economy
A bunch of small, under-the-radar stocks got Wall Street endorsements today, including one expected to surge nearly 30%
Early this week, several shops on the Street upgraded their ratings and raised their price targets on lesser known and smaller stocks, including e.l.f Beauty.
TL;DR
- Analysts are upgrading ratings and price targets for smaller stocks with market caps under $30 billion.
- e.l.f. Beauty received an upgrade to 'outperform' with a price target hike to $113, driven by its new haircare line.
- Advanced Energy Industries was upgraded to 'buy' with a $410 price target, anticipating growth in semiconductor and datacenter markets.
- Kratos Defense & Security Solutions was upgraded to 'overweight' with a $75 price target, supported by program developments and funding events.
- Versigent received an upgrade to 'outperform' with a $52 price target, leveraging its wire harness capabilities.
- Coupang was upgraded to 'buy' with a lowered price target of $21.50, despite recent challenges.
- Bitdeer Technologies was upgraded to 'overweight' with a $18 price target following a substantial AI and high-performance computing deal.