Benzinga | Jan 12, 2022 07:45AM EST

10 Biggest Price Target Changes For Wednesday

* Needham raised the price target for Impinj, Inc. (NASDAQ:PI) from $63 to $96. Impinj shares fell 1.4% to $85.22 in pre-market trading.

* Barclays lowered Alibaba Group Holding Limited (NYSE:BABA) price target from $252 to $247. Alibaba shares rose 3% to $136.16 in pre-market trading.

* Piper Sandler lifted the price target on Wells Fargo & Company (NYSE:WFC) from $50 to $64. Wells Fargo shares rose 0.8% to $56.49 in pre-market trading.

* Oppenheimer raised the price target for Veeco Instruments Inc. (NASDAQ:VECO) from $34 to $38. Veeco Instruments shares rose 8.4% to close at $29.97 on Tuesday.

* Jefferies cut PayPal Holdings, Inc. (NASDAQ:PYPL) price target from $255 to $200. PayPal shares dropped 2.4% to $186.94 in pre-market trading.

* Raymond James boosted TD SYNNEX Corporation (NYSE:SNX) price target from $150 to $170. TD SYNNEX shares fell 2.2% to $105.15 in pre-market trading.

* Telsey Advisory Group reduced the price target on Urban Outfitters, Inc. (NASDAQ:URBN) from $47 to $38. Urban Outfitters shares gained 1.8% to close at $28.71 on Tuesday.

* Piper Sandler cut the price target on Biogen Inc. (NASDAQ:BIIB) from $362 to $216. Biogen shares fell 10% to $217.50 in pre-market trading.

* Wells Fargo lowered Cogent Communications Holdings, Inc. (NASDAQ:CCOI) price target from $75 to $65. Cogent Communications shares fell 3.1% to close at $66.35 on Tuesday.

* Baird cut 8x8, Inc. (NYSE:EGHT) price target from $32 to $18. 8x8 shares fell 2.2% to $16.87 in pre-market trading.

Check out other big price target changes here