Qualcomm downgraded, Okta upgraded: Wall Street's top analyst calls

2 weeks ago 15

The Fly

Thu, April 16, 2026 astatine 8:47 AM CDT 3 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:

Raymond James upgraded Okta (OKTA) to Outperform from Market Perform with an $85 terms target. Raymond James says its investigation of assorted metrics suggests a "forward waterfall that should effect successful upside to growth" for Okta.
Seaport Research upgraded JetBlue (JBUL) to Buy from Neutral with an $8 terms target. When a large rival exits the manufacture arsenic Spirit (FLYY) apt does this week arsenic per media reports, gross visibility improves, hazard drops, valuation moves higher, and JetBlue becomes a much credible takeout target, the steadfast tells investors successful a probe note.
HSBC upgraded OMA (OMAB) to Buy from Hold with a terms people of $134, up from $112. The steadfast says the company's home Mexico vulnerability and nearshoring tailwinds presumption it much resiliently amid higher substance prices.
Rothschild & Co Redburn upgraded Descartes Systems (DSGX) to Buy from Neutral with a terms people of $90, down from $100. The company's Global Logistics Network offers "strength and defensibility amid the emergence of AI, the steadfast tells investors successful a probe note.
JPMorgan upgraded Hamilton Lane (HLNE) to Overweight from Neutral with an unchanged terms people of $166. The steadfast says the 21% selloff successful Hamilton Lane is unwarranted fixed the company's constricted vulnerability to the backstage recognition market.

Top 5 Downgrades:

JPMorgan downgraded Qualcomm (QCOM) to Neutral from Overweight with a terms people of $140, down from $185, and placed the shares connected "negative catalyst watch." It sees downside hazard to Qualcomm's near-term estimates owed to concerns crossed its handset business.
Mizuho downgraded PayPal (PYPL) to Neutral from Outperform with a terms people of $50, down from $60. The steadfast sees rising competitory and cardinal headwinds for PayPal and Venmo.
JPMorgan downgraded NetApp (NTAP) to Neutral from Overweight with a terms people of $110, down from $125. The steadfast cites concerns astir "muted" net maturation for the institution successful fiscal 2027 for the downgrade.
Seaport Research downgraded Shift4 Payments (FOUR) to Neutral from Buy. Shift4 Payments' strategy remains differentiated, but outer challenges, peculiarly with Global Blue, person weighed much than expected connected gross and EBITDA, the steadfast tells investors successful a probe note.
Citi treble downgraded Flutter Entertainment (FLUT) to Sell from Buy, opened a "negative catalyst watch" connected the banal and removed the shares from its European Focus List. The steadfast nary longer values the institution U.S. concern connected fiscal 2028 estimates owed to reduced condemnation successful its maturation forecasts implicit 2026 and 2027.