Analysts are Downgrading These 10 Stocks

Published on September 29, 2022 at 4:49 pm by Fahad Ali Khan in News

In this article, we will take a look at the 10 stocks that were recently downgraded by analysts. If you want to see some other stocks on the list, go directly to Analysts are Downgrading These 5 Stocks.

Leading U.S. indices fell slightly in pre-market trading Thursday, apparently on recession fears and soaring Treasury yields. Mega cap stocks, including Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA) and Meta Platforms, Inc. (NASDAQ:META), were also in the red.

Apple Inc. (NASDAQ:AAPL) shares fell after receiving a downgrade from BofA, while Tesla, Inc. (NASDAQ:TSLA) shares slipped after Piper Sandler trimmed its price target for the electric vehicle giant.

In addition, analysts also lowered their ratings for CSX Corporation (NASDAQ:CSX) and Lockheed Martin Corporation (NYSE:LMT). Check out the complete article to see why analysts are decreasing their ratings for these stocks.

Jordan Tan / Shutterstock.com

10. Lakeland Bancorp, Inc. (NASDAQ:LBAI)

Number of Hedge Fund Holders: 13

DA Davidson lowered its ratings for Lakeland Bancorp, Inc. (NASDAQ:LBAI) from “Buy” to “Neutral” on Wednesday, September 28, following its recent deal with Provident Financial Services (PFS). The research firm also reduced its price target for the New Jersey-based bank holding company from $22 per share to $18 per share.

The downgrade came a day after Provident Financial Services decided to acquire Lakeland Bancorp, Inc. (NASDAQ:LBAI) in an all-stock transaction valued at approx. $1.3 billion. The deal is expected to close by the second half of 2023.

Speaking on the deal, CEO of Lakeland Bancorp, Inc. (NASDAQ:LBAI), Thomas J. Shara, said in a statement:

“The combination of our companies will allow us to achieve substantially more for our clients, associates, communities, and shareholders than we could alone.”

9. Sunlight Financial Holdings Inc. (NYSE:SUNL)

Number of Hedge Fund Holders: 14

Shares of Sunlight Financial Holdings Inc. (NYSE:SUNL) plummeted more than 20 percent in pre-market trading Thursday, September 29, after Roth Capital downgraded the financial services company from “Buy” to “Neutral.”

The research firm also trimmed its price target for Sunlight Financial Holdings Inc. (NYSE:SUNL) from $10 per share to $2.50 per share. The downgrade came after Sunlight Financial renounced its outlook for the full year, citing volatility in interest rates.

Sunlight Financial Holdings Inc. (NYSE:SUNL) added that one of its biggest solar installers is winding down its operations amid cash flow challenges. The company said it expects to incur certain non-recurring costs due to the development.

8. BTRS Holdings Inc. (NASDAQ:BTRS)

Number of Hedge Fund Holders: 15

Needham decreased its ratings for BTRS Holdings Inc. (NASDAQ:BTRS) from “Buy” to “Hold” on Wednesday, September 28, 2022. The research firm was moved by the company’s decision to be acquired by EQT X fund.

EQT X is buying BTRS Holdings Inc. (NASDAQ:BTRS) in a cash deal valued at about $1.7 billion. According to the terms of the agreement, BTRS shareholders will receive cash of $9.50 for every share they own. The offer price represents a hefty premium of 64 percent from the stock’s closing price of $5.77 on Tuesday, September 27.

Meanwhile, several reports suggest that EQT borrowed most money from private lender Sixth Street to fund the acquisition of BTRS Holdings Inc. (NASDAQ:BTRS). The deal is expected to close in the first quarter of 2023.

7. Cognyte Software Ltd. (NASDAQ:CGNT)

Number of Hedge Fund Holders: 16

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) slid nearly five percent in pre-market trading Thursday, September 29, after Stifel downgraded the security software solutions provider from “Buy” to “Hold.”

Stifel analyst Brad Reback pointed towards the company’s lackluster performance in its fiscal second quarter. He also trimmed his price target for Cognyte Software Ltd. (NASDAQ:CGNT) from $8 per share to $6 per share.

Cognyte Software Ltd. (NASDAQ:CGNT) recently posted mixed financial results for its fiscal Q2. The company reported an adjusted loss of 4 cents per share, narrower than analysts’ average estimate for a loss of 17 cents.

On the downside, Cognyte Software Ltd. (NASDAQ:CGNT) posted revenue of $81.3 million, down 30.1 percent on a year-over-year basis and below the expectations of $92.5 million. The company also released its segment-wise sales results. Its software revenue plummeted 43.7 percent versus last year to $27.02 million, while software services revenue decreased 15.7 percent to $45.44 million in the quarter.

Like Cognyte Software Ltd. (NASDAQ:CGNT), analysts also revised their price targets for Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA) and CSX Corporation (NASDAQ:CSX).

6. Avient Corporation (NYSE:AVNT)

Number of Hedge Fund Holders: 17

Oppenheimer lowered its ratings for Avient Corporation (NYSE:AVNT) from “Outperform” to “Perform” on Wednesday, September 28, 2022, citing slowing demand and higher debt load. Moreover, the research firm doesn’t see many transformative catalysts for the polymer services company in the near term.

The downgrade came a day after Avient Corporation (NYSE:AVNT) reduced its full-year adjusted earnings to $2.70 per share, down from its earlier guidance of $3.50 per share. The revised forecast was significantly lower than the consensus of $3.49 per share.

Avient Corporation (NYSE:AVNT) blamed decelerating demand and elevated interest rates for the weak outlook. Moving forward, the company expects global demand to drop further due to the ongoing macro environment.

Click to continue reading and see Analysts are Downgrading These 5 Stocks.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on November 14, 2025 at by Inan Dogan, PhD

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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