Zhitong US Stock Research Report (1.5) | Wells Fargo to Disney (DIS. US) "Overweight" rating, UBS downgraded Adobe (ADBE. US) price target to $575

UBS: Downgraded Adobe (ADBE. US) rated it "neutral" and lowered its price target from $635 to $575.

UBS analyst Karl Keirstead said that due to Adobe (ADBE. US) marketing spending in 2020 and 2021 is higher than investors expect, which could hurt the company's growth rate this year. Separately, Keirstead added, Adobe's marketing technology mix is undergoing a "shift," which could have a bigger negative impact on the company's digital experience division revenue than expected.

Wells Fargo: To Disney (DIS. US) "Overweight" rating with a price target of $196.

Wells Fargo analyst Steven Cahall noted that the past few months have shown that if Disney is to achieve its 2024 financial guidance, content issues could be the biggest obstacle to the company's path forward. As a result, the analyst believes that Disney's series of changes in 2021 are the right decisions. Given Disney's history in delivering content offerings, Cahall sees this as an attractive setting and sees Disney as its favorite large-cap stock for 2022.

Cantor Fitzgerald: First to Riot (RIOT. US) "Overweight" rating.

Cantor Fitzgerald analyst Mike Colonnese believes that Riot will be able to maintain profitability even during periods of falling Bitcoin prices and weakening future cycles, thanks to its size and relatively low energy costs. In addition, Riot's acquisition of Wheelstone gives the company a "significant competitive advantage" as it reduces the company's third-party hosting providers and makes Riot more vertically integrated.

The analyst added: "Overall, Riot is the best way for investors to gain bitcoin exposure without directly owning digital assets, as Riot holds most of the bitcoins it mines. ”

Needham: Reiterating MRVL. US) "Buy" rating, with the target price raised to $115 from $110.

Needham Analyst N. Quinn Bolton said the company is the semiconductor industry's top choice for 2022. Driven by new designs for the 5nm platform, its market share has increased, with an increased supply of major foundries, substrates, assembly and test partners. As a result, Bolton expects the company's revenue to grow organically by more than 30 percent in fiscal year 2022 and about 20 percent in fiscal year 2023, the fastest growing among its large-cap peers.

Guggenheim: Put Coca-Cola (KO. US) was upgraded from "neutral" to "buy" with a target price of $66.

Guggenheim analyst Laurent Grandet noted that during the recovery period, consumers have recovered faster than expected from eating in restaurants. "We expect Coca-Cola's business to almost return to pre-pandemic levels by the summer of 2022, about 6 months earlier than we expected a year ago."

B. Riley: Reiterating NovaVac Pharma (NVAX. US) "Buy" rating, with a price target raised from $305 to $315.

B. Riley analyst Mayank Mamtani said the recent volatility of the stock provides a "compelling" opportunity to buy more shares or open new positions as investors expect Nova Vacus Pharma's "key role" in the global outbreak to play a "pivotal role" in the global outbreak. In addition, the company's covid-19 vaccines in India are an "critical first step" in gaining access to India, the world's largest market for boosters and children's COVID-19 vaccines.

Analysts also said the risk of emergency use authorization for NovaVac Pharma will be eliminated after submitting the final data package to the U.S. Food and Drug Administration (FDA). Analysts expect the company's COVID-19 vaccine to "take a sizable share of the market that continues to expand."

Oppenheimer: To Coinbase (COIN. US) "outperformed" rating with a target price of $444

Oppenheimer analyst Owen Lau said Coinbase is worth paying attention to because "at a time when the same young, high-growth company is struggling to generate profits, this 9-year-old company can generate such high profit margins and cash flow." ”

Lau believes that while a longer crypto bear market could dampen valuations and affect short-term market sentiment, long-term investors don't need to worry too much for the following reasons: 1) Coinbase could be one of the few survivors (with $6.4 billion in cash on hand), 2) Coinbase could become stronger through a merger, and 3) investors could buy Coinbase stock at a low price.

Piper Sandler: Upgrading the MCD.US stock rating to "overweight."

Citi: Give ON Semiconductor (ON. US) "Buy" rating.

Citi: To Texas Instruments (TXN. US) "Buy" rating.