Analyst Ratings & Price Target Changes - Intel saw multiple firms raise price targets after Q3 earnings beat, with Benchmark setting a high target of $50 per share [2] - Deckers Outdoor experienced price target cuts from Raymond James and Telsey Advisory Group due to weak 2026 sales forecast [3] - Citizens upgraded eBay to outperform, citing improved consumer experience in key categories [4] - Steeple raised eBay's price target to $89, just below the average 12-month target of roughly $92 [5] - Bank of America upgraded Zion's Bank Corp to neutral, raising its price target to $62 per share, seeing room for a rebound [8][9] - UBS cut Madna's price target to $40 from $70 after a failed vaccine trial, but maintains a buy rating [9] - Wedbush trimmed Netflix's price target to $1400 from $1500, but maintained outperform rating, implying roughly 13% upside [12] - Morgan Stanley upgraded 3M to equal weight, raising its price target to $160 from $130 [13][14] - Wedbush raised Snowflake's price target to $270 from $250, anticipating growth from AI use cases [21] - Goldman Sachs upgraded Darden Restaurants to buy, citing improved value proposition and less exposure to lower-income consumers [22] Company Specific Insights - Morgan Stanley maintains outperform rating on Tesla with a $410 price target, highlighting robo taxi potential and calling Tesla a "forgotten AI stock" [7] - Bank of America expects Meta's Q3 sales of $50 billion and earnings of $730% a share, driven by AI-powered ad engine [16] - UBS is staying neutral on Starbucks, trimming its price target to $94 a share, expecting flat US theme store sales and operating margins around 10% [17][18] - City added Reddit to its positive 90-day catalyst watch, raising its price target to $250 from $220, expecting third quarter earnings to come in significantly above expectations [19] - BNB Paraba upgraded Lululemon to neutral, noting the stock is down more than 50% year to date and negative catalysts are less clear [20]

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].

Market Overview - The S&P 500 and Nasdaq experienced their largest weekly percentage gains since August, while the Dow recorded its biggest Friday-to-Friday jump since June [1][9] - The Consumer Price Index (CPI) remained elevated in September but was cooler than expected, easing inflation concerns and paving the way for a 25-basis-point rate cut by the Federal Reserve [1][9] Earnings Season - The third-quarter earnings season is in full swing, with 143 companies in the S&P 500 having reported results [2][10] - Analysts project a 10.4% year-on-year earnings growth for the S&P 500 in Q3, an increase from the previous expectation of 8.8% [3][10] - A significant 87% of companies have beaten earnings expectations, and 83% have surpassed revenue forecasts, indicating a strong start to the earnings season [6][10] Notable Company Performances - Alphabet's shares rose by 2.7% after Anthropic expanded its deal to utilize Google's AI chips for its Claude chatbot [7][10] - Coinbase Global saw a 9.8% increase following an upgrade from JPMorgan to "overweight" [7][10] - Ford's shares jumped 12.2% after exceeding third-quarter profit expectations, while General Dynamics also surpassed estimates, leading to a 2.7% increase in its shares [10] - Deckers Outdoor forecasted full-year sales below Wall Street estimates, resulting in a 15.2% decline in its shares [7][10] - Alaska Air's shares fell by 6.1% after the airline reduced its annual forecast [7][10] Market Statistics - Advancing issues outnumbered decliners by a ratio of 2.18-to-1 on the NYSE, with 540 new highs and 53 new lows recorded [8][10] - On the Nasdaq, 3,193 stocks rose compared to 1,450 that fell, with a ratio of 2.2-to-1 for advancing issues [8][10] - The S&P 500 posted 34 new 52-week highs and 4 new lows, while the Nasdaq Composite recorded 124 new highs and 44 new lows [8][10] - Trading volume on U.S. exchanges was 19.04 billion shares, slightly below the 20.75 billion average over the last 20 trading days [8][10]