Analyst Calls: Upgrades, Cuts, and Target Swings

ABNB got the most aggressive target price lift of the day. JP Morgan's Doug Anmuth raised his target to $202 from $170, a 19% jump, while holding his neutral stance. The move reflects stronger travel demand momentum heading into the holiday season.

VEEV also drew a bullish target revision. UBS analyst Karl Keirstead pushed his price objective to $325 from $290, a 12% increase. The stock carries a predominantly Hold consensus, with 18 analysts sitting on the fence.

AKAM went the other way. UBS cut its target on the CDN and cloud security provider to $90 from $100. Fifteen analysts currently rate it a sell, the most negative skew in this batch of changes.

AWK suffered the only outright downgrade in the set. UBS's Gregg Orrill dropped American Water Works from Buy to Hold, also cutting the target to $162 from $153. The water utility sector has faced pressure from rising interest rates, which weigh on regulated asset valuations.

GILD saw its consensus target climb to $174.77 from $170.88. The biotech's HIV and oncology pipeline has drawn renewed interest following recent data readouts.

EBAY rounded out notable movers, with its consensus target nudging up to $126.74. The e-commerce platform has benefited from steady margin improvement and buyback activity in recent quarters.