Analysts are intrested in these 5 stocks: ( (OKTA) ), ( (WEN) ), ( (RDDT) ), ( (COIN) ) and ( (M) ). Here is a breakdown of their recent ratings and the rationale behind them.
Okta is currently a hot topic among analysts, with Yun Kim from Loop Capital Markets initiating coverage with a Buy rating and a price target of $140. This comes as the identity security market is poised for mass adoption, driven by the need to secure GenAI deployments. Okta’s strategic assets, such as Auth0, and its relationship with OpenAI, position it as a leader in this space. The company has overcome past challenges and is expected to see accelerating growth, making it a favorable investment opportunity.
Wendy’s has caught the attention of analyst Rahul Krotthapalli, who upgraded the stock to Buy with a price target of $15 by December 2026. The fast-food chain is seen as a value-oriented opportunity, with significant upside potential due to its strong free cash flow yields and international market expansion. The company’s focus on franchise accountability and store development is expected to drive growth, making it an attractive option for investors seeking steady returns.
Reddit Inc. has been upgraded to a Buy by analyst Aaron Kessler, with a price target of $165. Despite a recent slowdown in user growth due to changes in Google search, Reddit’s long-term fundamentals remain strong. The platform is a major destination for internet users and offers significant monetization opportunities for advertisers. With expectations of continued user growth and high EBITDA margins, Reddit is positioned for substantial revenue growth, making it a compelling investment.
Coinbase Global has received mixed reviews from analysts. Mark Palmer initiated coverage with a Buy rating and a price target of $252, citing the company’s strong position in the digital asset space and potential benefits from pending crypto-related legislation. However, Gustavo Gala downgraded the stock to Hold, expressing concerns over potential revenue disappointments and regulatory challenges. Despite short-term uncertainties, Coinbase’s long-term prospects remain positive, with opportunities for growth in institutional adoption of digital assets.
Macy’s has been initiated with a Buy rating by analyst Fawne Jiang. The department store chain is seen as a promising investment due to its strategic initiatives and potential for growth in the retail sector. With a focus on enhancing its e-commerce capabilities and expanding its product offerings, Macy’s is well-positioned to capitalize on consumer trends and drive future success. Investors looking for opportunities in the retail space may find Macy’s an appealing choice.