Shopify upgraded, Coinbase downgraded: Wall Street's top analyst calls

Upgrades - Fastly (FSLY) upgraded to Outperform from Market Perform due to a "stellar" quarter driven by rising contribution from agentic AI traffic [2] - MercadoLibre (MELI) upgraded to Overweight from Neutral with a price target increase to $2,800 from $2,650, citing valuation after recent underperformance [2] - Analog Devices (ADI) upgraded to Overweight from Equal Weight with a price target increase to $375 from $315, highlighting strong correlation between sales growth and the Purchasing Managers' Index [3] - BorgWarner (BWA) upgraded to Buy from Hold with a price target increase to $82 from $46, noting a pivotal shift with the company's entrance into the AI data center market [3] - Shopify (SHOP) upgraded to Buy from Hold with an unchanged price target of $159, citing valuation and strong quarter performance [3] - Shopify also upgraded to Outperform from Neutral with an unchanged price target of $150 [3] Downgrades - Coinbase (COIN) downgraded to Sell from Buy with a price target of $120, as estimates are cut ahead of the Q4 report, modeling softness through the first half of 2026 [4] - Kraft Heinz (KHC) downgraded to Underweight from Neutral with a price target decrease to $22 from $24, despite a Q4 beat, due to below consensus growth and earnings outlooks for 2026 [4] - Icon (ICLR) downgraded to Underperform from Neutral with a price target decrease to $75 from $195, following an internal board investigation into accounting practices [4] - Inspire Medical (INSP) downgraded to Equal Weight from Overweight with a price target decrease to $70 from $145, citing uncertainty about physician reimbursement [4] - Humana (HUM) downgraded to Sector Perform from Outperform with a price target decrease to $189 from $322, indicating a balanced risk/reward setup in an uncertain reimbursement backdrop [4]