DA Davidson’s double upgrade from a mid-tier firm is a high-conviction signal ahead of earnings, supported by rising EPS revisions and major institutional accumulation. Traders should position for a potential short squeeze on a beat, especially given the disconnect between aggressive PT ($375) and lukewarm consensus ($292 mean).
Price Chart
Executive Summary
DA Davidson executed a rare double upgrade from Neutral to Buy on April 24, 2026, raising its price target from $220 to $375, the highest among 46 analysts. The stock trades at $305.33, implying 22.7% upside to the new target. Consensus remains mixed with 65.2% Buy-equivalent ratings, but the mean target of $292.39 is 4.3% below current price. DA Davidson has a 53% accuracy rate (845/1587 calls), below top-tier firms like Bernstein (100%, 2/2) and Raymond James (100%, 2/2). EPS estimates are rising: +1y forecasts revised up 10 times in 30 days, no downward revisions. Insider selling totals $13.5M in April, but institutional inflows include FMR LLC (+63.3%) and Norges Bank (new $4.9B position). Earnings due May 4.
Impact Score
Consensus & Targets
Of 46 analysts, 15 rate Strong Buy, 30 Buy, 13 Hold, 1 Sell, and 0 Strong Sell — 65.2% Buy or better. Consensus direction is mildly bullish but fragmented, with no Strong Sell ratings despite the lowest target at $220. The consensus has shifted slightly positive over the past month, though most recent actions were maintains or reiterates.
The mean price target is $292.39, median $300, high $365, low $220. At $305.33, current price is 4.4% above the mean and 1.8% above the median. DA Davidson’s $375 target is $10 above the next-highest ($365) and implies 22.7% upside. It is the most aggressive call in the group, 28.1% above the mean target.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-24 | DA Davidson | upgrade | Buy | — |
| 2026-04-20 | Stifel | maintain | Buy | $320.00 |
| 2026-04-16 | Bernstein | maintain | Market Perform | $265.00 |
| 2026-04-06 | Citigroup | maintain | Neutral | $248.00 |
| 2026-03-16 | RBC Capital | reiterate | Sector Perform | $230.00 |
| 2026-02-25 | Goldman Sachs | maintain | Neutral | $240.00 |
| 2026-02-25 | RBC Capital | reiterate | Sector Perform | $230.00 |
| 2026-02-25 | Evercore ISI Group | maintain | Outperform | $358.00 |
| 2026-02-25 | Mizuho | maintain | Outperform | $280.00 |
| 2026-02-25 | Benchmark | reiterate | Buy | $325.00 |
In the past 30 days, there has been 1 upgrade (DA Davidson) and 0 downgrades. EPS revisions are strongly positive: +1y estimates revised up 10 times in 30 days, none down; +1q up 5 times, down 3. The 0y EPS estimate rose from $6.64 to $6.70 over the same period, indicating accelerating earnings momentum into earnings.
Firm Track Record — DA Davidson
DA Davidson accuracy: 53% on 1587 calls | avg return: 3.2%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Bernstein | 100% | 2/2 | 65.5% | top tier |
| Raymond James | 100% | 2/2 | 58.8% | top tier |
| Melius Research | 100% | 3/3 | 8.3% | top tier |
| Wolfe Research | 100% | 2/2 | -11.5% | top tier |
| HSBC | 83% | 5/6 | 17.6% | top tier |
| Barclays | 71% | 5/7 | 21.8% | top tier |
| Goldman Sachs | 67% | 2/3 | 4.1% | top tier |
| Stifel | 60% | 3/5 | 25.5% | above average |
| Mizuho | 57% | 8/14 | 12.3% | above average |
| B of A Securities | 55% | 6/11 | 21% | above average |
DA Davidson has a 53% accuracy rate (845 correct out of 1587 rated calls), below the top-tier average of 75%. Top performers include Bernstein (100%, 2/2), Raymond James (100%, 2/2), and HSBC (83%, 5/6). DA Davidson’s average return on rated stocks is 3.2%, well below leaders like Seaport Global (58.9%) and Bernstein (65.5%). Its call is contrarian but not from a high-accuracy firm.
Earnings Estimates
Next earnings: May 4, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $1.42 | $1.26 — $1.59 | $10.5B | ↑2 ↓0 |
| 0y | $6.70 | $5.60 — $7.95 | $46.7B | ↑5 ↓0 |
| +1y | $10.98 | $7.40 — $14.26 | $68.0B | ↑6 ↓0 |
| 0q | $1.28 | $1.25 — $1.37 | $9.9B | ↑2 ↓0 |
Cross-Platform Signals
Insider activity shows $13.5M in executive selling in April (Papermaster, Su), but congressional buys outweigh sells 3:2, including a $50K+ buy by Cleo Fields. Institutionally, FMR LLC increased position by 63.3% and Norges Bank initiated a $4.9B stake, offset by trims from Bank of America (-37.9%) and Wells Fargo (-45.2%). Short interest is elevated at 64.0% short ratio, suggesting crowded bearish positioning vulnerable to squeeze if earnings beat.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Insider Cluster | $465.58 $477.57 | ▼ −2.58% | ▼ −2.47% | $636.34 (−36.68%) |
Aug 26, 2026 5w ago | Insider Cluster | $476.67 $456.16 | ▼ −4.30% | ▼ −4.57% | $636.34 (+33.50%) |
Aug 21, 2026 6w ago | ANALYST-UPGRADE | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $636.34 (+34.46%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $636.34 (+34.46%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $636.34 (+34.46%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▲ +1.62% | ▲ +2.09% | $636.34 (−34.46%) |
Aug 18, 2026 6w ago | Insider Cluster | $466.42 $480.93 | ▲ +3.11% | ▲ +3.50% | $636.34 (+36.43%) |
Aug 18, 2026 6w ago | Insider Cluster | $484.13 $479.18 | ▼ −1.02% | ▼ −0.82% | $636.34 (+31.44%) |
Aug 18, 2026 6w ago | Insider Cluster | $484.39 $479.18 | ▲ +1.08% | ▲ +0.87% | $636.34 (−31.37%) |
Aug 17, 2026 6w ago | 8-K | $484.39 $479.18 | ▼ −1.08% | ▼ −0.87% | $636.34 (+31.37%) |
US Market Status
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