Roku upgraded, Lockheed downgraded: Wall Street's top analyst calls

7 hours ago 4

The Fly

Tue, December 16, 2025 astatine 8:33 AM CST 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

Morgan Stanley upgraded Roku (ROKU) to Overweight from Underweight with a terms people of $135, up from $85. The steadfast sees a "strong" 2026 for U.S. advertizing walk owed to integer strength.
Jefferies upgraded Okta (OKTA) to Buy from Hold with a terms people of $125, up from $90, arsenic portion of its 2026 bundle outlook. Okta has a "significant opportunity" arsenic it attempts to physique retired a implicit individuality level and seizure increasing agentic demand, the steadfast tells investors successful a probe note.
Guggenheim upgraded ServiceNow (NOW) to Neutral from Sell. The steadfast cites valuation for the upgrade with the shares beneath its erstwhile terms target.
Goldman Sachs upgraded Rockwell Automation (ROK) to Neutral from Sell with a terms people of $448, up from $329. Under caller management, the institution is successful the aboriginal stages of structurally improving pricing, which could supply important operating leverage going forward, the steadfast tells investors successful a probe note.
Morgan Stanley upgraded L3Harris Technologies (LHX) to Overweight from Equal Weight with a terms people of $367, up from $350, arsenic portion of its 2026 outlook for aerospace and defense. The steadfast sees aerospace and defence arsenic charismatic going into 2026, saying request continues to outpace proviso growth. Morgan Stanley besides upgraded General Dynamics (GD) to Overweight.

Top 5 Downgrades:

Baird downgraded Zimmer Biomet (ZBH) to Neutral from Outperform with a terms people of $100, down from $117. Zimmer's "disappointing" 2025 contempt bully archetypal caller merchandise uptake brings questions astir imaginable Mako surgeon gains for Stryker apt impacting the company, the steadfast tells investors successful a probe note.
Wells Fargo downgraded Capri Holdings (CPRI) to Equal Weight from Overweight with a terms people of $27, up from $25. The steadfast argues that affirmative catalysts are present successful the rearview and complaint of alteration is much debated against a much balanced risk/reward.
Morgan Stanley downgraded Lockheed Martin (LMT) to Equal Weight from Overweight with a terms people of $543, down from $630, arsenic portion of its 2026 outlook for aerospace and defense. The steadfast sees aerospace and defence arsenic charismatic going into 2026, saying request continues to outpace proviso growth.
Citizens downgraded StubHub (STUB) to Market Perform from Outperform without a terms target. The steadfast expects the company's contention "to beryllium much robust" successful 2026, limiting its stock gains and expanding selling spend.
KeyBanc downgraded GitLab (GTLB) to Sector Weight from Overweight without a terms people arsenic portion of its 2026 vertical bundle outlook. The company's pricing powerfulness volition apt beryllium a headwind passim 2026 portion changes to its concern exemplary to incorporated caller usage-based elements summation execution hazard successful the near-term, the steadfast tells investors successful a probe note.