Friday Wall Street analyst calls
Here are the biggest calls on Wall Street on Friday: Guggenheim upgrades GE Vernova to buy from neutral Guggenheim says it likes the company’s cash generation. “We are returning to a Buy rating (from Neutral) for GEV, and establishing a price target of $910. Our analysis indicates that the market still may be underestimating the potential for cash generation and capital returns, as well as the possibility of further margin improvement in the company’s electrification segment.” Bank of America reiterates Apple as buy Bank of America says Apple is firing on all cylinders following earnings. “We remain bullish on shares of Apple heading into 2026 given (1) iPhone upgrades are tracking better than expected (globally including China) with record upgraders, (2) gross margins continue to move higher despite commodity headwinds, (3) AI enabled Siri will be available in 2026..” Read more. Morgan Stanley reiterates Western Digital as overweight The firm raised its price target to $306 to $260 following earnings. ” WDC echoed very similar demand strength and visibility commentary as STX earlier this week, but the market continues to underappreciate sustainable pricing tailwinds and the subsequent flow-through to margins and EPS.” Deutsche Bank reiterates Tesla as buy Deutsche lowered its price target to $480 per share from $500 following Tesla earnings earlier this week. “With capex now expected to more than double this year and even ambitions to possibly stand up a chip fab, management is clearly looking beyond the traditional auto market and aiming to structurally disrupt labor intensive services with a vertically integrated Physical AI stack.” BMO upgrades Southwest to outperform from market perform BMO says it sees earnings upside for Southwest. “We see further runway over the coming years including an eventual recovery in domestic main cabin market conditions and the potential for increased share of corporate travel, neither of which are contemplated in management’s outlook.” Raymond James upgrades Valley National to outperform from market perform Raymond James says the regional bank sees “loan growth inflecting.” “We upgrade VLY shares to Strong Buy, from Market Perform, and establish a $15 price target as VLY has clearly shifted to offense, after playing defense for much of the past two years through reserve building and balance sheet de-risking.” Raymond James upgrades Sandisk to outperform from market perform The firm admitted its upgrade was late but says better late than never. “In arguably one of the most delayed upgrades in history, we are upgrading Sandisk to Outperform from Market Perform and setting a price target of $725.” Citi upgrades Spotify to buy from neutral Citi says it sees “several positive catalysts” ahead. “We are upgrading Spotify from Neutral to Buy for three reasons: 1) the valuation is attractive, 2) consensus estimates are beatable, and 3) we see several positive catalysts.” Bernstein reiterates Netflix as outperform The firm says investors need to be patient and wait for the WBD process to play out. “Assuming a mid-year margin revision and NFLX acquisition of WBD alleviates near-term engagement pressure, the upside for Netflix buyers today ultimately hinges on the outcome of the current WBD process.” Wells Fargo reiterates Advanced Micro Devices as overweight Wells says it’s bullish heading into earnings next week “Reiterate Top-Pick OW rating on AMD ; $345 PT ahead of 4Q25 print.” UBS upgrades Royalty Pharma to buy from neutral UBS says it sees accelerating growth for the biopharma company. “We upgrade RPRX to a Buy and raise our PT to $49 (from $38). RP has recently done a series of attractive royalty deals, which boosts the growth profile meaningfully – we see a catalyst-rich 2026 that can drive significant stock upside on upcoming de-risking events” Wolfe upgrades Broadcom to outperform from peer perform Wolfe says it sees a slew of positive catalysts ahead. “We upgrade AVGO to Outperform with a PT $400.” Wolfe reiterates Nvidia as outperform Wolfe says the stock is a best idea in 2026. “NVDA remains our top pick in semis for CY26.”
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