The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.
Top 5 Upgrades:
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Daiwa upgraded Broadcom (AVGO) to Buy from Outperform with a price target of $225, down from $275. The firm sees “four strong drivers” for Broadcom in 2025 and going forward into the future, namely the company’s application-specific integrated circuit processors, networking, the VMware acquisition continuing to provide growth, and core semiconductor business, which is getting close to growing after two weak years.
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Cantor Fitzgerald upgraded Atlassian (TEAM) to Overweight from Neutral with a price target of $272, down from $304. Atlassian reported continued stable net recurring revenue on its most recent call and Cantor’s updated checks on Atlassian were constructive with expansion efforts, moves up market, and overall growth trends and competitive positioning.
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Raymond James upgraded Allegiant Travel (ALGT) to Strong Buy from Outperform with a price target of $90, down from $125, in conjunction with the firm’s U.S. airlines earnings preview. The firm favors stocks with idiosyncratic earnings drivers that should help offset any macro-driven headwinds.
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H.C. Wainwright upgraded Sarepta (SRPT) to Neutral from Sell with an unchanged price target of $75. The firm cites valuation for the upgrade following the recent selloff.
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Goldman Sachs upgraded Fiserv (FI) to Buy from Neutral with a price target of $260, up from $246. The firm expects accelerating momentum across the company’s Merchant and Financial Solutions, driven by continued growth in Clover.
Top 5 Downgrades:
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Deutsche Bank downgraded Paramount (PARA) to Hold from Buy with a price target of $12, down from $15. The firm sees the stock’s risk/reward as more balanced now, given that it sees increasing risk to Paramount’s advertising outlook due to macroeconomic factors.
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Raymond James downgraded United Airlines (UAL) to Market Perform from Outperform with no price target in conjunction with the firm’s U.S. airlines earnings preview. Among the group, target prices were lowered due to earnings cuts and application of lower multiples reflecting elevated macro uncertainty, notes the firm.
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Truist downgraded nCino (NCNO) to Hold from Buy with a price target of $21, down from $44. The company’s Q4 results were overshadowed “by a number of compounding headwinds” impacting guidance, including slower than expected customer expansion with consumer solutions, prior over-optimism on mortgage rebound expectations, and weaker than expected sales execution, particularly in Europe, the firm tells investors in a research note. Goldman Sachs and Scotiabank also downgraded the stock to Neutral-equivalent ratings.
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UBS downgraded Reinsurance Group (RGA) to Neutral from Buy with a price target of $216, down from $250, after a transfer in analyst coverage. The firm sees a “growth shift-related overhang persisting” on the shares over the near-term.
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UBS downgraded Corebridge (CRBG) to Sell from Buy with a price target of $28, down from $40, after a transfer in analyst coverage. The firm’s analysis suggests 4% downside risk to IR assets under management through year-end 2026 and believes consensus is overlooking the combination of fixed/index annuity surrender pressure, as well as VA outflows, the firm notes.
