Analyst firms

Needham upgrades, downgrades and price targets

Needham has published 1,591 rating actions on 704 companies in the Quantisnow ratings feed since June 2021: 127 upgrades, 142 downgrades and 378 initiations. Its most recent action on FRVO was on Nov 6, 2026: Needham starts coverage at Buy, price target $17. Going by its latest rating on each stock, Needham rates 82% of the companies it covers Buy or an equivalent and 0% Sell or an equivalent. Technology is the sector it rates most often.

Rating actions

1,591

Stocks rated

704

Upgrades

127

Downgrades

142

Latest Needham rating actions

• Nov 6, 2026FRVO
  InitiateFRVONeedham starts coverage at Buy, price target $17
• Oct 30, 2026KZIA
  InitiateKZIANeedham starts coverage at Buy, price target $27
• Oct 28, 2026CLOV
  InitiateCLOVNeedham starts coverage at Buy, price target $6
• Oct 28, 2026ALHC
  InitiateALHCNeedham starts coverage at Hold
• Oct 27, 2026ARTV
  DowngradeARTVNeedham downgrades to Hold from Buy
• Oct 26, 2026XE
  InitiateXENeedham starts coverage at Hold
• Oct 23, 2026BHE
  ResumeBHENeedham resumes coverage at Buy, price target $85
• Oct 23, 2026DIOD
  InitiateDIODNeedham starts coverage at Buy, price target $110
• Oct 21, 2026NFLX
  DowngradeNFLXNeedham downgrades to Hold from Buy

  Needham on NFLX
• Oct 16, 2026URBN
  InitiateURBNNeedham starts coverage at Buy, price target $100
• Oct 16, 2026KTB
  InitiateKTBNeedham starts coverage at Hold
• Oct 16, 2026GAP
  InitiateGAPNeedham starts coverage at Hold
• Oct 16, 2026BOOT
  InitiateBOOTNeedham starts coverage at Buy, price target $150
• Oct 15, 2026CAMP
  InitiateCAMPNeedham starts coverage at Buy, price target $8
• Oct 2, 2026LBRX
  InitiateLBRXNeedham starts coverage at Buy, price target $68
• Oct 1, 2026FRPT
  InitiateFRPTNeedham starts coverage at Hold
• Sep 28, 2026NTNX
  ResumeNTNXNeedham resumes coverage at Buy, price target $85 to $90

  Needham on NTNX
• Sep 25, 2026WLTH
  InitiateWLTHNeedham starts coverage at Buy, price target $13
• Sep 25, 2026PDFS
  InitiatePDFSNeedham starts coverage at Buy, price target $60
• Sep 23, 2026BDC
  InitiateBDCNeedham starts coverage at Buy, price target $140
• Sep 23, 2026ONON
  ReiterateONONNeedham raises its price target to $40 from $37, keeps Buy

  Needham on ONON
• Sep 22, 2026IRMD
  InitiateIRMDNeedham starts coverage at Hold
• Sep 22, 2026GEHC
  InitiateGEHCNeedham starts coverage at Buy, price target $93
• Sep 22, 2026BFLY
  InitiateBFLYNeedham starts coverage at Buy, price target $10
• Sep 21, 2026NNE
  InitiateNNENeedham starts coverage at Buy, price target $33
• Sep 18, 2026DT
  UpgradeDTNeedham upgrades to Buy from Hold, price target $68

  Needham on DT
• Sep 17, 2026P
  ResumePNeedham resumes coverage at Buy, price target $140
• Sep 16, 2026SMWB
  UpgradeSMWBNeedham upgrades to Buy from Hold, price target $11

  Needham on SMWB
• Sep 16, 2026RCKT
  UpgradeRCKTNeedham upgrades to Buy from Hold, price target $9
• Sep 14, 2026IFRX
  InitiateIFRXNeedham starts coverage at Buy, price target $8
• Sep 14, 2026GSIT
  InitiateGSITNeedham starts coverage at Buy, price target $9
• Sep 9, 2026KDK
  InitiateKDKNeedham starts coverage at Buy, price target $8
• Sep 1, 2026RDVT
  InitiateRDVTNeedham starts coverage at Buy, price target $90
• Aug 31, 2026BW
  InitiateBWNeedham starts coverage at Buy, price target $20
• Aug 31, 2026AIRJ
  InitiateAIRJNeedham starts coverage at Hold
• Aug 28, 2026RNG
  ReiterateRNGNeedham raises its price target to $85 from $55, keeps Buy

  Needham on RNG
• Aug 27, 2026CRWD
  ReiterateCRWDNeedham raises its price target to $250 from $235, keeps Buy

  Needham on CRWD
• Aug 27, 2026MDT
  ReiterateMDTNeedham raises its price target to $114 from $101, keeps Buy

  Needham on MDT
• Aug 26, 2026EVMN
  InitiateEVMNNeedham starts coverage at Buy, price target $28
• Aug 17, 2026PLSE
  InitiatePLSENeedham starts coverage at Buy, price target $58

Stocks Needham rates most

Every stock with three or more Needham ratings (222)

• SRPT
• CNMD
• VEEV
• SYNA
• MEG
• ALC
• BYON
• GFS
• KLAC
• CHPT
• QLYS
• FN
• W
• ONTO
• RIVN
• LIVN
• WDAY
• EVER
• SKYT
• VICR
• PTON
• SRDX
• AXNX
• NEO
• NEWR
• AXON
• SILC
• COO
• PHR
• FVRR
• RBLX
• GMED
• KALV
• TTMI
• TMDX
• PEN
• RDDT
• SNPS
• CIEN
• CRDO
• PSTG
• AAPL
• HOLX
• BAND
• KRNT
• SRAD
• XRAY
• SSTK
• CRNC
• FORM
• AEIS
• DUOL
• SMTC
• KLIC
• CHWY
• VSAT
• TTD
• FROG
• ACCD
• SLAB
• CYRX
• ACAD
• UBER
• NOW
• WNS
• EFX
• TWLO
• PAYC
• SGH
• SAGE
• SQ
• COMP
• ACLS
• PSNL
• RPD
• AI
• AERI
• TDOC
• ZBH
• GDYN
• SPT
• DASH
• IS
• DDOG
• FICO
• ONON
• SMWB
• AXTI
• BNED
• NIQ
• ETOR
• IPGP
• PATH
• SOFI
• TFX
• LITE
• HAE
• DAVA
• KMX
• TRU
• UPLD
• GOOGL
• STZ
• INGN
• MGNI
• MRAM
• COHR
• BTDR
• BSX
• ZIMV
• TRVI
• FNA
• COHU
• ACMR
• GTLB
• DAWN
• PAYO
• RMD
• RXST
• GLOB
• CDLX
• CGNX
• RVMD
• OLED
• PERI
• RSI
• CLBT
• ADTH
• DSP
• AVDL
• TWOU
• PXLW
• MASI
• FRSH
• TDY
• ATEC
• HCP
• INTC
• VRCA
• FSR
• CHGG
• NUVA
• OSTK
• CALX
• SIMO
• VLTA
• RYTM
• ONTF
• CGNT
• OCX
• SPLK
• OTMO
• VLDR
• LAW
• ITCI
• PRFT
• MSP
• FIVN
• MNDY
• CSGP
• MNTV
• AYX
• ATRC
• MPWR
• UPWK
• ON
• PLXS
• CSSE
• EXTR
• EPAY
• BRKS
• BILL

Questions about Needham ratings

How many stocks does Needham cover?

Needham has rated 704 companies in the Quantisnow feed since June 2021, across 1,591 rating actions.

What was Needham's latest upgrade?

On Sep 18, 2026, Needham upgrades to Buy from Hold, price target $68 on DT.

What was Needham's latest downgrade?

On Oct 27, 2026, Needham downgrades to Hold from Buy on ARTV.

Does Needham upgrade or downgrade more often?

Needham has made 127 upgrades and 142 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
• Oppenheimer1,570
• Mizuho1,561
• Evercore ISI1,405
• Robert W. Baird1,397
• H.C. Wainwright1,228
• BTIG1,179

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.