Benzinga's Top Ratings Upgrades, Downgrades For January 12, 2022

Upgrades

Citigroup upgraded the previous rating for Solo Brands Inc DTC from Neutral to Buy. At the moment, the stock has a 52-week-high of $23.39 and a 52-week-low of $13.46. Solo Brands closed at $15.74 at the end of the last trading period.
For LendingClub Corp LC, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. LendingClub earned $0.26 in the third quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.21 and a 52-week-low of $9.50. LendingClub closed at $24.52 at the end of the last trading period.
For TD Synnex Corp SNX, Cross Research upgraded the previous rating of Hold to Buy. For the fourth quarter, TD Synnex had an EPS of $2.86, compared to year-ago quarter EPS of $5.21. The stock has a 52-week-high of $130.93 and a 52-week-low of $80.36. At the end of the last trading period, TD Synnex closed at $107.46.
For Shopify Inc SHOP, William Blair upgraded the previous rating of Market Perform to Outperform. Shopify earned $0.81 in the third quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1762.92 and a 52-week-low of $1005.14. Shopify closed at $1157.31 at the end of the last trading period.
BTIG upgraded the previous rating for iRhythm Technologies Inc IRTC from Neutral to Buy. In the third quarter, iRhythm Technologies showed an EPS of $0.81, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $286.19 and a 52-week-low of $41.66. iRhythm Technologies closed at $141.32 at the end of the last trading period.
According to Cowen & Co., the prior rating for Lithium Americas Corp LAC was changed from Market Perform to Outperform. For the third quarter, Lithium Americas had an EPS of $0.14, compared to year-ago quarter EPS of $0.07. The current stock performance of Lithium Americas shows a 52-week-high of $41.56 and a 52-week-low of $11.84. Moreover, at the end of the last trading period, the closing price was at $30.49.
For Illumina Inc ILMN, Barclays upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, Illumina had an EPS of $1.45, compared to year-ago quarter EPS of $1.02. The current stock performance of Illumina shows a 52-week-high of $555.77 and a 52-week-low of $341.03. Moreover, at the end of the last trading period, the closing price was at $423.80.
According to BMO Capital, the prior rating for Take-Two Interactive Software Inc TTWO was changed from Market Perform to Outperform. For the second quarter, Take-Two Interactive had an EPS of $1.63, compared to year-ago quarter EPS of $1.99. The stock has a 52-week-high of $214.91 and a 52-week-low of $138.19. At the end of the last trading period, Take-Two Interactive closed at $148.42.
According to Wells Fargo, the prior rating for Ambarella Inc AMBA was changed from Equal-Weight to Overweight. Ambarella earned $0.57 in the third quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Ambarella shows a 52-week-high of $227.59 and a 52-week-low of $82.59. Moreover, at the end of the last trading period, the closing price was at $157.05.
For Wells Fargo & Co WFC, Piper Sandler upgraded the previous rating of Neutral to Overweight. Wells Fargo earned $1.17 in the third quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.13 and a 52-week-low of $29.68. Wells Fargo closed at $56.06 at the end of the last trading period.
Barclays upgraded the previous rating for Snowflake Inc SNOW from Equal-Weight to Overweight. For the third quarter, Snowflake had an EPS of $0.04, compared to year-ago quarter EPS of $0.28. The current stock performance of Snowflake shows a 52-week-high of $405.00 and a 52-week-low of $184.71. Moreover, at the end of the last trading period, the closing price was at $301.27.
For DoorDash Inc DASH, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. For the third quarter, DoorDash had an EPS of $0.30, compared to year-ago quarter EPS of $0.96. NoneThe stock has a 52-week-high of $257.25 and a 52-week-low of $110.13. At the end of the last trading period, DoorDash closed at $143.64.

See all analyst ratings upgrades.

Downgrades

Raymond James downgraded the previous rating for Spectrum Brands Holdings Inc SPB from Outperform to Market Perform. Spectrum Brands Holdings earned $1.11 in the fourth quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $107.22 and a 52-week-low of $74.26. At the end of the last trading period, Spectrum Brands Holdings closed at $101.58.
For Ryanair Holdings PLC RYAAY, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the second quarter, Ryanair Holdings showed an EPS of $1.16, compared to $1.20 from the year-ago quarter. The current stock performance of Ryanair Holdings shows a 52-week-high of $127.25 and a 52-week-low of $94.68. Moreover, at the end of the last trading period, the closing price was at $118.09.
According to Wolfe Research, the prior rating for Southwest Airlines Co LUV was changed from Outperform to Peer Perform. Southwest Airlines earned $0.23 in the third quarter, compared to $1.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.75 and a 52-week-low of $38.66. Southwest Airlines closed at $45.83 at the end of the last trading period.
According to Baird, the prior rating for 8x8 Inc EGHT was changed from Outperform to Neutral. 8x8 earned $0.01 in the second quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $39.17 and a 52-week-low of $15.95. At the end of the last trading period, 8x8 closed at $17.25.
For Cogent Communications Holdings Inc CCOI, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. For the third quarter, Cogent Comms Hldgs had an EPS of $0.28, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $80.50 and a 52-week-low of $56.38. Cogent Comms Hldgs closed at $66.35 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Kratos Defense & Security Solutions Inc KTOS was changed from Buy to Neutral. Kratos Defense & Security earned $0.09 in the third quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Kratos Defense & Security shows a 52-week-high of $34.11 and a 52-week-low of $17.92. Moreover, at the end of the last trading period, the closing price was at $18.35.
Piper Sandler downgraded the previous rating for Biogen Inc BIIB from Overweight to Neutral. For the third quarter, Biogen had an EPS of $4.77, compared to year-ago quarter EPS of $8.84. The stock has a 52-week-high of $468.55 and a 52-week-low of $221.72. At the end of the last trading period, Biogen closed at $241.52.
According to Jefferies, the prior rating for PayPal Holdings Inc PYPL was changed from Buy to Hold. PayPal Holdings earned $1.11 in the third quarter, compared to $1.07 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $310.16 and a 52-week-low of $177.40. Moreover, at the end of the last trading period, the closing price was at $191.52.
According to Truist Securities, the prior rating for Zynga Inc ZNGA was changed from Buy to Hold. Zynga earned $0.07 in the third quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $12.32 and a 52-week-low of $5.57. At the end of the last trading period, Zynga closed at $8.85.

See all analyst ratings downgrades.

Initiations

Dawson James initiated coverage on Bluejay Diagnostics Inc BJDX with a Buy rating. The price target for Bluejay Diagnostics is set to $10.00. For the third quarter, Bluejay Diagnostics had an EPS of $0.11, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $6.25 and a 52-week-low of $2.22. Bluejay Diagnostics closed at $2.74 at the end of the last trading period.
Craig-Hallum initiated coverage on BuzzFeed Inc BZFD with a Buy rating. The price target for BuzzFeed is set to $7.50. At the moment, the stock has a 52-week-high of $14.77 and a 52-week-low of $4.27. BuzzFeed closed at $4.62 at the end of the last trading period.
Macquarie initiated coverage on NIO Inc NIO with an Outperform rating. The price target for NIO is set to $37.70. In the third quarter, NIO showed an EPS of $0.06, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $66.99 and a 52-week-low of $27.52. At the end of the last trading period, NIO closed at $30.02.
Macquarie initiated coverage on Li Auto Inc LI with an Outperform rating. In the third quarter, Li Auto showed an EPS of $0.05, compared to $0.00 from the year-ago quarter. The current stock performance of Li Auto shows a 52-week-high of $37.65 and a 52-week-low of $15.98. Moreover, at the end of the last trading period, the closing price was at $29.81.
Macquarie initiated coverage on XPeng Inc XPEV with an Outperform rating. XPeng earned $0.27 in the third quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $60.04 and a 52-week-low of $22.73. At the end of the last trading period, XPeng closed at $45.76.
With a Buy rating, Berenberg initiated coverage on Squarespace Inc SQSP. The price target seems to have been set at $42.00 for Squarespace. The current stock performance of Squarespace shows a 52-week-high of $64.71 and a 52-week-low of $25.68. Moreover, at the end of the last trading period, the closing price was at $29.34.
With a Buy rating, HC Wainwright & Co. initiated coverage on Biomea Fusion Inc BMEA. The price target seems to have been set at $13.00 for Biomea Fusion. The current stock performance of Biomea Fusion shows a 52-week-high of $22.22 and a 52-week-low of $7.00. Moreover, at the end of the last trading period, the closing price was at $7.68.
With an Overweight rating, Morgan Stanley initiated coverage on Rocket Lab USA Inc RKLB. The price target seems to have been set at $17.00 for Rocket Lab USA. The stock has a 52-week-high of $21.34 and a 52-week-low of $9.50. At the end of the last trading period, Rocket Lab USA closed at $10.86.
Goldman Sachs initiated coverage on Planet Labs PBC PL with a Buy rating. The price target for Planet Labs is set to $11.00. For the third quarter, Planet Labs had an EPS of $1.38, compared to year-ago quarter EPS of $1.06. The current stock performance of Planet Labs shows a 52-week-high of $11.65 and a 52-week-low of $4.95. Moreover, at the end of the last trading period, the closing price was at $5.64.
With a Buy rating, Deutsche Bank initiated coverage on Babylon Holdings Ltd BBLN. The price target seems to have been set at $9.00 for Babylon Holdings. At the moment, the stock has a 52-week-high of $16.00 and a 52-week-low of $5.51. Babylon Holdings closed at $6.01 at the end of the last trading period.