Tuesday brought a flurry of fresh analyst perspectives as Wall Street firms weighed in on companies across airlines, fintech, memory chips, and cryptocurrency. Here's the breakdown of five notable coverage initiations that caught the market's attention.
Airlines Take Flight With Bullish Calls
BMO Capital analyst Michael Goldie kicked off coverage on Delta Air Lines, Inc. (DAL) with an Outperform rating and set a price target of $80. That suggests roughly 19% upside from Monday's closing price of $67.22. Goldie wasn't done with the airline sector, though. He also initiated coverage on United Airlines Holdings, Inc. (UAL) with the same Outperform rating, this time targeting $125 per share. United closed Monday at $104.50, making the analyst's target a roughly 20% gain if realized.
Memory Maker Gets Major Vote of Confidence
HSBC analyst Ricky Seo started coverage on Micron Technology, Inc. (MU) with a Buy rating and announced a price target of $330. With Micron shares closing at $246.92 on Monday, that target implies substantial upside of about 34%. The semiconductor industry has been riding waves of optimism around artificial intelligence demand and memory chip pricing, making this bullish call particularly noteworthy.
Fintech and Crypto Get Mixed Reception
Wolfe Research analyst Darrin Peller launched coverage on Affirm Holdings, Inc. (AFRM) with a Peer Perform rating, essentially a neutral stance. Affirm shares closed Monday at $68.11. The buy-now-pay-later company has faced questions about credit quality and profitability as it scales.
Meanwhile, Citizens analyst Devin Ryan took a more optimistic view of the crypto space, initiating coverage on Galaxy Digital (GLXY) with a Market Outperform rating and a $60 price target. That's a dramatic call considering Galaxy Digital closed Monday at just $26.09, implying potential upside of more than 130%.
These coverage initiations give investors fresh perspectives on where analysts see value and opportunity, though as always, individual investment decisions should consider multiple factors beyond any single analyst's opinion.