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 Wall Street's top analyst calls for the week of October 20, 2024
 Youtubeยท 2025-10-25 14:01
 Analyst Calls Summary   Intel - Intel's stock experienced its largest intraday increase since April 2024 after five financial firms raised their price targets, with Benchmark setting a target of $50 per share. This follows the company's Q3 earnings report, which exceeded expectations, and an increase in demand driven by AI [2].   Deckers Outdoor - Deckers Outdoor, known for Hoka sneakers and UGGs, saw price target reductions from Raymond James and Telsey Advisory Group due to a weak 2026 sales forecast, citing slower growth for Hoka and challenges in the direct-to-consumer channel. The stock has reached its lowest point since 2023 [3].   eBay - eBay's stock was upgraded to outperform by Citizens, who noted improvements in product offerings that enhance consumer experience, particularly in fast-growing categories like watches and sneakers. Steeple also raised its price target to $89, just below the average 12-month target of approximately $92 [4][5].   Tesla - Tesla's shares are under pressure following mixed Q3 results, but Morgan Stanley maintained an outperform rating with a price target of $410, highlighting the potential of Tesla's robo taxi initiative as a significant future catalyst. A pivotal shareholder vote on November 6 could also positively influence market sentiment [7][8].   Zions Bancorporation - Bank of America upgraded Zions Bancorporation to neutral from underperform, citing that credit fears are overstated. The firm raised its price target to $62, indicating potential for a rebound as the stock trades about 20% below historical valuations [8].   Moderna - UBS cut Moderna's price target from $70 to $40 after the company's CMV vaccine failed a key late-stage trial. Despite this, analysts see potential in its cancer pipeline and expect the company to reach cash break-even by 2028 [9][10].   Netflix - Netflix shares fell approximately 8% after missing revenue and profit estimates due to a tax issue in Brazil. However, several firms, including Bank of America and Morgan Stanley, reiterated buy ratings, with Wedbush lowering its price target to $140 from $150 while maintaining an outperform rating [11][12].   3M - 3M's shares rose about 1% after Morgan Stanley upgraded the stock to equal weight from underweight, citing improved growth expectations and successful turnaround efforts following the latest earnings report. The price target was raised to $160 from $130 [13].   AppLovin - AppLovin's stock increased after Georgia Bank initiated coverage with a buy rating and a $75 price target, highlighting the company's strong ad tech and potential growth in e-commerce advertising [14].   Meta - Bank of America reiterated its buy rating on Meta with a price target of $900, anticipating strong Q3 results driven by its AI-powered ad engine, projecting $50 billion in sales and earnings of $7.30 per share [15][16].   Starbucks - UBS maintained a neutral rating on Starbucks, lowering its price target to $94 from $100, citing expectations of flat US same-store sales and ongoing investments in labor and marketing [17].   Reddit - Reddit's shares rose after Citigroup added the stock to its positive catalyst watch, raising its price target to $250 from $220, driven by optimism regarding growth and monetization strategies [19].   Lululemon - Lululemon's stock increased after BNB Paribas upgraded its rating to neutral from underperform, noting that the current valuation reflects significant negative sentiment, while American Express's credit for Lululemon could enhance foot traffic [20].   Snowflake - Wedbush raised Snowflake's price target to $270 from $250, citing strong growth potential and demand for AI applications over the next 12 to 18 months [21].   Darden Restaurants - Goldman Sachs upgraded Darden Restaurants to buy from neutral, highlighting improvements in its value proposition in casual dining and reduced exposure to lower-income consumers [22].
