Here are Friday’s biggest analyst calls: Nvidia, SpaceX, AMD, Broadcom, Warby Parker, Adobe, Kratos & more
Here are Friday’s biggest calls on Wall Street: 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.” 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.” TD Cowen reiterates Warby Parker as buy “We see growth in core WRBY business driven by not only store footprint expansion but also increased awareness, particularly around eye exams and insurance, and penetration of higher ASP & margin categories including progressives and sport.” Bank of America upgrades Williams-Sonoma to buy from neutral The firm said the company is “rare, quality compounder in consumer discretionary.” “We are reinstating coverage with a Buy rating; we expect WSM will remain a structural share gainer. WSM is in a demographic sweet spot, luxury demand is soft, while lower-income consumers remain pressured.” Bank of America initiates Avalo Therapeutics as buy Bank of America said it’s bullish on the biotech company’s skin disease treatment. “We initiate coverage of Avalo with a Buy rating and $35 PO, with lead drug abdakibart now a cleaner, single-asset immunology story after positive phase 2 data in hidradenitis suppurativa, or HS, a common inflammatory skin disease.” Wells Fargo initiates Coca-Cola Europacific Partners as overweight Wells said the Coca-Cola bottler has pricing power. “Initiate CCEP Overweight, $110 target, anchored by this primer. Simple idea: our work suggests CCEP delivers algorithm through what already looks a 2027 inflation cycle, firming a unique profit story amid controversy…all at low valuation vs growth.” Bernstein initiates Celsius Holdings and Keurig Dr Pepper as outperform Bernstein said it’s bullish on both stocks. “Energy Drinks fit this trend particularly well, and are seeing an additional boon from the rise of GLP1s. For these reasons, we are bullish on Energy Drinks and initiate o n Celsius a nd KDP with an Outperform rating.” Citi upgrades Advanced Micro Devices 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 e merging as a legit second source in the GPU market with company poised to win lion’s share at Meta.” Read more. Roth initiates Fervo Energy as buy Roth said the geothermal company is firing on all cylinders. “We are initiating coverage of Fervo Energy ( FRVO) with a Buy rating and $45PT.” Barclays initiates Air Global as overweight Barclays said the hookah air and tobacco provider company has pricing power. ” AIR is a category leader in shisha molasses, with structurally resilient volumes vs. other tobacco categories.” JPMorgan upgrades Kratos Defense & Security to overweight from neutral JPMorgan said buy the dip. “Growth remains the long-term focus in Defense and the outlook for Kratos o n this front remains compelling, with margin rate expanding as well.” Read more. Citizens upgrades EPR Properties to market outperform from market perform Citizens said the real estate investment trust is resilient. “We are upgrading shares o f EPR Properties to Market Outperform from Market Perform as we see opportunity for a meaningful pickup in deployment, portfolio operating trends have remained resilient, while the movie industry appears poised for a rebound throughout the remainder of 2026, which supports the potential for improved rent coverage.” 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.” Read more. KeyBanc initiates Phinia as overweight KeyBanc said the automotive aftermarket company is “undervalued and underappreciated.” “We are launching coverage on PHINIA Inc . ($3B market cap) with an OW rating and a $105 PT.” Goldman Sachs upgrades New Oriental to buy from neutral Goldman said the China education company has “valuation appeal.” “We upgrade New Oriental Education & Technology t o Buy from Neutral, with 12m SOTP-based target prices of US$65/HK$50.” BTIG initiates One Gas as buy BTIG sees robust demand for the gas company. “On top of its historical focus of traditional infrastructural investment s, OGS is now experiencing growing demand from large load customers seeking natural gas for speedy baseload and backup power generation, creating a unique growth opportunity for the company while still maintaining its defensiveness.” RBC initiates Guardant Health as outperform RBC said it has upside potential. “We are initiating coverage of Guardant Health (GH) with an Outperform rating and $185 price target.” Oppenheimer reiterates Nvidia as outperform Oppenheimer said it’s sticking with the stock. “At the forefront of the AI industry , NVDA r emains best positioned in AI, benefiting from full stack hardware/software solutions and unique end-end rack-scale. We remain long-term buyers.”
