Under Armour cut to Sell, Snap upgraded: Wall Street’s top analyst calls

The Fly

Tue, February 10, 2026 at 11:45 PM GMT+9 3 min read

In this article:

•                                       StockStory Top Pick 
  

  MNDY

  -0.45%

  WING

  -5.25%

  PLTR

  +1.29%

 SNAP  

 +3.44%  

 

 

 SGI  

 -0.44%  

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.

**Top 5 Upgrades: **

Arete upgraded **Snap **(SNAP) to Buy from Neutral with a $7.30 price target. The company's sales growth is shifting from a reliance on a "sub-scale" advertising business to higher margin, recurring subscription income, the firm tells investors in a research note.

Oppenheimer upgraded **Unity **(U) to Outperform from Perform with a $38 price target. The firm says that the recent selloff, driven by fears that "world models" like Google's (GOOGL) Project Genie will displace game engines, is fundamentally misplaced and ignores the distinct architectural role Unity plays in development.

Gordon Haskett upgraded **Booking Holdings** (BKNG) to Buy from Hold with a $5,440 price target. The firm believes investors have overreacted to AI-driven competitive encroachment concerns and discounted key aspects of Booking's operational advantages and defensive positioning.

Daiwa upgraded **Palantir **(PLTR) to Buy from Neutral with a price target of $180, down from $200. "The earnings release left a positive impression," contends Daiwa.

Raymond James upgraded **Take-Two **(TTWO) to Strong Buy from Outperform with an unchanged price target of $285. The firm views the recent selloff as overdone, and says the weakness brings a more attractive risk/reward for Take-Two.

Top 5 Downgrades:

HSBC downgraded **Estee Lauder** (EL) to Hold from Buy with a price target of $106, up from $105. The firm says Estee's "modest" organic sales upgrade in quarter "underwhelmed" investors relative to expectations heading into the print.

Citi downgraded **Under Armour** (UAA) to Sell from Neutral with an unchanged price target of $6.20. The firm says the company's turnaround in North America is facing "several pressures" in fiscal 2026.

Raymond James downgraded **Wingstop **(WING) to Outperform from Strong Buy with an unchanged price target of $325. The shares were also downgraded this morning at TD Cowen. Raymond James has a cautious view of Wingstop's near-term sales trends.

Truist downgraded **Texas Roadhouse** (TXRH) to Hold from Buy with a price target of $188, down from $206. The firm believes beef price inflation will persist at least through 2027, which will limit Texas Roadhouse's multiple expansion and pressure margin and earnings estimates.

Loop Capital downgraded **Monday.com** (MNDY) to Hold from Buy with a price target of $80, down from $195. The company reported a "fine, but not great" quarter amid moderating upmarket momentum and slower than anticipated adoption of newer products, the firm tells investors in a research note. Baird also downgraded Monday.com to Neutral from Outperform with a price target of $90, down from $175.  
  

 






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**Top 5 Initiations: **

Morgan Stanley resumed coverage of **Qualcomm **(QCOM) with an Underweight rating and $132 price target. The company's earnings power is "already optimized" and the memory shortage is likely to create a "tough" Android environment in the second half of 2026, the firm tells investors in a research note.

Barclays reinstated coverage of **Becton Dickinson **(BDX) with an Overweight rating and $202 price target after the company sold its LifeSciences Bioprocessing segment for Waters.

Keefe Bruyette initiated coverage of **Dave **(DAVE) with an Outperform rating and $250 price target. The firm believes the company's core cash advance product, ExtraCash, has the ability to support 20% revenue growth over the medium term.

Roth Capital initiated coverage of **Orion Group** (ORN) with a Buy rating and $17 price target. The firm believes the company's Marine segment will benefit from long-term, multi-billion-dollar spending initiatives associated with U.S. Navy defense programs and port infrastructure refurbishment.

Stephens initiated coverage of **Somnigroup **(SGI) with an Equal Weight rating and $89 price target. The firm says Somnigroup is the largest bedding company in the world.

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