Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Cable One (CABO) upgraded to Neutral from Underweight at JPMorgan with analyst Philip Cusick citing “solid trends” and the stock’s year-to-date underperformance for the upgrade. 2. Airbnb (ABNB) upgraded to Overweight from Sector Weight at KeyBanc with analyst Justin Patterson believing a “material positive revision cycle is about to take place,” driven by market conditions remaining favorable and Airbnb’s “model durability against digital ad inflation.” 3. Square (SQ) upgraded to Market Perform from Underperform at Raymond James with analyst John Davis saying better-than-feared July Cash App GP growth coupled with the Afterpay acquisition changes the narrative. 4. Workday (WDAY) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying as investors look for software opportunities in the second half of the year, Workday and Anaplan (PLAN) stand out as companies with “low valuations and those that will benefit from enterprise heavy 2H spending trends.” 5. Globant (GLOB) upgraded to Buy from Hold at Jefferies with analyst Surinder Thind saying with the strategic plans for most businesses upended by the pandemic and technology now more central to how businesses compete and operate, spending on IT services is expected to grow at double its pre-pandemic three-year average. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)
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