Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.
Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.
Here are the latest analyst rating updates for Robinhood Markets, Nio, Tesla and Etsy:
Goldman Sachs analyst Will Nance upgraded Robinhood Markets Inc (NASDAQ:HOOD) from Sell to Neutral and lowered the price target from $11.5 to $9.5.
Robinhood Markets traded higher Monday by 14.00% to $9.12.
See Also: Robinhood Shares Pop On Takeover Talk, FTX CEO Has This To Say On M&A Chatter
Mizuho analyst Vijay Rakesh maintained Nio Inc - ADR (NYSE:NIO) with a Buy and lowered the price target from $55 to $48.
Nio traded lower Monday by 4.69% to $22.95.
Mizuho analyst Vijay Rakesh maintained Tesla Inc (NASDAQ:TSLA) with a Buy and lowered the price target from $1300 to $1150.
Tesla traded lower Monday by 0.32% to $734.76.
Needham analyst Anna Andreeva downgraded Etsy Inc (NASDAQ:ETSY) from Buy to Hold.
Etsy traded lower Monday by 3.55% to $80.65.
See Also: Etsy Shares Drop As Needham Downgrades Stock Citing Near-Term Risks
