Analysts Are Cutting Price Targets Of These 10 Stocks

Published March 18, 2022 at 9:17 am EDT Updated September 7, 2026 at 11:29 am EDT

In this article, we discuss 10 stocks that analysts are cutting price targets of.

On March 17, Vincent Reinhart, chief economist and macro strategist at Mellon, joined CNBC’s ‘Squawk Box’ to discuss the Federal Reserve’s decision to hike interest rates. According to Reinhart, the current market shows that major indicators of recession are flaring up, such as the big run-up in energy prices, a flattening yield curve, the Fed moving ahead with policy changes, and the economy at full employment – which usually suggests that a recession is just around the corner. He sees elevated recession risks by 30% to 40% heading into 2023.

“I’m more pessimistic and less than fully invested”

Legendary investor and billionaire Leon Cooperman, the chief of Omega Advisors, discussed markets on March 16, stating that he is less than fully invested, and the Ukraine situation has made him more pessimistic about the market. Cooperman recalled that when he was optimistic about investing, he was long-term bearish since he believed that the economy was following entirely inappropriate fiscal monetary policies, with the labor and commodity inflation being off the charts. He also spoke about the national debt, which rose from $20 trillion in 2017 to $30 trillion in 2021, a debt growth rate far beyond the economic growth of the United States, which again contributes to his pessimistic views.

Amid the market uncertainty, it is important that investors look towards investment advisory firms and pay attention to their stock ratings and price target movements when managing their portfolio composition. Some of the stocks that analysts are cutting price targets of include Roblox Corporation (NYSE:RBLX), JD.com, Inc. (NASDAQ:JD), and The Walt Disney Company (NYSE:DIS).

Our Methodology

All the stocks listed below have had their price targets lowered by an investment advisory in the last two weeks.

Analysts Are Cutting Price Targets Of These Stocks

10. Pinduoduo Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 34

Pinduoduo Inc. (NASDAQ:PDD) is a Chinese e-commerce platform that delivers a range of products, including apparel, food and beverages, electronic appliances, household goods, personal care items, sports and fitness items, and auto accessories.

On March 14, JPMorgan analyst Andre Chang downgraded Pinduoduo Inc. to Underweight from Overweight with a price target of $23, slashed from $105. Although the analyst believes that Pinduoduo Inc. has potential to grow in the Chinese e-commerce market over the years, his analysis of multiple brands in the industry suggests that progress may be limited in the near-term and more sell-off in the Chinese tech sector without valuation support seems to be on the horizon.

Among the hedge funds tracked by Insider Monkey at the end of December 2021, 34 funds reported owning stakes worth $2.65 billion in Pinduoduo Inc., compared to 49 funds in the preceding quarter, holding stakes valued at $3.5 billion in Pinduoduo Inc.. Chase Coleman’s Tiger Global Management is the leading shareholder of the company, with 15.7 million shares worth $920.2 million.

In addition to Roblox Corporation, JD.com, Inc., and The Walt Disney Company, Pinduoduo Inc.’s price target was recently cut by analysts.

9. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 39

SentinelOne, Inc. (NYSE:S) is a California-based cybersecurity company using artificial intelligence to prevent and detect threats across an organization’s endpoints and cloud networks.

On March 16, SentinelOne, Inc. stock gained 15% after owing to its strong Q4 results and positive FY 2022 guidance. Revenue for the fourth quarter doubled on a year-over-year basis, reaching $65.6 million, driven by a solid mix of new customers, subscription renewals, and upsells. SentinelOne, Inc. projects FY23 revenue to fall between $366 million-370 million, compared to the Street consensus of $347.77 million, suggesting year-on-year growth of 80% at the midpoint.

DA Davidson analyst Rudy Kessinger kept a Buy rating on SentinelOne, Inc. on March 18, but cut the price target on the shares to $42 from $57, citing lower peer multiples. Although the Q4 results were strong, the company’s operating profit guidance for FY 2023 was well below expectations given its plans for intense growth investments.

According to the fourth quarter database of Insider Monkey, 39 hedge funds were long SentinelOne, Inc., up from 35 funds in the prior quarter. Dan Loeb’s Third Point is the largest shareholder of SentinelOne, Inc., with 26.7 million shares worth $1.3 billion.

Here is what Third Point Management has to say about SentinelOne, Inc. in its Q3 2021 investor letter:

“Our top winners on a percentage basis in Q3 were our two largest positions; (which includes) SentinelOne, up 26%, as public market investors rewarded both companies’ disruptive business models and high-growth trajectories. We expect SentinelOne, Inc. to grow rapidly and continue to gain market share over the next decade as flexible work patterns, cloud adoption, and IoT create more security vulnerabilities. This market is still dominated by legacy vendors whose solutions pale when compared to SentinelOne, Inc.’s autonomous, machine-learning based security, which is taking share and helping the company grow annual recurring revenue by more than 100% year-over-year.”

8. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 49

DocuSign, Inc. (NASDAQ:DOCU) is a California-based company offering cloud software that allows users to create and manage digital contracts, in addition to providing e-signature solutions. DocuSign, Inc. reached its peak during the pandemic, when remote work and education were on the rise.

On March 10, DocuSign, Inc. reported earnings for the fourth quarter of 2021. The company posted a GAAP loss per share of $0.15, missing estimates by $0.07. Revenue over the period jumped 35% year-over-year to approximately $581 million, topping market predictions by $19.23 million.

JMP Securities analyst Patrick Walravens on March 11 lowered the price target on DocuSign, Inc. to $180 from $307 but kept an Outperform rating on the shares. The analyst noted that DocuSign, Inc.’s revenue growth in Q4 2021 came in at 35%, down from 42% in the previous quarter, and the billings growth of 25% came down from 28%. He does remain positive on the stock despite its 38% decline year-to-date, since DocuSign, Inc. is the “clear leader” in e-signature and it has an unpenetrated market opportunity of $50 billion.

A total of 49 hedge funds were long DocuSign, Inc. in Q4 2021, down from 51 funds in the prior quarter. The total stakes held in Q4 amounted to $2.85 billion. Fisher Asset Management is the biggest shareholder of the company, with more than 3 million shares worth close to $465 million.

Here is what Longleaf Partners Fund has to say about DocuSign, Inc. in its Q4 2021 investor letter:

“When we step back and look at the stocks that we do not own, we feel better than ever because finally too much ardor for these market favorites is making many of them fall harder. This began happening this year in the small cap world, as first the SPAC market cooled off, then the IPO (initial public offering) market began cooling as well. We have now seen things changing for larger cap favorites like DocuSign, Inc. falling over 40% in a day after a quarter that wasn’t all that bad, because it must be truly GREAT when you are trading near 20x revenues. This has led to a narrowing of market leadership yet again, with five large tech stocks essentially driving the S&P 500.”

7. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 57

Oracle Corporation (NYSE:ORCL) is a Texas-based company that provides enterprise information technology and cloud software services to businesses worldwide. On March 10, Oracle Corporation declared a quarterly dividend of $0.32 per share, payable on April 21, to shareholders of record on April 8.

Oracle Corporation published its Q4 results on March 10, posting an EPS of $1.13, below consensus estimates by $0.05. The $10.51 billion revenue surpassed estimates by $3.01 million.

Stifel analyst Brad Reback lowered the price target on Oracle Corporation to $83 from $87 and kept a Hold rating on the shares on March 11, after the company delivered “mixed” results for the December quarter. The revenue for Oracle Corporation seems to be stable, but there is no strength in its new database business, which will make it harder to increase sales consistently above a mid-single digit rate, the analyst told investors in a research note.

According to Insider Monkey’s Q4 data, 57 hedge funds were long Oracle Corporation, up from 56 funds in the earlier quarter. First Eagle Investment Management owns the biggest stake in Oracle Corporation, with 25.7 million shares worth $2.24 billion.

Here is what ClearBridge Large Cap Value Strategy has to say about Oracle Corporation in its Q3 2021 investor letter:

“While the information technology (IT) sector in the benchmark stalled amid rising rates, our holdings outperformed in relative terms, helped in part by a strong quarter from Oracle, the dominant provider of on-premise database software for large enterprises globally and an increasingly viable cloud competitor. Solid quarterly results, raised guidance, healthy underlying metrics and an attractive valuation contributed to strong performance during the period.”

6. HubSpot, Inc. (NYSE:HUBS)

Number of Hedge Fund Holders: 58

HubSpot, Inc. (NYSE:HUBS) is a Massachusetts-based company that delivers a cloud-based customer relationship management platform, serving mid-market B2B companies.

The company posted its Q4 earnings on February 10, announcing a GAAP loss per share of $0.35, exceeding estimates by $0.01. The $369.31 million revenue was up 46.51% year-over-year, outperforming market consensus by $11.79 million.

On March 15, Wells Fargo analyst Michael Turrin slashed the price target on HubSpot, Inc. to $675 from $725 owing to multiple contractions in the broader software sector, but he kept an Overweight rating on the shares.

Among the hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 58 funds reported owning stakes worth $2.47 billion in HubSpot, Inc., up from 48 funds in the previous quarter, holding stakes in HubSpot, Inc. valued at $2.8 billion. Royce & Associates is a prominent shareholder of HubSpot, Inc., with 335,772 shares worth $28.2 million.

HubSpot, Inc. was on the radar of analysts in the last week, just like Roblox Corporation, JD.com, Inc., and The Walt Disney Company.

Here is what ClearBridge SMID Cap Growth Strategy has to say about HubSpot, Inc. in its Q3 2021 investor letter:

“Performance among our cohort of IT and Internet companies was mixed, with enterprise software makers thriving while more consumer-oriented stocks faced headwinds. HubSpot, Inc. saw greater utilization of its marketing software by small and medium size businesses. We are attracted to the recurring revenue nature of these software companies that are increasingly delivering their products on a subscription basis through the cloud. Software business models also tend to avoid many of the inflationary issues facing companies with a physical product or service.”

5. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 59

Headquartered in San Mateo, California, Coupa Software Incorporated (NASDAQ:COUP) operates a cloud-based business spend management platform. Elite hedge funds hold large stakes in Coupa Software Incorporated. In Q4 2021, 59 hedge funds were bullish on the stock, up from 52 funds in the last quarter.

On March 14, shares of Coupa Software Incorporated tanked 28.5% post-market in lieu of the company’s 2023 guidance, which missed Wall Street consensus majorly, although Coupa Software Incorporated reported better-than-expected Q4 results. The company provided an estimate for the 2023 non-GAAP EPS of $0.15-$0.19, way lower than the market consensus of $0.73. Similarly, total revenue in 2023 is expected to range between $836 million to $840 million, compared to a consensus estimate of $878.89 million.

UBS analyst Taylor McGinnis lowered the price target on Coupa Software Incorporated on March 17 to $105 from $130 and kept a Neutral rating on the shares. The analyst observed that Coupa Software Incorporated’s Q4 results and FY23 outlook was below expectations on most key metrics. However, the growth guidance for billions in Q1 2022 was 18% stronger, which is a positive indicator for Coupa Software Incorporated.

Among the hedge funds tracked by Insider Monkey at the end of December 2021, billionaire Andreas Halvorsen’s Viking Global is the leading shareholder of Coupa Software Incorporated, with more than 4 million shares worth $658.75 million.

Here is what ClearBridge Investments has to say about Coupa Software Incorporated in its Q2 2021 investor letter:

“Within IT, we added positions in Coupa Software, a leader in the fast growing Business Spend Management market with opportunity to double its total addressable market by harnessing B2B payments with its Coupa Pay product; and AppLovin, a leading mobile gaming advertising network in a unique position to utilize its ad expertise to grow its own mobile game business at low user acquisition costs.”

4. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 61

Roblox Corporation provides an online entertainment platform, providing 3D gaming and social experiences for users. Elite hedge funds were extremely bullish on Roblox Corporation. At the end of December 2021, 61 hedge funds held stakes in Roblox Corporation, up from 50 funds in the previous quarter.

Roblox Corporation published its Q4 earnings on February 15, posting a loss per share of $0.25, missing market consensus by $0.13. The company’s revenue for the fourth quarter came in at $770.12 million, below Street estimates by $5.88 million.

On March 17, Stifel analyst Drew Crum trimmed the price target on Roblox Corporation to $65 from $90 and kept a Buy rating on the shares, declaring the company’s February KPIs as “mixed.” However, the analyst told investors that he expects improved bookings in late Q2 through the second half of the year, and the reward/risk is “better to the upside” with the pullback in the shares.

According to the Q4 database of Insider Monkey, Renaissance Technologies is the leading shareholder of Roblox Corporation, owning 5.3 million shares worth $557 million.

Here is what Guardian Fund has to say about Roblox Corporation in its Q2 2021 investor letter:

“The wonder-tale stories of children’s books show us that there are infinite possibilities of stories and worlds. The metaverse, the idea that describes the shared 3D spaces in a virtual universe, is enabling people to create fiction. Over the past six months, we initiated a new investment in Roblox. The firm was founded in 1989 by David Baszucki and Erik Kassel when they programmed a physics lab where students could study how cars would crash.

Today, Roblox has become a leading platform with a mission to build a human co-experience that enables billions of users to play, learn, and build friendships in the metaverse. Recent advances in cloud computing, computing devices, and machine learning, enable the materialization of the metaverse. Take what we have in virtual reality today and fast-forward a few decades. Humans will be able to experience unimaginable things and in a couple of millennia virtual economies are likely to become bigger than the physical trade on planet Earth.

Over the first quarter of 2021, Roblox reported 140% revenue growth, 42.1 million daily active users, and 9.7 billion engaged hours. The opportunity for this platform is massive.”

3. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 67

JD.com, Inc. is a Chinese e-commerce retailer that provides online marketplace services for third-party merchants and omni-channel solutions to customers and offline retailers.

In the fourth quarter of 2021, 67 funds reported owning stakes in JD.com, Inc., up from 66 funds in the earlier quarter. The total stakes held in JD.com, Inc. during Q4 2021 were $8.75 billion. Tiger Global Management owned the biggest position in the company, with 53.7 million shares worth $3.76 billion.

On March 10, JD.com, Inc.’s Q4 results went live, and the company announced a GAAP loss per share of $0.53, missing consensus estimates by $0.63. Revenue over the period jumped 26.33% year on year to $43.64 billion, surpassing analysts’ predictions by $300.75 million.

JPMorgan analyst Andre Chang on March 14 double downgraded JD.com, Inc. to Underweight from Overweight with a price target of $35, down from $100, observing that the sector-wide selloff of Chinese securities might continue without valuation support in the near-term. The analyst named Chinese internet stocks including JD.com, Inc. “uninvestable” over the next six months to one year, citing increasing risk for downward revisions owing to the tougher macro environment.

Here is what Argosy Investors has to say about JD.com, Inc. in its Q3 2021 investor letter:

“We sold JD as a result of the furor over Chinese stocks during the quarter. We had been concerned about China’s lack of respect for investor rights for some time, and Beijing has become significantly more aggressive in asserting itself of late. In addition, the legal structure Chinese companies use to come public in the U.S., a Cayman Islands shell corporation leaves American investors with an unsure path to recovering value should these companies cease to trade on U.S. exchanges. Because of the uncertainty, we exited our position in JD completely. We still love JD’s long-term prospects, but we cannot estimate the legal/regulatory risk associated with these companies anymore. More broadly, we are freeing up cash for some other positions we already own which have declined in this market, and after additional review, remain attractive.”

2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 94

Adobe Inc. (NASDAQ:ADBE) is a California-based software company that promotes content creation via cloud-based document services and creative products. In Q4 2021, 94 hedge funds were bullish on Adobe Inc., compared to 95 funds in the prior quarter. The total stakes held by elite funds in Q4 exceeded $10 billion.

On March 18, Jefferies analyst Brent Thill reduced the price target on Adobe Inc. to $550 from $680 and kept a Buy rating on the shares ahead of the fiscal Q1 results. According to the analyst, Adobe Inc. currently faces several near-term headwinds, such as slowing GDP, the strong U.S. currency, the Ukraine-Russia war, and competitors such as Canva. However, he thinks that most of these headwinds have been absorbed by the shares, as is evident from the 22% decline year-to-date.

According to the Q4 database of Insider Monkey, Fisher Asset Management is the biggest shareholder of the company, with 6.7 million shares worth $3.8 billion.

Here is what Richie Capital Group has to say about Adobe Inc. in its Q2 2021 investor letter:

“Adobe Systems (ADBE – up 24.8%) – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 111

The Walt Disney Company is an American multinational entertainment corporation that specializes in the distribution and production of television content, gaming studios, broadcasting media, streaming platforms, and recreational experiences. Amid the Ukraine crisis, The Walt Disney Company suspended its services across Russia.

On March 17, Truist analyst Matthew Thornton lowered the price target on The Walt Disney Company to $160 from $200 and kept a Buy rating on the shares. The analyst noted that consensus subscribers for Q1 2022 are very reasonable, although the last week of March must be observed carefully for any last minute developments. He believes that new market launches over the next several quarters will offer continued recovery in Parks and Box Office.

Among the hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 111 funds were bullish on The Walt Disney Company, up from 101 funds in the earlier quarter. Philippe Laffont’s Coatue Management is a leading shareholder of the company, with 5.7 million shares worth approximately $898 million.

Here is what Artisan Value Fund has to say about The Walt Disney Company in its Q4 2021 investor letter:

“Disney is a global leader in media, has one of the best brands in the world with timeless intellectual property (IP) and a unique business model that allows it to monetize its IP through movies, TV, theme parks, toys and licensing. The company’s scale in IP, stable of powerful brands, including Disney, Pixar, Marvel and Star Wars, and global reach is unmatched, creating an enduring franchise. Disney also has a unique culture which is extremely customer centric and appealing to employees. The company is an engaging workplace too, making Disney an attractive home for top talent. The stock has recently been out of favor as COVID has negatively impacted multiple business lines: theme parks, movies, sporting events and media production. Also, growth in its Disney+ direct-to-consumer business has slowed amid a lull in new content and natural maturation after strong early subscriber growth. Disney doesn’t look cheap today due to COVID’s effect on current earnings; however, we believe a recovery in its theme parks business and an ability to monetize its IP vault sets it up to sustain earnings growth over the long run. Disney has also proven the business is financed well despite the toughest financial conditions in the company’s 100-year history. Even with the ill-timed purchase of 21st Century Fox in 2019 creating elevated leverage, the company remains well capitalized, and interest coverage is still strong.”

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