Upgrades for Robinhood and CrowdStrike by Investing

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Top Market Insights from Wall Street Analysts

Here’s your weekly recap of key takeaways from Wall Street analysts.

Robinhood
What happened? On Monday, Citi upgraded Robinhood Markets Inc to Neutral with an $18 price target.
Summary: The selloff of HOOD on Friday was deemed unwarranted, with Citi expressing positivity about management performance.
Details: Citi noted that Robinhood experienced a 12% decline on Friday due to concerns over lower interest rates. However, analysts pointed out an improving fundamental story, highlighted by healthy growth in deposits, margin balances, and options/equities trading. With the stock’s recent pullback, Citi sees a more favorable risk/reward profile. Robinhood is scheduled to release its second-quarter earnings on August 7, where analysts anticipate positive updates regarding growth initiatives, including expansion into the UK and the rollout of the Gold card.

CrowdStrike Holdings
What happened? On Tuesday, Piper Sandler upgraded CrowdStrike Holdings Inc to Overweight with a $290 price target.
Summary: The impact of a recent outage is expected to be short-lived with negligible costs.
Details: Following a previous downgrade, Piper upgraded the cybersecurity firm after reassessing its long-term strategic value. Although there was concern over the effects of the outage, which had a massive scale, analysts believe that it won’t significantly impact CrowdStrike’s fundamentals, suggesting that investors should consider buying at the current price level.

Arm Holdings
What happened? On Wednesday, Bernstein SocGen upgraded Arm Holdings ADR to Market-Perform with a $100 price target.
Summary: Bernstein sees improved gains in cloud computing, expecting royalties to enhance earnings in 2026.
Details: Following a notable decline in share price, Bernstein reassessed its valuation of Arm. Analysts express confidence in the projected penetration of Arm’s v9 architecture, contributing to expected royalties and market share growth in mobile and cloud computing. Despite some challenges in areas like networking and industrial IoT, Bernstein anticipates significant earnings growth driven by the mobile and cloud segments.

Klaviyo
What happened? On Thursday, Keybanc upgraded Klaviyo Inc to Overweight with a $33 price target.
Summary: Strong performance in the EMEA region amid a tough market environment.
Details: Initially rated neutrally, Klaviyo has outperformed with a 35% revenue growth in Q2 2024. Analysts are particularly impressed with its ability to secure new customers and expand internationally. Despite the general tough market for software, Klaviyo has maintained robust growth, positioning itself for future success with noteworthy performance metrics.

Five9 Inc
What happened? On Friday, Baird downgraded Five9 Inc to Neutral with a $40 price target.
Summary: Increasing competition poses ongoing challenges to the company’s stock performance.
Details: While Five9 reported solid Q2 results, the company issued weaker guidance for Q3 and revised its full-year expectations. Analysts noted that the company faced challenges due to weakened booking trends and a turbulent macro environment. Despite some limitations on downside due to valuation, Baird suggests that ongoing competitive threats and reduced visibility will be significant hurdles for Five9 in the near term.

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