Palantir upgraded, Workday downgraded: Wall Street’s top analyst calls

Palantir upgraded, Workday downgraded: Wall Street’s top analyst calls

The Fly

Wed, February 18, 2026 at 11:50 PM GMT+9 3 min read

In this article:

•                                       StockStory Top Pick 
  

  PLTR

  +4.80%

 MOD  

 +3.31%  

 

 

 WDAY  

 -0.35%  

 

 

 NBIS  

 +4.49%  

 

 

 CROX  

 -2.04%  

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: **

Mizuho upgraded **Palantir **(PLTR) to Outperform from Neutral with an unchanged price target of $195. The firm says the company is delivering total revenue growth, acceleration, and margin expansion "at scale that is unlike anything else in software."

Rosenblatt upgraded **Cadence Design** (CDNS) to Buy from Neutral with a price target of $360, up from $335. The firm views the company's Q4 results as solid "across the board."

Baird upgraded **Itron **(ITRI) to Outperform from Neutral with a price target of $128, up from $118. Baird is a buyer of the stock post the Q4 report.

Citizens upgraded **Rush Street Interactive** (RSI) to Outperform from Market Perform with a $24 price target. The firm says the company "continues to prove that it has built one of the most durable business models" in the online gaming space.

TD Cowen upgraded **Medpace **(MEDP) to Hold from Sell with a price target of $419, down from $462. The shares have re-rated from a peak multiple and now reflect fair value, the firm tells investors in a research note.

Top 5 Downgrades:

Citizens downgraded **Workday **(WDAY) to Market Perform from Outperform without a price target after the company announced the return of its founder Aneel Bhusri as CEO and preannounced Q4 results. Bhusri may need time and investments to drive the organic AI innovation that Workday needs to successfully transition from the software-as-a-service to the AI era, the firm tells investors in a research note.

Williams Trading downgraded **Crocs **(CROX) to Sell from Hold with a price target of $84, up from $75. The firm says demand for Crocs and HeyDude "continues to erode" in the U.S.

Citizens downgraded **Similarweb **(SMWB) to Market Perform from Outperform without a price target. The company reported a big revenue miss in Q4 and its guidance is worse than expected on both the top and bottom line, the firm tells investors in a research note.

Truist downgraded **Genuine Parts** (GPC) to Hold from Buy with a price target of $127, down from $162. The company's business separation should be a positive, but its auto business continues to disappoint, the firm tells investors in a research note.

BTIG downgraded **Masimo **(MASI) to Neutral from Buy following the announcement that Danaher (DHR) entered a definitive agreement to acquire the company for $180/share in cash.

**Top 5 Initiations: **

Mizuho resumed coverage of **Medtronic **(MDT) with an Outperform rating and $125 price target. The firm says the company's new product launches can drive growth higher into fiscal 2027.

Compass Point initiated coverage of **Nebius **(NBIS) with a Buy rating and $150 price target. Nebius is a full-stack AI infrastructure company that sells GPU compute and its associated software stack through an AI cloud platform whose Russia operating footprint was sold in a divestment, leaving the company positioned today with a separate, internationally focused perimeter.

UBS initiated coverage of **AeroVironment **(AVAV) with a Neutral rating and $259 price target. UBS says its 2028 margin assumptions are 100 basis points below a "uniformly bullish" consensus.

UBS initiated coverage of **Kratos Defense** (KTOS) with a Neutral rating and $79 price target. The firm says the company's growth is priced in at current share levels.

Roth Capital initiated coverage of **Modine **(MOD) with a Buy rating and $263 price target. The company Modine has created a "unique one-stop shop" for thermal solutions used for data center cooling technologies and refrigeration, the firm tells investors in a research note.

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