ServiceNow, CoStar, The Trade Desk, and Amplitude rise on analyst upgrades; Freshpet falls on competition

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Summary · why it matters

Several stocks made notable moves on Wednesday. ServiceNow rose 6.8% after Guggenheim upgraded the stock to Buy with a $125 price target. CoStar gained 5.4% following its announcement of an investment to acquire a 30% stake in Italian real estate marketplace Wikicasa. Freshpet fell 5.6% after Bank of America lowered its price target and competitor Hill's Pet Food entered the fresh dog food market. The Trade Desk climbed 5.7% as Guggenheim upgraded both Salesforce and ServiceNow to Buy, citing overly low valuations after AI-driven sector selloffs. Amplitude surged 17.6% after Raymond James initiated coverage with a Strong Buy rating and a $10 price target.

Impact on assets 5

Artificial Intelligence▲ · 2 stocks
Amplitude Inc
AMPL
▲ PositiveCapitalrelevance

Raymond James initiated coverage with Strong Buy and $10 price target

ServiceNow Inc
NOW
▲ PositiveCapitalrelevance

Guggenheim upgraded to Buy with $125 price target

Real Estate▲ · 1 stocks
Consumer Staples▼ · 1 stocks
Freshpet Inc
FRPT
▼ NegativeCompetitionrelevance

Hill's Pet Food entered fresh dog food market and BofA lowered price target

Communication Services▲ · 1 stocks