Wall Street Loves These 3 Stocks

Remember to keep an eye on analyst upgrades.

But don’t solely rely on them for buying or selling anything. Do your own due diligence fundamentally and technically before jumping in.

Here’s what analysts recently upgraded.

Voya Financial (SYM: VOYA)

Morgan Stanley just upgraded Voya Financial to overweight from equal weight, with a price target of $87 a share. “The stock is currently trading below historical average, but is much less capital intensive,” added the firm, as quoted by CNBC. “We believe the current valuation overly penalizes execution risks and does not fully reflect Voya’s potential.”

“We have confidence in management’s ability to navigate integrations, investments, and segment improvements, which should uplift capital generation.”

Alibaba (SYM: BABA)

Bernstein analysts just upgraded the Alibaba stock to an outperform rating with a price target of $165. That’s a $61 raise from its prior price target.

“The combination of more gainful capital allocation (AI infrastructure over chasing Temu in global markets), a better industry structure for AI than legacy cloud, and possible spill-over effects of an AI capex boom in China makes us feel Alibaba’s earnings could now be on a more upwardly-pointing trajectory,” said the firm, as also quoted by CNBC.

Nike (SYM: NKE)

Jefferies upgraded Nike to a buy rating with a $115 price target.

The firm says Nike’s stock price is near a “valuation trough.” They added, “As Nike turns back on its innovation engine, channel inventories will be rebalanced and wholesale distro will be increased setting the stage for accelerating unit volumes and healthier full-price sell through driving stronger revenue growth and rising margins against a backdrop of reduced Street expectations (that are now way too low).”