Top Analyst Coverage Updates for March 4th, 2025

Apple Inc. (AAPL)
Goldman Sachs recently updated Apple’s target price to $294, maintaining a “Buy” rating. This reflects confidence in Apple’s robust product lineup, strong brand equity, and its ability to capitalize on growth in services and wearable technologies.

Argenx SE (ARGX)
Morgan Stanley has raised its target price for Argenx to $750.00, keeping a “Buy” rating. This comes as a result of Argenx’s promising pipeline of therapies, particularly in immunology, with strong potential for FDA approvals in the near future.

BlackBerry Limited (BB:CA)
Morningstar continues to maintain a “Hold” rating for BlackBerry with a target price of $5.40. The company is still navigating a difficult transformation from a hardware-based business model to a software and services-driven strategy.

Coinbase Global, Inc. (COIN)
Morningstar has maintained a “Hold” rating for Coinbase with a target price of $170.00. The rating reflects concerns around regulatory risks and competition in the cryptocurrency market, despite Coinbase’s strong position in the space.

Costco Wholesale Corporation (COST)
Telsey Advisory has raised Costco’s target price to $1,100, maintaining a “Buy” rating. The company’s consistent performance and resilient business model, including its membership-based revenue model, have contributed to its ongoing positive outlook.

Carvana Co. (CVNA)
J.P. Morgan updated its target price for Carvana to $350.00, while maintaining a “Buy” rating. This reflects optimism around Carvana’s potential to scale its used-car online platform, especially with growing consumer preference for e-commerce.

Datadog, Inc. (DDOG)
Scotiabank raised Datadog’s target price to $155.00 while maintaining a “Buy” rating. As a leader in cloud infrastructure monitoring, Datadog is well-positioned to benefit from the expanding cloud services market.

Domino’s Pizza, Inc. (DPZ)
Stephens has adjusted its target price for Domino’s Pizza to $440.00, maintaining a “Hold” rating. Despite steady demand for delivery, the company faces increased competition and rising food costs, which may impact profitability.

eBay Inc. (EBAY)
Stifel Nicolaus raised eBay’s target price to $63.00 while maintaining a “Hold” rating. The e-commerce giant continues to face pressures from changing consumer behaviors and competition but remains a stable player in its sector.

Element Fleet Management Corp. (ELE:CA)
Raymond James raised its target price for Element Fleet Management to $2.00, maintaining a “Buy” rating. The company’s solid position in fleet management and growing demand for electric vehicle solutions are key drivers behind this positive outlook.

Enbridge Inc. (ENB:CA)
CIBC maintained an “Outperform” rating for Enbridge with a target price of $66.00. The pipeline operator’s stable cash flows and strategic investments in renewable energy projects support a positive long-term outlook.

EOG Resources, Inc. (EOG)
Morgan Stanley updated its target price to $142.00 for EOG Resources, maintaining a “Hold” rating. Despite favorable conditions in oil and gas, the company is facing some headwinds with respect to commodity price volatility and production growth.

EQT Corporation (EQT)
Capital One Financial raised EQT’s target price to $48.00 while maintaining a “Buy” rating. EQT is benefiting from strong natural gas prices and increased demand, positioning it well in the energy sector.

Hut 8 Mining Corp. (HUT:CA)
Benchmark Co. raised its target price for Hut 8 to $41.00, maintaining a “Buy” rating. The cryptocurrency mining company stands to gain from growing blockchain technology and increasing Bitcoin adoption.

Janux Therapeutics, Inc. (JANX)
H.C. Wainwright raised Janux Therapeutics’ target price to $70.00 while maintaining a “Buy” rating. The biotech firm’s promising drug pipeline in cancer therapy supports optimism about its future performance.

Jasper Therapeutics, Inc. (JSPR)
Oppenheimer raised its target price for Jasper Therapeutics to $80.00, keeping a “Buy” rating. The company’s lead therapeutic candidate has shown significant potential in treating blood disorders, bolstering investor confidence.

Jackson Financial Inc. (JXN)
Morgan Stanley updated the target price to $92.00 for Jackson Financial, maintaining a “Hold” rating. The life insurance and retirement services firm remains under pressure from interest rate changes and regulatory uncertainty.

The Mosaic Company (MOS)
BMO Capital increased its target price for Mosaic to $44.00, maintaining a “Buy” rating. The agricultural giant stands to benefit from rising global demand for fertilizers, positioning it for strong earnings growth.

Mosaic Co (Canada) (MOS:CA)
CIBC maintained a “Neutral” rating with a target price of $32.00 for Mosaic Co (Canada). The company’s exposure to global agricultural markets presents opportunities but also risks depending on commodity cycles.

MesoLabs, Inc. (MSDL)
J.P. Morgan raised its target price to $20.50 for MesoLabs, maintaining a “Hold” rating. The company is still early in its growth phase, and while its market position is improving, it faces challenges in scaling its products.

MasTec, Inc. (MTZ)
Robert W. Baird raised its target price for MasTec to $153.00 while maintaining a “Hold” rating. The infrastructure construction company continues to benefit from rising demand in energy and telecommunications projects.

Newmont Corporation (NEM)
Morningstar maintains a “Buy” rating for Newmont with a target price of $51.00. As one of the largest gold mining companies in the world, Newmont is well-positioned to capitalize on inflationary pressures and rising gold prices.

Cloudflare, Inc. (NET)
Piper Sandler raised Cloudflare’s target price to $161.81, maintaining a “Hold” rating. While Cloudflare’s cloud security solutions have strong growth prospects, there are concerns about competition and profitability in the short term.

Nutrien Ltd. (NTR:CA)
Morningstar maintains a “Buy” rating for Nutrien with a target price of $99.00. The agricultural solutions provider stands to benefit from higher crop prices and increased demand for fertilizers.

Ocular Therapeutix, Inc. (OCUL)
JMP Securities raised its target price for Ocular Therapeutix to $19.00, maintaining a “Buy” rating. The company’s promising ophthalmic therapies continue to capture attention from investors.

Okta, Inc. (OKTA)
Robert W. Baird increased Okta’s target price to $130.00, maintaining a “Buy” rating. As a leader in identity management, Okta’s growth prospects are tied to expanding digital security needs across businesses.

ON Semiconductor Corporation (ON)
Needham raised its target price for ON Semiconductor to $57.00, maintaining a “Buy” rating. The company’s position in the semiconductor industry is strengthened by the growing demand for chips in automotive and industrial applications.

Optical Cable Corporation (OPT)
JonesTrading raised the target price for Optical Cable to $13.00, maintaining a “Buy” rating. The company’s stable position in the fiber optic cable market continues to offer growth potential.

Ovintiv Inc. (OVV)
Truist Financial updated its target price to $60.00 for Ovintiv, maintaining a “Buy” rating. The energy producer stands to benefit from rising oil prices and robust demand in the energy sector.

Petra Resources Inc. (PET:CA)
CIBC maintained an “Outperform” rating for Petra Resources with a target price of $29.00. The company’s significant reserves in oil and gas position it well for growth in the energy sector.

Planet Fitness, Inc. (PLNT)
Stifel Nicolaus raised its target price for Planet Fitness to $82.00, maintaining a “Hold” rating. The fitness chain continues to grow its membership base but faces challenges with rising competition and market saturation.

Restaurant Brands International Inc. (QSR:CA)
Morningstar maintained a “Buy” rating for Restaurant Brands International with a target price of $109.00. The parent company of well-known brands like Tim Hortons and Burger King continues to benefit from its diversified global presence.

Spotify Technology S.A. (SPOT)
Morgan Stanley raised the target price for Spotify to $670.00, maintaining a “Buy” rating. The music streaming giant’s strong user base and potential for growth in podcasts and paid subscriptions support a positive outlook.

Telus Corporation (T:CA)
Cormark Securities raised the target price for Telus to $23.00, maintaining a “Hold” rating. The telecommunications company faces pressure from regulatory developments and competition, though its solid customer base offers stability.

Spin Master Corp. (TOY:CA)
Morningstar maintains a “Strong Buy” rating for Spin Master with a target price of $40.00. The toymaker continues to benefit from strong consumer demand for its innovative products.

Pembina Pipeline Corporation (TSE:PPL)
RBC Capital raised its target price for Pembina Pipeline to $65.00, maintaining a “Buy” rating. As a major player in the energy infrastructure sector, Pembina stands to benefit from growing demand for energy transportation services.

Waste Connections, Inc. (TSE:WCN)
RBC Capital updated its target price for Waste Connections to $211.00, maintaining a “Buy” rating. The waste management company continues to demonstrate growth through acquisitions and its solid position in North America.

The Trade Desk, Inc. (TTD)
Truist Financial raised its target price for The Trade Desk to $130.00, maintaining a “Buy” rating. As a leader in digital advertising technology, the company benefits from the rapid shift to programmatic advertising.

Zoom Video Communications, Inc. (ZM)
Barclays raised its target price for Zoom Video to $190.00, maintaining a “Hold” rating. While the company remains a leader in video conferencing, growth has slowed since the pandemic surge, leading to a more cautious outlook.

Zscaler, Inc. (ZS)
Robert W. Baird raised Zscaler’s target price to $240.00, maintaining a “Buy” rating. The cybersecurity firm continues to grow as demand for secure cloud solutions increases, positioning it for long-term success.