U.S. Analyst Ratings Today: 226 Updates, 10 Upgrades and 46 Target Increases
Wall Street analysts released 226 rating and price-target actions covering 184 U.S.-listed companies on September 22, 2026. The daily activity included 10 upgrades, two downgrades, 46 target increases, 28 target reductions, 22 new coverage initiations, 45 newly stated price targets and 73 reiterated ratings.
The overall tone was constructive but selective. Of the 226 actions, 122 carried positive recommendations such as Buy, Outperform, Overweight, Market Outperform or Strong Buy. Another 55 carried neutral recommendations, while only 9 used explicitly bearish ratings such as Sell, Underweight, Underperform or Reduce. Ratings were not stated in 40 target-only actions.
Market and Sector Outlook
Technology and digital-infrastructure coverage remained active, with analysts raising targets on several software, semiconductor and cloud-related companies while also issuing cautious initiations on selected high-valuation artificial-intelligence infrastructure names. Healthcare and biotechnology attracted numerous Buy, Outperform and Overweight recommendations, although several clinical-stage companies continued to show wide target dispersion. Real estate produced a large number of fresh target settings and mixed recommendation changes, suggesting analysts remain highly selective about property type, financing sensitivity and earnings visibility. Energy ratings were generally constructive, while consumer-facing companies received a mixture of supportive reiterations and valuation-driven target cuts. Overall, the balance of upgrades over downgrades and target increases over reductions points to a moderately bullish analyst backdrop, but the large number of neutral calls indicates that stock selection remains important.
Analyst Ratings (USA)
| Company Name | Stock Symbol | Analyst | Action | Rating | New Target Price | Old Target Price |
|---|---|---|---|---|---|---|
| Advanced Drainage Systems | WMS | Stephens | Maintains | Overweight | $175.00 | |
| Agios Pharmaceuticals | AGIO | Bank of America | Target Up | Buy | $50.00 | $46.00 |
| Airbnb | ABNB | Royal Bank Of Canada | Maintains | Outperform | $195.00 | |
| Alexandria Real Estate Equities | ARE | Evercore | Maintains | Outperform | $59.00 | |
| Alkermes | ALKS | HC Wainwright | Maintains | Neutral | ||
| Alkermes | ALKS | Needham & Company LLC | Maintains | Buy | $62.00 | |
| Alkermes | ALKS | TD Cowen | Maintains | Buy | ||
| Alnylam Pharmaceuticals | ALNY | HC Wainwright | Maintains | Buy | $455.00 | |
| Amer Sports | AS | BMO Capital Markets | Maintains | Outperform | ||
| Amer Sports | AS | Citigroup | Maintains | Buy | ||
| Amer Sports | AS | UBS Group | Target Set | $38.00 | ||
| American Electric Power | AEP | BMO Capital Markets | Maintains | Market Perform | ||
| American Electric Power | AEP | UBS Group | Target Set | $139.00 | ||
| American Homes 4 Rent | AMH | Mizuho | Upgrades | Outperform | $36.00 | $35.00 |
| Amrize | AMRZ | Sanford C. Bernstein | Maintains | Outperform | $60.00 | |
| Antero Midstream | AM | UBS Group | Target Down | Neutral | $22.00 | $24.00 |
| AON | AON | Citigroup | Initiates | Buy | $435.00 | |
| APA | APA | Truist Financial | Target Up | Hold | $44.00 | $39.00 |
| Applied Digital | APLD | Rothschild & Co Redburn | Target Set | Neutral | $22.00 | |
| Arhaus | ARHS | Jefferies Financial Group | Target Set | Buy | $10.00 | |
| Arhaus | ARHS | Jefferies Financial Group | Upgrades | Buy | $10.00 | $9.50 |
| Arteris | AIP | Craig Hallum | Initiates | Buy | $30.00 | |
| AT&T | T | BNP Paribas Exane | Upgrades | Outperform | $30.00 | $26.00 |
| Atlassian | TEAM | Cantor Fitzgerald | Target Up | Overweight | $220.00 | $175.00 |
| Aurora Innovation | AUR | Cantor Fitzgerald | Maintains | Overweight | ||
| Autodesk | ADSK | Guggenheim | Maintains | Buy | $283.00 | |
| AutoNation | AN | Citigroup | Target Down | Buy | $255.00 | $290.00 |
| AutoZone | AZO | Evercore | Target Set | $3,500.00 | ||
| AvePoint | AVPT | Stephens | Target Up | Overweight | $17.00 | $16.00 |
| Axalta Coating Systems | AXTA | BMO Capital Markets | Maintains | Market Perform | ||
| Azul | AZUL | BWS Financial | Maintains | Buy | $20.00 | |
| BCB Bancorp, Inc. (NJ) | BCBP | Piper Sandler | Target Down | Neutral | $9.50 | $11.00 |
| Black Hills | BKH | Bank of America | Target Up | Buy | $97.00 | $87.00 |
| BlackBerry | BB | Royal Bank Of Canada | Maintains | Sector Perform | $9.00 | |
| BlossomHill Therapeutics | BLSM | Guggenheim | Target Up | Buy | $40.00 | $30.00 |
| BlossomHill Therapeutics | BLSM | Leerink Partners | Target Up | Outperform | $40.00 | $36.00 |
| Boeing | BA | Jefferies Financial Group | Target Down | Buy | $265.00 | $295.00 |
| Boston Scientific | BSX | Oppenheimer | Target Down | Outperform | $65.00 | $85.00 |
| Brinker International | EAT | DA Davidson | Target Down | Neutral | $210.00 | $240.00 |
| Bullish | BLSH | UBS Group | Target Set | $43.00 | ||
| BXP | BXP | Evercore | Target Set | $67.00 | ||
| Camden Property Trust | CPT | Evercore | Target Set | $110.00 | ||
| Candel Therapeutics | CADL | Bank of America | Upgrades | Buy | $18.00 | $12.00 |
| CDW | CDW | Barclays | Target Down | Equal Weight | $148.00 | $150.00 |
| Ciena | CIEN | Evercore | Upgrades | Outperform | $550.00 | |
| Cipher Mining | CIFR | Rothschild & Co Redburn | Initiates | Neutral | $18.00 | |
| Cleveland-Cliffs | CLF | Glj Research | Target Up | Buy | $17.48 | $15.60 |
| Colgate-Palmolive | CL | Piper Sandler | Target Down | Overweight | $95.00 | $98.00 |
| Compania Cervecerias Unidas | CCU | HSBC | Maintains | Reduce | $10.00 | $15.00 |
| Constellation Brands | STZ | Evercore | Target Set | $160.00 | ||
| Core Scientific | CORZ | Rothschild & Co Redburn | Initiates | Neutral | $16.00 | |
| CoreWeave | CRWV | Btg Pactual | Target Set | $125.00 | ||
| CoreWeave | CRWV | Rothschild & Co Redburn | Initiates | Sell | $54.00 | |
| Cousins Properties | CUZ | Evercore | Target Set | $33.00 | ||
| Cracker Barrel Old Country Store | CBRL | UBS Group | Target Up | Neutral | $46.00 | $37.00 |
| Credo Technology Group | CRDO | Mizuho | Target Down | Outperform | $245.00 | $290.00 |
| Crown Castle | CCI | Morgan Stanley | Target Set | $85.00 | ||
| CubeSmart | CUBE | Evercore | Target Set | $46.00 | ||
| Delek Logistics Partners | DKL | UBS Group | Target Up | Neutral | $57.00 | $55.00 |
| Dell Technologies | DELL | Morgan Stanley | Target Up | Equal Weight | $511.00 | $499.00 |
| Digital Realty Trust | DLR | Rothschild & Co Redburn | Initiates | Buy | $227.00 | |
| Donnelley Financial Solutions | DFIN | Needham & Company LLC | Maintains | Buy | $60.00 | |
| Dycom Industries | DY | KeyCorp | Target Up | Overweight | $429.00 | $423.00 |
| EastGroup Properties | EGP | Evercore | Target Set | $200.00 | ||
| Edgewise Therapeutics | EWTX | HC Wainwright | Target Up | Buy | $57.00 | $45.00 |
| Element Solutions | ESI | BMO Capital Markets | Maintains | Outperform | $45.00 | |
| Empire State Realty Trust | ESRT | Evercore | Target Set | $5.00 | ||
| Enphase Energy | ENPH | Jefferies Financial Group | Target Set | $42.00 | ||
| Enphase Energy | ENPH | The Goldman Sachs Group | Target Down | Buy | $47.00 | $55.00 |
| Equinix | EQIX | Rothschild & Co Redburn | Initiates | Buy | $1,261.00 | |
| Equity Lifestyle Properties | ELS | Evercore | Target Set | $68.00 | ||
| Equity Lifestyle Properties | ELS | Mizuho | Maintains | Neutral | $65.00 | $72.00 |
| Equity Lifestyle Properties | ELS | UBS Group | Target Set | $65.00 | ||
| Essential Properties Realty Trust | EPRT | Evercore | Maintains | Outperform | $37.00 | |
| Essex Property Trust | ESS | Evercore | Target Set | $299.00 | ||
| eToro Group | ETOR | Cantor Fitzgerald | Maintains | Overweight | ||
| EVgo | EVGO | Evercore | Maintains | Outperform | $2.50 | |
| Excelerate Energy | EE | Raymond James Financial | Maintains | Strong Buy | $50.00 | |
| Extra Space Storage | EXR | Evercore | Target Set | $146.00 | ||
| Extra Space Storage | EXR | JPMorgan Chase & Co. | Target Down | Neutral | $153.00 | $157.00 |
| ExxonMobil | XOM | Royal Bank Of Canada | Maintains | Sector Perform | ||
| Federal Realty Investment Trust | FRT | Evercore | Target Set | $123.00 | ||
| Ferrari | RACE | UBS Group | Maintains | Buy | ||
| Fidelity National Information Services | FIS | UBS Group | Maintains | Neutral | ||
| Five9 | FIVN | Cantor Fitzgerald | Target Up | Overweight | $40.00 | $34.00 |
| Five9 | FIVN | Needham & Company LLC | Maintains | Buy | ||
| Fluence Energy | FLNC | Mizuho | Target Down | Underperform | $6.00 | $8.00 |
| Flutter Entertainment | FLUT | Rothschild & Co Redburn | Maintains | Neutral | $119.00 | $169.00 |
| General Mills | GIS | Royal Bank Of Canada | Maintains | Outperform | $45.00 | |
| Global Medical REIT | XRN | Cantor Fitzgerald | Initiates | Overweight | $43.00 | |
| Guardian Pharmacy Services | GRDN | Truist Financial | Target Up | Buy | $51.00 | $47.00 |
| HubSpot | HUBS | BMO Capital Markets | Target Up | Market Perform | $250.00 | $215.00 |
| HubSpot | HUBS | Stephens | Target Up | Equal Weight | $255.00 | $251.00 |
| HubSpot | HUBS | Truist Financial | Target Up | Buy | $275.00 | $230.00 |
| Huntington Bancshares | HBAN | DA Davidson | Target Down | Buy | $20.00 | $22.00 |
| Hut 8 | HUT | Rothschild & Co Redburn | Initiates | Neutral | $96.00 | |
| Immunome | IMNM | Alliance Global Partners | Initiates | Buy | $32.00 | |
| Innate Pharma | IPHA | HC Wainwright | Maintains | Buy | ||
| Intapp | INTA | UBS Group | Target Up | Buy | $46.00 | $40.00 |
| Intuit | INTU | BMO Capital Markets | Maintains | Outperform | ||
| Intuitive Machines | LUNR | Cantor Fitzgerald | Maintains | Overweight | ||
| Invitation Home | INVH | BTIG Research | Target Set | $32.00 | ||
| Invitation Home | INVH | Mizuho | Upgrades | Outperform | $32.00 | $31.00 |
| IQM Quantum Computers | IQMX | BTIG Research | Initiates | Buy | $20.00 | |
| IREN | IREN | Rothschild & Co Redburn | Initiates | Neutral | $40.00 | |
| Iron Mountain | IRM | Rothschild & Co Redburn | Initiates | Buy | $132.00 | |
| JBG SMITH Properties | JBGS | Evercore | Maintains | Underperform | $12.00 | |
| Joby Aviation | JOBY | Cantor Fitzgerald | Maintains | Neutral | ||
| Joby Aviation | JOBY | HC Wainwright | Maintains | Buy | $18.00 | |
| Kilroy Realty | KRC | Evercore | Target Set | $44.00 | ||
| Krystal Biotech | KRYS | Bank of America | Target Up | Buy | $400.00 | $392.00 |
| Labcorp | LH | Truist Financial | Target Up | Buy | $365.00 | $350.00 |
| Lennar | LEN | Citigroup | Target Down | Neutral | $85.00 | $88.00 |
| Lipocine | LPCN | HC Wainwright | Maintains | Neutral | $4.00 | |
| Lowe’s Companies | LOW | Guggenheim | Maintains | Buy | $275.00 | |
| Lucid Group | LCID | Cantor Fitzgerald | Maintains | Neutral | ||
| Macerich | MAC | Evercore | Upgrades | Outperform | $26.00 | |
| Magnolia Oil & Gas | MGY | Truist Financial | Maintains | Buy | $34.00 | $33.00 |
| Marathon Petroleum | MPC | Jefferies Financial Group | Target Set | $413.00 | ||
| Marathon Petroleum | MPC | The Goldman Sachs Group | Target Up | Buy | $472.00 | $376.00 |
| Martin Marietta Materials | MLM | Wells Fargo & Company | Target Down | Overweight | $585.00 | $609.00 |
| Marvell Technology | MRVL | Morgan Stanley | Target Up | Equal Weight | $268.00 | $246.00 |
| McDonald’s | MCD | BMO Capital Markets | Maintains | Outperform | ||
| McDonald’s | MCD | KeyCorp | Maintains | Overweight | ||
| McDonald’s | MCD | Needham & Company LLC | Maintains | Buy | ||
| McDonald’s | MCD | UBS Group | Target Set | Buy | $320.00 | $340.00 |
| McDonald’s | MCD | UBS Group | Target Down | Buy | $320.00 | $340.00 |
| Meta Platforms | META | Wells Fargo & Company | Target Up | Overweight | $796.00 | $640.00 |
| Microsoft | MSFT | Cantor Fitzgerald | Target Up | Overweight | $608.00 | $522.00 |
| Microsoft | MSFT | Citigroup | Maintains | Market Outperform | ||
| Microsoft | MSFT | Rothschild & Co Redburn | Target Set | $440.00 | ||
| Nano Nuclear Energy | NNE | Needham & Company LLC | Initiates | Buy | $33.00 | |
| Nebius Group | NBIS | Rothschild & Co Redburn | Initiates | Sell | $84.00 | |
| NexGen Energy | NXE | JPMorgan Chase & Co. | Initiates | Overweight | $14.00 | |
| NextNav | NN | Wells Fargo & Company | Maintains | Buy | ||
| NIKE | NKE | Stifel Nicolaus | Target Set | Hold | $40.00 | $45.00 |
| NNN REIT | NNN | Evercore | Target Set | $47.00 | ||
| NNN REIT | NNN | Morgan Stanley | Upgrades | Overweight | $50.00 | |
| Noah | NOAH | JPMorgan Chase & Co. | Target Down | Neutral | $9.70 | $10.50 |
| ODDITY Tech | ODD | JPMorgan Chase & Co. | Initiates | Neutral | $18.00 | |
| Okta | OKTA | Needham & Company LLC | Target Up | Buy | $230.00 | $200.00 |
| Otis Worldwide | OTIS | Sanford C. Bernstein | Maintains | Outperform | ||
| Palo Alto Networks | PANW | Morgan Stanley | Target Set | Overweight | $410.00 | $394.00 |
| Palvella Therapeutics | PVLA | Chardan Capital | Initiates | Buy | $240.00 | |
| Paycom Software | PAYC | KeyCorp | Target Up | Overweight | $280.00 | $270.00 |
| PDF Solutions | PDFS | DA Davidson | Maintains | Buy | $74.00 | |
| PDF Solutions | PDFS | DA Davidson | Target Set | $24.00 | ||
| PDF Solutions | PDFS | UBS Group | Maintains | Neutral | ||
| Phillips Edison & Company, Inc. | PECO | Evercore | Maintains | Outperform | ||
| Phillips Edison & Company, Inc. | PECO | Griffin Securities | Target Set | $44.00 | ||
| Plains All American Pipeline | PAA | Barclays | Target Up | Underweight | $24.00 | $23.00 |
| Plains All American Pipeline | PAA | Mizuho | Target Up | Outperform | $30.00 | $27.00 |
| Plains All American Pipeline | PAA | Raymond James Financial | Maintains | Strong Buy | $27.00 | |
| Plains All American Pipeline | PAA | UBS Group | Target Up | Buy | $28.00 | $27.00 |
| Plains GP | PAGP | Barclays | Target Up | Underweight | $24.00 | $23.00 |
| Plains GP | PAGP | Mizuho | Target Up | Outperform | $30.00 | $27.00 |
| Plexus | PLXS | KeyCorp | Upgrades | Overweight | $300.00 | |
| Priority Technology | PRTH | Lake Street Capital | Downgrades | Hold | $8.05 | $13.00 |
| Progressive | PGR | BMO Capital Markets | Maintains | Market Perform | ||
| Progressive | PGR | Raymond James Financial | Maintains | Outperform | $245.00 | |
| Progressive | PGR | UBS Group | Maintains | Neutral | ||
| Public Storage | PSA | Evercore | Target Set | $308.00 | ||
| Public Storage | PSA | JPMorgan Chase & Co. | Target Down | Neutral | $330.00 | $338.00 |
| Quest Diagnostics | DGX | Truist Financial | Target Up | Hold | $260.00 | $250.00 |
| QuickLogic | QUIK | Needham & Company LLC | Maintains | Buy | $20.00 | |
| Realty Income | O | Evercore | Target Set | $65.00 | ||
| Regency Centers | REG | Griffin Securities | Target Set | $81.00 | ||
| Revolution Medicines | RVMD | Bank of America | Target Up | Buy | $265.00 | $225.00 |
| RLJ Lodging Trust | RLJ | Truist Financial | Target Up | Hold | $11.00 | $10.00 |
| Roblox | RBLX | UBS Group | Target Set | $40.00 | ||
| Rocket Lab | RKLB | Cantor Fitzgerald | Maintains | Overweight | ||
| Rush Street Interactive | RSI | Stifel Nicolaus | Target Set | $34.00 | ||
| Satellogic | SATL | Cantor Fitzgerald | Maintains | Overweight | ||
| SBA Communications | SBAC | Morgan Stanley | Target Down | Equal Weight | $205.00 | $215.00 |
| Scholar Rock | SRRK | Cantor Fitzgerald | Maintains | Neutral | $70.00 | |
| Scholar Rock | SRRK | JPMorgan Chase & Co. | Target Up | Overweight | $70.00 | $63.00 |
| Securitize | SECZ | Cantor Fitzgerald | Initiates | Overweight | $21.20 | |
| Securitize | SECZ | Rosenblatt Securities | Target Up | Buy | $13.00 | $11.00 |
| ServiceNow | NOW | Cantor Fitzgerald | Target Up | Overweight | $174.00 | $141.00 |
| Simon Property Group | SPG | Evercore | Target Set | $216.00 | ||
| SL Green Realty | SLG | Evercore | Target Set | $60.00 | ||
| Smartstop Self Storage REIT | SMA | JPMorgan Chase & Co. | Target Up | Underweight | $34.00 | $33.00 |
| Snap | SNAP | UBS Group | Maintains | Neutral | ||
| SolarEdge Technologies | SEDG | Citigroup | Target Up | Sell | $30.00 | $25.00 |
| Spire | SR | BTIG Research | Maintains | Buy | $102.00 | |
| Sprinklr | CXM | Citizens Jmp | Maintains | Market Outperform | $11.00 | |
| Starbucks | SBUX | TD Cowen | Maintains | Buy | ||
| Strive | ASST | TD Cowen | Maintains | Buy | ||
| Sun Communities | SUI | Evercore | Target Set | $136.00 | ||
| Sun Communities | SUI | Mizuho | Target Down | Outperform | $136.00 | $137.00 |
| Sun Communities | SUI | UBS Group | Target Set | $136.00 | ||
| Sunbelt Rentals Holdings, Inc. Common Stock | SUNB | Morgan Stanley | Maintains | Overweight | ||
| Sunrun | RUN | The Goldman Sachs Group | Target Down | Buy | $13.00 | $15.00 |
| T-Mobile US | TMUS | JPMorgan Chase & Co. | Target Down | Overweight | $260.00 | $275.00 |
| Targa Resources | TRGP | Truist Financial | Maintains | Buy | $345.00 | $312.00 |
| Tempus AI | TEM | The Goldman Sachs Group | Initiates | Neutral | $75.00 | |
| Teradata | TDC | UBS Group | Target Down | Neutral | $32.00 | $36.00 |
| TeraWulf | WULF | Rothschild & Co Redburn | Initiates | Neutral | $15.00 | |
| Terreno Realty | TRNO | BMO Capital Markets | Maintains | Market Perform | ||
| Terreno Realty | TRNO | UBS Group | Target Set | $74.00 | ||
| Tesla | TSLA | Oppenheimer | Maintains | Market Perform | ||
| Thor Industries | THO | Bank of America | Target Down | Buy | $86.00 | $96.00 |
| Tilray Brands | TLRY | ATB Cormark Capital Markets | Target Down | Sector Perform | $6.00 | $8.00 |
| TransUnion | TRU | UBS Group | Target Down | Neutral | $82.00 | $88.00 |
| TTM Technologies | TTMI | Needham & Company LLC | Target Down | Buy | $175.00 | $220.00 |
| UL Solutions | ULS | William Blair | Maintains | Outperform | ||
| Ultragenyx Pharmaceutical | RARE | Barclays | Target Up | Overweight | $35.00 | $32.00 |
| United Dominion Realty Trust | UDR | Evercore | Target Set | $41.00 | ||
| Vail Resorts | MTN | BNP Paribas Exane | Downgrades | Neutral | $135.00 | $151.00 |
| Veeco Instruments | VECO | Northland Securities | Upgrades | Outperform | $66.00 | |
| Ventas | VTR | Evercore | Target Set | $100.00 | ||
| Vertex Pharmaceuticals | VRTX | Leerink Partners | Initiates | Outperform | $594.00 | |
| Via Transportation | VIA | Morgan Stanley | Target Up | Overweight | $33.00 | $24.00 |
| VICI Properties | VICI | Evercore | Target Set | $30.00 | ||
| Vornado Realty Trust | VNO | Truist Financial | Target Down | Hold | $35.00 | $39.00 |
| Vulcan Materials | VMC | BMO Capital Markets | Maintains | Market Perform | ||
| Vulcan Materials | VMC | DA Davidson | Maintains | Buy | $330.00 | |
| W.P. Carey | WPC | Evercore | Target Set | $75.00 | ||
| Wabtec | WAB | JPMorgan Chase & Co. | Target Up | Neutral | $320.00 | $315.00 |
| Waters | WAT | The Goldman Sachs Group | Target Up | Buy | $515.00 | $465.00 |
| Welltower | WELL | Evercore | Maintains | Outperform | $256.00 | |
| Wix.com | WIX | UBS Group | Target Up | Neutral | $75.00 | $66.00 |
| Xencor | XNCR | Bank of America | Target Up | Neutral | $26.00 | $20.00 |
| Xometry | XMTR | Citigroup | Maintains | Market Outperform | ||
| Xometry | XMTR | Citizens Jmp | Maintains | Market Outperform | $120.00 | |
| YETI | YETI | UBS Group | Maintains | Buy |
Analyst Outlook
Today’s ratings flow shows that analysts are still willing to reward companies with visible earnings momentum, improving margins and exposure to durable growth themes. However, the target reductions and neutral recommendations also show that valuation discipline remains an important part of the market outlook. Investors should treat analyst ratings as one input alongside company fundamentals, valuation, technical conditions and individual risk tolerance.
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