Here are Thursday’s biggest calls on Wall Street:
Bank of America reiterates Micron as buy
The firm says it sees “stronger for longer pricing” following Micron’s earnings report on Wednesday.
“MU delivered another strong quarter, reinforcing our constructive view on memory’s role
in AI and the increasing supply-side discipline supporting a more durable cycle.”
Barclays reiterates Apple as underweight
Barclays says it still see too many negative catalysts for Apple.
“We remain UW on AAPL on an uncertain growth backdrop, regulatory risks in Services, undefined AI strategy, and a premium valuation. We do not make changes to our estimates for AAPL.”
Barclays reiterates Tesla as equal weight
Barclays said in its delivery previews note that fundamentals remain an “afterthought
“At this point we believe the stock is being driven almost exclusively by narrative, with hopes for a number of ‘inflection points’ ahead for Tesla in Robotaxi, Optimus, and AI. Conversely, ‘fundamentals’ such as 2Q deliveries and margins are increasingly an afterthought in discussions...in our recent discussions on Tesla, the trajectory of the auto business has received almost no attention.”
Goldman Sachs initiates Intel as neutral
Goldman says it sees more compelling opportunities elsewhere.
“We initiate coverage of Intel (INTC) with a Neutral rating and 12-month price target of $150 (~12% upside). We expect Intel to be a beneficiary of rising server demand (driven by agentic AI), and we see upside optionality from Intel’s role as a US champion with its foundry business - with near-term traction in advanced packaging, and longer-term potential in wafer outsourcing.”
Morgan Stanley upgrades Qualcomm to equal weight from underweight
Morgan Stanley said its thesis was “wrong.”
“We have been wrong to be skeptical. While Qualcomm is a late entrant, a newly emerging trillion dollar data center market creates significant opportunities.”
Morgan Stanley reiterates Netflix as overweight
Morgan Stanley says its checks show Netflix engagement remains robust.
“NFLX continues to have the strongest net retention score and is perceived to have the best original content, despite investor concerns over engagement.”
Citi reiterates SanDisk as buy
Citi raised its price target on SanDisk to $2,500 per share from $2,025.
“We open an Upside 90-Day ST View on SNDK shares on favorable industry results/commentary plus forthcoming catalyst of SNDK’s August investor day where we expect to hear updated commentary on demand expectations, technology roadmap and constructive capital returns outlook.”
Rosenblatt initiates CoreWeave as buy
Rosenblatt says it sees plenty of upside.
“CoreWeave looks increasingly like the de facto operating system for AI, and we see upside to $250 over one year for CRWV.”
Monness Crespi Hardt upgrades Workday to buy from neutral
Monness says shares are compelling at current levels.
“Under pressure from growing concerns that AI could curtail the software industry’s growth prospects, Workday is the worst performing stock in our coverage universe in 2026, falling 45%. Since reaching a peak in early 2024, the stock has collapsed by 62%, making the valuation enticing.”
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