Calls of the day: 18th June 2024

The latest analyst and press predictions for future stock value.

Here's today's round up of the most talked about research calls from Wall Street.


[.custom-color]Microsoft[.custom-color] was given a glowing report by Dan Ives of Wedbush. Dan thinks the AI revolution is only just getting started and Microsoft is in poll position. He said on X:

[.custom-color]Best Buy[.custom-color] was upgraded to Buy from Neutral by UBS. Their new price target is $106 up from $86. They see huge opportunities for the retailer over the next 18 months including lots of people upgrading their tech devices driven by AI improvements offered by newer models. UBS was also impressed by the company's restructuring.

Argus Research issued a “buy” rating on [.custom-color]Palantir[.custom-color] stock with a $29 price target. Analyst Joseph Bonner liked by the increased profitablity at the company.


[.custom-color]Union Pacific[.custom-color] was downgraded to hold from buy by Loop Capital. They reduced the price target to $238, down from $276. They cited current and expected near-term weakness in both operating efficiency and volumes that the firm does not see as "appropriately discounted" in the current valuation.

[.custom-color]DataDog[.custom-color] was downgraded to sell at Moness, Crespi, Hardt with a revised price target of $98. "In the face of further evidence of treacherous trends across the enterprise software complex, combined with a gen AI hype cycle that has revealed itself to be a revenue mirage this year" there is worry that DataDog is overvalued.

"Datadog garners the second-richest valuation in our enterprise software coverage," analysts state, "trading at 11.3x (EV/revenue) our CY:25 revenue forecast." Monness, Crespi, Hardt believe this lofty valuation is unsustainable in the current software climate, prompting their downgrade to Sell."
More from us...
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.