Top Analyst Calls: Shopify, Capital One, Costco, Disney

U.S. stock futures traded lower Monday as markets brace for the start of second-quarter earnings season, following a solid winning week. Renewed strikes against Iran and a chip sell-off weighed on shares. Against this backdrop, Wall Street analysts issued new calls on several notable stocks.

Rating Changes

Shopify (SHOP)

Bank of America raised its price target on Shopify from $70 to $85, maintaining a Buy rating. The revision reflects positive expectations for e-commerce revenue growth.

Capital One (COF)

Morgan Stanley cut its price target on Capital One from $150 to $130, with a Hold rating. The move stems from concerns over rising credit costs and slowing consumer spending.

Costco (COST)

Goldman Sachs raised its price target on Costco from $600 to $650, keeping a Buy rating. The upgrade is based on strong store sales and membership growth.

Walt Disney (DIS)

JPMorgan lowered its price target on Disney from $120 to $110, with an Overweight rating. The adjustment reflects weakness in streaming and slower park revenue.

Analyst Rationale

Analysts see Shopify benefiting from an expanding merchant base and higher transaction volumes, while Capital One faces pressure from rising default rates. Costco continues to deliver strong growth through its low-price strategy, whereas Disney struggles with streaming profitability.

Context

These calls come amid market volatility driven by geopolitical tensions and mixed economic data. Major indices closed higher on Friday except the Russell 2000.

Conclusion

The divergent calls reflect varying sector outlooks. Investors are advised to monitor upcoming quarterly reports for clearer direction.