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Robinhood Stock Soars Thanks to Wall Street Upgrades, Platform Expansion
Barrons.com15d agobullish
Robinhood Stock Soars Thanks to Wall Street Upgrades, Platform Expansion

Shares of Robinhood jumped 15.2% Thursday on a more favorable outlook for the company and after several analysts published positive reports about the brokerage firm’s stock in recent days. Analysts from Morgan Stanley and Scotiabank upgraded Robinhood this week. A Piper Sandler analyst raised his price target as well.

Investing.com16d agobullish
Macquarie upgrades Broadcom on Anthropic compute ramp

Investing.com -- Macquarie upgraded Broadcom to outperform in a note to clients on Thursday, arguing that the risk from Google bringing chip production in-house has largely played out and that the company is now the cleanest listed way to gain exposure to artificial intelligence developer Anthropic's compute buildout.

Investing.com17d agobearish
J.P. Morgan cuts NIO to Neutral, slashes price target on weak demand outlook

Investing.com -- J.P. Morgan downgraded NIO to Neutral from Overweight and cut its price target to $4.50 from $7.00, citing sluggish demand in China's passenger-vehicle market, intensifying price competition and limited overseas exposure that could constrain the electric-vehicle maker's earnings upside.

Investing.com18d agobullish
Morgan Stanley upgrades Robinhood, sees 43% upside

Investing.com -- Robinhood Markets (NASDAQ: HOOD) shares are up 2.4% in premarket trading after Morgan Stanley upgraded the stock to Overweight from Equal-weight and raised its price target for the stock to $150 from $124, implying 43% upside.

Investing.com19d agobearish
PG&E downgraded by Wells Fargo, BMO as California wildfire reform falls short

Investing.com -- PG&E Corp shares could face further pressure after Wells Fargo and BMO Capital Markets downgraded the utility following California lawmakers' failure to deliver meaningful reforms to the state's wildfire liability framework, leaving investors exposed to potentially open-ended costs from future fires.

Investing.com24d agobearish
Truist downgrades Nike as DKS update clouds turnaround progress

Investing.com -- Truist cut its rating for Nike (NYSE: NKE) to Hold from Buy in a note Wednesday and lowered its price target to $42 from $47, saying an update from Dick's Sporting Goods (NYSE: DKS) has muddied the picture on the sportswear group's recovery.