🌎 MarketBeat Daily Premium: Daily Analysts' Updates for 9/3/2024 - Special Preview

[Editor's Note] This is a special free preview edition of our premium newsletter that is being sent to some of our most engaged subscribers (that's you). If you would like to learn more about MarketBeat All Access or sign-up for a free 30-day trial subscription, click here.

Ratings changes for Intuitive Machines, Amazon.com, Axsome Therapeutics, Pagaya Technologies, Applied Optoelectronics, Caribou Biosciences, Rocket Lab USA and more...Upgrade to MarketBeat All Access to get early delivery, personalized stock alerts, portfolio monitoring tools, and more. Start Your Free Trial. View In Web Browser.

VIEW MY PORTFOLIO

September 3rd, 2024

Today's Top Stories 3 Small Cap Stocks That Insiders Are Buying US closes 5-year probe of General Motors SUV seat belt failures due to added warranty coverage The market bottom indicator is flashing again (WealthPress) Analysts Forecast Big Upside for Western Digital—Don't Miss Out Montana Democrat Busse releases tax returns as he seeks a debate with Gov. Gianforte 3 Must-Own Stocks for Bullish Investors in Today's Market Hyundai unveils 2025 electric SUVs aiming for broader appeal with improved range, charging options 3 Undervalued Stocks That Are Surprisingly Cheap Right Now Canva Says Massive Subscription Price Increase Is Due to New AI Features Why Mega Investors Are Betting Big on Alibaba Stock's Comeback COVID-19 government disaster loans saved businesses, but saddled survivors with debt Seize the Opportunity: Lyft's Ad Sales Surge Points to Rebound AI Slop is Everywhere We Look — Here's How Businesses Can Avoid the AI Slop Cycle Quick Links View in Browser Account Settings Mobile App Your Watchlist Analyst Ratings Earnings Announcements Dividend Announcements Insider Trades Latest News Market Data Research Stocks Leave Us a Review Getting Started with Your MarketBeat Subscription  Read Your Daily Newsletter  Check Out My MarketBeat  Watch Our Tutorial Videos  Add a Stock to Your Watchlist  Set Up an Instant Alert  View a Company's Profile Page  Customize Your Newsletter  View Current Brokerage Rankings Your Watchlist(s) You have not added any stocks to your watchlist. Click here to add stocks from your portfolio to your watchlist. Analyst Ratings Changes Analysts' Upgrades Company Brokerage Rating Price Target Current Price Read More  AAOI Applied Optoelectronics Raymond James     Upgrade Market Perform ➝ Outperform $17.00  42.6% Upside $11.92  ADSK Autodesk HSBC Holdings plc     Upgrade Hold ➝ Buy $242.00 ➝ $299.00  15.5% Upside $258.95  ADSK Autodesk The Goldman Sachs Group, Inc.     Upgrade Sell ➝ Neutral $225.00 ➝ $295.00  13.9% Upside $258.95  BAC Bank of America Deutsche Bank Aktiengesellschaft     Upgrade Hold ➝ Buy $45.00  10.3% Upside $40.80  CPAY Corpay Wolfe Research     Upgrade Underperform ➝ Peer Perform $314.88  DB Deutsche Bank Aktiengesellschaft Barclays PLC     Upgrade Equal Weight ➝ Overweight $15.96  ERO Ero Copper Raymond James     Upgrade Market Perform ➝ Outperform $19.29  FRGE Forge Global UBS Group AG     Upgrade Neutral ➝ Buy $3.00  125.6% Upside $1.33  IFF International Flavors & Fragrances Mizuho     Upgrade Neutral ➝ Outperform $109.00 ➝ $120.00  14.7% Upside $104.66  KOF Coca-Cola FEMSA The Goldman Sachs Group, Inc.     Upgrade Neutral ➝ Buy $86.23  LMT Lockheed Martin MeliusNot Ranked Upgrade Hold ➝ Buy $704.00  23.9% Upside $568.32  LUV Southwest Airlines Evercore ISI     Upgrade In-Line ➝ Outperform $30.00 ➝ $35.00  18.9% Upside $29.44  MTB M&T Bank JPMorgan Chase & Co.     Upgrade Neutral ➝ Overweight $183.00 ➝ $215.00  25.0% Upside $172.00  NCNO nCino Raymond James     Upgrade Market Perform ➝ Outperform $38.00  27.0% Upside $29.92  NTAP NetApp Loop Capital     Upgrade Hold ➝ Buy $121.00 ➝ $150.00  26.0% Upside $119.05  RDFN Redfin B. Riley     Upgrade Neutral ➝ Buy $7.50 ➝ $13.00  35.7% Upside $9.58  RIG Transocean DNB Markets     Upgrade Hold ➝ Buy $4.29  STLD Steel Dynamics UBS Group AG     Upgrade Neutral ➝ Buy $129.00 ➝ $145.00  26.3% Upside $114.82  U Unity Software Morgan Stanley     Upgrade Equal Weight ➝ Overweight $22.00 ➝ $22.00  31.9% Upside $16.68  V Visa BNP Paribas     Upgrade Neutral ➝ Outperform $325.00  15.7% Upside $281.00  WFC Wells Fargo & Company Deutsche Bank Aktiengesellschaft     Upgrade Hold ➝ Buy $65.00  10.6% Upside $58.77 Analysts' Downgrades Company Brokerage Rating Price Target Current Price Read More  CAL Caleres Loop Capital     Downgrade Buy ➝ Hold $45.00 ➝ $45.00  11.5% Upside $40.37  CME CME Group Bank of America Co.     Downgrade Neutral ➝ Underperform $212.00 ➝ $177.00  16.6% Downside $212.11  MA Mastercard BNP Paribas (A. Faure)      Downgrade Outperform ➝ Neutral $470.00  3.0% Downside $484.43  NVS Novartis Jefferies Financial Group Inc.     Downgrade Buy ➝ Hold $118.84  OPAL OPAL Fuels Scotiabank     Downgrade Sector Outperform ➝ Sector Perform $8.00 ➝ $5.00  40.8% Upside $3.55 Analysts' Price Target Changes Company Brokerage Rating Price Target Current Price Read More  ADSK Autodesk Citigroup Inc.     Boost Price Target Buy ➝ Buy $316.00 ➝ $325.00  25.5% Upside $258.95  AHR American Healthcare REIT Truist Financial Co.     Boost Price Target Buy ➝ Buy $17.00 ➝ $22.00  4.0% Upside $21.15  AIM AIM ImmunoTech Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $5.25 ➝ $5.00  1368.0% Upside $0.34  ALL Allstate TD Cowen     Boost Price Target Buy ➝ Buy $193.00 ➝ $224.00  17.6% Upside $190.46  AMTX Aemetis Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $20.00 ➝ $19.00  726.1% Upside $2.30  AMZN Amazon.com JMP Securities     Boost Price Target Market Outperform ➝ Market Outperform $245.00 ➝ $265.00  50.0% Upside $176.72  ATEC Alphatec Lake Street Capital     Lower Price Target Buy ➝ Buy $32.00 ➝ $18.00  161.2% Upside $6.89  BBY Best Buy The Goldman Sachs Group, Inc.     Boost Price Target Buy ➝ Buy $95.00 ➝ $116.00  13.5% Upside $102.21  BILI Bilibili Bank of America Co.     Boost Price Target Buy ➝ Buy $18.00 ➝ $19.00  28.9% Upside $14.74  BIOL BIOLASE Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $3.50 ➝ $2.00  3336.4% Upside $0.06  BLDR Builders FirstSource Oppenheimer Holdings Inc.     Boost Price Target Outperform ➝ Outperform $190.00 ➝ $205.00  21.2% Upside $169.14  BXP Boston Properties Piper Sandler     Boost Price Target Neutral ➝ Neutral $70.00 ➝ $78.00  5.1% Upside $74.24  CC Chemours The Goldman Sachs Group, Inc.     Lower Price Target Neutral ➝ Neutral $29.00 ➝ $23.00  23.0% Upside $18.70  CIEN Ciena Stifel Nicolaus     Boost Price Target Buy ➝ Buy $62.00 ➝ $68.00  21.1% Upside $56.13  CLNE Clean Energy Fuels Scotiabank     Boost Price Target Sector Outperform ➝ Sector Outperform $5.00 ➝ $6.00  108.3% Upside $2.88  CNK Cinemark Wedbush     Boost Price Target Outperform ➝ Outperform $28.00 ➝ $31.00  13.0% Upside $27.43  CNM Core & Main JPMorgan Chase & Co.     Lower Price Target Overweight ➝ Overweight $54.00 ➝ $52.00  10.4% Upside $47.12  COCH Envoy Medical Ascendiant Capital Markets (E. Woo)      Boost Price Target Buy ➝ Buy $8.50 ➝ $8.75  171.7% Upside $3.22  COGT Cogent Biosciences HC Wainwright     Lower Price Target Buy ➝ Buy $19.00 ➝ $17.00  57.3% Upside $10.81  CRDO Credo Technology Group Stifel Nicolaus     Boost Price Target Buy ➝ Buy $36.00 ➝ $40.00  24.5% Upside $32.13  CXM Sprinklr Rosenblatt Securities     Lower Price Target Buy ➝ Buy $14.00 ➝ $11.00  27.5% Upside $8.63  DG Dollar General Barclays PLC     Lower Price Target Overweight ➝ Overweight $154.00 ➝ $102.00  19.8% Upside $85.13  DINO HF Sinclair Wells Fargo & Company     Lower Price Target Overweight ➝ Overweight $60.00 ➝ $54.00  13.9% Upside $47.43  DK Delek US Wells Fargo & Company     Boost Price Target Underweight ➝ Underweight $20.00 ➝ $21.00  2.9% Upside $20.41  DKS DICK'S Sporting Goods TD Cowen     Boost Price Target Buy ➝ Buy $266.00 ➝ $270.00  16.4% Upside $231.93  ESTC Elastic Canaccord Genuity Group Inc.     Lower Price Target Buy ➝ Buy $125.00 ➝ $110.00  49.3% Upside $73.67  FRPT Freshpet Robert W. Baird     Boost Price Target Outperform ➝ Outperform $140.00 ➝ $157.00  10.3% Upside $142.33 GAP GAP Telsey Advisory Group     Lower Price Target Market Perform $29.00 ➝ $26.00  13.3% Upside $22.95  GKOS Glaukos Stifel Nicolaus     Boost Price Target Buy ➝ Buy $130.00 ➝ $145.00  9.1% Upside $132.94  GOGO Gogo Morgan Stanley     Lower Price Target Equal Weight ➝ Equal Weight $12.00 ➝ $11.00  38.7% Upside $7.93  GOOGL Alphabet Morgan Stanley     Lower Price Target Overweight ➝ Overweight $205.00 ➝ $190.00  19.9% Upside $158.42  GWRE Guidewire Software Robert W. Baird     Boost Price Target Outperform ➝ Outperform $152.00 ➝ $165.00  12.7% Upside $146.46  HD Home Depot DA Davidson (M. Baker)      Boost Price Target Buy ➝ Buy $395.00 ➝ $430.00  17.8% Upside $365.05  IMAX IMAX Wedbush     Boost Price Target Outperform ➝ Outperform $24.00 ➝ $26.00  22.5% Upside $21.22  IOBT IO Biotech Morgan Stanley     Lower Price Target Overweight ➝ Overweight $7.00 ➝ $4.00  294.1% Upside $1.02  JBL Jabil JPMorgan Chase & Co.     Lower Price Target Overweight ➝ Overweight $137.00 ➝ $133.00  27.9% Upside $104.02  JKS JinkoSolar The Goldman Sachs Group, Inc.     Lower Price Target Sell ➝ Sell $21.00 ➝ $18.00  1.2% Downside $18.22  KBH KB Home The Goldman Sachs Group, Inc.     Boost Price Target Neutral ➝ Neutral $72.00 ➝ $82.00  0.7% Upside $81.39  KRG Kite Realty Group Trust Piper Sandler     Boost Price Target Overweight ➝ Overweight $30.00 ➝ $33.00  27.2% Upside $25.94  LWAY Lifeway Foods Noble Financial (J. Gomes)      Boost Price Target Outperform ➝ Outperform $20.00 ➝ $25.00  27.8% Upside $19.56  LYFT Lyft Loop Capital (R. Sanderson)      Lower Price Target Buy ➝ Buy $20.00 ➝ $16.00  38.9% Upside $11.52  MAC Macerich Piper Sandler     Boost Price Target Underweight ➝ Underweight $11.00 ➝ $14.00  7.7% Downside $15.16  MCO Moody's The Goldman Sachs Group, Inc.     Boost Price Target Neutral ➝ Neutral $460.00 ➝ $514.00  5.8% Upside $485.71  MDB MongoDB Citigroup Inc.     Boost Price Target Buy ➝ Buy $350.00 ➝ $400.00  40.5% Upside $284.67  MNSO MINISO Group JPMorgan Chase & Co.     Lower Price Target Overweight ➝ Overweight $29.00 ➝ $27.00  58.8% Upside $17.00  MSI Motorola Solutions Jefferies Financial Group Inc.     Boost Price Target Buy ➝ Buy $460.00 ➝ $510.00  15.6% Upside $441.14  NCNA NuCana Oppenheimer Holdings Inc.     Lower Price Target Outperform ➝ Outperform $150.00 ➝ $25.00  655.3% Upside $3.31  NEE NextEra Energy Wells Fargo & Company     Boost Price Target Overweight ➝ Overweight $95.00 ➝ $102.00  25.8% Upside $81.11  NMRK Newmark Group Piper Sandler     Boost Price Target Overweight ➝ Overweight $13.00 ➝ $17.00  22.7% Upside $13.85  OKE ONEOK Citigroup Inc.     Boost Price Target Buy ➝ Buy $85.00 ➝ $102.00  10.4% Upside $92.37  OPT Opthea HC Wainwright     Lower Price Target Buy ➝ Buy $14.00 ➝ $12.00  316.7% Upside $2.88  OTLK Outlook Therapeutics Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $35.00 ➝ $33.00  385.3% Upside $6.80  PBF PBF Energy Wells Fargo & Company     Lower Price Target Overweight ➝ Overweight $52.00 ➝ $51.00  52.4% Upside $33.46  PCVX Vaxcyte Needham & Company LLC     Boost Price Target Buy ➝ Buy $95.00 ➝ $140.00  25.0% Upside $111.96  PCVX Vaxcyte BTIG Research     Boost Price Target Buy ➝ Buy $98.00 ➝ $160.00  42.9% Upside $111.96  PGR Progressive Keefe, Bruyette & Woods (M. Shields)      Boost Price Target Outperform ➝ Outperform $255.00 ➝ $275.00  8.9% Upside $252.59  PGR Progressive Bank of America Co.     Boost Price Target Buy ➝ Buy $294.00 ➝ $312.00  23.5% Upside $252.59  PHUN Phunware Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $22.00 ➝ $20.00  525.0% Upside $3.20  PRCT PROCEPT BioRobotics Truist Financial Co.     Boost Price Target Buy ➝ Buy $74.00 ➝ $95.00  23.6% Upside $76.84  PSTV Plus Therapeutics Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $21.00 ➝ $20.00  1238.8% Upside $1.49  PSX Phillips 66 Wells Fargo & Company     Boost Price Target Overweight ➝ Overweight $176.00 ➝ $182.00  36.1% Upside $133.76  RXRX Recursion Pharmaceuticals Jefferies Financial Group Inc.     Lower Price Target Hold ➝ Hold $8.00 ➝ $6.00  1.5% Downside $6.09  RXRX Recursion Pharmaceuticals Leerink Partners     Lower Price Target Market Perform ➝ Market Perform $9.00 ➝ $8.00  31.4% Upside $6.09  SOHO Sotherly Hotels Piper Sandler     Lower Price Target Neutral ➝ Neutral $2.00 ➝ $1.50  22.0% Upside $1.23  SOPA Society Pass Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $21.00 ➝ $19.00  1692.5% Upside $1.06  STE STERIS KeyCorp     Boost Price Target Overweight ➝ Overweight $255.00 ➝ $265.00  8.9% Upside $243.25  SUI Sun Communities Robert W. Baird     Boost Price Target Outperform ➝ Outperform $144.00 ➝ $145.00  7.4% Upside $134.99  TEVA Teva Pharmaceutical Industries UBS Group AG     Boost Price Target Buy ➝ Buy $24.00 ➝ $26.00  40.0% Upside $18.57  TIGR UP Fintech Citigroup Inc.     Lower Price Target Buy ➝ Buy $6.49 ➝ $5.00  38.1% Upside $3.62  TITN Titan Machinery B. Riley (A. Rygiel)      Lower Price Target Neutral ➝ Neutral $20.00 ➝ $15.00  8.8% Upside $13.79  TROX Tronox The Goldman Sachs Group, Inc.     Lower Price Target Buy ➝ Buy $21.00 ➝ $18.00  36.7% Upside $13.17  UBER Uber Technologies Loop Capital     Boost Price Target Buy ➝ Buy $83.00 ➝ $84.00  17.1% Upside $71.75  ULTA Ulta Beauty Loop Capital     Lower Price Target Buy ➝ Buy $520.00 ➝ $450.00  22.5% Upside $367.39  VEEV Veeva Systems Truist Financial Co.     Boost Price Target Hold ➝ Hold $197.00 ➝ $207.00  5.1% Downside $218.07  VERA Vera Therapeutics JPMorgan Chase & Co.     Boost Price Target Overweight ➝ Overweight $62.00 ➝ $72.00  91.7% Upside $37.55  VERB Verb Technology Ascendiant Capital Markets     Lower Price Target Buy ➝ Buy $4.50 ➝ $4.00  5115.1% Upside $0.08  VLO Valero Energy Wells Fargo & Company     Boost Price Target Equal Weight ➝ Equal Weight $165.00 ➝ $172.00  21.8% Upside $141.18  YY JOYY JPMorgan Chase & Co.     Boost Price Target Neutral ➝ Neutral $30.00 ➝ $35.00  1.4% Upside $34.52 Analysts' New Coverage Company Brokerage Rating Price Target Current Price Read More  ACHR Archer Aviation HC Wainwright     Initiated Coverage Buy $12.50  268.7% Upside $3.39  ACLX Arcellx Cantor Fitzgerald     Initiated Coverage Overweight $66.01  ALGM Allegro MicroSystems UBS Group AG     Initiated Coverage Buy $33.00  38.4% Upside $23.85  ANRO Alto Neuroscience Wedbush     Initiated Coverage Outperform $29.00  122.2% Upside $13.05  AXSM Axsome Therapeutics Wells Fargo & Company     Initiated Coverage Overweight $140.00  58.3% Upside $88.43  CMC Commercial Metals Jefferies Financial Group Inc.     Initiated Coverage Buy $65.00  27.4% Upside $51.01  EIC Eagle Point Income B. Riley     Initiated Coverage Buy $17.50  12.3% Upside $15.59  ERO Ero Copper Bank of America Co.     Initiated Coverage Buy $28.00  45.2% Upside $19.29  EVEX EVE HC Wainwright     Initiated Coverage Buy $6.00  119.0% Upside $2.74  FHTX Foghorn Therapeutics Jefferies Financial Group Inc.     Initiated Coverage Buy $18.00  125.8% Upside $7.97  FICO Fair Isaac Oppenheimer Holdings Inc.     Initiated Coverage Outperform $1,967.00  14.6% Upside $1,716.38  FTLF FitLife Brands Roth Mkm     Initiated Coverage Buy $40.00  20.1% Upside $33.31  HASI Hannon Armstrong Sustainable Infrastructure Capital Royal Bank of Canada     Initiated Coverage Outperform $41.00  27.3% Upside $32.21  HCA HCA Healthcare Morgan Stanley     Initiated Coverage Equal Weight $427.00  8.0% Upside $395.51  HCP HashiCorp Citigroup Inc.     Initiated Coverage Neutral ➝ Neutral $35.00  3.6% Upside $33.80  JAMF Jamf The Goldman Sachs Group, Inc.     Initiated Coverage Neutral $21.00  18.6% Upside $17.70  JOBY Joby Aviation HC Wainwright     Initiated Coverage Buy $9.00  82.6% Upside $4.93  LNTH Lantheus Redburn AtlanticNot Ranked Initiated Coverage Buy $175.00  64.9% Upside $106.15  MKSI MKS Instruments The Goldman Sachs Group, Inc.     Initiated Coverage Neutral $129.00  18.2% Upside $109.11  NARI Inari Medical Leerink Partners     Initiated Coverage Market Perform $47.00  9.5% Upside $42.91  OLN Olin BMO Capital Markets     Initiated Coverage Market Perform $50.00  17.9% Upside $42.42  PASG Passage Bio Rodman & Renshaw     Initiated Coverage Buy $7.00  913.5% Upside $0.69  PEN Penumbra Leerink Partners     Initiated Coverage Outperform $263.00  28.4% Upside $204.82  SLN Silence Therapeutics Jefferies Financial Group Inc.     Initiated Coverage Buy $40.00  108.8% Upside $19.16  SLNO Soleno Therapeutics HC Wainwright     Initiated Coverage Buy $70.00  49.2% Upside $46.92  TXG 10x Genomics Leerink Partners     Initiated Coverage Outperform $35.00  52.6% Upside $22.93  WLDN Willdan Group Wedbush     Initiated Coverage Outperform $35.00 ➝ $51.00  32.9% Upside $38.37 Earnings Announcements Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. START YOUR 30-DAY FREE TRIAL Screeners & Reports Stock Screener ETF Screener Ratings Screener Dividend Screener Earnings Announcements Insider Trades Screener Retirement Calculator Most-Upgraded Stocks Most-Downgraded Stocks Top-Rated Analysts Top Insider-Buying Stocks Top Insider-Selling Stocks Stocks to Short Research Tools Idea Engine Live News Feed Momentum Alerts Compare Stocks Export Market Data Premium Stock Lists Top MarketRank™ Stocks Top ESG Stocks Top-Rated Stocks Top-Rated Dividend Stocks High Media Sentiment Stocks Join Our Facebook Group Join MarketBeat's free stock discussion and trading idea group on Facebook. JOIN NOW

Thank you for subscribing to MarketBeat! We empower individual investors to make better trading decisions by providing real-time financial information and objective market research. MarketBeat is a small business and email is a crucial tool for us to share information, news, trading ideas and financial products and services with our subscribers (that's you!). If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.   If you would like to unsubscribe or change which emails you receive, you can manage your mailing preferences or unsubscribe from these emails.   © 2006-2024 MarketBeat Media, LLC. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.   Today's Bonus Content: How Biden fixed the election for Kamala