Street Calls of the Week
Each day, Investing.com selects one stock for an upgrade or downgrade based on the largest percentage move. Maintaining and price-target-only changes are not included. Percentages are premarket or intraday readings, not closing moves. Markets are not open on weekends. Bernstein SocGen upgraded Datadog (DDOG) from Market Perform to Outperform, raising its target to $350 from $237.
Shares rose 6.36%. The downgrade came after a large AI customer reduced its annual recurring revenue contract by roughly $100 million. JPMorgan upgraded Intel (INTC) to Neutral from Underweight, but its stock only rose 5.89%. Barclays downgraded NuScale Power (SMR) to Underweight and cut its target to $5, while shares fell 6.5%.
The weak stock was near its 52-week low of $5.44, and bearish sentiment had been growing. Piper Sandler upgraded DigitalOcean (DOCN) to Overweight, lowering its target to $126 from $142. Shares jumped around 5%. Analyst James Fish believed the recent pullback was excessive after AI infrastructure and cloud stocks fell more than 25% in recent weeks.
He argued that GPU-as-a-service pricing remained strong. RBC downgraded Mobileye (MBLY) to Underperform and shares slipped 4.1%.
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