Analysts issued several high-profile rating cuts today, targeting major tech, media and industrial names after earnings updates and valuation resets. Here are the top five downgrades investors are tracking:
Erste Group downgraded Netflix (NFLX) to Hold from Buy, citing elevated valuation levels that cap near-term upside potential despite the company’s long-term growth momentum.
Benchmark downgraded Roblox (RBLX) to Hold from Buy and withdrew its price target following Q3 results. The firm acknowledged strong execution and “impressive” quarterly metrics but flagged guidance pointing to slower bookings growth and rising costs that could weigh on margins through FY2026.
Seaport Research downgraded Comcast (CMCSA) to Neutral from Buy after the earnings print, pointing to “incrementally negative” commentary on broadband ARPU and rising costs needed to drive subscriber growth across broadband and wireless. Goldman Sachs and KeyBanc also shifted Comcast to Neutral-equivalent ratings.
Barclays downgraded FMC (FMC) to Equal Weight from Overweight and slashed its price target to $22 from $48. Barclays pointed to soft quarterly results, limited earnings visibility, and an unexpected dividend cut as reasons for caution. KeyBanc and Wells Fargo likewise downgraded FMC.
Raymond James downgraded Lumentum (LITE) to Outperform from Strong Buy despite raising its price target to $220 from $145. The firm said it remains positive on long-term fundamentals but expects near-term financial performance to align closer to consensus estimates.
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