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On The Fly
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 10:06
02/02/23
02/02
10:06
02/02/23
10:06
META

Meta Platforms

$182.35 /

+29.25 (+19.11%)

, ALGN

Align Technology

$354.50 /

+72.41 (+25.67%)

, FDX

FedEx

$211.50 /

+9.4 (+4.65%)

, OKTA

Okta

$80.51 /

+4.405 (+5.79%)

, SLAB

Silicon Labs

$183.60 /

+4.73 (+2.64%)

, MTCH

Match Group

$51.64 /

+0.23 (+0.45%)

, FSLR

First Solar

$178.19 /

-1.82 (-1.01%)

, SYY

Sysco

$76.15 /

-1.77 (-2.27%)

, PTON

Peloton

$16.65 /

+0.28 (+1.71%)

, DRI

Darden

$147.32 /

+0.33 (+0.22%)

, RE

Everest Re

$342.00 /

-15.03 (-4.21%)

, OPRX

OptimizeRx

$19.75 /

+0.93 (+4.94%)

, ACCD

Accolade

$13.36 /

+1.51 (+12.74%)

Institutional investors…

ShowHide Related Items >><<
SYY Sysco
$76.15 /

-1.77 (-2.27%)

SLAB Silicon Labs
$183.60 /

+4.73 (+2.64%)

RE Everest Re
$342.00 /

-15.03 (-4.21%)

PTON Peloton
$16.65 /

+0.28 (+1.71%)

OPRX OptimizeRx
$19.75 /

+0.93 (+4.94%)

OKTA Okta
$80.51 /

+4.405 (+5.79%)

MTCH Match Group
$51.64 /

+0.23 (+0.45%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

FSLR First Solar
$178.19 /

-1.82 (-1.01%)

FDX FedEx
$211.50 /

+9.4 (+4.65%)

DRI Darden
$147.32 /

+0.33 (+0.22%)

ALGN Align Technology
$354.50 /

+72.41 (+25.67%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

02/02/23 Deutsche Bank
Meta Platforms price target raised to $200 from $125 at Deutsche Bank
02/02/23 RBC Capital
Meta Platforms price target raised to $225 from $160 at RBC Capital
02/02/23 Needham
Meta Platforms reported fundamentals still deteriorating, says Needham
02/02/23 Jefferies
Meta Platforms price target raised to $225 from $175 at Jefferies
ALGN Align Technology
$354.50 /

+72.41 (+25.67%)

02/02/23 Evercore ISI
Align Technology price target raised to $375 from $230 at Evercore ISI
02/02/23 Stifel
Align Technology price target raised to $375 from $265 at Stifel
02/02/23 Goldman Sachs
Goldman ups Align Technology to Neutral on more confidence in near-term demand
02/02/23 Goldman Sachs
Align Technology upgraded to Neutral from Sell at Goldman Sachs
FDX FedEx
$211.50 /

+9.4 (+4.65%)

02/02/23 BofA
FedEx upgraded to Buy from Neutral at BofA
02/02/23 BofA
FedEx upgraded to Buy from Neutral at BofA
02/02/23 Citi
FedEx upgraded to Buy from Neutral at Citi
02/01/23 Morgan Stanley
Buy with Prime could be $3.5B-plus EBIT business for Amazon, says Morgan Stanley
OKTA Okta
$80.51 /

+4.405 (+5.79%)

02/02/23 Needham
Okta upgraded to Buy from Hold at Needham
01/30/23 Stifel
Okta upgraded to Buy from Hold at Stifel
01/24/23 JPMorgan
Okta initiated with an Overweight at JPMorgan
01/23/23 Deutsche Bank
Okta price target raised to $90 from $80 at Deutsche Bank
SLAB Silicon Labs
$183.60 /

+4.73 (+2.64%)

02/02/23 Cowen
Silicon Labs price target raised to $200 from $175 at Cowen
02/02/23 Wells Fargo
Silicon Labs price target raised to $190 from $155 at Wells Fargo
02/02/23 Summit Insights
Silicon Labs upgraded to Buy on return to growth at Summit Insights
02/01/23 Summit Insights
Silicon Labs upgraded to Buy from Hold at Summit Insights
MTCH Match Group
$51.64 /

+0.23 (+0.45%)

02/02/23 Deutsche Bank
Match Group price target lowered to $60 from $65 at Deutsche Bank
02/02/23 Cowen
Match Group price target lowered to $74 from $80 at Cowen
02/02/23 Citi
Match Group price target lowered to $54 from $55 at Citi
02/02/23 Oppenheimer
Oppenheimer downgrades 'show me story' Match Group to Perform
FSLR First Solar
$178.19 /

-1.82 (-1.01%)

02/02/23 BofA
First Solar downgraded to Neutral at BofA with IRA now priced in
02/02/23 BofA
First Solar downgraded to Neutral from Buy at BofA
01/18/23 Susquehanna
First Solar price target raised to $225 from $175 at Susquehanna
01/17/23 KeyBanc
First Solar price target raised to $201 from $175 at KeyBanc
SYY Sysco
$76.15 /

-1.77 (-2.27%)

02/02/23 Argus
Argus cuts Sysco to Hold amid rising product and labor costs
02/02/23 Argus
Sysco downgraded to Hold from Buy at Argus
02/01/23 BMO Capital
Sysco price target lowered to $90 from $96 at BMO Capital
02/01/23 Barclays
Sysco price target lowered to $87 from $92 at Barclays
PTON Peloton
$16.65 /

+0.28 (+1.71%)

02/02/23 Needham
Peloton price target raised to $20 from $14 at Needham
02/02/23 Roth MKM
Peloton price target raised to $20 from $13 at Roth Capital
02/02/23 Canaccord
Peloton price target raised to $20 from $15 at Canaccord
02/02/23 BofA
Peloton price target raised to $19 from $16 at BofA
DRI Darden
$147.32 /

+0.33 (+0.22%)

02/02/23 Guggenheim
Guggenheim sees Darden as among 'best managed,' starts with a Buy
02/02/23 Guggenheim
Darden initiated with a Buy at Guggenheim
01/23/23 Wells Fargo
Darden initiated with an Equal Weight at Wells Fargo
01/18/23 JPMorgan
Darden price target raised to $154 from $145 at JPMorgan
RE Everest Re
$342.00 /

-15.03 (-4.21%)

02/02/23 Raymond James
Everest Re initiated with an Outperform at Raymond James
02/01/23 Raymond James
Everest Re initiated with an Outperform at Raymond James
01/19/23 BMO Capital
Everest Re initiated with a Market Perform at BMO Capital
12/30/22 Keefe Bruyette
Keefe says Guy Carpenter news positive for catastrophe reinsurers
OPRX OptimizeRx
$19.75 /

+0.93 (+4.94%)

02/02/23 B. Riley
OptimizeRx resumed with a Buy at B. Riley
10/31/22 Stifel
OptimizeRx initiated with a Buy at Stifel
08/10/22 RBC Capital
OptimizeRx price target lowered to $22 from $50 at RBC Capital
08/10/22 B. Riley
OptimizeRx price target lowered to $37 from $56 at B. Riley
ACCD Accolade
$13.36 /

+1.51 (+12.74%)

02/02/23 Raymond James
Accolade initiated with an Outperform at Raymond James
02/01/23 Raymond James
Accolade initiated with an Outperform at Raymond James
01/30/23 Truist
Accolade price target raised to $14 from $12 at Truist
01/10/23 DA Davidson
Accolade price target lowered to $14 from $16 at DA Davidson
SYY Sysco
$76.15 /

-1.77 (-2.27%)

SLAB Silicon Labs
$183.60 /

+4.73 (+2.64%)

RE Everest Re
$342.00 /

-15.03 (-4.21%)

PTON Peloton
$16.65 /

+0.28 (+1.71%)

OPRX OptimizeRx
$19.75 /

+0.93 (+4.94%)

OKTA Okta
$80.51 /

+4.405 (+5.79%)

MTCH Match Group
$51.64 /

+0.23 (+0.45%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

FSLR First Solar
$178.19 /

-1.82 (-1.01%)

FDX FedEx
$211.50 /

+9.4 (+4.65%)

DRI Darden
$147.32 /

+0.33 (+0.22%)

ALGN Align Technology
$354.50 /

+72.41 (+25.67%)

ACCD Accolade
$13.36 /

+1.51 (+12.74%)

SYY Sysco
$76.15 /

-1.77 (-2.27%)

PTON Peloton
$16.65 /

+0.28 (+1.71%)

OKTA Okta
$80.51 /

+4.405 (+5.79%)

MTCH Match Group
$51.64 /

+0.23 (+0.45%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

FSLR First Solar
$178.19 /

-1.82 (-1.01%)

FDX FedEx
$211.50 /

+9.4 (+4.65%)

SYY Sysco
$76.15 /

-1.77 (-2.27%)

SLAB Silicon Labs
$183.60 /

+4.73 (+2.64%)

PTON Peloton
$16.65 /

+0.28 (+1.71%)

OPRX OptimizeRx
$19.75 /

+0.93 (+4.94%)

OKTA Okta
$80.51 /

+4.405 (+5.79%)

MTCH Match Group
$51.64 /

+0.23 (+0.45%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

FSLR First Solar
$178.19 /

-1.82 (-1.01%)

FDX FedEx
$211.50 /

+9.4 (+4.65%)

DRI Darden
$147.32 /

+0.33 (+0.22%)

ALGN Align Technology
$354.50 /

+72.41 (+25.67%)

ACCD Accolade
$13.36 /

+1.51 (+12.74%)

SYY Sysco
$76.15 /

-1.77 (-2.27%)

PTON Peloton
$16.65 /

+0.28 (+1.71%)

OKTA Okta
$80.51 /

+4.405 (+5.79%)

MTCH Match Group
$51.64 /

+0.23 (+0.45%)

META Meta Platforms
$182.35 /

+29.25 (+19.11%)

FSLR First Solar
$178.19 /

-1.82 (-1.01%)

FDX FedEx
$211.50 /

+9.4 (+4.65%)

ALGN Align Technology
$354.50 /

+72.41 (+25.67%)

ACCD Accolade
$13.36 /

+1.51 (+12.74%)

Recommendations
Peloton price target raised to $20 from $14 at Needham » 09:15
02/02/23
02/02
09:15
02/02/23
09:15
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Needham analyst Bernie…

Needham analyst Bernie McTernan raised the firm's price target on Peloton to $20 from $14 and keeps a Buy rating on the shares after its Q2 results. The highlights for the quarter were the company's better than expected revenue and the progression on fixing product gross margins, the analyst tells investors in a research note. The firm adds that while the falling product margins and rising fixed costs have overshadowed the attractive economics of a Peloton subscription, this dynamic is fading.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Roth MKM
Peloton price target raised to $20 from $13 at Roth Capital
02/02/23 Canaccord
Peloton price target raised to $20 from $15 at Canaccord
02/02/23 BofA
Peloton price target raised to $19 from $16 at BofA
02/02/23 JPMorgan
Peloton price target raised to $19 from $13 at JPMorgan
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $20 from $13 at Roth Capital » 07:59
02/02/23
02/02
07:59
02/02/23
07:59
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Roth Capital analyst…

Roth Capital analyst George Kelly raised the firm's price target on Peloton to $20 from $13 and keeps a Buy rating on the shares. The company's margins and new equipment demand remain challenged, which could keep the stock range bound in the near term, but Peloton is still expected to consolidate share over time, the analyst tells investors in a research note.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Canaccord
Peloton price target raised to $20 from $15 at Canaccord
02/02/23 BofA
Peloton price target raised to $19 from $16 at BofA
02/02/23 JPMorgan
Peloton price target raised to $19 from $13 at JPMorgan
02/02/23 Baird
Peloton price target raised to $14 from $12 at Baird
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $20 from $15 at Canaccord » 07:44
02/02/23
02/02
07:44
02/02/23
07:44
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Canaccord analyst Michael…

Canaccord analyst Michael Graham raised the firm's price target on Peloton to $20 from $15 and keeps a Buy rating on the shares. The analyst said they reported mixed Q2 results but see the turnaround is continuing as a return to growth is now more visible.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 BofA
Peloton price target raised to $19 from $16 at BofA
02/02/23 JPMorgan
Peloton price target raised to $19 from $13 at JPMorgan
02/02/23 Baird
Peloton price target raised to $14 from $12 at Baird
02/02/23 Barclays
Peloton price target raised to $19 from $14 at Barclays
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $19 from $16 at BofA » 06:58
02/02/23
02/02
06:58
02/02/23
06:58
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

BofA analyst Justin Post…

BofA analyst Justin Post raised the firm's price target on Peloton to $19 from $16 and keeps a Buy rating on the shares after the company beat expectations on revenue and subscribers in Q2, but missed on EBITDA. Hardware margin is still an overhang, but there were "a few positive signs," said the firm, which is raising its FY23 revenue estimate and assumes the company operates near breakeven cash flow for a year or two going forward as it reinvests.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 JPMorgan
Peloton price target raised to $19 from $13 at JPMorgan
02/02/23 Baird
Peloton price target raised to $14 from $12 at Baird
02/02/23 Barclays
Peloton price target raised to $19 from $14 at Barclays
02/02/23 Bernstein
Peloton price target raised to $20 from $13 at Bernstein
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $19 from $13 at JPMorgan » 06:54
02/02/23
02/02
06:54
02/02/23
06:54
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

JPMorgan analyst Doug…

JPMorgan analyst Doug Anmuth raised the firm's price target on Peloton to $19 from $13 and keeps an Overweight rating on the shares. The analyst come away from the fiscal Q2 earnings report incrementally positive on Peloton based on the rationalized cost base and improving free cash flow loss, as well as better than expected connected fitness subscriber growth. With the cost base now more variable, Peloton is shifting focus toward restoring revenue growth while balancing the company's goal for sustained free cash flow generation, the analyst tells investors in a research note.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Baird
Peloton price target raised to $14 from $12 at Baird
02/02/23 Barclays
Peloton price target raised to $19 from $14 at Barclays
02/02/23 Bernstein
Peloton price target raised to $20 from $13 at Bernstein
02/02/23 Truist
Truist ups Peloton target, 'warming up to the story again'
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $14 from $12 at Baird » 06:46
02/02/23
02/02
06:46
02/02/23
06:46
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Baird analyst Jonathan…

Baird analyst Jonathan Komp raised the firm's price target on Peloton to $14 from $12 and keeps a Neutral rating on the shares. The analyst raised his target but said he would avoid chasing the stock while noting the company has effectively addressed near-term liquidity concerns, but proving current initiatives can drive incremental and profitable growth will require some further heavy lifting.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Barclays
Peloton price target raised to $19 from $14 at Barclays
02/02/23 Bernstein
Peloton price target raised to $20 from $13 at Bernstein
02/02/23 Truist
Truist ups Peloton target, 'warming up to the story again'
02/02/23 Exane BNP Paribas
Peloton downgraded to Underperform from Neutral at Exane BNP Paribas
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Peloton price target raised to $19 from $14 at Barclays » 06:36
02/02/23
02/02
06:36
02/02/23
06:36
PTON

Peloton

/

+

Barclays analyst Mario Lu…

Barclays analyst Mario Lu raised the firm's price target on Peloton to $19 from $14 and keeps an Overweight rating on the shares. The company's total revenue and connected subs came in above expectations, seeing an uplift from the holiday season, and adjusted free cash flow burn turned positive in the quarter, well ahead of Peloton's breakeven goal by fiscal year end, the analyst tells investors in a research note. The firm continues to favor the stock here as it views both the Q3 and Q4 revenue guides as "more than achievable to beat."

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PTON Peloton
/

+

PTON Peloton
/

+

02/02/23 Bernstein
Peloton price target raised to $20 from $13 at Bernstein
02/02/23 Truist
Truist ups Peloton target, 'warming up to the story again'
02/02/23 Exane BNP Paribas
Peloton downgraded to Underperform from Neutral at Exane BNP Paribas
02/02/23 Citi
Peloton price target raised to $22 from $18 at Citi
PTON Peloton
/

+

PTON Peloton
/

+

PTON Peloton
/

+

PTON Peloton
/

+

Recommendations
Peloton price target raised to $20 from $13 at Bernstein » 06:22
02/02/23
02/02
06:22
02/02/23
06:22
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Bernstein analyst Aneesha…

Bernstein analyst Aneesha Sherman raised the firm's price target on Peloton to $20 from $13 and keeps an Outperform rating on the shares. Peloton has done the work on fixing the business, results are showing through, and the progress continues, the firm says. Bernstein updates its numbers post-Q2 and models a positive margin mix shift, leaner Opex, positive free cash flow at year-end 2023 and positive adjusted EBITDA in 2024.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Truist
Truist ups Peloton target, 'warming up to the story again'
02/02/23 Exane BNP Paribas
Peloton downgraded to Underperform from Neutral at Exane BNP Paribas
02/02/23 Citi
Peloton price target raised to $22 from $18 at Citi
02/02/23 Piper Sandler
Peloton price target raised to $17 from $12 at Piper Sandler
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

Recommendations
Truist ups Peloton target, 'warming up to the story again' » 05:33
02/02/23
02/02
05:33
02/02/23
05:33
PTON

Peloton

$16.37 /

+3.455 (+26.75%)

Truist analyst Youssef…

Truist analyst Youssef Squali raised the firm's price target on Peloton to $15 from $10 and keeps a Hold rating on the shares. The company's fiscal Q2 results and Q3 guidance show that management is making "real progress" on fixing Peloton by reaccelerating growth in connected fitness subscribers, working down inventory and stabilizing cash flow, the analyst tells investors in a research note. The firm is "warming up to the story again" with Peloton expected to reach free cash flow profitability by June and be repositioned for profitable growth in fiscal 2024. However, "much work remains to prove" that the company's various new initiatives will drive significant growth and profitability over time, writes the analyst.

ShowHide Related Items >><<
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

02/02/23 Exane BNP Paribas
Peloton downgraded to Underperform from Neutral at Exane BNP Paribas
02/02/23 Citi
Peloton price target raised to $22 from $18 at Citi
02/02/23 Piper Sandler
Peloton price target raised to $17 from $12 at Piper Sandler
02/01/23 JMP Securities
Peloton downgraded to Market Perform from Outperform at JMP Securities
PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

PTON Peloton
$16.37 /

+3.455 (+26.75%)

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