Wall Street Analyst Updates: CrowdStrike, Amazon, and Rivian Upgraded While Coinbase Downgraded
A series of significant analyst rating changes occurred on Monday across multiple sectors. Deutsche Bank upgraded CrowdStrike (CRWD) to 'Buy' with a $300 price target, citing AI-driven market expansion for cybersecurity. Similarly, PhillipCapital upgraded Amazon (AMZN) to 'Buy,' highlighting its model-agnostic AI positioning and full-stack capabilities. In the automotive sector, UBS upgraded Rivian (RIVN) to 'Buy,' viewing recent price declines as a buying opportunity ahead of upcoming product ramps. Conversely, Morgan Stanley issued a notable downgrade for Coinbase (COIN), moving it to 'Underweight' from 'Equal Weight.' The firm cited uncertainty in the crypto market and lowered revenue and EBITDA projections for 2027/28. Additionally, while Melius reiterated a 'Buy' on Nvidia (NVDA), it reduced its price target from $420 to $315, suggesting potential pressure on valuation multiples through 2028.
Tickers: $AMD $AMZN $AVGO $COIN $CRWD $GME $NVDA $PMT $RIVN $SN $TEVA
Topics: Stock Analyst Downgrades Stock Analyst Upgrades Wall Street Sentiment
Part of the story Wall Street Analyst Updates: CrowdStrike, Amazon, and Rivian Upgraded While Coinbase Downgraded (6 articles)