Analysts Upgrade Stock Ratings Amid Positive Market Trends

Analyst Arun Jayaram has upgraded EQT's stock rating from neutral to overweight, citing improving fundamentals and potential for significant growth. The new price target suggests a more than 30% upside, indicating that EQT could be a strong catch-up trade in the current market. Similarly, analyst Konik has set a buy rating for the stock with a price target of $75, reflecting a potential 38% increase from Monday's closing price. In the tech sector, Qualcomm shares have surged 35% this year, although analyst Stephen Bersey has revised his price target down to $302 from $388. Despite this adjustment, the forecast still suggests a 14% upside for CrowdStrike shares, indicating continued investor interest in the cybersecurity firm. Piper Sandler has also raised its price target for Microsoft, attributing the upgrade to the company's robust cloud business. The bank's optimistic outlook reflects a broader confidence in Microsoft's growth trajectory. Meanwhile, Krispy Kreme has received an upgrade from hold to buy, with a target price of $14, suggesting a potential 31% rally despite a 29% decline in stock value this year. Analyst Sorabh Daga highlighted the positive impact of the company's decision to sell its majority stake in Insomnia Cookies. Lastly, Skechers has been upgraded to overweight from equal weight, with a new price target of $80, up from $60. Despite a modest 3% increase in shares year-to-date, the company is expected to benefit from improved operating conditions and strategic announcements.