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Twitter, Starbucks, Carvana: Upgrades and Downgrades

TheStreet's weekly guide to upgrades, downgrades and price-target changes includes Carvana, Starbucks, Twitter and Salesforce.
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Analysts this week were busy upgrading, downgrading and changing price targets on a variety of companies.


Carvana  (CVNA) - Get Carvana Co. Class A 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.

McAfee  (MCFE) - Get McAfee Corp. Report was upgraded by Deutsche Bank analyst Patrick Colville. He raised his share-price target to $23.50 from $20.50.

American Airlines  (AAL) - Get American Airlines Group Inc. Report and several other carriers were upgraded by Deutsche analyst Michael Linenberg, who said the sector was "back on track."

Mattel  (MAT) - Get Mattel Inc. 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.

Snapchap parent Snap  (SNAP) - Get Snap Inc. Class A Report was upgraded to overweight from equal-weight by Morgan Stanley analyst Brian Nowak.

Starbucks  (SBUX) - Get Starbucks Corporation Report was upgraded to outperform from market perform by BMO Capital Andrew Strelzik, who raised his price target on the Seattle coffee-bar chain's stock to $120 from $102.

MGM Resorts International  (MGM) - Get MGM Resorts International Report was upgraded by Argus analyst John Staszak to buy from hold. The analyst has a price target of $42 on Las Vegas’s biggest casino operator.

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Cannabis company Canopy Growth  (CGC) - Get Canopy Growth Corporation Report was downgraded to underperform from hold by Jefferies analyst Owen Bennett, who has a target price of $23.03.

Price Target Change

Goldman Sachs analyst Heath Terry lifted his share-price target for Twitter  (TWTR) - Get Twitter Inc. Report to $112 from $78, while continuing his buy rating for the social media platform.

A number of analysts who follow Nvidia  (NVDA) - Get NVIDIA Corporation Report raised their share-price targets after the semiconductor titan reported stronger-than-expected earnings.

ZoomInfo Technologies  (ZI) - Get ZoomInfo Technologies Inc. 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 Salesforce Inc. 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 Slack Technologies, Inc. Class A Report.

Analysts raised their price targets for Upwork  (UPWK) - Get Upwork Inc. Report after the online staffing platform reported better-than-expected fourth-quarter earnings.

Oppenheimer analyst Jed Kelly raised his price target for the financial services company Square  (SQ) - Get Block Inc. Class A Report by a third, to $280 from $210, and affirmed an outperform rating.

Analysts raised price targets for Tripadvisor  (TRIP) - Get TripAdvisor Inc. Report, touting the travel-guidance platform's new direct-to-consumer subscription offering, Tripadvisor Plus.