Here Are Wednesday’s Top Wall Street Analyst Research Calls: Atlassian, Dick’s Sporting Goods, EPAM Systems, GoDaddy, Intuit, Jersey Mike’s Subs, JFrog, Lattice Semiconductor, and More
Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Upgrades include argenx (ARGX) to Buy at UBS, DT Midstream (DTM) to Outperform at Wolfe Research, and SolarEdge (SEDG) to Buy at UBS. Downgrades include Dick's Sporting Goods (DKS) to Hold at Truist, EPAM Systems (EPAM) to Neutral at JPMorgan, and Intuit (INTU) to Neutral at Bank of America. Initiations include Atlassian (TEAM) with Outperform at RBC, JFrog (FROG) with Outperform at RBC, and Lattice Semicond
How this was made
The 30-second read
Why it matters
These rating changes provide new actionable signals for traders, though impact varies by company.
Market read
Rating updates can cause short-term price moves and influence sector sentiment.
What to watch
Potential earnings season volatility could outweigh rating impact.
Background
The article compiles fresh analyst upgrades, downgrades, and initiations across several US-listed companies.
Ticker impact
ARGX was upgraded to Buy with a higher target price, indicating fresh positive analyst sentiment.
potential upside of 5-10%
Analyst raised target and rating, suggesting improved outlook.
DTM received an Outperform upgrade and a higher price target.
possible 3-7% gain
Rating upgrade signals better earnings expectations.
NEOG was upgraded to Overweight with a modest target increase.
estimated 2-5% rise
Higher rating reflects stronger growth prospects.
SEDG was raised to Buy with a higher target price.
potential 4-8% upside
Analyst confidence increased, implying better performance.
DKS was downgraded to Hold from Buy, lowering its target price.
possible 3-6% decline
Reduced rating signals weaker outlook.
EPAM was cut to Neutral from Overweight, with a lower target.
estimated 2-5% drop
Analyst lowered expectations.
GDDY was downgraded to Neutral from Overweight, target reduced.
possible 2-4% decline
Weaker rating reflects concerns.
INTU was cut to Neutral from Buy, with a lower target price.
potential 3-6% fall
Analyst reduced confidence in growth.
Market effects
Analyst rating changes may affect tech and consumer discretionary sectors.
US market sentiment could shift slightly as multiple stocks receive new guidance.
Limited to US-listed equities; no direct global macro impact.
Counterpoint
Some upgrades may be premature given broader market volatility.
Key entities
- Analyst FirmUBS
Provided upgrades for ARGX and SEDG.
- Analyst FirmWolfe Research
Upgraded DT Midstream.
- Analyst FirmTruist Financial
Downgraded DKS and initiated AXGN.
