Top Analyst Ratings
Adobe (ADBE) was downgraded to Sell by Rothschild & Co. with a target price of $280.
Alphabet Inc. (GOOGL) had its target price updated to $160 by Loop Capital, maintaining a Hold rating.
Amazon (AMZN) was reiterated with a Buy rating by Truist Financial, which raised its target price to $250.
Apple Inc. (AAPL) was upgraded to Hold by Jefferies with a target price of $188.
Coinbase (COIN) maintained its Buy rating at Bernstein with a target price of $510.
Datadog (DDOG) had its target updated to $170 by Wedbush, maintaining a Buy rating.
Microsoft Corp. (MSFT) was reiterated as a Buy by DA Davidson with a raised target price of $600.
Netflix (NFLX) had its target price increased to $1,140 by Goldman Sachs, which maintained a Neutral rating.
Tesla Inc. (TSLA) maintained an Outperform rating at Wedbush with a target price of $500.
Zscaler (ZS) was reiterated as Outperform by JMP Securities with a raised target of $355.
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Interesting to see Adobe get downgraded while Microsoft and Amazon continue to see upward momentum. Makes you wonder if Adobe’s fundamentals are diverging more than the market realizes.
It’s interesting to see such a mix of ratings across the tech sector this week—Adobe getting a downgraded sell rating while Microsoft and Amazon both saw buy ratings with raised targets. The contrasting approaches from different analysts really highlight how nuanced the current market sentiment is, especially given the macroeconomic headwinds. It’ll be worth watching how these companies perform against their new targets over the coming quarters.