Here are the biggest calls on Wall Street This Week:
Dell Technologies Inc.
Susquehanna upgrades Dell to positive from neutral
The firm upgraded Dell following earnings on Thursday.
“Compelling case for multiple rerating: We previously argued for up to 1x FWD EV/sales [Enterprise Value-to-Sales] for OEMs like Dell. However, increased confidence in a sustainable 8–10% operating margin and 6% FCF margin profile supports rerating DELL to 3x EV/sales.”
Bank of America reiterates Dell as buy
Bank of America called Dell’s earnings report on Thursday “best in class execution.”
“Historic beat & raise; momentum continues in 2H and C27.”
Mizuho reiterates Dell as outperform
Mizuho raised its price target on the stock.
“Reiterate Outperform and raise PT to $350 (prior: $300), ~23x our F28E EPS as we see DELL benefitting from Agentic AI server ramps, with Vera-only racks potentially made by DELL, an expanding AI server backlog, and continued storage ramps.”
Bank of America upgrades SentinelOne to buy from neutral
Bank of America says buy the dip.
“SentinelOne reported an in-line but solid quarter, and we view the -18% after-hours decline as an attractive entry point.”
Snowflake
HSBC upgrades Snowflake to buy from hold
HSBC upgraded the stock following earnings.
“We upgrade our rating to Buy (from Hold) on stronger earnings momentum, improved AI monetisation visibility, and greater confidence that CoCo [cortex code] can improve Snowflake’s long-term growth trajectory, while maintain strong margin discipline.”
Bank of America reiterates Snowflake as buy
The firm raised its price target to $300 per share from $205 following earnings.
“Snowflake reported strong F1Q27 results where its key growth metric, Product revenue, grew 34% y/y, accelerating 4 points from +30% in F4Q26.”
Roth initiates Ouster as buy
Roth says it sees revenue growth for the lidar technology company.
“We are initiating coverage on Ouster, Inc. with a Buy rating and a $75 price target.”
NVIDIA
JPMorgan reiterates Nvidia as overweight
The firm says Nvidia is a top idea.
“We expect long-term positive fundamental trends to continue.”
Bernstein reiterates Nvidia as outperform
Bernstein said Nvidia remains well positioned.
“The datacenter opportunity is enormous, and still early, with material upside still possible.”
Truist reiterates Amazon and Alphabet as buy
Truist raised its price target on Amazon to $320 per share from $310. The firm also raised its price target on Alphabet to $430 per share from $415,
“We’re raising our ests for Google Cloud and AWS across both revenue and Capex above consensus. Looking at backlog (as of 3/31)+recent deals, cons. revenue ests for Google Cloud are below what they should be. ... .For AMZN, cons. is underestimating Capex for FY27 but also underestimating revenue growth.”
Morgan Stanley reiterates Tesla as equal weight
Morgan Stanley said its survey checks show Tesla is expanding robotaxi operations.
“Our Alphawise data shows increased hiring in northern metro areas for ‘AI Safety Operators’ - a sign that Tesla is gearing up to expand robotaxi operations.”
Wolfe reiterates Meta as outperform
The firm said it’s bullish on Meta’s subscription services.
“We are incrementally positive, and we’re revising our subscription revenue and OI ests to $16B and $13B by 2030.”
Deutsche Bank reiterates Marvell as buy
Deutsche raised its price target to $240 per share from $120 following earnings.
“MRVL’s F1Q report/F2Q guide were both solid yet again, with the co’s typical slight beat in F1Q further bolstered by a “raise” in F2Q as Data Center (DC) revenues led the way in both quarters.”
Barclays reiterates Salesforce as overweight
Barclays said it’s sticking with the stock following earnings on Wednesday.
“We are not sure Q1 will be a main catalyst either way for CRM investors to solve the AI debate. True, AI ARR continued to do well (over $1bn), but remains small in the overall context. It seems Slack plus AI is performing well, but AI also creates visible headwinds to other parts like Tableau.”
Micron Technology
Mizuho reiterates Micron as outperform
Mizuho said the stock remains a top idea.
“MU - Reiterate Outperform, Raising Estimates and PT to $1,150 from $800.”
UBS reiterates Micron as Buy
UBS raised its price target to $1,626 from $535.
“We believe the market will start to put a more ‘normal’ multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex.”
Susquehanna reiterates Broadcom as positive
Susquehanna raised its price target to $490 per share from $450.
“Broadcom reports earnings on Wednesday, June 3rd. We expect better CY1Q results driven by upside from both Custom ASICs and AI Networking.”
Barclays upgrades Sandisk to overweight from equal weight
Barclays said it sees a slew of positive catalysts ahead for the stock.
“SNDK has been the most aggressive and structurally innovative in its contracting approach. Its
New Business Models, or NBMs, discussed at the most recent earnings are said to provide the company with ‘demand certainty’ and customers with ‘supply assurance.’”
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