Analysts were busy this week, upgrading, changing price targets on, and initiating coverage of a variety of companies.
Alphabet (GOOGL) - Get Report was upgraded to buy from hold by analysts at Loop Capital Markets, who also lifted their price target for shares of the advertising, search and cloud giant to $2,525 from $1,895.
Palantir Technologies (PLTR) - Get Report was upgraded to buy from neutral by analysts at Goldman Sachs, who also more than doubled their share-price target for the data-analytics company to $34 from $13.
Callaway Golf (ELY) - Get Report was downgraded to market perform from outperform by analysts at Cowen, who also raised their share-price target for the golf-equipment producer to $28 a share from $22.
Tilray (TLRY) - Get Report was downgraded to neutral from overweight, by Piper Sandler, which raised its price target to $26 from $15. Benchmark cut its rating to hold from buy and more than doubled its price target to $32 from $12.
Analysts at DA Davidson, Jefferies and Susquehanna raised their price targets for Trade Desk (TTD) - Get Report after the application software company beat Wall Street's fourth-quarter-earnings expectations.
Twilio (TWLO) - Get Report saw its price targets increased by Piper Sandler and Keybanc after the cloud-based software provider reported fourth-quarter sales and earnings that were better than analysts’ forecasts.
Cantor Fitzgerald raised its share-price target for Tilray 25%, to $30.25 from $24.20 and maintained its neutral rating.