Stock analysts this week were busy with upgrades, downgrades and price-target changes.
Analysts at Wells Fargo Securities (WFC) - Get Wells Fargo & Company Report and Truist Securities upgraded DoorDash (DASH) - Get DoorDash Inc. Class A Report and increased their respective price targets on the stock, citing the company's strong results and outlook.
Unity Software (U) - Get Unity Software Inc. Report was upgraded to buy from hold by Stifel analysts after the 3D videogame development platform reported a 41% jump in first-quarter revenue and raised its guidance.
Activision Blizzard (ATVI) - Get Activision Blizzard Inc Report was upgraded to outperform from market perform, by a BMO analyst who also raised his price target on the the video-game maker's stock to $116 from $104.
Several analysts reduce their ratings and cut their price targets on Array Technologies (ARRY) - Get Array Technologies Inc. Report after the solar-energy-products company withdrew its annual guidance.
Alphabet (GOOGL) - Get Alphabet Inc. Report and Facebook (FB) - Get Meta Platforms Inc. Report were downgraded by Citigroup analysts to neutral from buy. Citigroup left its price targets unchanged, at $2,415 for Alphabet and $320 for Facebook.
SmileDirectClub (SDC) - Get SmileDirectClub, Inc. - Ordinary Shares - Class A Report were downgraded by analysts at J.P. Morgan and other investment firms after the oral-care company posted mixed first-quarter results and soft guidance.