Alphabet upgraded, Nike downgraded: Wall Street's top analyst calls

23 hours ago 4

The Fly

Thu, January 8, 2026 astatine 8:35 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:

Cantor Fitzgerald upgraded Alphabet (GOOGL) to Overweight from Neutral with a terms people of $370, up from $310. The steadfast believes Alphabet has the "strongest footprint crossed respective layers successful the AI tech stack."
Cantor Fitzgerald upgraded Airbnb (ABNB) to Neutral from Underweight with a terms people of $141, up from $117. The stock's valuation is "more accommodating" pursuing the underperformance successful 2025, the steadfast tells investors successful a probe note.
Evercore ISI upgraded Roku (ROKU) to Outperform from In Line with a terms people of $145, up from $105. The institution has a fig of catalysts successful 2026, including Amazon (AMZN) demand-side level integration, maturation of Roku Ad Manager, and a caller premium subscription channels wrong The Roku Channel experience.
Scotiabank upgraded Shopify (SHOP) to Outperform from Sector Perform with a terms people of $200, up from $165, citing top-line spot and beardown operating leverage that is "increasingly being helped by AI."
BofA upgraded Coinbase (COIN) to Buy from Neutral with an unchanged terms people of $340. The banal is disconnected 40% from its July highs, but nether the aboveground of the Q4 crypto correction the company's merchandise velocity has accrued and its full addressable marketplace expanded successful parallel, the steadfast tells investors.

Top 5 Downgrades:

Needham downgraded Nike (NKE) to Hold from Buy without a terms target. The company's turnaround is progressing slower than expected, the steadfast tells investors successful a probe note.
Gordon Haskett downgraded Chipotle (CMG) to Hold from Buy with a $42 terms target. The firm, which sees lower-income and younger user cohort headwinds persisting "well into 2026," expects Chipotle volition spot postulation declines proceed successful 2026 and argues that upward EBITDA revisions volition beryllium "hard to deliver."
Gordon Haskett downgraded Tractor Supply (TSCO) to Hold from Accumulate with a $50 terms people up of Q4 net owed aboriginal this period connected Thursday, January 29. The steadfast is lowering its same-store income maturation estimation to 1.0% from 3.0% portion besides citing the deficiency of affirmative catalysts implicit the adjacent 3 to six months coupled with constricted visibility of same-store income maturation achieving Tractor's semipermanent presumption of 3%-5% for its downgrade.
Truist downgraded Darden (DRI) to Hold from Buy with a terms people of $207, down from $240. The steadfast sees a challenging setup for the institution into 2026.
Wolfe Research downgraded Toast (TOST) to Peer Perform from Outperform without a terms target. The steadfast remains "constructive" connected the company's execution, but views statement estimates for Toast and its valuation arsenic presently fair.