Goldman analyst Mark Delaney lifted his rating on Tesla (TSLA) - Get Report to buy from neutral, and pumped his price target on the electric-vehicle group by more than 70% to $780 a share, the highest on Wall Street.
Stitch Fix (SFIX) - Get Report was downgraded by MKM Partners analyst Roxanne Meyer to sell from neutral over valuation. Meyer raised her price target for the online personal shopping company to $28 from $25, reflecting recent market activity.
Ollie's Bargain Outlet (OLLI) - Get Report was downgraded to neutral from buy by Goldman Sachs analyst Chandni Luthra, who cut her price target to $95 a share from $122. Other analysts also cut their price targets for the discount store operator.
Price Target Change
DocuSign (DOCU) - Get Report analysts boosted their price targets after the e-signature company beat Wall Street's third-quarter expectations. Citi analyst Walter Pritchard, for example, raised his price target to $282 from $257 and maintained his buy rating on the shares.
Snowflake (SNOW) - Get Report received several price-target upgrades from analysts after the cloud-based data-warehouse company reported better-than-expected third-quarter sales. Piper Sandler raised its one-year target to $312 from $264, while Morgan Stanley raised its target to $265 from $220.
Carvana (CVNA) - Get Report rose after Jefferies analysts initiated coverage of the online used car dealer with a buy rating and a price target of $300. They acted on Carvana’s growth potential and the ease it brings to car buying. The Jefferies analysts also began coverage of two rivals: Vroom (VRM) - Get Report, at hold with a price target of $38, and CarGurus (CARG) - Get Report, at hold with a price target of $26.