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Analysts See Alphabet Climbing 23% While Adjusting Targets Across Energy, Tech, and Financial Stocks

MarketDash Editorial Team
3 hours ago
Wall Street analysts reshuffled their price targets Wednesday, with Citizens raising Alphabet's target to $385 while the stock traded at $313.85. Here's a complete roundup of rating changes spanning utilities, tech, pharma, and financial companies.

Wednesday brought a fresh wave of analyst action across Wall Street, with firms adjusting their outlooks on everything from energy giants to struggling hydrogen plays. The most eye-catching move? Citizens putting a $385 price target on Alphabet Inc. (GOOGL), suggesting the tech giant has about 23% room to run from Tuesday's closing price of $313.85. Analyst Andrew Boone maintained his Market Outperform rating on the stock.

But Alphabet wasn't the only name getting attention. Here's what analysts were thinking about ten different stocks spanning utilities, industrial real estate, semiconductors, pharmaceuticals, and financial services.

Energy and Utilities Get Mixed Signals

B of A Securities trimmed its outlook on WEC Energy Group, Inc. (WEC), cutting the price target from $122 to $116 while maintaining a Neutral rating. Analyst Julien Dumoulin-Smith made the adjustment as WEC Energy shares closed at $106.09 on Tuesday, already trading below even the reduced target.

Over at NextEra Energy, Inc. (NEE), Jefferies took a slightly more optimistic view, raising the price target from $85 to $88. Analyst Julien Dumoulin-Smith kept a Hold rating on the renewable energy leader, which closed Tuesday at $80.53.

Hydrogen Hope or Wishful Thinking?

Plug Power Inc. (PLUG) got an interesting vote of confidence from Clear Street analyst Tim Moore, who upgraded the struggling hydrogen stock from Hold to Buy. The catch? Moore actually lowered the price target from $3.50 to $3. That would still represent substantial upside from Tuesday's close of $1.94, but it's a sign of how far expectations have fallen for the company. Sometimes an upgrade with a lower price target tells you everything you need to know about how a stock has performed.

Industrial Real Estate Gets a Boost

Prologis, Inc. (PLD) received one of the day's most bullish calls, with BTIG raising its price target from $134 to $155. Analyst Thomas Catherwood maintained a Buy rating on the logistics real estate giant, which closed Tuesday at $129.01. That new target implies roughly 20% upside for the warehouse and distribution center landlord.

Banking and Financial Services Updates

The financial sector saw multiple adjustments. Keefe, Bruyette & Woods raised the price target for Community West Bancshares (CWBC) from $23 to $25, with analyst Wood Lay maintaining a Market Perform rating. The regional bank's shares closed at $22.52 on Tuesday.

Meanwhile, Capital One Financial Corporation (COF) got a meaningful bump from Citigroup, which raised its price target from $290 to $310. Analyst Keith Horowitz maintained a Buy rating on the credit card and banking company, which closed Tuesday at $243.97. That suggests Citigroup sees another 27% upside potential.

Pharma and Defense Adjustments

Vanda Pharmaceuticals Inc. (VNDA) saw its price target jump from $5 to $7.50 at Jefferies, where analyst Chris Howerton maintained a Hold rating. The biotech company's shares settled at $7.03 on Tuesday, putting them right in the middle of where they've been and where the analyst thinks they're going.

Amentum Holdings, Inc. (AMTM), a government services contractor, got a price target increase from B of A Securities, moving from $27 to $30. Analyst Mariana Perez Mora maintained a Neutral rating as Amentum shares closed at $29.30 on Tuesday, approaching the new target.

Semiconductor Downgrade

Not everyone got good news. GLOBALFOUNDRIES Inc. (GFS) faced a double downgrade from Wedbush, with analyst Matt Bryson cutting both the rating from Outperform to Neutral and the price target from $42 to $40. The chip manufacturer's shares settled at $36.12 on Tuesday, already trading below the reduced target and reflecting ongoing challenges in the semiconductor manufacturing space.

These analyst moves reflect the ongoing recalibration happening across Wall Street as firms adjust their expectations for 2025. Whether you're looking at the optimism around Alphabet and Capital One or the more cautious stance on utilities and semiconductors, the message is clear: analysts are actively reassessing valuations across sectors as the year begins.

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Analysts See Alphabet Climbing 23% While Adjusting Targets Across Energy, Tech, and Financial Stocks

MarketDash Editorial Team
3 hours ago
Wall Street analysts reshuffled their price targets Wednesday, with Citizens raising Alphabet's target to $385 while the stock traded at $313.85. Here's a complete roundup of rating changes spanning utilities, tech, pharma, and financial companies.

Wednesday brought a fresh wave of analyst action across Wall Street, with firms adjusting their outlooks on everything from energy giants to struggling hydrogen plays. The most eye-catching move? Citizens putting a $385 price target on Alphabet Inc. (GOOGL), suggesting the tech giant has about 23% room to run from Tuesday's closing price of $313.85. Analyst Andrew Boone maintained his Market Outperform rating on the stock.

But Alphabet wasn't the only name getting attention. Here's what analysts were thinking about ten different stocks spanning utilities, industrial real estate, semiconductors, pharmaceuticals, and financial services.

Energy and Utilities Get Mixed Signals

B of A Securities trimmed its outlook on WEC Energy Group, Inc. (WEC), cutting the price target from $122 to $116 while maintaining a Neutral rating. Analyst Julien Dumoulin-Smith made the adjustment as WEC Energy shares closed at $106.09 on Tuesday, already trading below even the reduced target.

Over at NextEra Energy, Inc. (NEE), Jefferies took a slightly more optimistic view, raising the price target from $85 to $88. Analyst Julien Dumoulin-Smith kept a Hold rating on the renewable energy leader, which closed Tuesday at $80.53.

Hydrogen Hope or Wishful Thinking?

Plug Power Inc. (PLUG) got an interesting vote of confidence from Clear Street analyst Tim Moore, who upgraded the struggling hydrogen stock from Hold to Buy. The catch? Moore actually lowered the price target from $3.50 to $3. That would still represent substantial upside from Tuesday's close of $1.94, but it's a sign of how far expectations have fallen for the company. Sometimes an upgrade with a lower price target tells you everything you need to know about how a stock has performed.

Industrial Real Estate Gets a Boost

Prologis, Inc. (PLD) received one of the day's most bullish calls, with BTIG raising its price target from $134 to $155. Analyst Thomas Catherwood maintained a Buy rating on the logistics real estate giant, which closed Tuesday at $129.01. That new target implies roughly 20% upside for the warehouse and distribution center landlord.

Banking and Financial Services Updates

The financial sector saw multiple adjustments. Keefe, Bruyette & Woods raised the price target for Community West Bancshares (CWBC) from $23 to $25, with analyst Wood Lay maintaining a Market Perform rating. The regional bank's shares closed at $22.52 on Tuesday.

Meanwhile, Capital One Financial Corporation (COF) got a meaningful bump from Citigroup, which raised its price target from $290 to $310. Analyst Keith Horowitz maintained a Buy rating on the credit card and banking company, which closed Tuesday at $243.97. That suggests Citigroup sees another 27% upside potential.

Pharma and Defense Adjustments

Vanda Pharmaceuticals Inc. (VNDA) saw its price target jump from $5 to $7.50 at Jefferies, where analyst Chris Howerton maintained a Hold rating. The biotech company's shares settled at $7.03 on Tuesday, putting them right in the middle of where they've been and where the analyst thinks they're going.

Amentum Holdings, Inc. (AMTM), a government services contractor, got a price target increase from B of A Securities, moving from $27 to $30. Analyst Mariana Perez Mora maintained a Neutral rating as Amentum shares closed at $29.30 on Tuesday, approaching the new target.

Semiconductor Downgrade

Not everyone got good news. GLOBALFOUNDRIES Inc. (GFS) faced a double downgrade from Wedbush, with analyst Matt Bryson cutting both the rating from Outperform to Neutral and the price target from $42 to $40. The chip manufacturer's shares settled at $36.12 on Tuesday, already trading below the reduced target and reflecting ongoing challenges in the semiconductor manufacturing space.

These analyst moves reflect the ongoing recalibration happening across Wall Street as firms adjust their expectations for 2025. Whether you're looking at the optimism around Alphabet and Capital One or the more cautious stance on utilities and semiconductors, the message is clear: analysts are actively reassessing valuations across sectors as the year begins.