Roblox Downgraded, Quanta Services Upgraded: Key Analyst Calls
Wall Street analysts have issued several notable upgrades and downgrades. Guggenheim upgraded Quanta Services (PWR) to Buy from Neutral with a $800 price target after strong Q2 results validated the company's value proposition. Similarly, Stifel raised Saia (SAIA) to Buy from Hold at $438 due to positive operational trends and pricing power. On the downside, Benchmark downgraded Roblox (RBLX) to Sell with a $33 price target after disappointing Q3 guidance and withdrawn annual forecasts. Analysts cited concerns over lifecycle decline as monetization weakened in Q2 following earlier issues with user acquisition. Other notable downgrades include Boston Scientific (BSX), MarketAxess (MKTX), GoDaddy (GDDY), and Coastal Financial (CCB). These moves reflect shifting investor sentiment based on recent earnings, strategic developments, and market conditions.
Tickers: $BSX $CCB $GDDY $IP $MKTX $NXT $PWR $RBLX $REPL $SAIA