Shopify upgraded, Coinbase downgraded: Wall Street's top analyst calls

1 month ago 36

The Fly

Thu, February 12, 2026 astatine 8:44 AM CST 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

TD Cowen upgraded Shopify (SHOP) to Buy from Hold with an unchanged terms people of $159, citing valuation for the upgrade with the shares down 30% year-to-date. Shopify's "strong" quarter, continued maturation momentum and the post-earnings pullback "represents an charismatic introduction constituent for investors to ain the de facto modern-day eCommerce infrastructure," the steadfast tells investors successful a probe note. Mizuho besides upgraded Shopify to Outperform from Neutral with an unchanged terms people of $150.
Deutsche Bank upgraded BorgWarner (BWA) to Buy from Hold with a terms people of $82, up from $46. The steadfast says the company's entranceway into the AI information halfway marketplace is simply a "pivotal shift."
Barclays upgraded Analog Devices (ADI) to Overweight from Equal Weight with a terms people of $375, up from $315. The institution has the highest concern vulnerability wrong the analog radical "by far" and a beardown correlation betwixt its income maturation and the Purchasing Managers' Index, the steadfast tells investors successful a probe note.
JPMorgan upgraded MercadoLibre (MELI) to Overweight from Neutral with a terms people of $2,800, up from $2,650. The steadfast cites valuation for the upgrade pursuing the stock's caller underperformance.
William Blair upgraded Fastly (FSLY) to Outperform from Market Perform without a terms target. The institution reported a "stellar" 4th driven by rising publication from agentic AI traffic, the steadfast tells investors successful a probe note.

Top 5 Downgrades:

Monness Crespi downgraded Coinbase (COIN) to Sell from Buy with a $120 terms people arsenic the steadfast is cutting estimates "again" up of the company's Q4 report. The steadfast says its anterior presumption of a dependable betterment implicit the people of calendar 2026 was "foolish" fixed the emblematic magnitude and magnitude of crypto carnivore markets, telling investors that it present models softness done the archetypal fractional of 2026 and sets its calendar 2026 and 2027 estimates beneath the Street view.
JPMorgan downgraded Kraft Heinz (KHC) to Underweight from Neutral with a terms people of $22, down from $24. The institution reported a Q4 bushed but its 2026 integrated income maturation and net outlooks were beneath statement estimates, the steadfast tells investors successful a probe note.
BofA downgraded Icon (ICLR) to Underperform from Neutral with a terms people of $75, down from $195, aft the institution announced an interior committee probe into accounting practices and controls and noted that preliminary indications are that the institution whitethorn person overstated revenues successful 2023-2024 by up to 2% each fiscal year. Leerink besides downgraded Icon but to Market Perform from Outperform with a terms people of $105, down from $220.
Wells Fargo downgraded Inspire Medical (INSP) to Equal Weight from Overweight with a terms people of $70, down from $145. The steadfast says that portion important downside hazard to Inspire's 2026 gross seems little apt with its IV strategy availability, determination is excessively overmuch uncertainty astir doc reimbursement that is apt to stay an overhang connected shares for immoderate time. Baird besides downgraded Inspire Medical to Neutral from Outperform with a terms people of $74, down from $130.
RBC Capital downgraded Humana (HUM) to Sector Perform from Outperform with a terms people of $189, down from $322. Given the company's "outsized growth" successful an uncertain reimbursement backdrop, RBC sees a balanced risk/reward setup for Humana shares astatine the existent multiple.