What are today's top analyst calls?

Zscaler was upgraded and CoreWeave was downgraded, with mixed calls on Salesforce, Applied Materials, Lam Research, ServiceNow, Regeneron, and TJX.

Are there any buy ratings for other tech stocks?

Yes, Applied Materials and ServiceNow received price target hikes with Buy ratings, while Salesforce maintained a positive rating.

Zscaler Upgraded, CoreWeave Downgraded: Top Analyst Calls

Q: Why was CoreWeave downgraded?

Goldman Sachs downgraded CoreWeave due to concerns over intense competition in the cloud computing market and its impact on margins.

Analysts upgraded Zscaler and downgraded CoreWeave, with mixed calls on Salesforce, Applied Materials, Lam Research, ServiceNow, Regeneron, and TJX. The moves reflect divergent sector outlooks.

Wall Street saw a flurry of analyst rating changes today, with Zscaler (ZS) upgraded and CoreWeave (CRWV) downgraded, alongside updates on several other major stocks.

Zscaler (ZS)

Bank of America raised its price target on Zscaler from $220 to $250, maintaining a Buy rating. The analyst cited strong demand for cloud-based cybersecurity solutions, supporting the company's growth prospects.

CoreWeave (CRWV)

Goldman Sachs downgraded CoreWeave from Buy to Neutral, cutting the price target from $80 to $60. The move reflects concerns over intense competition in the cloud computing market and its impact on margins.

Salesforce (CRM)

Morgan Stanley kept an Overweight rating on Salesforce with a $350 price target. The analyst highlighted the company's focus on AI and the profitability of its Agentforce platform as growth drivers.

Applied Materials (AMAT)

Deutsche Bank raised its price target on Applied Materials from $200 to $220, reiterating a Buy rating. Strong demand for chipmaking equipment, fueled by data center expansion, was cited as a key factor.

Lam Research (LRCX)

Barclays lowered its price target on Lam Research from $100 to $90, while maintaining an Overweight rating. The reduction reflects weaker demand for memory equipment.

ServiceNow (NOW)

Wedbush raised its price target on ServiceNow from $1,100 to $1,200, with an Outperform rating. The analyst noted that the company's digital workflow platform benefits from increased automation spending.

Regeneron (REGN)

Jefferies cut its price target on Regeneron from $1,200 to $1,100, keeping a Hold rating. Concerns over competition in the Eylea eye treatment market were cited.

TJX Companies (TJX)

Guggenheim raised its price target on TJX from $130 to $140, with a Buy rating. The analyst highlighted that the off-price retail model benefits from consumers seeking value.

What This Means for Investors

These analyst calls reflect a mixed outlook across sectors. Technology and cybersecurity remain attractive, while some cloud computing firms face competitive pressures. Investors should monitor these stocks closely and evaluate company fundamentals before making decisions.