Published on 31 May 2024 on The Fly via Yahoo Finance

PayPal upgraded, UiPath downgraded: Wall Street's top analyst calls

PayPal upgraded, UiPath downgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades:

Mizuho upgraded PayPal (PYPL) to Buy from Neutral with a price target of $90, up from $68. The firm's analysis of PayPal's newly introduced Fastlane product shows potential for $1.0B-$1.5B transaction margin dollar lift over the medium-term given the $1.43 trillion of annual e-commerce spend that is addressable.BofA upgraded Datadog (DDOG) to Buy from Neutral with a price target of $155, up from $143. The company is establishing itself as the "next high quality large cap stock" in software, the firm tells investors in a research note.Evercore ISI upgraded Okta (OKTA) to Outperform from In Line with a price target of $122, up from $102. The company reported strong Q1 results that exceeded tempered expectations, accompanied by a "much more upbeat tone," suggesting that prior missteps and execution issues are now behind Okta, the firm tells investors in a research note.Northland upgraded C3.ai (AI) to Outperform from Market Perform with an unchanged price target of $35 following the fiscal Q4 report. C3.ai reported accelerating subscription growth of 41% in Q4, providing evidence that the headwinds from a migration to a usage-based revenue model are abating, the firm tells investors in a research note.Wells Fargo upgraded U.S. Cellular (USM) to Overweight from Equal Weight with a price target of $75, up from $38. The firm says that U.S. Cellular's wireless sale to T-Mobile (TMUS) is just the first step of many it believes the company can take to unlock value for shareholders.