Friday top analyst calls like Apple & Nvidia
Here are the biggest calls on Wall Street on Friday: Bank of America reiterates Apple as buy Bank of America says it sees a host of tailwinds for Apple following earnings on Thursday. “We remain bullish on shares of Apple h eading into the remainder of 2026 given (1) iPhone revenues are tracking better than expected with record upgraders, (2) gross margins continue to show strength despite commodity headwinds, (3) AI enabled Siri will be available in 2026, (4) a foldable iPhone is expected this fall…” Read more. Bank of America downgrades Roblox to neutral from buy The bank says it’s concerned about slowing demand following earnings. “While we acknowledge RBLX’s ability to compress development costs, thereby compelling content velocity far in excess of the video game industry, the demand side of the platform has experienced a major stumble, the duration of which we have difficulty estimating.” Citi reiterates CoreWeave as buy Citi raised its price target to $155 per share from $126. “The stars continue to align for AI infrastructure leaders like CRWV, and we estimate at least +35-40% QoQ backlog growth this Q as diversification across hyperscalers, AI labs, and enterprise de-risks customer concentration.” Barclays reiterates SanDisk as overweight Barclays raised its price target on SanDisk t o $1200 per share from $750 following earnings. “The company is well positioned with zero debt and generating a significant amount of cash.” Morgan Stanley reiterates Reddit as overweight Morgan Stanley says the stock is cheap following earnings on Thursday. “Remain OW, $240 PT with RDDT screening inexpensive on EBITDA and EPS.” Needham initiates Alpha & Omega Semiconductor as buy Needham initiated the semis company and says it’s firing on all cylinders. “We are initiating coverage of Alpha and Omega Semiconductor w ith a Buy rating and $50 price target. AOSL is entering a new growth cycle as end-market recovery sets in, AI data center adoption accelerates, and the company’s strategic pivot to a system-level solutions provider takes hold.” TD Cowen upgrades Hershey to buy from hold TD Cowen says it sees several positive catalysts ahead for the stock. “We upgrade Hershey to Buy on increased confidence that the company will raise 2026 guidance and return to volume growth in 2027.” Goldman Sachs adds UnitedHealth & Interactive Brokers to the conviction list Goldman says both stocks have more room to run. “We add Interactive Brokers Group (I BKR) and UnitedHealth Group (UNH) to the US Conviction List…” Bank of America reiterates Roku as buy The firm raised its price target to $150 per share from $140 following earnings on Thursday. ” Roku delivered a strong 1Q26 print, with revenue of $1,249mn driven by outperformance in Platform revenue relative to our forecast.” Oppenheimer initiates Dutch Bros as outperform Oppenheimer says the coffee chain has plenty of room for growth. “BROS represents a unique opportunity to own an on-trend beverage brand with robust traffic drivers, mid-teens unit growth, and an EBITDA algorithm of > 20%.” BMO upgrades Air Products to outperform from market perform BMO says it sees robust execution. “After cleaning house on the bulk of the mega projects, and demonstrating its ability to execute on its targets , APD is no longer a ‘show me’ story.” BMO upgrades Willis Towers Watson to outperform from market perform BMO says investors should buy the dip. “We upgrade shares of WTW to Outperform following the -12% move on April 29 on a challenging quarter that we don’t see as indicative of a trend. On its call, mgmt pointed to seeing a recovery in April, as well as several other factors that suggest a bounceback.” Jefferies initiates Suncrete as buy Jefferies says it sees “explosive growth” for the building materials company. “We’re initiating coverage of RMIX with a Buy rating and $19 PT. As a scaled ready-mix producer in well-structured mkts, RMIX has shown it can generate 20% EBITDA margins.” Morgan Stanley upgrades Caterpillar to equal weight from underweight Morgan Stanley upgraded the stock following earnings. “Upgrading to Equal-weight from Underweight a s CAT’s execution in the face of ongoing macro headwinds and its record backlog continue to support attractive longer term growth.” Morgan Stanley downgrades e.l.f. Beauty to equal weight from overweight Morgan Stanley says it sees “worsening” share losses. “We are downgrading ELF to EW on worsening core US cosmetics share losses, both on a $ basis and, more significantly, on a unit basis…” JPMorgan initiates Arrow Pharmaceuticals as overweight The firm says the biopharma company is a leader in the cardiovascular space. “We are initiating coverage of ARWR with an Overweight and a Dec-2026 PT of $88.” Barclays upgrades Pilgrim’s Pride to overweight from equal weight Barclays says the poultry company’s investments are paying off. “Although we lower our price target to $42 (from $45), we upgrade PPC to OW (from EW) given solid free cash flow generation despite higher capex and weaker YoY fundamentals.” Morgan Stanley upgrades TKO to overweight from equal weight Morgan Stanley says the media company has margins that are best-in-class. “TKO’s bi g UFC and WWE media rights deals provide certainty, while partnerships, site fees and Zuffa Boxing are inexpensive call options, best-in-class margins.” Morgan Stanley upgrades Paramount Skydance to overweight from underweight Morgan Stanley says it sees a buying opportunity for the media company. ” PSKY pessimism presents an opportunity as WBD deal is transformative, AI to turbocharge legacy assets/IP with clear synergy and de-levering path.” Rothschild & Co Redburn initiates Celestica, Credo, Coherent and Lumentum as buy Rothschild initiates several optical and networking stocks on Friday and says they are well positioned for AI. “We launch coverage with Buys on Lumentum (price target $1,270) , Coherent ( price target $455), Celestica, (price target $460) and Credo ( price target $206)…” Deutsche Bank reiterates Rivian as buy Deutsche says it’s sticking with its buy following earnings on Thursday. “Rivian reported relatively in-line 1Q results, helped by higher-than- anticipated contribution from regulatory credits.” Wolfe initiates Rubrik as outperform Wolfe says the cybersecurity company is firing on all cylinders. “We are initiating coverage on Rubrik (RBRK) with an Outperform rating and PT of $70 based on 7.5x CY27 EV/Sales and 36x FCF.” Evercore ISI reiterates Nvidia as outperform Evercore says the stock is a best idea and a “tectonic ecosystem play in the AI computing era.” “We believe that the Tectonic Shift to the current Parallel Processing / IoT Computing Era started 5-to-8 years ago, and that N VDA is the dominant and the only full-stack chip…” Stifel initiates Septerna as buy Stifel says the biotech company has a large pipeline. “We are initiating coverage on Septerna Inc. (SEPN) with a Buy Rating and $43 target price.”
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