded by Bank of America, with analysts citing concerns over its valuation and competition in the electric vehicle market. While Tesla remains a leader in the EV space, investors should be mindful of the stock’s high volatility and potential market headwinds.

$VCYT Veracyte has reached its analyst target price of $42.67, currently trading at $43.41 per share. As a leader in molecular diagnostics, Veracyte continues to show strong growth potential in the healthcare sector. For investors looking for exposure to innovative healthcare companies, Veracyte is worth a closer look.

$VZ Verizon has been selected by the U.S. Air Force for 5G and network upgrades at 35 installations. This partnership could provide a significant boost to Verizon’s business in the defense sector, making the stock a solid option for investors seeking stability in the telecommunications industry.

$ZM Zoom Communications has been upgraded by Wells Fargo amid the company’s new product cycle. As the remote work trend continues to evolve, Zoom remains a leader in video communications. With new products and features on the horizon, analysts are optimistic about the company’s future.