2021-05-14 09:54:37 | Fly Intel: Top five analyst upgradesCatch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snowflake (SNOW) upgraded to Buy from Neutral at Goldman Sachs with analyst Kash Rangan saying the shares have corrected 34% since January 21 compared to an 11% decline across the broader software coverage and a 3% decline for the Nasdaq. 2. Unity Software (U) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying following the recent selloff, the analyst sees an "attractive entry point for a good compounding growth story." 3. Churchill Downs (CHDN) upgraded to Buy from Hold at Jefferies with analyst David Katz calling it "one of the best growth stories in Gaming" and arguing that drivers that include continued growth in the historical racing machine business in Kentucky, growth in Illinois, top line growth in the Kentucky Derby and margin benefits in regional casinos remain intact. 4. DoorDash (DASH) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Brian Fitzgerald thinking DoorDash's beat and raise is large enough to offset the rotation to "value" that has afflicted growth stocks year-to-date. 5. Airbnb (ABNB) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Brian Fitzgerald saying Airbnb's strong Q1 results demonstrate the company's positive momentum exiting the pandemic, with Airbnb se to benefit from secular demand shifts, increasing category familiarity/favorability, and shifts in workplace flexibility, which represent long-term tailwinds for the short-term rentals market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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