Prologis, CNQ, Qualcomm, TTD, SHAK Trending With Analysts

Analysts are intrested in these 5 stocks: ( (PLD) ), ( (CNQ) ), ( (QCOM) ), ( (TTD) ) and ( (SHAK) ). Here is a breakdown of their recent ratings and the rationale behind them.

Prologis is drawing fresh enthusiasm from analysts who see it as a prime way to play the data center boom. John Kim has upgraded PLD to Buy with a $162 target, arguing the company can “double-dip” as both a data center developer and industrial landlord. With 3.7 GW of leaseable capacity secured, data centers now make up 69% of its pipeline starts and are delivering higher expected yields and margins.

Kim highlights that data center suppliers already account for about 10% of Prologis’s new leasing, with L.A. industrial demand finally recovering in its key Class A market. He estimates that a 10-year, $23 billion data center build-out could create $5.3 billion in net present value, assuming 4.9 GW of capacity. For investors, the call is that Prologis is no longer just a warehouse REIT, but a critical backbone for AI and cloud infrastructure.

Canadian Natural is back in favor as a classic “steady Eddie” in the energy space after a sharp pullback in the stock. Analyst Michael Barth has upgraded CNQ to Buy with a higher C$67 target, noting the shares sold off about 13% and now look attractive versus peers. He sees improving fundamentals, including emerging SCO price premiums and stronger realized pricing for the company’s mining business.

Barth believes CNQ can hit its long-term net debt goal of C$13 billion by the end of 2026 while still ramping buybacks, which he estimates could be roughly 2.5 times last year’s level. Thermal and mining operations are performing well, with Jackfish running above nameplate and April mining volumes beating expectations. With disciplined spending, rising cash flow and a clearer path to higher shareholder returns, CNQ is being recast as a value play with upside.

Qualcomm is being rebranded by Wall Street as a potential next big winner in AI and data center chips. Analyst Louis Miscioscia has raised QCOM to Buy with a sharply higher $225 target, arguing the market is underestimating its opportunity in Arm-based data center CPUs and edge AI. While 3Q26 revenue guidance came in below Street estimates, the real story is the ramp beginning in 4Q26 with a major hyperscaler.

Miscioscia points out that Qualcomm’s auto and IoT businesses are already growing, with automotive revenue up 38% and on track for a $6 billion run rate. He sees investor day in late June as a key catalyst, where the company is expected to detail its DC AI CPU roadmap and total addressable market. With one of the lowest valuations in the semiconductor group, the upgrade thesis is that Qualcomm could see a price-to-earnings reset if it executes on its AI ambitions.

The Trade Desk is facing a wave of caution as multiple analysts cut ratings on the ad tech darling amid slowing growth and rising competition. Ralph Schackart has downgraded TTD to Hold, citing more volatile results, market share losses flagged by ad buyers, and a decelerating revenue trajectory that now trends closer to mid-teens rather than the 20% investors once assumed. He also notes concerns around the Kokai platform’s higher pricing and recent agency pushback.

Justin Patterson has also shifted to a neutral stance, warning that 2Q guidance implies just about 8% year-on-year growth and a notable slowdown, with his longer-term models now assuming 9% growth in 2026 and 2027. Jason Helfstein echoes these worries, removing his prior price target and downgrading as well, despite solid 1Q results and strong performance in video and audio. Together, they suggest that until revenue reaccelerates and agency tensions ease, the stock’s valuation may continue to compress.

Shake Shack is winning back supporters on the Street despite a smoky start to the year. Analyst Chris O’Cull has upgraded SHAK to Buy with an $85 target, arguing the market has overreacted to weak first-quarter earnings and soft April sales. He notes the stock is trading near 10-year valuation lows at about 12.5 times forward EBITDA, a level last seen during the COVID trough, even as the brand continues to open new units at a low-teens pace.

O’Cull sees significant room for margin expansion if management delivers on promised G&A leverage, which could drive stronger free cash flow and attract more institutional investors. He believes second-quarter same-store sales guidance, supported by the Smoky BBQ launch and heavy marketing, may prove achievable, especially with Shake Shack’s strong exposure to U.S. World Cup host markets. With a long runway of potential new locations, including drive-thru formats, the upgrade frames SHAK as a beaten-down growth story with renewed upside.