Wall Street analysts reconfigure positions: Airbnb rises while Zillow is downgraded in recent sessions

Significant Changes in Stock Ratings: What Major Investment Banks Are Moving

Analysts at leading brokerage firms continue to make strategic adjustments to their positions amid a dynamic market. Below are the most notable movements capturing the attention of institutional and retail investors.

Companies Gaining Ground with New Upgrades

The travel platform Airbnb (ABNB) has received multiple rating upgrades. Wells Fargo has revised its outlook upward, moving the stock from Underweight to Equal Weight and raising its price target to $118 a $128. Barclays followed suit with a similar move, also placing Airbnb at Equal Weight with a target price of $120, compared to previous estimates. Both analyses highlight the stock’s underperformance over the past 24 months, opening opportunities in niches such as hotel services and sponsored advertising.

The airport sector also shows positive changes. Susquehanna upgraded American Airlines $107 AAL( from Neutral to Positive, raising its price target to )a $20. The bank sees a favorable outlook for the airline industry through 2026. More aggressively, JPMorgan executed a double upgrade on Southwest Airlines $14 LUV(, moving from Underweight to Overweight and significantly increasing its price target to )a $60, projecting the airline could reach $36 earnings per share in 2026.

The technology sector is also participating in this rally of upgrades. Berenberg raised CrowdStrike $5 CRWD( from Hold to Buy, maintaining a target of $600, citing the more attractive valuation following recent price pressure. FedEx )FDX( received a boost from Bank of America, which upgraded the stock to Buy from Neutral with a target price of $365, anticipating that infrastructure and depreciation tax incentives will boost corporate spending in the coming years.

) Stocks Losing Ground After Downgrades

On the other side, Zillow Group ###ZG( experienced a significant downgrade. Mizuho lowered its rating from Outperform to Neutral, and the price target fell from )a $70. The decision reflects concerns over the distribution of real estate listings, ongoing litigation, and potential impacts on the company’s operational model.

Adobe $100 ADBE( also faces downward pressure. BMO Capital downgraded its rating to Market Perform from Outperform, cutting the price target to )a $375. Despite a reasonable valuation, the bank anticipates a lack of positive catalysts to drive upward movement.

Qualcomm $400 QCOM( was downgraded by Mizuho, which changed its rating to Neutral from Outperform, lowering the target to )a $175. Projections have been reduced below consensus due to challenges in mobile device shipments and expected changes in chip composition for upcoming phone models.

GE Vernova $200 GEV( was downgraded by Baird from Outperform to Neutral, with the target price adjusted to )a $649. The main concern revolves around a possible oversupply in the market that could counteract short-term upside surprises. Mattel $816 MAT( completes this round of downgrades with Goldman Sachs shifting to Neutral from Buy, maintaining a target of )m while recalibrating the risk-reward balance.

$21 New Coverage Initiations with Mixed Outlooks

Telsey Advisory has initiated coverage of Chipotle ###CMG( with an Outperform rating and a target of $50. Although the restaurant sector experienced a contraction in consumer spending during 2025, the firm expects a moderate recovery in 2026 as consumers benefit from higher tax refunds and declining interest rates.

DraftKings )DKNG( was covered for the first time by Texas Capital with a Hold rating and a target of $39. While recognized as a leading player in online gaming, the bank notes the inherent volatility of pure gaming stocks, user retention risks, and the possibility of increased taxes in certain states.

Autodesk )ADSK( received a bullish outlook from Rothschild & Co Redburn, initiating coverage with a Buy rating and a target of $375. The analysis projects an annual growth rate of 5.0%-5.5% between 2024 and 2027, above market estimates.

Casey’s General Stores )CASY( was covered by Bank of America with a Buy rating and a target of $700, reflecting the company’s focus on high-margin food services and steady EBITDA growth. Finally, Doximity )DOCS( was initiated by RBC Capital with an Outperform rating and a target of $59, highlighting its position as a healthcare technology platform with consistent double-digit growth and robust operating margins near 50%.