It’s always a good idea to track stock upgrades.
Just don’t use them as your sole reason for buying or selling. Do your own due diligence, fundamentally and technically. After all, analysts aren’t always right.
Here are just a few of the latest upgrades to keep an eye on.
Super Micro Computer (SYM: SMCI)
JPMorgan just upgraded Super Micro Computer to a neutral rating with a price target of $45.
“The company has cycled past the uncertainty in relation to pending SEC filings and is on the cusp of benefitting from ramp in Blackwell based server shipments which are already seeing materially higher demand than prior generation, with additional benefit to revenue growth from higher ASPs,” the firm said, as quoted by CNBC.
Technically, after catching support at its 50-day moving average, the stock is starting to pivot higher. From its last price of $39.10, we’d like to see an initial retest of $50.
Danaher (SYM: DHR)
Danaher is another stock to watch after Goldman Sachs upgraded it to a buy with a price target of $260. “With conviction in a bioprocessing recovery and long-term growth, a lower bar to maintain a beat and raise dynamic, and a more reasonable valuation premium vs the sector, we believe DHR has the potential to outperform our broader coverage over the next 12 months,” said the firm, as quoted by CNBC.
Technically, it’s starting to pivot lower after failing at overhead resistance at $215. Believing it could pull back to $205 near-term, we’d wait to buy this one.
Nvidia (SYM: NVDA)
Morgan Stanley just reiterated an overweight rating on NVDA.
The firm noted, “Nvidia made a compelling case as to why efficiencies that have made the market skittish in recent weeks should drive higher demand over time. … Physical AI is starting to feel more tangible, with a notable rate of change around robotics.”
Technically, after holding support dating back to September, oversold shares of Nvidia are starting to pivot higher. Last trading at $118.53, we’d like to see it retest $140 shortly.
Featured Pick: Big Data gold rush: $PLTR passes $250B. $MODE prepares
Palantir just rocketed to $250 billion by helping companies extract value from user data.
The big data gold rush is here, but the company that stands to profit the most may not be Palantir…
A new disruption to smartphones gives users a share in the data profits, already facilitating +$325M in earnings and generating +$60M in revenue.
