Leading Wall Street analysts upgrade Dollar Tree and downgrade Salesforce. Read today’s key stock rating changes here.
In the latest wave of stock rating updates, several prominent U.S. companies saw significant revisions from Wall Street analysts. Dollar Tree received a favorable upgrade, while Salesforce faced a downgrade. Here’s a comprehensive look at the day’s most notable calls, which could shape market sentiment going forward.
Top financial institutions on Wall Street released updated assessments today for major U.S. companies, with several stock ratings seeing meaningful changes. These analyst moves provide valuable insight into market expectations and investor sentiment.
Top 5 Upgrades:
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Dollar Tree (DLTR):
JPMorgan upgraded Dollar Tree from Neutral to Overweight, raising its price target from $72 to $111. The decision follows a post-earnings selloff despite the company’s Q1 same-store sales outperforming consensus estimates. JPMorgan noted balanced customer traffic and ticket growth as key positives in its investor note.
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MongoDB (MDB):
Monness Crespi & Hardt upgraded MongoDB from Neutral to Buy, with a price target of $295. The move comes after the company delivered strong Q1 results, issued a healthy outlook for Q2, raised its fiscal 2026 guidance, and announced an $800 million stock repurchase program.
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Broadcom (AVGO):
Erste Group raised its rating on Broadcom from Hold to Buy. The firm highlighted Broadcom’s strong product portfolio in network applications, along with its superior operating margins and return on equity compared to peers.
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Texas Instruments (TXN):
Bernstein upgraded Texas Instruments from Underperform to Market Perform, raising the price target from $140 to $180. The firm noted that although the stock has underperformed since September 2023, the company’s market share appears to have stabilized.
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Visa (V):
Mizuho upgraded Visa from Neutral to Outperform, increasing its price target from $359 to $425. Analysts cited the company’s ongoing transition from cash to card payments as a key growth driver with long-term potential.
Top 5 Downgrades:
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Salesforce (CRM):
Erste Group downgraded Salesforce from Buy to Hold. The firm expects the company’s revenue and net income growth for the current fiscal year to be lower than the previous year. Additionally, Salesforce’s sales growth lags behind competitors, which has resulted in a valuation multiple below the sector average.
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Chewy (CHWY):
Jefferies downgraded Chewy from Buy to Hold, while raising its price target from $41 to $43. Despite a relatively stable pet care market and solid company performance, Jefferies noted an ongoing CFO transition and said current valuations already reflect the upside.
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MercadoLibre (MELI):
Jefferies also downgraded MercadoLibre from Buy to Hold, increasing its price target from $2,450 to $2,800. The adjustment was based on higher projected profitability and cash flow in the long term, particularly beyond 2029.
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Eli Lilly (LLY):
Erste Group lowered its rating on pharmaceutical giant Eli Lilly from Buy to Hold, citing the company’s reduced earnings guidance for 2025. The firm expects the stock to remain relatively flat in the medium term.
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Hamilton Insurance (HG):
BMO Capital downgraded Hamilton Insurance from Outperform to Market Perform, maintaining its price target at $23. The firm advised investors to consider locking in profits at current levels.
