Datadog upgraded, Accenture downgraded: Wall Street's top analyst calls

• Truist upgraded Datadog (DDOG) to Buy from Hold with a terms people of $300, up from $190. The firm's caller fieldwork revealed "key incremental positives," and it believes urgency of AI adoption successful the endeavor is importantly outweighing the urgency to optimize AI and customers stay aboriginal successful their agentic journeys.

• KeyBanc upgraded Rocket Lab (RKLB) to Overweight from Sector Weight with a $135 terms target. Following the SpaceX (SPCX) archetypal nationalist offering related selloff, the steadfast sees "compelling opportunities crossed the rapidly increasing abstraction sector." KeyBanc besides upgraded FireFly (FLY) to Overweight from Sector Weight.

• Citi upgraded Paychex (PAYX) to Buy from Neutral with a terms people of $140, up from $99. The company's integrated gross maturation volition accelerate successful fiscal 2027 for the archetypal clip successful 4 years, the steadfast tells investors successful a probe note.

• Jefferies upgraded HawkEye 360 (HAWK) to Buy from Hold with an unchanged terms people of $34. The steadfast cites valuation for the upgrade with the shares down 25% since June 1.

• Morgan Stanley upgraded Ferrari (RACE) to Overweight from Equal Weight with a terms people of $438, up from $388. The pullback successful the shares overstates the company's marque risk, the steadfast tells investors successful a probe note.

Top 5 Downgrades:

• Baird downgraded Roku (ROKU) to Neutral from Outperform with an unchanged terms people of $160. Baird besides removed Roku arsenic a "Best Idea." The steadfast cites valuation for the downgrade pursuing the stock's 20% rally connected merchantability reports.

• Northcoast downgraded Cheesecake Factory (CAKE) to Neutral from Buy with nary terms target, citing valuation aft shares reached the firm's anterior terms target. While the steadfast believes that the institution is driving postulation momentum successful the 4th that volition elevate same-store income beyond the 1%-2% absorption expects, it thinks it volition beryllium harder to grow store margins arsenic the twelvemonth progresses fixed the humble paper terms increases expected.

• Stifel downgraded MGM Resorts (MGM) to Hold from Buy with a terms people of $49, up from $48. The steadfast cites valuation for the downgrade pursuing the stock's rally connected the announcement of an connection from People Inc. to instrumentality the institution backstage astatine $48.30 per share. Stifel besides downgraded Caesars (CZR) to Hold from Buy with an unchanged terms people of $31.

• Citi downgraded Saia (SAIA) to Neutral from Buy with a terms people of $524, up from $516. The steadfast cites valuation for the downgrade, saying upside from existent stock levels based connected fundamentals is "increasingly hard to identify." Citi besides downgraded Knight-Swift (KNX) and C.H. Robinson (CHRW) to Neutral and downgraded Old Dominion (ODFL) to Sell. 

• Morgan Stanley downgraded Accenture (ACN) to Equal Weight from Overweight with a terms people of $177, down from $240. The company's AI walk rationalization has not played retired portion the involvement complaint situation is little supportive of fund growth, the steadfast tells investors successful a probe note.