Analyst firms

Macquarie upgrades, downgrades and price targets

Macquarie has published 308 rating actions on 174 companies in the Quantisnow ratings feed since June 2021: 74 upgrades, 85 downgrades and 111 initiations. Its most recent action on VNET was on Oct 26, 2026: Macquarie starts coverage at Outperform, price target $5.40. Going by its latest rating on each stock, Macquarie rates 64% 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

308

Stocks rated

174

Upgrades

74

Downgrades

85

Latest Macquarie rating actions

• Oct 26, 2026VNET
  InitiateVNETMacquarie starts coverage at Outperform, price target $5.40
• Oct 26, 2026INSE
  UpgradeINSEMacquarie upgrades to Outperform from Neutral, price target $7
• Oct 16, 2026KTOS
  InitiateKTOSMacquarie starts coverage at Outperform, price target $70
• Oct 16, 2026KRMN
  InitiateKRMNMacquarie starts coverage at Outperform, price target $65
• Oct 16, 2026LUNR
  InitiateLUNRMacquarie starts coverage at Outperform, price target $25
• Oct 16, 2026FTAI
  InitiateFTAIMacquarie starts coverage at Outperform, price target $305
• Oct 16, 2026CACI
  InitiateCACIMacquarie starts coverage at Outperform, price target $780
• Oct 16, 2026AVAV
  InitiateAVAVMacquarie starts coverage at Outperform, price target $210
• Sep 17, 2026TCOM
  UpgradeTCOMMacquarie upgrades to Outperform from Neutral, price target $53.20

  Macquarie on TCOM
• Sep 3, 2026AVGO
  UpgradeAVGOMacquarie upgrades to Outperform from Neutral, price target $490

  Macquarie on AVGO
• Aug 31, 2026CHA
  UpgradeCHAMacquarie upgrades to Outperform from Neutral, price target $15.70

  Macquarie on CHA
• Aug 28, 2026CHA
  UpgradeCHAMacquarie upgrades to Outperform from Neutral

  Macquarie on CHA
• Aug 25, 2026WDS
  DowngradeWDSMacquarie downgrades to Neutral from Outperform
• Aug 3, 2026RBLX
  DowngradeRBLXMacquarie downgrades to Neutral from Outperform, price target $37
• Jul 30, 2026EDU
  UpgradeEDUMacquarie upgrades to Neutral from Underperform, price target $56.50

  Macquarie on EDU
• Jul 15, 2026UMC
  ResumeUMCMacquarie resumes coverage at Outperform
• Jun 26, 2026TCOM
  DowngradeTCOMMacquarie downgrades to Neutral from Outperform, price target $44.30

  Macquarie on TCOM
• Jun 4, 2026AVGO
  DowngradeAVGOMacquarie downgrades to Neutral from Outperform, price target $437

  Macquarie on AVGO
• May 29, 2026XPEV
  UpgradeXPEVMacquarie upgrades to Outperform from Neutral, price target $19

  Macquarie on XPEV
• May 29, 2026LI
  UpgradeLIMacquarie upgrades to Neutral from Underperform

  Macquarie on LI
• May 28, 2026PDD
  DowngradePDDMacquarie downgrades to Neutral from Outperform, price target $87

  Macquarie on PDD
• May 11, 2026HUBS
  DowngradeHUBSMacquarie downgrades to Neutral from Outperform, price target $190

  Macquarie on HUBS
• May 11, 2026NWSA
  UpgradeNWSAMacquarie upgrades to Outperform from Neutral, price target $29.40

  Macquarie on NWSA
• Apr 14, 2026JD
  UpgradeJDMacquarie upgrades to Outperform from Neutral

  Macquarie on JD
• Apr 13, 2026CRWV
  UpgradeCRWVMacquarie upgrades to Outperform from Neutral, price target $125
• Apr 9, 2026APP
  InitiateAPPMacquarie starts coverage at Outperform, price target $710
• Mar 23, 2026XPEV
  DowngradeXPEVMacquarie downgrades to Neutral from Outperform, price target $19

  Macquarie on XPEV
• Mar 19, 2026OKTA
  InitiateOKTAMacquarie starts coverage at Outperform, price target $100
• Mar 16, 2026PAYP
  InitiatePAYPMacquarie starts coverage at Outperform, price target $22.90
• Mar 5, 2026TME
  DowngradeTMEMacquarie downgrades to Neutral from Outperform, price target $14.10

  Macquarie on TME
• Feb 27, 2026DT
  InitiateDTMacquarie starts coverage at Neutral, price target $36
• Feb 10, 2026WRD
  InitiateWRDMacquarie starts coverage at Outperform, price target $17.50
• Feb 10, 2026HSAI
  InitiateHSAIMacquarie starts coverage at Outperform, price target $31.50
• Feb 9, 2026ZTO
  UpgradeZTOMacquarie upgrades to Outperform from Neutral, price target $26.60

  Macquarie on ZTO
• Jan 30, 2026TAL
  UpgradeTALMacquarie upgrades to Outperform from Neutral, price target $18
• Jan 15, 2026NIO
  UpgradeNIOMacquarie upgrades to Outperform from Neutral, price target $6.10

  Macquarie on NIO
• Dec 15, 2025PONY
  InitiatePONYMacquarie starts coverage at Outperform, price target $29
• Dec 3, 2025GTLB
  DowngradeGTLBMacquarie downgrades to Neutral from Outperform, price target $40
• Nov 25, 2025NIO
  DowngradeNIOMacquarie downgrades to Neutral from Outperform

  Macquarie on NIO
• Nov 25, 2025NOW
  InitiateNOWMacquarie starts coverage at Neutral, price target $860

Stocks Macquarie rates most

Questions about Macquarie ratings

How many stocks does Macquarie cover?

Macquarie has rated 174 companies in the Quantisnow feed since June 2021, across 308 rating actions.

What was Macquarie's latest upgrade?

On Oct 26, 2026, Macquarie upgrades to Outperform from Neutral, price target $7 on INSE.

What was Macquarie's latest downgrade?

On Aug 25, 2026, Macquarie downgrades to Neutral from Outperform on WDS.

Does Macquarie upgrade or downgrade more often?

Macquarie has made 74 upgrades and 85 downgrades in the feed, so 47% 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. Counts refresh every six hours. See also today's analyst upgrades and the live ratings feed.