Here are the biggest calls on Wall Street on Friday:
Deutsche Bank reiterates Tesla as buy
Deutsche lowered its price target to $480 per share from $500 following Tesla earnings earlier this week.
“With capex now expected to more than double this year and even ambitions to possibly stand up a chip fab, management is clearly looking beyond the traditional auto market and aiming to structurally disrupt labor intensive services with a vertically integrated Physical AI stack.”
Bank of America reiterates Apple as buy
Bank of America says Apple is firing on all cylinders following earnings.
“We remain bullish on shares of Apple heading into 2026 given (1) iPhone upgrades are tracking better than expected (globally including China) with record upgraders, (2) gross margins continue to move higher despite commodity headwinds, (3) AI enabled Siri will be available in 2026..”
Wolfe reiterates Nvidia as outperform
Wolfe says the stock is a best idea in 2026.
“NVDA remains our top pick in semis for CY26.”
Raymond James upgrades Sandisk to outperform from market perform
The firm admitted its upgrade was late but says better late than never.
“In arguably one of the most delayed upgrades in history, we are upgrading Sandisk to Outperform from Market Perform and setting a price target of $725.”
Wells Fargo reiterates AMD as overweight
Wells says it’s bullish heading into earnings next week
“Reiterate Top-Pick OW rating on AMD; $345 PT ahead of 4Q25 print.”
Morgan Stanley reiterates Western Digital as overweight
The firm raised its price target to $306 to $260 following earnings.
“WDC echoed very similar demand strength and visibility commentary as STX earlier this week, but the market continues to underappreciate sustainable pricing tailwinds and the subsequent flow-through to margins and EPS.”
Wolfe upgrades Broadcom to outperform from peer perform
Wolfe says it sees a slew of positive catalysts ahead.
“We upgrade AVGO to Outperform with a PT $400.”
Bernstein reiterates Netflix as outperform
The firm says investors need to be patient and wait for the WBD process to play out.
“Assuming a mid-year margin revision and NFLX acquisition of WBD alleviates near-term engagement pressure, the upside for Netflix buyers today ultimately hinges on the outcome of the current WBD process.”
Citi upgrades Spotify to buy from neutral
Citi says it sees “several positive catalysts” ahead.
“We are upgrading Spotify from Neutral to Buy for three reasons: 1) the valuation is attractive, 2) consensus estimates are beatable, and 3) we see several positive catalysts.”
Guggenheim upgrades GE Vernova to buy from neutral
Guggenheim says it likes the company’s cash generation.
“We are returning to a Buy rating (from Neutral) for GEV, and establishing a price target of $910. Our analysis indicates that the market still may be underestimating the potential for cash generation and capital returns, as well as the possibility of further margin improvement in the company’s electrification segment.”
BMO upgrades Southwest to outperform from market perform
BMO says it sees earnings upside for Southwest.
“We see further runway over the coming years including an eventual recovery in domestic main cabin market conditions and the potential for increased share of corporate travel, neither of which are contemplated in management’s outlook.”
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