Here are the biggest calls on Wall Street This Week:
Daiwa reiterates Nvidia as outperform
Daiwa raised its price target on the stock to $215 per share from $205 ahead of the GTC Conference next week.
“We expect Nvidia and CEO Huang to do a great job in their GTC keynote (3/16 11am PT) and follow-up meetings. We expect many AI success proof points, probably with actual financial business cases and cash flow examples.”
Goldman Sachs reiterates Rivian as neutral
The firm said the debut of Rivian’s R2 model should help expectations in the U.S.
“We expect investor focus to remain on execution of the R2 ramp, the demand and profitability both for the initial variant and R2 overall (including at the different price points), and Rivian’s ability to execute on its autonomy roadmap (including its Gen 3 platform later this year on the R2).”
HSBC upgrades Nio to buy from hold
HSBC said in its upgrade of Nio that the EV company has earnings visibility.
“New models and core portfolio growth might support volume growth, mix upgrade, and margin expansion”
Barclays downgrades Adobe to equal weight from overweight
Barclays says it’s concerned about management changes following Adobe earnings on Thursday.
“The biggest news of the quarter is that long-time CEO Shantanu Narayen is transitioning out (will stay on as board Chair). We step to the sidelines on this name and move to EW.”
Wells Fargo reiterates Tesla as underweight
Wells says its survey checks show February delivery trends were higher.
“Of the 4 major markets we track, Feb TSLA deliveries are trending +24% y/y & +42% m/m. Incentives are likely a factor. Despite the m/m jump, YTD sales are still +2% y/y, trending below consensus of +10%.”
Citi reiterates Boeing as buy
Citi said its checks show buyside expectations are now lower and that investors should buy the weakness.
“Buyside expectations are in the $4-6B range for 2027, lower than our $6B forecast. Investors discussed the possibility of BA cutting 1Q FCF guidance, reiterating 2026 FCF guidance, and highlighting a restart of 737 deliveries when management speaks at upcoming conferences. We point out that that may mark a tactical bottom in shares as FCF expectations for 2027 have corrected quite a bit.”
Morgan Stanley names Alibaba a top pick
Morgan Stanley says the company is a standout for its own “in house” chips.
“Owning the full AI stack materially raises the likelihood of becoming an AI winner. In-house chips also mitigate competitive and regulatory risks. We elevate BABA to our Top Pick, replacing Tencent, despite near-term pressure on earnings.”
Wells Fargo upgrades Occidental to overweight from underweight
Wells Fargo says the oil and energy company is firing on all cylinders.
“We are double-upgrading OXY to OW with a $69 target price. OXY’s peer-leading oil sensitivity is both an opportunity and a risk, but it’s primarily Permian capital efficiency trends informing this rating change.”
KeyBanc reiterates Apple as sector weight
Key says its survey checks show iPhone sales are seasonally slow.
“We rate AAPL Sector Weight. AAPL currently trades at ~21.4x our 2026E adjusted EBITDA.”
JPMorgan upgrades Oracle to overweight from neutral
JPMorgan says investors should buy the dip following earnings on Tuesday.
“This is based upon 1) The material selloff in ORCL shares, down 55% since mid-Sept which de-risks valuation; 2) The corresponding shift in investor expectations from blind faith to widespread pessimism in attainability of FY30 targets, OpenAI ramp, and debt raising capability, which sets a lower expectations bar...”
Evercore ISI reiterates Netflix as outperform
Evercore says its survey checks show the company has “strengthening satisfaction & pricing power.”
Bank of America reinstates Qualcomm as underperform
The firm resumed coverage of Qualcomm and downgraded the stock to underperform from neutral saying it sees “lukewarm growth.”
“We reinstate coverage of Qualcomm with an Underperform rating and a $145 PO due to lukewarm +2%/+1% sales/EPS CY25-28E CAGR vs. semis at +17%.”
Bank of America reiterates Nvidia as buy
Bank of America said it’s very bullish heading into the tech giant’s big conference.
“Reiterate Buy on NVDA ahead of its flagship GTC conference (keynote Mar-16).”
Wolfe reiterates Amazon as outperform
Wolfe raised its price target to $255 per share from $250.
“We see Amazon benefiting from accelerating AWS growth and robust Retail growth with margin expansion at the company level.”
TD Cowen downgrades Novo Nordisk to hold from buy
TD Cowen said the biopharma company no longer has the chops to “answer the call.”
“NVO is an innovative company that can be fairly credited with unlocking the obesity market’s potential. But the business faces enormous challenges – first from branded competition, then from semaglutide LOE – and it is no longer clear the pipeline can answer the call.”
Morgan Stanley reiterates Microsoft as overweight
Morgan Stanley said the company’s array of Office products shows its ready for Agentic AI.
“Microsoft announced its first ‘Frontier Suite’ of enterprise AI offerings, which bundles Microsoft 365 E5 with M365 Copilot and the new Agent 365 (control plane for agents), with general availability expected on May 1, 2026 and priced at $99/user/ month.”
