Analysts this week were busy upgrading, downgrading and changing price targets on a variety of companies.
Carvana (CVNA) - Get Report was upgraded to overweight from equal weight by Morgan Stanley analyst Adam Jonas, who also nearly doubled his price target on the stock, to a Wall Street high of $420 from $225.
Mattel (MAT) - Get Report offered a strong earnings outlook for this year and beyond, prompting Citi analyst Shawn to upgrade the toymaker to buy from neutral and lift his price target to $22.50 from $20.
Price Target Change
ZoomInfo Technologies (ZI) - Get Report sparked several analyst upgrades after reporting better-than-expected fourth-quarter earnings. Analysts from Deutsche Bank, Credit Suisse, Truist Securities and Mizuho raised their price targets on the stock
Several analysts lowered their one-year price targets for Salesforce (CRM) - Get Report after the sales-tracking software giant reported solid fourth-quarter earnings but cautioned on future growth due to its integration of Slack (WORK) - Get Report.