Wall Street Analyst Upgrades to Watch

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•  13 Jul 2026
 

$DECK Deckers Outdoor received a Buy upgrade from Jefferies, with the firm lifting its price target to $130 from $110. The call reinforces the view that the Hoka and Ugg owner is trading below the earnings quality embedded in its brand portfolio, although the supplied price of $51.66 does not align with the current post-split market quote and should not be used to calculate upside. The upgrade matters because a rerating requires investors to look beyond near-term consumer caution and focus on durable demand, margin execution, and the potential for multiple expansion.

$BIIB Biogen was upgraded to Buy from Hold by Truist Securities, with the price target raised to $235 from $190 ahead of the company presentation of detailed Phase 2 data for experimental Alzheimer drug diranersen. Shares advanced roughly 4.8% after the call, reflecting expectations that the presentation could improve confidence in the decision to proceed toward a Phase 3 study despite the earlier primary endpoint miss. The near-term setup is catalyst-driven rather than purely valuation-driven, with the risk-reward dependent on whether the data can meaningfully de-risk future clinical readouts.

$TOST Toast was upgraded by Goldman Sachs to Buy from Neutral, with its price target increased to $36 from $30. The firm cited a compressed valuation, improving fundamentals, and the potential contribution from Toast IQ Grow, its AI-based marketing product for restaurant customers. With the shares near $30.10 and trading volume of 5.35 million versus average volume of 13.36 million in the supplied session data, the positive price reaction lacked strong institutional flows, but the valuation reset still creates room for multiple expansion if product adoption accelerates.

$SNDK SanDisk remains supported by bullish Wall Street research, although the source table incorrectly classified the latest Goldman Sachs action as a fresh upgrade. Goldman maintained its Buy rating while raising its target to approximately $2,200 from $1,200, citing tight NAND supply and earnings estimates materially above consensus. Evercore ISI subsequently lifted its target to $3,100, while the stock fell roughly 13% in the supplied session, underscoring that strong earnings momentum expectations are already colliding with extreme volatility and elevated positioning.

$AXP American Express was upgraded by JPMorgan to Overweight from Neutral, with the price target raised to $400 from $328. The bank views the company affluent customer base and resilient revenue profile as advantages during a period of geopolitical and macroeconomic uncertainty. With the shares around $353.52 in the supplied data, the target implies approximately 13% upside rather than the listed 0.42%, while below-average volume suggests the market had not yet fully repriced the stronger institutional view.

$STX Seagate Technology was upgraded by Wells Fargo to Overweight from Equal Weight, with the firm raising its target to $1,100 from $900. Wells Fargo cited increasing confidence in a path toward more than $50 in annual earnings per share, stronger capital-return capacity, and improving demand visibility through long-term hard-disk-drive purchase agreements. The shares were down 5.96% at $856.93 on volume below the supplied average, creating a sharper near-term dislocation than the other upgraded names, but the stock remains highly sensitive to AI infrastructure spending and storage pricing expectations.

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