Notable research calls from key Wall Street analysts today led to upgrades and downgrades on many of the company's high-profile stocks.
Bank of America upgraded PayPal (PYPL, Financial). The brokerage firm raised its price target on Buy and recommended buying HP (symbol HPQ) from Neutral to Buy, lifting its price target to $103 from $86. The company said it had made progress in its turnaround efforts and was expecting transaction profit to accelerate in 2025.
Meanwhile, Barclays upgraded Robinhood (HOOD, Financial) Overweight from Equal Weight) to $49 from $26. Analysts said its differentiated growth potential and improving execution capabilities requested specific attention.
Other upgrades included Baird raising VeriSign (VRSN, Financial)."We are upgrading our rating on VRSN to Outperform from Neutral and $250, up from $200". Thanks to regulatory resolutions, the company has been able to refocus on domain growth.
On the downside, analysts at The Fly reported a downgrade for Advanced Micro Devices (AMD, Financial) from Buy to Neutral: As pressure increases regarding the ability to hold a competitive advantage while facing broader market pressures, AMD is under scrutiny.
The calls follow shifting analyst views as markets remain volatile. These views have large implications for the trajectory of the named stocks over the next few weeks.
