In a whirlwind week of upgrades, downgrades and fresh coverage, major brokerages have shifted their ratings on five household names. Here’s a concise breakdown of what changed, why it matters and how upcoming data points may drive the next leg of each stock’s move—with subtle FMP API references to help you stay on top of key events.
Peloton (NASDAQ:PTON) → Truist Upgrade to Buy, $11 PT
TLDR: Cleaner balance sheet + leaner ops = path to free-cash-flow profitability by FY26; 1.4× sales valuation is enticing.
Truist argues Peloton’s fundamentals have turned a corner: operating expenses are down, subscription revenue (≈? of total) is driving margin expansion, and new leadership is laser-focused on top-line growth. With F3Q25 earnings due May 8 (see upcoming dates in the Earnings Calendar API for exact timing), Truist expects revenue to beat consensus slightly. At ~10.3× AEBITDA, Peloton looks “largely de-risked” for patient investors.
Hims & Hers (NYSE:HIMS) → TD Cowen Downgrade to Hold, $30 PT
TLDR: Post-1Q25 EPS beat masks looming growth headwinds as compounded GLP-1 programs wind down May 22.
TD Cowen warns HIMS may struggle to replace lucrative weight-loss revenue once its compounded GLP-1 offerings sunset. With ~34% short interest and tougher comps ahead, FY25–26 forecasts could slip. Still, HIMS’ scalable telehealth platform and FSA/HSA-eligible services offer long-term differentiation.
Airbnb (NASDAQ:ABNB) → DA Davidson Upgrade to Buy, $155 PT
TLDR: Leisure travel stays resilient; Airbnb’s 8 million+ listings and tech roadmap underpin durable growth.
DA Davidson highlights Airbnb’s asset-light advantage: flat pricing against rising hotel rates, relentless product innovation (e.g., the May “Summer Release”), and category-leading margins. Trading at 16.5× ’25 EV/EBITDA—14% below its one-year average—the stock could rerate as leisure travel normalizes.
Western Digital (NASDAQ:WDC) → JPMorgan Overweight Initiation, $57 PT
TLDR: Pure-play HDD shake-out complete; cloud demand and next-gen HAMR tech should drive 40.5%+ margins.
After spinning off NAND, WDC’s March quarter topped revenue and margin forecasts. With long-term hyperscaler contracts and HAMR volume on the horizon, JPMorgan sees durable upside. The firm also notes WDC’s improving credit profile via $1.8 billion note redemptions and a new $0.10 quarterly dividend.
Apple (NASDAQ:AAPL) → Rosenblatt Downgrade to Neutral, $217 PT
TLDR: iPhone demand steadied in F2Q25, but AI catalyst remains elusive—keeping growth muted.
Rosenblatt concedes Apple’s supply chain prowess and stable iPhone sell-through, but argues that without a clear AI-driven upswing, shares will tread water. For deeper filings on Apple’s product cadence, the SEC Filings API can track upcoming 10-Q and 10-K disclosures.
Bottom Line: From Peloton’s turnaround narrative to Apple’s AI dependency debate, these analyst moves underscore the importance of pairing fundamental insights with precise event tracking. Keep an eye on upcoming earnings dates and SEC filings—using FMP’s APIs—to stay ahead of market-moving catalysts.
