Qorvo downgraded, Ulta Beauty upgraded: Wall Street's top analyst calls

1 month ago 25

The Fly

Mon, April 20, 2026 astatine 8:33 AM CDT 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:

Jefferies upgraded Ulta Beauty (ULTA) to Buy from Hold with a terms people of $700, up from $635. The steadfast has improved assurance successful the company's gross durability citing a "broadening quality backdrop and renewed constitution engagement."
Barclays upgraded Okta (OKTA) to Overweight from Equal Weight with a terms people of $90, up from $85. The steadfast believes Okta's lasting is "improving steadily arsenic a vendor expected to spot accrued spending."
Wells Fargo upgraded Biogen (BIIB) to Overweight from Equal Weight with a terms people of $250, up from $200. The steadfast believes the company's caller gross streams from its immunology and kidney pipelines trim its reliance connected Alzheimer's.
Stifel upgraded Plexus (PLXS) to Buy from Hold with a terms people of $250, up from $200. The steadfast believes Plexus has entered a "multi-sector gross inflection" crossed aerospace and defense, healthcare, and semicap, supported by its engineering-led exemplary that "creates stickier, higher-margin programme wins."
B. Riley upgraded Axcelis (ACLS) to Buy from Neutral with a terms people of $150, up from $91. The steadfast expects amended results for Q1 vs. statement and Q2 guidance astatine statement amid a Memory tick-up and Mature Foundry digests arsenic China stabilizes.

Top 5 Downgrades:

Mizuho downgraded Qorvo (QRVO) to Underperform from Neutral with a terms people of $66, down from $70. The steadfast cites its proviso concatenation checks and handset manufacture telephone for the downgrade. Mizuho besides downgraded Skyworks (SWKS) to Underperform from Neutral with a terms people of $46, down from $60.
Wells Fargo downgraded NXP Semiconductors (NXPI) to Equal Weight from Overweight with a terms people of $235, down from $265. Wells cites a weaking car backdrop for the downgrade of NXP.
Barclays downgraded Avis Budget (CAR) to Underweight from Equal Weight with a terms people of $150, up from $95. The steadfast attributes the caller rally to a "sharp supply/demand mismatch," with 2 holders accounting for 71% of outright ownership of the company, and implicit 100% of economical involvement fixed outstanding swaps.
BofA downgraded Mohawk Industries (MHK) to Neutral from Buy with a terms people of $122, down from $149, fixed continued anemic request for flooring successful the U.S., incremental input outgo ostentation and Europe macro headwinds.
Truist downgraded Doximity (DOCS) to Hold from Buy with a terms people of $29, down from $37. The steadfast has a taken a much cautious outlook connected Doximity, saying its gross maturation visibility has softened and structural risks are mounting.