Here are the biggest calls on Wall Street on Wednesday:
Wedbush reiterates Apple as outperform
Wedbush says it’s sticking with the iPhone maker ahead of earnings on Thursday.
“We believe 2026 will be a pivotal year for the tech giant as AAPL will look to transition demand from a strong iPhone 17 sales cycle to the iPhone 18 while managing pressure in key markets like China and keeping the ball rolling on its AI initiatives as it looks to get back into the generative AI game.”
Oppenheimer names Amazon a top pick
Oppenheimer raises its price target on Amazon and says it’s a top pick.
“Increasing target to $315 from $305 on higher AWS estimates after analyzing Anthropic impact and view as top mega-cap.”
UBS reiterates Texas Instruments as buy
UBS raises its price target to $260 from $245 following earnings.
“Amid investor sentiment on this stock that has been lackluster at best, TXN is starting to sound better with the revenue bias again shifting to seasonal plus and bookings/backlog commentary turning more constructive - all consistent with the read we had across analog coming out of our conference in early December.”
KeyBanc upgrades Nextpower to overweight from sector weight
KeyBanc sees an attractive risk/reward for the alternative energy company following earnings.
“With yet another beat and raise, and solidifying LT growth algorithm, we are upgrading NXT to Overweight with a $142 PT and raising estimates.”
Bank of America upgrades Microchip Technology to buy from neutral
Bank of America says the stock has “recovery potential.”
“Raise estimates and upgrade peer MCHP to Buy from Neutral as read-across with a $95 PO vs $78 pror,”
Mizuho upgrades Applied Materials to outperform from neutral
Mizuho says it likes the semiconductor company’s accelerating growth.
“Upgrading AMAT to Outperform, Raising PT to $370 (prior Neutral/$275PT).”
Rothschild & Co Redburn upgrades Visa to buy from neutral
Rothschild & Co Redburn upgrades the credit card payments company and says it sees greater demand.
“Our view is informed by the following: (i) the pricing power from a more fragmented ecommerce world results in a shift away from large merchants back to the card networks and (ii) the increased risk around agentic commerce will result in greater demand for Visa and Mastercard’s cyber and risk offerings.”
Morgan Stanley upgrades Johnson & Johnson to overweight from equal weight
The investment bank raises its price target to $252 per share from $200 and says it sees a “path to EPS beats.”
“We upgrade JNJ to OW from EW and raise our PT to $262 on higher estimates from new products and a higher P/E multiple.”
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