Morgan Stanley has reiterated its overweight rating on Netflix despite lowering its price target, citing continued revenue growth of 11-12% year-over-year, although advertising revenue is falling short by approximately $300 million for the year.
SpaceX also received an overweight rating from Morgan Stanley, which highlighted a strong third-quarter performance and an optimistic revenue outlook of up to $37 billion for the first quarter of 2027. Citi has placed SpaceX on a positive 90-day Catalyst Watch, emphasizing its track record of exceeding expectations and the potential impact of upcoming launches.
In contrast, TD Cowen downgraded Chipotle to hold due to concerns about slowing sales, particularly in October, which may affect the company's performance in the fourth quarter.
Other notable actions include Piper Sandler upgrading DigitalOcean to overweight, citing a favorable buying opportunity, and Jefferies upgrading Chagee Holdings, reflecting confidence in a sustainable recovery for the Chinese tea company.
Meanwhile, RBC downgraded Mobileye, citing overvaluation concerns, and Needham downgraded Netflix to hold, pointing to a deteriorating competitive position against rivals like YouTube. Overall, these analyst calls indicate a cautious sentiment in certain sectors while highlighting growth potential in others, which could influence investor decisions