Here’s a compilation of the most talked-about analyst ratings on Wall Street that could influence market movements. Below are key rating changes investors should watch today, as compiled by The Fly.
**Top Five Upgrades**
1. **Airbnb, Inc. (ABNB)** – RBC Capital Markets upgraded the stock from "Sector Perform" to "Outperform," raising the price target from $145 to $170. The firm highlighted Airbnb’s increasingly compelling monetization potential and noted its first-party user data could command a valuation premium amid evolving consumer AI trends.
2. **Texas Roadhouse (TXRH)** – Wells Fargo upgraded the stock from "Equal Weight" to "Overweight," lifting the target price from $170 to $195. The firm expects sustained same-store sales momentum, cyclical beef cost pressures already priced in, and potential outperformance in the casual dining sector by 2026.
3. **Procter & Gamble (PG)** – Jefferies upgraded the stock from "Hold" to "Buy," increasing the target from $156 to $179. The firm cited stabilizing consumer markets and easing year-over-year comparisons (especially with retail destocking ending), positioning P&G for stronger performance in 2026.
4. **Guidewire Software (GWRE)** – D.A. Davidson upgraded the stock from "Neutral" to "Buy," maintaining a $246 target. The firm noted a ~20% post-Q1 earnings pullback as a buying opportunity, calling Guidewire a core holding for investors seeking high-quality vertical software leaders.
5. **Rollins (ROL)** – Morgan Stanley upgraded the stock from "Equal Weight" to "Overweight," raising the target from $58 to $72. The firm praised Rollins as a "best-in-class" operator with resilient demand drivers, durable end markets, and structural growth tailwinds.
**Top Five Downgrades**
1. **Constellation Brands (STZ)** – Jefferies downgraded the stock from "Buy" to "Hold," cutting the target from $170 to $154. The firm noted weaker-than-expected Hispanic consumer demand, which may persist longer than anticipated, weighing on revenue despite brand strength.
2. **CyberArk (CYBR)** – J.P. Morgan downgraded the stock from "Overweight" to "Neutral" upon resuming coverage, raising the target from $443 to $474. The firm expects Palo Alto Networks’ acquisition of CyberArk to close in H1 2026.
3. **Fortinet (FTNT)** – J.P. Morgan downgraded the stock from "Neutral" to "Underweight," lowering the target from $85 to $75, citing mounting pressure as platform consolidation trends intensify in 2026.
4. **Keurig Dr Pepper (KDP)** – Jefferies downgraded the stock from "Buy" to "Hold" with a $32 target, citing high debt, volatile coffee bean prices, and financing risks.
5. **MGM Resorts (MGM)** – Barclays downgraded the stock from "Overweight" to "Equal Weight," cutting the target from $42 to $38. The firm remains bullish on digital gaming, cruise, and regional gaming for 2026 but turned neutral on lodging and negative on Las Vegas.
**Top Five Initiations**
1. **Spotify (SPOT)** – Citizens Bank initiated with "Outperform" and an $800 target, praising its multi-vertical audio platform for driving sustained user engagement, revenue, and free cash flow growth.
2. **Robinhood (HOOD)** – Principal Financial initiated with a "Buy" rating and $155 target, citing scalable growth potential and margin expansion.
3. **Autodesk (ADSK)** – BTIG initiated with a "Buy" rating and $365 target, citing clearer mid-term growth drivers, core market strength, and new monetization opportunities. BTIG also initiated coverage on Atlassian (TEAM), ServiceTitan (TTAN), Samsara (IOT), Salesforce (CRM), Twilio (TWLO), and DocuSign (DOCU), all with "Buy" ratings.
4. **Wingstop (WING)** – Freedom Capital initiated with a "Buy" rating and $320 target (33% upside), citing its asset-light model, best-in-class unit economics, and long-term expansion potential.
5. **Celsius (CELH)** – KeyBanc initiated with a "Sector Weight" rating, acknowledging its attractive growth story but noting the stock’s 66% YTD rally already reflects much of the upside.
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