Wall Street Analysts Upgrade AMD, Downgrade PDD in Latest Research Calls

AMD upgraded to Buy from Hold by Truist with a price target of $213, up from $173. Qualcomm upgraded to Buy from Neutral by Arete with a price target of $200, up from $172. Okta upgraded to Buy from Hold by Canaccord with a price target of $120, up from $115. Nio upgraded to Overweight from Neutral by JPMorgan with a price target of $8, up from $4.80. Extra Space Storage upgraded to Overweight from Equal Weight by Wells Fargo with an unchanged price target of $160. PDD Holdings downgraded to Neutral from Buy by New Street with an unchanged price target of $120. Keurig Dr Pepper downgraded to Hold from Buy by HSBC with a price target of $37, down from $40.

In recent developments, several companies have received analyst upgrades, signaling positive outlooks and potential growth opportunities. Here's a rundown of the latest analyst ratings and price target adjustments:

- AMD (Advanced Micro Devices, Inc.): Upgraded to a "Buy" rating from "Hold" by Truist Financial. The price target has been increased to $213, up from $173 [1].
- Qualcomm: Upgraded to a "Buy" rating from "Neutral" by Arete. The price target has been raised to $200, up from $172 [2].
- Okta: Upgraded to an "Overweight" rating from "Hold" by Canaccord. The price target remains unchanged at $120 [3].
- Nio: Upgraded to an "Overweight" rating from "Neutral" by JPMorgan. The price target has been increased to $8, up from $4.80 [4].
- Extra Space Storage: Upgraded to an "Overweight" rating from "Equal Weight" by Wells Fargo. The price target remains unchanged at $160 [5].
- PDD Holdings: Downgraded to a "Neutral" rating from "Buy" by New Street. The price target remains unchanged at $120 [6].
- Keurig Dr Pepper: Downgraded to a "Hold" rating from "Buy" by HSBC. The price target has been reduced to $37, down from $40 [7].

These upgrades and target adjustments reflect the analysts' confidence in the companies' future prospects and performance. Investors should consider these changes when evaluating their portfolios or making new investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[2] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[3] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[4] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[5] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[6] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/
[7] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/