Here are the biggest calls on Wall Street This Week:
Barclays reiterates Meta as overweight
Barclays says Meta is poised to “make another historic run, this time in AI.”
“Against much skepticism from the press and investment community, Meta reasserted itself into the conversation among frontier labs with the release of Muse Spark this week. While not yet at the frontier, the scaffolding is in place for Meta to make another historic run, this time in AI.
JPMorgan reiterates Netflix as overweight
JPMorgan says it’s sticking with the stock ahead of earnings next week.
“We moved to an Overweight rating on NFLX in late February and continue to like the shares into 1Q earnings.”
Raymond James reiterates Nvidia as strong buy
Raymond James says its Asia supply chain checks show Nvidia remains best positioned.
“Trends sound favorable, and suppliers received increased forecasts during the quarter.”
Morgan Stanley reiterates Tesla as equal weight
Morgan Stanley says it needs more evidence that Tesla’s full self driving can “support the stock’s valuation.”
“Tesla is closing in on 10bn FSD miles traveled. This symbolic milestone reinforces Tesla’s autonomy lead, but with capex doubling and FCF turning negative, investors will need clearer evidence that unsupervised autonomy is around the corner to support the stock’s valuation.”
Jefferies reiterates Apple as hold
The firm says Apple has price elasticity.
“Despite skyrocketing memory costs, we see AAPL as the most resilient consumer electronics player given its high ASP, thus ability to raise prices with limited demand impact, and its premium iPhone roadmap.”
Citi initiates IBM as buy
Citi called IBM a “port in the software storm.”
“IBM has demonstrated an uncanny ability to consistently reinvent itself through multiple, generational,
and paradigm-shifting tech and computing cycles – we believe the future will ‘rhyme’ with history, with IBM carving a defensible lane of lucrative commercial relevance in the current frontier AI wave transforming the economy.”
Citizens upgrades Rocket Lab to market outperform from market perform
Citizens says the space company is best positioned for the “space economy.”
“We upgrade our rating to Market Outperform from Market Perform and establish an $85 price target on Rocket Lab Corporation, as the company’s launch, defense space systems, and a clearer path toward higher-value space services shift the risk/reward meaningfully in Rocket Lab’s favor, coupled with a favorable geopolitical and funding environment for the space economy.”
Morgan Stanley downgrades Arm Holdings to equal weight from overweight
Morgan Stanley says it sees too many near-term headwinds for Arm Holdings.
“Strong early execution is offset by DRAM-related headwinds, margin pressure, and potential licensee conflict, leaving valuation capped at $150. We move to Equal-weight. Our bull case (now $287) explores upside potential from hurdles clearing.”
Bank of America adds Spotify, Viking Holdings and Microsoft to the US1 list
The firm added all three companies to its best ideas list.
“We are adding Microsoft Corporation (MSFT), Spotify Technology S.A. (SPOT), and Viking (VIK) to the US 1 List.”
Rosenblatt upgrades Arista Networks to buy from neutral
Rosenblatt says it sees robust revenue growth.
“Given ANET’s big deferred revenue balance of $5.4bn, and strong orders for scale out Ethernet and scale across Switching & Routing, we think revenue growth can exceed guidance for 25% in 2026 and 20% in 2027.”
Wells Fargo reiterates Intel as equal weight
Wells Fargo raised its price target on Intel to $55 per share from $45.
“We maintain our EW rating at current levels, given: (1) still too early to make a definitive call on execution to process node leadership looking into 2026+, (2) continued uncertainties regarding Intel’s ability to drive to a sustainable 50%+ gross margin and positive FCF.”
Barclays reiterates Oracle as overweight
Barclays says it’s bullish on the company’s change of chief financial officer.
“ORCL appointed Hilary Maxson as CFO, with Doug Kehring moving back to solely focus on leading operations. Kehring’s tenure leading ORCL’s finance org was short, but seems prudent as an industrials-oriented CFO complements ORCL’s growing OCI business that is more capital-intensive and complex.”
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