S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
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Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Why Your IRA Could Crash on January 16th? (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Why Your IRA Could Crash on January 16th? (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Why Your IRA Could Crash on January 16th? (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Why Your IRA Could Crash on January 16th? (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike

3 Stocks Getting Upgrades

3 Stocks Getting UpgradesWith the S&P 500 index currently down 10% from its all time high and struggling to get its mojo back, it can be a scary time for investors trying to pick new stocks. Aside from sitting on your hands and waiting for the volatility to subside, one of the better and more reliable ways to filter out the junk from the quality is by looking at recently upgraded stocks. These are companies that the major sell-side firms think are currently under-valued and that offer some tempting upside. 
Let’s take a look at three such stocks that have recently been upgraded. 

Box (NYSE: BOX)

The fact that Box shares are currently at multi-year highs tells you a lot about their potential to keep rallying in the face of a recent upgrade. The team over at J.P. Morgan upped their rating on the cloud content company yesterday after the Redwood City headquartered Box delivered a solid beat on their Q4 earnings. Both EPS and revenue came in ahead of analyst expectations, the latter showing year on year growth of 17% while it did so. 

Analyst Mark Murphy upped his rating from Underweight in light of the results, noting that the business is accelerating, as evidenced by the most recently reported results. While stiff competition from the likes of Microsoft (NASDAQ: MSFT) and others still exists, Box has improved its profitability “markedly” since their shares were downgraded to Underweight more than two years ago. 

Box shares are right at the top of their recent range and within touching distance of kicking on to their highest levels since 2018. In a note to clients, Murphy wrote “as Box embarks on revenue acceleration into the low-to-mid teens with expanding margins and improving churn, we see the risk reward as much more balanced at current price levels, informing our rating change”. 

3 Stocks Getting Upgrades

Southwest Airlines (NYSE: LUV)

Despite the airline and travel industry still looking bedraggled from the COVID pandemic, Southwest Airlines have been named again and again in recent months as one of the best-looking majors still flying. That being said, their shares are currently trading 35% lower than where they were a year ago, but there’s a new bull voice saying that now might be the right time to buy


Evercore ISI were out with a surprise upgrade yesterday as they upped their rating on Southwest to Outperform. In a note to clients, they said "while reliability remains a priority, Southwest appears margin recovery-focused and must be considering the volatile inputs that the rest of the world can see too. Greater relative financial strength and margin-focused planning lead us to raise our rating."

This is just what investors in Southwest needed to hear, and you can be sure the comments will have attracted the attention of more than a few who are on the sidelines. Having survived the worst of the pandemic, airlines stocks lost whatever strength they had in their bid last week after Russia invaded Ukraine. But for investors with a long enough time horizon, the combination of this recent upgrade and the company’s Q4 results from late January, which had revenue up 150% on the year, should be enough to justify an entry. 

3 Stocks Getting Upgrades

Take-Two (NASDAQ: TTWO)

Take-Two is another of the pandemic darlings that’s suffering from a post-pandemic hangover. After peaking just over a year ago, their shares find themselves down 25%. Video game sales have fallen for three months in a row and the multi-month run of rising sales has been firmly broken. But investment firm MKM Partners upgraded the stock yesterday, citing what they called a “very compelling growth story."

Analyst Eric Handler upped his rating from Neutral to Buy, and slapped a fresh price target of $200 on the shares. Were they to hit this, they’d be within a few dollars of last year’s all-time high and would have rallied more than 25% to get there in the meantime. This is the kind of upside that investors find hard to ignore, and it’s reasonable to expect a bid to appear in Take-Two shares next week on the back of it. 

Referring to the company’s recent acquisition of Zynga, Handler also noted that “if Take-Two can effectively execute, the $200 price target could be conservative, as earnings per share could be aided between 17% and 30% from Zynga in 2024. There could also be about $100 million of cost synergies and roughly $500 million of top line synergies over time, which are likely to be evident in 2025.”3 Stocks Getting Upgrades

Should you invest $1,000 in BOX right now?

Before you consider BOX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOX wasn't on the list.

While BOX currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
BOX (BOX)
1.8814 of 5 stars
$29.02-0.7%N/A-263.82Moderate Buy$33.10
Take-Two Interactive Software (TTWO)
2.9187 of 5 stars
$108.76+2.2%N/A-988.73Moderate Buy$151.31
Southwest Airlines (LUV)
2.5286 of 5 stars
$39.75-0.8%N/A31.05Moderate Buy$50.24
Compare These Stocks  Add These Stocks to My Watchlist 

Sam Quirke

About Sam Quirke

Contributing Author: Technical Analysis

After graduating with a degree in finance, Sam worked for a trading technology company as an analyst before joining a prop firm. Here he traded energy, commodity and index futures while utilizing a combination of technical and fundamental analysis. Today he manages his own stock and option portfolio which is made up of longer term positions and shorter term momentum plays. He lives in Chicago.
Contact Sam Quirke via email at s.quirke.us@gmail.com.