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Thursday, February 2, 2023

Tuesday’s Top Analyst Upgrades: Coupa Software Incorporated (COUP), Under Armour Inc (UAA), The Gap Inc. (GPS)

When analysts upgrades and downgrades a stock, it’s possible for the stock price to substantially shift. Short-term gains may be made from such stocks, but losses may also occur if they’re wrongly anticipated by the analysts.

There are three main categories of ratings used by analysts:

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As a rule of thumb, stocks listed as “buy” perform better than the market. When a stock is considered a buy, analysts may use the terms overweight or outperform.

Hold ratings indicate that the stock is expected to perform in line with the general market. Stocks with a Hold rating are generally not recommended for purchase or sale. The rating may also be referred to as “equal weight” or “market performance.”

In a “sell” recommendation, the analyst expects the stock’s value to decrease. Many analysts, however, give their stocks “Buys” or “holds” instead of “Sells.” They also use terms like “Underperform” or “Underweight” in place of “Sells.”

SMBC Nikko rated the Coupa Software Incorporated (NASDAQ: COUP) stock as “an Outperform”. SMBC Nikko’s estimates were contained in a research note released on Monday, December 12, 2022. Several other experts on Wall Street have posted such reports regarding the COUP shares. According to Piper Sandler, the stock is “an Underweight,”$55. Piper Sandler published their figures in a research note released to investors on Thursday, October 20, 2022. Other experts at Credit Suisse have the stock’s price target at $60 price; with their rating of the stock as “an Underperform.”. These scores were published in a research note the firm released on Friday, September 23, 2022.

Multiple groups of Wall Street analysts have recently been drawn to the Under Armour Inc (NYSE: UAA) stock, with those at Stifel Upgraded the stock to a “Buy”. The analysts released their assessment via a research note they published on December 12, 2022. Analysts at BofA Securities maintained their earlier rating, although they did raise the stock’s price target to $8. Over at Telsey Advisory Group, the analysts restated the earlier stance about Under Armour Inc. shares, rating the shares “a Market perform.” in a note released on October 21, 2022. The analysts have also fallen their price target for UAA from $12 to $8.

Goldman upgraded The Gap Inc. (NYSE: GPS) stock from Neutral to Buy and set the price target of $18. The rating came out on December 12, 2022. In another research note published on August 30, 2022, Barclays, upgraded the stock from Underweight to Equal Weight and gave a price target of $9 to GPS stock. Morgan Stanley resumed the company stock to Underweight in a research paper released on August 26, 2022, and set the price target of $8. Analysts at Deutsche Bank revealed in a research note on July 13, 2022, said the stock is downgraded from Buy to Hold and set a price target of $9. In a research paper which was published recently on July 12, 2022, analysts from Wells Fargo downgraded The Gap Inc. stock from Overweight to Equal Weight and gave a price target of $10.

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