Analysis
AMD Upgraded, Reddit Downgraded: Top Wall Street Analyst Calls
Analysts upgraded AMD and downgraded Reddit, Palantir, and Merck today. We break down the changes and the reasoning behind each call.
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Wall Street saw a flurry of rating changes today, with AMD (NASDAQ: AMD) receiving an upgrade from Evercore ISI, while Reddit, Palantir, and Merck were downgraded by various firms.
Rating Changes
- AMD: Upgraded from "In Line" to "Outperform" with a new price target of $180 (from $150).
- Reddit: Downgraded from "Buy" to "Neutral" by JMP Securities.
- Palantir (PLTR): Downgraded from "Overweight" to "Equal Weight" by Morgan Stanley.
- Merck (MRK): Downgraded from "Buy" to "Neutral" by UBS.
Analyst Rationale
- AMD: The analyst sees momentum in data center and PC products, expecting market share gains.
- Reddit: Valuation does not reflect risks in advertising revenue growth.
- Palantir: Stock has exceeded fair value after recent rally.
- Merck: Slowing Keytruda sales growth and increased competition.
Context
These changes come amid market volatility and focus on Q1 earnings. While other analysts hold different views, these moves highlight divergent opinions on each company's outlook.
What to Make of It
The changes reflect updated assessments based on each company's performance and prospects. Investors should consider fundamentals and not rely solely on one recommendation.
Frequently Asked Questions
Evercore ISI upgraded AMD due to momentum in its data center and PC products, expecting market share gains.
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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.