Here are Friday’s biggest calls on Wall Street:
Bank of America reiterates Nvidia as buy
Bank of America said the stock is firing on all cylinders after a meeting with management.
“Following ‘GTC Taipei’ CEO keynote on Monday we hosted NVDA CFO Colette Kress for a well-attended keynote on Thursday, and Sr. Director, IR Stewart Stecker for a bus tour investor meeting.”
Wedbush reiterates Apple as outperform
Wedbush said it’s bullish heading into the company’s Worldwide Developer’s Conference.
“On Monday, Apple will host WWDC in Cupertino where Apple will present its key annual conference for developers which will capture all eyes of the Street as we expect the company to unveil its much-awaited AI strategy and ultimately unlock the developer ecosystem which remains the hearts and lungs of the Apple story.”
JPMorgan upgrades Tesla to neutral from underperform
JPMorgan said the stock is “uniquely positioned to scale.”
“The unique advantage TSLA has, and unmatched at an industrial level scale, is the degree of vertical integration (and increasing further over time) across all the hardware + software products it builds, combined with the efficacy and speed of technology development.”
JPMorgan adds a positive catalyst watch on Qualcomm
The firm said its sticking with its neutral rating but is bullish ahead of the company’s investor day.
“Qualcomm is set to host its highly anticipated Investor Day on June 24th, to discuss
the next phase of the company’s growth and diversification strategy amidst the rapid evolution of AI.”
Berenberg downgrades CrowdStrike to hold from buy
Berenberg said the stock is priced to perfection.
“CrowdStrike’s Q127 results marked a strong start (Solid Q127 against elevated expectations, dated 4 June 2026) to FY27E, reinforcing its reputation as one of the highest-quality platforms in cybersecurity.”
Baird reiterates Coinbase as neutral
The firm added a bearish fresh pick on the stock.
“We are designating COIN as a Bearish Fresh Pick. We expect Q2 to miss Street revenue by 5-6% on weak qtd trading volumes, and consider it likely that CLARITY Act remains unpassed until post mid-term elections. While early June volumes have improved, we think it’s due to heavy crypto selling, which may precede a period of ongoing slow trading.”
Rosenblatt reiterates Disney as buy
The firm raised its price target to $126 per share from $121.
“We update Disney estimates, factoring in our current view of their movie slate, which looks substantially more profitable in F2026 than F2025, helped by the upcoming Toy Story 5 release, and our best take on indicators for Parks, which are the core driver of earnings, and seem OK, despite high gas prices and international visitation pressures.”
BTIG downgrades Lululemon to hold from buy
BTIG said it has “reduced visibility.”
“We downgrade LULU to Neutral from Buy. While Q1 was largely in-line, the decel toward the end of the quarter suggests more work ahead, with Q2 sales set to decline for the first time post-COVID.”
JPMorgan upgrades Chipotle to overweight from neutral
JPMorgan said it sees a “rare valuation opportunity” after a meeting with company management.
“1x1 in-HQ visit with Chipotle’s CEO Scott Boatwright and CFO Adam Rymer captured a management team acknowledging past mistakes and focused on future opportunities.”
Deutsche Bank reiterates Robinhood as buy
Deutsche raised its price target to $98 per share from $88 on Robinhood.
“First, we are adjusting our estimates for prediction market volumes and revenue following the June 4th launch of Rothera, a new prediction exchange managed with Susquehanna as the key liquidity provider.”
