Adobe downgraded, Palantir upgraded: Wall Street's top analyst calls

17 hours ago 1

The Fly

Tue, February 3, 2026 astatine 8:34 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:

Northland upgraded Palantir (PLTR) to Outperform from Market Perform with a terms people of $190, up from $185, pursuing the company's "extravagant results" successful Q4.
Daiwa upgraded Visa (V) to Outperform from Neutral with an unchanged terms people of $370. The steadfast revised net forecasts for Visa successful airy of the Q1 net merchandise connected January 29, "nudging up" forecasts for the mean term. Daiwa besides upgraded MasterCard (MA) to Outperform from Neutral with a terms people of $610, up from $605.
Morgan Stanley upgraded Affirm (AFRM) to Overweight from Equal Weight with a terms people of $76, down from $83. The caller banal weakness brings a "compelling risk/reward," the steadfast tells investors successful a probe note.
Citi upgraded JetBlue (JBLU) to Neutral from Sell with a terms people of $6, up from $4. The steadfast sees "upside risks" for the shares and says JetBlue is 1 of the fewer airlines that "strategic optionality is adjacent a possibility."
DA Davidson upgraded Q2 Holdings (QTWO) to Buy from Neutral with an unchanged $82 terms target. The steadfast is "not making a call" connected the upcoming Q4 results per se, but it believes that the pullback successful the shares implicit the past 6-8 months has created a much charismatic introduction point.

Top 5 Downgrades:

Piper Sandler downgraded Adobe (ADBE) to Neutral from Overweight with a terms people of $330, down from $470, pursuing a transportation successful expert coverage. The steadfast is acrophobic that seat-compression and vibe coding narratives could enactment a ceiling connected the multiple, adding that "this is not a call" connected Q4 earnings.
RBC Capital downgraded Elevance Health (ELV) to Sector Perform from Outperform with a terms people of $358, down from $392. While "encouraged" by management's assurance successful underlying performance, the steadfast is stepping to the sidelines connected the softer than expected 2026 guidance and go-forward borderline outlook.
BofA downgraded Figure (FIGR) to Underperform from Neutral with a terms people of $42, down from $43. The banal has returned 109% successful the 5 months since its IPO, portion Coinbase (COIN) is down 41% since Figure's IPO, notes the firm, which calls the valuation spread "too wide."
BNP Paribas downgraded Exxon Mobil (XOM) to Underperform from Neutral with a terms people of $125, up from $114. The steadfast cites valuation for the downgrade, saying Exxon trades astatine a five-year precocious price-to-earnings multiple.
Roth Capital downgraded Coterra Energy (CTRA) to Neutral from Buy with a terms people of $28, down from $30. The steadfast believes that the institution volition not spot a higher connection than that of Devon Energy (DVN) oregon a competing bidder astatine this clip contempt the "modestly disappointing" takeout price.