Check out today's top analyst calls from around Wall Street, compiled by The Fly.
'FAIRLY DEFINED' CATALYST PATH: JPMorgan analyst Seth Seifman upgraded Boeing (BA) to Overweight from Neutral with a price target of $275, up from $260. The shares have a "fairly defined catalyst path," and the first, namely China's MAX certification, "is now in view," Seifman told investors in a research note. Further, the analyst believes Boeing's position at the center of global air travel "offers confidence that it will recover financially over time and risk-reward now skews favorably." Seifman acknowledges the upgrade "may be early" and that he is "prepared for a slog."
BUYING OPPORTUNITY: UBS analyst Rayna Kumar assumed coverage of PayPal (PYPL) with a Buy rating and $263 price target. The analyst believes the pullback following its third quarter earnings release provides a buying opportunity, and already prices in depressed earnings through the first half of 2022. PayPal should benefit from the accelerated growth of digital payments sparked by the pandemic, while expanding its moat as a two-sided payments network, Kumar told investors in a research note. The analyst also assumed coverage of Visa (V) and MasterCard (MA) with Buy ratings and price targets of $275 and $448, respectively.
Additionally, Kumar initiated coverage of
MOVING TO THE SIDELINES: JPMorgan analyst Alexia Quadrani downgraded Activision Blizzard (ATVI) to Neutral from Overweight with a price target of $88, down from $100. The ongoing misconduct allegations against CEO Bobby Kotick suggest an overhang will remain on the shares, Quadrani argued. Continued negative press reports and "fresh allegations" give her pause on the company's ability to hire and retain talent and execute on its pipeline. Without resolution of these challenges, the analyst believes Activision shares will not be able to outperform.
BUY CROWDSTRIKE: DA Davidson analyst Rudy Kessinger initiated coverage of Crowdstrike (CRWD) with a Buy rating and $320 price target. The analyst is positive on the company's "superior" cloud-native technology that has significant networks effects driving sustainable competitive advantages, along with its large and expanding total addressable market. Kessinger further cited Crowdstrike's multiple drivers to sustain high rates of growth and its "significant operating margin expansion" that is likely over the next several years.
REOPENING PLAY: JPMorgan analyst Paul Chung upgraded GoPro (GPRO) to Overweight from Neutral with a price target of $15, up from $13. The analyst believes the company's "strong execution" is underscored by its pivot to direct-to-consumer, high subscriber attach rate on GoPro.com and price increases. These are driving GoPro's margins structurally higher, increasing revenue visibility, and "smoothing out" sales over the longer term, Chung told investors in a research note. The analyst also views GoPro as a "reopening play" as the world opens back up.
Boeing
+2.88 (+1.27%)
PayPal
-2.435 (-1.18%)
Visa
-0.51 (-0.25%)
MasterCard
-2.53 (-0.70%)
FIS
-0.17 (-0.15%)
Global Payments
+0.88 (+0.70%)
Symbol now FI
-0.34 (-0.34%)
acquired by MSFT
-1.7 (-2.65%)
Crowdstrike
+5.025 (+1.86%)
GoPro
+0.295 (+2.55%)