Welcome to Extreme Investor Network, where we provide exclusive insights and expert analysis on the latest trends in investing. Today, we are diving into some exciting calls and chatter happening on Wall Street that you won’t want to miss.
Let’s start with JPMorgan’s upgrade of EQT Corp, a natural gas stock that is poised for a rebound. Analyst Arun Jayaram believes that EQT has improving fundamentals and presents a catch-up trade opportunity, leading to an overweight rating and a price target of $42 per share.
Meanwhile, Jefferies sees significant potential in Birkenstock, citing CEO Oliver Reichert’s transformative leadership as a driving force behind the company’s growth. With a buy rating and a price target of $75, there could be a 38% upside for investors.
Looking at Qualcomm, Baird has added the semiconductor stock to its bullish fresh picks list, forecasting a 28% upside with a price target of $250. Analyst Tristan Gerra believes that Qualcomm’s AI-driven ASP momentum and market share gains could drive substantial growth.
On the flip side, HSBC downgraded CrowdStrike following a global IT outage, expressing concerns about the company’s near-term reputation and impact on results. Analyst Stephen Bersey lowered the price target to $302, a 14% potential upside.
Moving on to Microsoft, Piper Sandler reiterated its overweight rating and raised the price target to $485, citing a bright future for the tech giant driven by its cloud business. Analyst Brent Bracelin sees major potential in Microsoft’s generative AI and cloud transformation.
Lastly, Citi upgraded Coinbase to buy, highlighting an improving regulatory outlook as a catalyst for growth. Analyst Peter Christiansen raised the price target to $345, indicating a 30% upside for the cryptocurrency exchange stock.
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