Analyst firms

Daiwa upgrades, downgrades and price targets

Daiwa has published 252 rating actions on 136 companies in the Quantisnow ratings feed since June 2021: 93 upgrades, 87 downgrades and 69 initiations. Its most recent action on FTNT was on Nov 4, 2026: Daiwa upgrades to Outperform from Neutral, price target $150. Going by its latest rating on each stock, Daiwa rates 73% of the companies it covers Buy or an equivalent and 1% Sell or an equivalent. Technology is the sector it rates most often.

Rating actions

252

Stocks rated

136

Upgrades

93

Downgrades

87

Latest Daiwa rating actions

• Nov 4, 2026FTNT
  UpgradeFTNTDaiwa upgrades to Outperform from Neutral, price target $150

  Daiwa on FTNT
• Oct 2, 2026HPE
  UpgradeHPEDaiwa upgrades to Outperform from Neutral, price target $75
• Sep 3, 2026HCM
  UpgradeHCMDaiwa upgrades to Buy from Hold
• Aug 26, 2026ACMR
  InitiateACMRDaiwa starts coverage at Buy, price target $136
• Aug 12, 2026MRK
  UpgradeMRKDaiwa upgrades to Outperform from Neutral, price target $143

  Daiwa on MRK
• Jun 30, 2026HON
  UpgradeHONDaiwa upgrades to Outperform from Neutral, price target $255
• Jun 23, 2026JD
  DowngradeJDDaiwa downgrades to Hold from Buy, price target $27
• Jun 23, 2026PDD
  DowngradePDDDaiwa downgrades to Hold from Buy, price target $80
• May 14, 2026ILMN
  UpgradeILMNDaiwa upgrades to Outperform from Neutral, price target $155

  Daiwa on ILMN
• May 13, 2026AMD
  DowngradeAMDDaiwa downgrades to Outperform from Buy, price target $500

  Daiwa on AMD
• May 8, 2026MELI
  DowngradeMELIDaiwa downgrades to Hold from Buy, price target $1,800
• May 8, 2026QCOM
  UpgradeQCOMDaiwa upgrades to Outperform from Neutral, price target $225

  Daiwa on QCOM
• Apr 22, 2026ABT
  DowngradeABTDaiwa downgrades to Neutral from Outperform, price target $92
• Mar 31, 2026GE
  InitiateGEDaiwa starts coverage at Neutral, price target $301
• Mar 26, 2026SPOT
  InitiateSPOTDaiwa starts coverage at Outperform, price target $535
• Mar 24, 2026JKS
  UpgradeJKSDaiwa upgrades to Buy from Sell, price target $28.50

  Daiwa on JKS
• Mar 18, 2026TME
  DowngradeTMEDaiwa downgrades to Hold from Buy, price target $12

  Daiwa on TME
• Mar 13, 2026YMM
  DowngradeYMMDaiwa downgrades to Neutral from Buy, price target $9
• Feb 19, 2026VZ
  UpgradeVZDaiwa upgrades to Buy from Outperform, price target $58

  Daiwa on VZ
• Feb 19, 2026TMUS
  UpgradeTMUSDaiwa upgrades to Outperform from Neutral, price target $240
• Feb 12, 2026PFE
  DowngradePFEDaiwa downgrades to Neutral from Outperform, price target $27

  Daiwa on PFE
• Feb 11, 2026QCOM
  DowngradeQCOMDaiwa downgrades to Neutral from Outperform, price target $140

  Daiwa on QCOM
• Feb 10, 2026PLTR
  UpgradePLTRDaiwa upgrades to Buy from Neutral, price target $180
• Feb 3, 2026V
  UpgradeVDaiwa upgrades to Outperform from Neutral, price target $370

  Daiwa on V
• Feb 3, 2026MA
  UpgradeMADaiwa upgrades to Outperform from Neutral, price target $610

  Daiwa on MA
• Jan 27, 2026DDOG
  InitiateDDOGDaiwa starts coverage at Buy, price target $190
• Jan 13, 2026PYPL
  DowngradePYPLDaiwa downgrades to Neutral from Outperform, price target $61

  Daiwa on PYPL
• Jan 13, 2026MCO
  UpgradeMCODaiwa upgrades to Outperform from Neutral, price target $590
• Dec 16, 2025LLY
  UpgradeLLYDaiwa upgrades to Buy from Neutral, price target $1,230

  Daiwa on LLY
• Dec 2, 2025BE
  InitiateBEDaiwa starts coverage at Neutral
• Dec 2, 2025CSIQ
  UpgradeCSIQDaiwa upgrades to Outperform from Neutral, price target $30
• Nov 18, 2025XPEV
  UpgradeXPEVDaiwa upgrades to Buy from Neutral, price target $29

  Daiwa on XPEV
• Nov 12, 2025FTNT
  DowngradeFTNTDaiwa downgrades to Neutral from Outperform, price target $86

  Daiwa on FTNT
• Oct 22, 2025DLR
  InitiateDLRDaiwa starts coverage at Buy, price target $210
• Oct 20, 2025JNJ
  UpgradeJNJDaiwa upgrades to Outperform from Neutral, price target $203

  Daiwa on JNJ
• Oct 14, 2025BIDU
  UpgradeBIDUDaiwa upgrades to Buy from Outperform
• Sep 23, 2025MP
  InitiateMPDaiwa starts coverage at Outperform, price target $80
• Sep 17, 2025VST
  UpgradeVSTDaiwa upgrades to Buy from Neutral, price target $250
• Sep 11, 2025ETN
  InitiateETNDaiwa starts coverage at Outperform, price target $390
• Sep 3, 2025LI
  UpgradeLIDaiwa upgrades to Buy from Outperform, price target $30.50

Stocks Daiwa rates most

Questions about Daiwa ratings

How many stocks does Daiwa cover?

Daiwa has rated 136 companies in the Quantisnow feed since June 2021, across 252 rating actions.

What was Daiwa's latest upgrade?

On Nov 4, 2026, Daiwa upgrades to Outperform from Neutral, price target $150 on FTNT.

What was Daiwa's latest downgrade?

On Jun 23, 2026, Daiwa downgrades to Hold from Buy, price target $27 on JD.

Does Daiwa upgrade or downgrade more often?

Daiwa has made 93 upgrades and 87 downgrades in the feed, so 52% of its rating changes were upgrades.

Other analyst firms

• Morgan Stanley5,639
• BofA Securities4,126
• Barclays3,644
• Wells Fargo3,642
• Citigroup3,487
• Raymond James3,397
• Jefferies3,133
• Goldman Sachs3,094
• UBS2,887
• Piper Sandler2,689
• TD Cowen2,567
• RBC Capital Markets2,404
• Deutsche Bank2,227
• KeyBanc Capital Markets1,962
• Wolfe Research1,899
• BMO Capital Markets1,784
• Truist Securities1,684
• Stifel1,649
• Needham1,591
• Oppenheimer1,570
• Mizuho1,561
• Evercore ISI1,405
• Robert W. Baird1,397
• H.C. Wainwright1,228

All analyst firms

From rating actions in the Quantisnow feed since June 2021. Includes ratings published as Daiwa Securities, Daiwa Capital. Counts refresh every six hours. See also today's analyst upgrades and the live ratings feed.