KeyBanc boosts Monday.com to overweight rating amid market optimism

On February 11, 2025, notable upgrades and reiterations from various financial institutions marked a pivotal day on Wall Street. KeyBanc, after analyzing the recent earnings of Monday.com, confidently upgraded its rating from sector weight to overweight, also setting a new price target of $420. This decision reflects a growing belief in the project management software company's recovery and future potential. CFRA also upgraded Super Micro Computer from hold to buy, citing the company's undervaluation ahead of their earnings report scheduled for later that day. The firm highlighted Super Micro’s comprehensive data center solutions and competitive pricing as factors that will enable it to meet the rising demand from hyperscalers in the current tech landscape. KeyBanc went further by upgrading Steel Dynamics from sector weight to overweight, predicting a nearly 20% total return. The upgrading rationale included the prospect of future tariffs and steel duties, which should bolster the pricing of sheet steel in the short term. Industry trends in AI, as well as solid demand for cell phones and data centers, are also expected to positively influence share performance. Meanwhile, real estate agency Compass received a buy upgrade from UBS, and Walmart's position as a market share gainer was reiterated by Citi in anticipation of upcoming earnings. Apple retained its overweight rating from Morgan Stanley, with observations suggesting that Apple Intelligence had a small but positive effect on U.S. iPhone demand. Notably, international business firm, IBM, was initiated with an outperform rating, hinting at an optimistic outlook for the company. Additionally, First Solar received an upgrade from Mizuho amid improving sales prospects, while Palantir and Southwest Airlines were mentioned in positive contexts regarding their operational focus and management growth initiatives, respectively.