This week brought significant changes in analyst ratings, impacting several prominent stocks in social media, technology, healthcare, and fitness sectors.

Wells Fargo Adjusts Rating for Reddit

Wells Fargo downgraded Reddit (NYSE:RDDT) to Equal-weight with a price target set at $115. The bank flagged potential challenges as Google enhances its AI capabilities in search. Expectations now indicate that Reddit’s ad revenue may underperform consensus estimates by 6% in 2026 and 14% in 2027. Management faces a challenging decision between maximizing revenue from data licensing and maintaining a robust community.

Evercore Boosts HPE’s Rating Amid Juniper Networks Acquisitions

Evercore upgraded Hewlett Packard Enterprise (NYSE:HPE) to Outperform. Analysts see potential paths to a fair value of $30, whether through a successful acquisition of Juniper Networks or through cost management strategies if the deal doesn’t go through.

HSBC Downgrades UnitedHealth Group Due to Policy Risks

HSBC cut its rating for UnitedHealth Group (NYSE:UNH) to Reduce while establishing a price target of $270. Analysts are concerned about rising medical-loss-ratio pressures and potential policy changes affecting Optum Rx, which may delay a recovery in Medicare Advantage.

Planet Fitness Upgraded on Member Stability

Stifel upgraded Planet Fitness (NYSE:PLNT) to Buy with a price target set at $120. They noted that new member acquisitions have stabilized, and an anticipated price increase for the Black Card membership could boost same-store sales by 3-4%. The company also aims to support growth through improved marketing strategies and premium services.

These ratings shifts are essential for understanding the underlying catalysts affecting stock prices and market sentiment.