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

• Arete upgraded Roblox (RBLX) to Buy from Neutral with a terms people of $95, up from $75. The stock terms has declined 67% since precocious 2025 and astatine $45, Arete is simply a buyer. The steadfast believes AI volition alteration the rollout of Roblox's property verification, parental controls, and idiosyncratic information measures. It sees the company's idiosyncratic maturation and escaped currency travel inflecting.

• Seaport Research upgraded Warner Bros. Discovery (WBD) to Buy from Neutral with a $31 terms target, arguing that the risks to closure of the $31 per stock currency acquisition by Paramount Skydance (PSKY) "appear to beryllium waning somewhat."

• Barclays upgraded STMicroelectronics (STM) to Equal Weight from Underweight with a terms people of EUR 65, up from EUR 34. The steadfast has little concerns astir STM's gross margins, saying the institution tin rise prices portion its optical and outer businesses could outperform expectations.

• BMO Capital upgraded Casey's General Stores (CASY) to Outperform from Market Perform with an unchanged terms people of $950 aft gathering with management. The steadfast cites valuation for the upgrade with shares pulling backmost $135 since the institution reported fiscal Q4 earnings.

• UBS upgraded Cytokinetics (CYTK) to Buy from Neutral with a terms people of $115, up from $69. Cytokinetics is good positioned for upside driven by beardown Myqorzo motorboat momentum successful obstructive hypertrophic cardiomyopathy, higher highest income estimates, affirmative doc adoption feedback, and further semipermanent worth imaginable from expected non-obstructive HCM enlargement pursuing a 2026 filing and 2027 support timeline, the steadfast tells investors successful a probe note.

Top 5 Downgrades:

• Phillip Securities downgraded Adobe (ADBE) to Neutral from Buy with a terms people of $203, down from $385. The steadfast says that portion bequest software-as-a-service "remains resilient owed to its mission-critical quality and reliability," institution maturation has slowed contempt a fewer twelvemonth caput commencement successful AI. Phillip Securities besides downgraded Salesforce (CRM) to Neutral from Buy with a terms people of $166, down from $270.

• BofA downgraded Doximity (DOCS) to Underperform from Buy with a terms people of $20, down from $38, citing constricted clarity connected the near-term trajectory of gross and margins on with execution risks related to the pivot to AI.

• Seaport Research downgraded MSG Entertainment (MSGE) to Neutral from Buy with nary terms target. Enthusiasm for imaginable Theater monetization and upcoming residencies drove up shares, notes the firm, which believes shares trading supra $80 present mostly bespeak the beardown cardinal maturation for FY26, affirmative upcoming lawsuit visibility, and the hopes for perchance monetizing the Theater astatine the Garden.

• BofA downgraded Alkermes (ALKS) to Underperform from Neutral with a $38 terms target. The steadfast sees the banal arsenic "priced to near-perfect execution" of the orexin pipeline without adequately reflecting risks up of the company's adjacent large orexin updates.

• Deutsche Bank downgraded Synaptics (SYNA) to Hold from Buy with an unchanged terms people of $125 aft the institution reached an statement to beryllium acquired by On Semi (ON).