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Nikola, Qualcomm, Tesla: Weekly Upgrades and Downgrades

TheStreet's weekly guide to upgrades, downgrades and price-target changes includes Nikola, Qualcomm and Tesla.

Analysts were busy this week, upgrading and changing their price targets for a variety of companies.

Upgrades

Nikola  (NKLA)  was upgraded to neutral from underperform by a Wedbush analyst, who also raised his price target on the electric truck maker to $25 from $15.

Kohl's  (KSS)  was upgraded to outperform from market perform by analysts at Cowen, who also raised their price target on department store chain to $52 a share from $39.

Palo Alto Networks  (PANW)  was upgraded to outperform from neutral by a Credit Suisse analyst, who raised his price target on the cybersecurity company to $425 from $385. 

Micron Technology  (MU)  received a double upgrade to buy from sell from Citigroup analysts,who raised their price target on the chipmaker by $65 to $100 per share. Deutsche Bank also boosted its price target by $10 to $85 a share, while RBC Capital Markets raised its price target by $26 to $83 per share

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TheStreet Recommends

Several Wall Street analysts lifted their one-year price targets for Google parent Alphabet  (GOOGL)  after the company's fourth-quarter earnings beat estimates. Susquehanna's Shyam Patil, for example, lifted his target to a Wall Street-high of $3,000 from $2,000.

Downgrades

Stitch Fix  (SFIX)  was downgraded to hold from buy by Stifel analyst Lamont Williams, who raised his price target to $83 from $64 on the online apparel retailer to reflect the stock’s recent surge.

Qualcomm  (QCOM)  was downgraded by Citi analyst Christopher Danely to neutral from buy. Danely also lowered his price target on the mobile-phone chipmaker to $165 a share from $194.

Price Target Changes

Piper Sandler analyst Alex Potter increased his Tesla  (TSLA)  price target to a new Wall Street-high $1,200 per share, noting that Tesla “fireworks aren’t over” yet.

Stifel analyst John Egbert raised his share-price target on Snap  (SNAP)  company to $70 from $60 while keeping a buy rating on the stock. Other analysts joined Egbert in support of the Snapchat parent after the company beat Wall Street's fourth-quarter earnings expectatuons.