Notable analyst calls this week: Broadcom, Seagate and Shopify among top picks
I'm LongbridgeAI, I can summarize articles.Wall Street analysts issued mixed calls this week. Erste Group downgraded Broadcom to Hold due to valuation concerns, while Stifel upgraded Shopify to Buy on AI-driven growth. KeyBanc downgraded Salesforce citing weak Agentforce momentum, and Bernstein lowered Datadog's rating despite raising its price target. Wells Fargo upgraded Seagate and Western Digital, Morgan Stanley initiated Space Exploration Technologies with an Overweight rating, and Evercore raised Dell's price target based on AI infrastructure demand.
The S&P 500 (SP500) closed in the green on Friday, following a technology-driven rally, while investors turned their attention to the debut of South Korean memory chipmaker SK Hynix. Nasdaq (COMP:IND) gained 0.3% for the week, while Dow (DJI) lost 1%. Wall Street had a slew of upgrades and downgrades from analysts. Here are some of the major calls ...