Morgan Stanley has identified eBay as a top pick, citing a significant growth in the Live Commerce market, which has expanded over five times to $27 billion in the past two years, with a projected compound annual growth rate (CAGR) of approximately 22% through 2030.
Wells Fargo upgraded Tyler Technologies to overweight, suggesting that recent revenue headwinds are temporary and that the company is well-positioned for recovery in 2027. UBS initiated coverage of Shattuck Labs with a buy rating, setting a price target of $17, while Jefferies initiated Beta Bionics with a buy rating and a price target of $30, indicating a favorable risk/reward scenario.
Northland upgraded C3.ai to outperform, noting a new growth engine for the company. Morgan Stanley also upgraded Manhattan Associates, citing accelerated cloud bookings and positive business momentum.
Other notable upgrades include Citi's upgrade of Allison Transmission to buy, JPMorgan's reiteration of Apple with a raised price target of $360, and upgrades for companies like Hexcel, T-Mobile, and Salesforce, reflecting a broader trend of optimism in various sectors. Conversely, Wells Fargo downgraded Adobe to underweight, citing multiple negative catalysts affecting the company's outlook.
Overall, these analyst calls suggest a mixed but generally optimistic sentiment in the market, with specific companies showing strong potential for growth