This Datadog Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have upgraded their ratings and price targets for notable companies, including Tyra Biosciences, Victory Capital Holdings, Ecolab, Datadog, and Albertsons Companies. These upgrades reflect a positive outlook on these stocks.
October 18, 2024 | 1:51 pm
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NEUTRAL IMPACT
Morgan Stanley upgraded Victory Capital Holdings from Underweight to Equal-Weight, increasing the price target from $40 to $60. The stock closed at $60.55.
The upgrade to Equal-Weight and a higher price target may stabilize the stock price, but the current price already reflects the new target, suggesting a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wells Fargo upgraded Albertsons Companies from Equal-Weight to Overweight, raising the price target from $22 to $23. The stock closed at $18.43.
The upgrade to Overweight and a higher price target suggest a positive outlook, potentially leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
UBS upgraded Datadog from Neutral to Buy, boosting the price target from $125 to $150. The stock closed at $126.22.
The upgrade to Buy and an increased price target suggest a positive outlook, likely driving short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Jefferies upgraded Ecolab from Hold to Buy, raising the price target from $235 to $310. The stock closed at $257.10.
The upgrade to Buy and a substantial increase in the price target indicates strong growth potential, likely leading to a positive short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
B of A Securities upgraded Tyra Biosciences from Neutral to Buy, raising the price target from $22 to $31. The stock closed at $25.98.
The upgrade from Neutral to Buy and a significant increase in the price target suggests a positive outlook, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80