Wall Street's analyst community was busy Thursday, adjusting price targets and ratings across a diverse group of stocks. The moves ranged from bullish raises on retailers and streaming platforms to cautious downgrades on electric vehicle makers. Here's what the pros are saying about ten companies that caught their attention.
Needham analyst N. Quinn Bolton raised his price target on Microchip Technology Incorporated (MCHP) from $73 to $75, maintaining a Buy rating on the semiconductor company. Shares closed Wednesday at $63.61, suggesting the analyst sees meaningful upside ahead for the chipmaker.
BTIG analyst Marie Thibault bumped up her price target for Masimo Corporation (MASI) from $198 to $200, keeping a Buy rating on the medical device maker. The stock settled at $138.09 on Wednesday, indicating Thibault expects substantial gains from current levels.
In less optimistic news, Piper Sandler analyst Hannah Rudoff lowered her price target on nCino, Inc. (NCNO) from $34 to $30 while maintaining a Neutral rating. The banking software company closed Wednesday at $25.57, already trading well below even the reduced target.
BTIG analyst Janine Stichter increased her price target for Steven Madden, Ltd. (SHOO) from $43 to $50, maintaining a Buy rating on the footwear company. Steven Madden shares closed at $44.11 on Wednesday, putting the new target roughly 13% above current prices.
Telsey Advisory Group analyst Dana Telsey boosted her price target for Macy's, Inc. (M) from $22 to $25 while maintaining a Market Perform rating. The department store giant closed Wednesday at $22.46, just slightly above the previous target and within reach of the new one.
B of A Securities analyst Ross Fowler increased his price target on ONE Gas, Inc. (OGS) from $90 to $92, keeping a Buy rating on the natural gas utility. ONE Gas shares settled at $79.79 on Wednesday, suggesting Fowler sees about 15% upside from current levels.
Guggenheim analyst John Heinbockel raised his price target for Dollar Tree, Inc. (DLTR) from $125 to $130 while maintaining a Buy rating. The discount retailer closed at $112.92 on Wednesday, positioning the stock for potential gains if Heinbockel's thesis plays out.
One of the day's more dramatic moves came from HSBC analyst Yuqian Ding, who slashed the price target on Li Auto Inc. (LI) from $30.3 to $18.6 and downgraded the stock from Buy to Hold. The Chinese electric vehicle maker closed at $17.44 on Wednesday, already trading near the reduced target and reflecting the challenges facing the EV sector.
Citizens analyst Patrick Walravens cut his price target for Salesforce, Inc. (CRM) from $430 to $405 but maintained a Market Outperform rating. Salesforce shares settled at $238.72 on Wednesday, well below both the old and new targets, suggesting Walravens still sees significant upside potential despite the reduction.
Finally, Guggenheim analyst Michael Morris raised his price target on Roku, Inc. (ROKU) from $110 to $115 while maintaining a Buy rating. Roku shares closed at $92.98 on Wednesday, meaning the new target implies approximately 24% upside for the streaming platform. This optimistic call on Roku comes as the company continues navigating the competitive streaming landscape and working to monetize its platform more effectively.
These analyst calls reflect the ongoing debate about valuations across sectors, from technology and retail to utilities and electric vehicles. Whether these price targets prove accurate depends on countless factors, including broader market conditions, company execution, and macroeconomic trends. But they do offer a snapshot of how professional analysts are thinking about these stocks right now.
