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Top Analyst Upgrades & Downgrades: AppLovin, Cisco, CVS, Dutch Bros, HubSpot, Reddit, Robinhood, Trade Desk & More

Stocks were looking for direction on Thursday after inflation data has come in higher than expected. Many investors are fine-tuning portfolios for trading and investing in 2025. This is where the daily flow of analyst upgrades, downgrades and initiations can come into play for new ideas.
Analyst reports can be a source of new ideas for short-term tactical traders with live price reactions on the spot for immediate and short-term views. And with the analysts offering a one-year outlook in general, the upgraded and downgrades can offer long-term perspectives for investors looking months or years into the future.
Tactical Bulls always reminds its readers that no single analyst report should ever be used as the sole basis to buy or sell a stock. After all, analysts can be wrong or the larger backdrop can change on a moments notice.
These are the top analyst upgrades, downgrades and initiations for Thursday, February 13, 2025.
AppLovin Corporation (NASDAQ: APP) was last seen trading up 28% at $488.00 after earnings for a new all-time high. AppLovin was reiterated as Buy and its price objective was raised to $580 from $375 at BofA Securities. Morgan Stanley maintained its Equal-Weight rating and raised its target to $470 from $365 in its call.
AstraZeneca plc (NYSE: AZN) was raised to Buy from Neutral at UBS.
AutoNation, Inc. (NYSE: AN) was reiterated at Buy with price target raised to $233 from $200 at Argus.
Cisco Systems, Inc. (NASDAQ: CSCO) closed at $62.53 and was last seen up almost 6% at $66.25 after earnings. Cisco Systems was reiterated at Overweight with $68 target at Morgan Stanley and was reiterated at Hold with $72 target at Wells Fargo. Cisco was reiterated at Equal Weight and its price target was raised to $61 from $576 at Barclays.
CVS Health Corporation (NYSE: CVS) closed up almost 15% at $63.22 on Wednesday after earnings. CVS was raised to Outperform from Market Perform and its price target was raised to $75 from $55 at Leerink Partners.
DuPont de Nemours, Inc. (NYSE: DD) was raised to Equal-Weight from Underweight at Barclays.
Dutch Bros. Inc. (NYSE: BROS) closed up 0.8% at $64.71 on Wednesday but was last seen up a sharp 24% at $80.25 after earnings grew more than expected. Dutch Bros. was reiterated at Outperform with its price target raised to $100 from $65 at Wedbush and was reiterated as Buy with its price target raised to $89 from $65 at TD Securities.
Ecopetrol S.A.(NYSE: EC) was raised to Neutral from Underweight at JP Morgan.
Fluence Energy, Inc. (NASDAQ: FLNC) was downgraded to Neutral from Buy with its price target cut to $8 from $20 at BofA Securities. Fluence closed down 6.7% at $6.53 on Wednesday.
GE Vernova (NYSE: GEV) was started as Outperform with a $448 price target (versus $369.65 prior close) at Baird.
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) was reiterated as Buy and saw its price target raised to $10 from $8 (versus $2.75 close) at HC Wainwright & Co.
HubSpot, Inc. (NYSE: HUBS) was last seen up 0ver 6% at $835.00 after earnings. Hubspot was reiterated at Buy with its price target raised to $900 from $710 at Canaccord Genuity; was reiterated at Neutral with its price target raised to $808 from $640 at Piper Sandler. Hubspot was reiterated as Outperform with its price target raised to $900 from $850 at Oppenheimer; was reiterated at Overweight with price target raised to $898 from $835 at Morgan Stanley.
Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) was raised to Overweight from Equal-Weight with its price target raised to $170 from $130 (versus $135.44 close) at Wells Fargo.
The Kraft Heinz Company (NASDAQ: KHC) was downgraded to Underperform from Buy with its price target cut to $30 from $36 (versus $28.63 close) at BofA Securities.
Marriott International, Inc. (NASDAQ: MAR) was reiterated as Buy and saw its price target raised to $335 from $330 (versus $290.45 close) at Argus, noting the post-earnings selloff from about $305 was too harsh.
Merus N.V. (NASDAQ: MERS) was initiated with an Overweight rating with a $84 price target (versus $40.26 prior close) at Piper Sandler.
Novartis AG (NYSE: NVS) was downgraded to Neutral from Buy at UBS.
Olin Corporation (NYSE: OLN) was downgraded to Neutral from Overweight at Piper Sandler.
Reddit, Inc. (NASDAQ: RDDT) was last seen down 8% at $199.00 in its post-earnings reaction. Needham reiterated its Buy rating and raised its target to $220 from $190. Reddit was reiterated at Overweight with its price target raised to $210 from $200 at Morgan Stanley. BofA reiterated its Neutral rating but lifted its price target to $190 from $180.
Restaurant Brands International Inc. (NYSE: QSR) was downgraded to Hold from Buy at Argus. Barclays maintained its Overweight rating but trimmed its target to $80 from $83. It closed at $65.83 ahead of the calls.
Robinhood Markets, Inc. (NASDAQ: HOOD) was reiterated as Overweight and its price target raised to $90 from $64 at Morgan Stanley. Robinhood closed up 4.8% at $55.91 ahead of earnings and was trading up 13% at $63.25 after the report on Thursday morning.
The Trade Desk, inc. (NASDAQ: TTD) was last seen trading down 29% at $86.50 on a very disappointing earnings growth report from the macro environment. Trade Desk saw many cuts on Thursday: was cut to In-Line from Outperform with price target cut to $90 from $135 at Evercore ISI Group; was reiterated at Buy with $145 target at Needham; was reiterated at Overweight with price target cut to $132 from $145 at Morgan Stanley; was reiterated at Outperform with price target cut to $115 from $160 at BMO Capital Markets.
Viking Therapeutics, Inc. (NASDAQ: VKTX) was initiated as Sector Outperform with a $102 price target (versus $29.32 close) at Scotiabank.
Vista Energy, SAB (NYSE: VIST) was raised to Buy from Neutral with a $66 price target (versus $50.71 close) at Citigroup.