Here are the biggest calls on Wall Street This Week:
Wolfe initiates SpaceX as outperform
Wolfe said it sees plenty of upside.
“SpaceX turned a competitive moat into an ocean of opportunity that we don’t see others crossing. Bringing (internal) cost of launch to near-zero alongside a willingness to push boundaries of scale support out-of-this-world near-term valuation.”
Oppenheimer reiterates Tesla as perform
Oppenheimer says it’s not a given that Tesla and SpaceX will merge anytime soon.
“While we anticipate TSLA shares will see some support on speculation of a merger with SPCX, we believe CEO Elon Musk’s longer term vision of AI is best served by diversified, flexible access to capital and believe having two public currencies supports that strategy most effectively.”
JPMorgan reiterates Nvidia as overweight
JPMorgan says it’s bullish on the partnership between Nvidia and SK Hynix.
“We believe the multi-year partnership implies extended demand visibility and highlight that this also acts in favor of other existing memory makers given the likely limited supply.”
Morgan Stanley reiterates Apple as overweight
Morgan Stanley raised its price target on Apple to $360 per share from $330 following the first day of the company’s Worldwide Developer’s Conference.
“WWDC 2026 illustrated clear progress on Apple’s AI roadmap and suggested earlier monetization oppt’y than we expected, but also showed Apple Intelligence improvements will be a marathon, not a sprint. With less backwards compatibility + clearer use cases, we see WWDC as a net positive;”
Bank of America reiterates Meta as buy
Bank of America says that new products are the “key to a re-rating.”
“The investment debate on Meta is centered on the return profile of the AI investment cycle and company’s positioning within the emerging Frontier AI ecosystem.”
Evercore ISI reiterates Netflix as outperform
Evercore says its survey checks show Netflix remains well positioned.
“Overall, our survey results demonstrated robust core metrics in both the U.S. and UK markets across Penetration, Satisfaction and Churn Intent. Notably, both markets demonstrated continued adoption of the adsupported subscription offering,”
Jefferies reiterates Netflix as buy
The firm cut its price target to $110 per share from $128 but are sticking with the stock.
“While not a catalyst-rich setup, we see a scenario for NFLX to work again with 1) modest improvement in hours per sub declines in 1H26, 2) potential OM upside later in the year,..”
UBS reiterates Broadcom as buy
UBS said it’s sticking with Broadcom despite concerns about the Google Broadcom chip partnership.
“The Google upside, however, is now somewhat in question in our minds given the recent roadmap changes and supply challenges.”
Citi upgrades AMD to buy from neutral
Citi said it sees “GPU upside.”
“While we have been constructive on the inflection in agentic AI led CPU demand and AMD to be the major beneficiary of it, we now see AMD emerging as a legit second source in the GPU market with company poised to win lion’s share at Meta.”
Goldman Sachs reiterates Micron as neutral
Goldman raised its price target on Micron ahead of earnings later this month to $900 per share from $400.
“We believe investor expectations are very elevated heading into the print, with Micron benefiting from robust DRAM pricing trends.”
Bank of America upgrades Intel to buy from underperform
Bank of America says it sees a CPU opportunity.
“We double-upgrade Intel (INTC) to Buy from Underperform on higher confidence in INTC’s opportunity to help address industry constraints in leading edge wafers/packaging, plus supply into a much larger agentic CPU [central processing unit] TAM.”
Bank of America reiterates Oracle as buy
The firm says it’s sticking with Oracle despite its plans to raise more capital for its AI buildout.
“We rate Oracle Buy. Our bullish view on Oracle is based on accelerating demand in the company’s OCI [Oracle Cloud Infrastructure] segment.”
Stifel downgrades Adobe to hold from buy
Stifel said it sees too many negative catalysts following earnings for Adobe.
“The company also announced the departure of CFO Dan Durn, adding more leadership uncertainty into the mix, with CEO Shantanu Narayen expected to step down from his role this year.”
MoffettNathanson downgrades Chewy to neutral from buy
MoffettNathanson says the stock has “unimpressive” growth right now.
“Our Buy ratings are not placeholders. If we have an active rating, we should be able to confidently present the thesis to investors with an expectation for upside. As Chewy is situated today, we no longer hold this belief and are downgrading to Neutral.”
