Wall Street saw notable initiations, upgrades, and downgrades across major tech, gaming, and automotive stocks.

by MarketNewsData

Wall Street saw notable initiations, upgrades, and downgrades across major tech, gaming, and automotive stocks.

Initiations

  • Arm Holdings (ARM) — Initiated at Buy by UBS; price target $180. UBS cites strong AI-driven demand and chip design leadership.
  • Klaviyo (KVYO) — Initiated at Overweight by Piper Sandler; price target $38, driven by marketing automation growth potential.

Upgrades

  • Roblox (RBLX) — Equal Weight → Overweight at Morgan Stanley; price target $60 from $35, on stronger engagement and monetization trends.
  • General Motors (GM) — Hold → Buy at Deutsche Bank; price target $60, reflecting improving EV execution and margin outlook.
  • Unity Software (U) — Hold → Buy at Benchmark; price target $31, citing stabilization in advertising revenue.

Downgrades

  • Adobe (ADBE) — Buy → Neutral at Mizuho; price target $570, citing slower Creative Cloud growth.
  • Datadog (DDOG) — Overweight → Neutral at Piper Sandler; price target $135, due to valuation concerns despite strong fundamentals.

Price Target Changes (no rating change)

  • Apple (AAPL) — Price target raised to $270 from $245 at Wedbush; Outperform maintained.
  • Tesla (TSLA) — Price target raised to $325 from $300 at RBC Capital; Outperform maintained.

More Live News