Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Nvidia as buy Deutsche raised its price target on Nvidia to $155 per share from $145. “We generally anticipate strong 2Q/3Q reports/guides for companies across our coverage given that the macro/tariff overhang from 1Q has largely dissipated. In theory, this should give companies in our universe improved visibility on end-market demand into the second-half of the year.” Baird reiterates Tesla as neutral Baird said it’s cautious on Tesla ahead of earnings next week. “We see risk to estimates stemming from both 1) full-year volume outlook and 2) potential margin compression in the Energy segment.” UBS reiterates Disney as buy The firm raised its price target on Disney to $138 per share from $120. “We expect F3Q results to highlight resilient demand at the Parks and similar improvement in DTC profitability, supporting a continuation of double digit earnings growth.” Wells Fargo reiterates Advanced Micro Devices as overweight Wells raised its price target on the stock ahead of earnings in early August to $185 per share from $120. “We expect AMD to point to sustained datacenter momentum into 2H; roadmap execution and building rack-scale strategy.” Read more. Mizuho upgrades Palantir to neutral from underperform Mizuho said the company is well positioned for growth. ” PLTR’s recent execution and momentum is stunning, including material upward revisions across its commercial and government segments that we very much underestimated. We also believe PLTR has a legitimate chance to accelerate revenue growth for a 5th consecutive quarter when reporting 2Q results in early August.” Jefferies reiterates Amazon as buy Jefferies raised its price target on Amazon to $265 per share from $255. “We see resilient revs and potential margin upside in Q2.” Jefferies reiterates Meta as buy Jefferies raised its price target on the stock to $845 per share from $790. ” META connects 3.5B+ people around the world to 10MM+ advertisers with best-in-class data and targeting capabilities delivering high-quality and relevant advertising to a loyal user base.” Guggenheim upgrades Commvault Systems to buy Guggenheim said it sees a slew of positive catalysts ahead for the data protection company. “Off the back of more positive checks and what we believe are sustainable secular tailwinds in data protection, we are upgrading CVLT shares to Buy from Neutral and introducing a $210 price target representing approximately 20% upside potential.” Citi initiates NovaGold as buy Citi said it’s bullish on the precious metals company. “We initiate coverage on Novagold ( NG) with a Buy (High-Risk) rating and $7/sh price target.” UBS initiates Motorola Solutions as buy UBS said the stock is compelling. “We initiate coverage of Motorola Solutions with a Buy rating and $490 price target (18% upside potential).” Cantor Fitzgerald reiterates Microsoft as overweight Cantor said its bullish on the stock ahead of earnings on July 30. “We are raising our PT to $581 (from $512), or 12.5x C26 revenue which is a premium to MSFT one-year NTM [next twelve months] average given recent acceleration in Azure and Microsoft’s positioning as a leading agentic AI platform with checks indicating positive momentum to continue in 2HC25.” JPMorgan upgrades GDS Holdings to overweight from neutral JPMorgan said in its upgrade of GDS that the data center company is a beneficiary of Nvidia’s H20 chip resuming shipments into China. “NVDA’s announcement yesterday that it will seek to resume shipments of H20 into China should be a big positive for the China AI DC [data center] pipeline. Wells Fargo reiterates JPMorgan as overweight Wells raised its price target on JPMorgan Chase to $325 per share from $320 following earnings on Tuesday. “We raise ests and PT (to $325) on this best-in-class bank. 1) Strong qtr w/core EPS beat by 10% given cap mkts, credit, com’l, consumer; 2) Actions speak—buybacks remain at $7B;” Read more. Wells Fargo reiterates Citi as overweight Wells raised its price target on the stock to $115 per share from $110 following earnings on Tuesday. “Citi’s path from value destruction to value creation in 2026 becomes even more clear post-2Q25 given strong revenue growth (+8% YoY), op leverage (expenses up only 2%), and resiliency in the midst of volatility (strong trading, network benefits).” Citi initiates QXO as buy Citi said the building products company has a differentiated offering. “We initiate on QXO with a Buy rating and $33 target price as we see a unique opportunity to roll-up the highly fragmented Building Products distribution market.” Citi initiates Wave Life Sciences as buy Citi said it’s bullish on shares of the biotech company. “We initiate coverage of WVE with a $16/shr TP and a Buy/High Risk rating.” JPMorgan reiterates Roblox as overweight JPMorgan raised its price target on the stock to $125 per share from $120. ” Roblox platform engagement continues to inflect higher.” Needham initiates Karooooo as buy Needham said the software company is well positioned. “We are initiating coverage of Karooooo Ltd. with a Buy rating and $60 price target.” Citi adds Carnival to the focus list Citi named the cruise company to the focus list and says the stock has more room to run. “We are swapping out RCL for CCL on the Citi Focus List. While RCL has established itself as best in class (and then some), investors can’t help but seek out names with similar exposure to the cruise industry phenomenon but earlier along the valuation realization curve. We believe that CCL nicely fits that description, and while the stock has had a nice run, it is still -40% vs. 2019.” Bank of America upgrades Rockwell Automation to buy from neutral The firm said the turnaround is working for the industrial automation company. “We upgrad e ROK shares to Buy from Neutral. ROK is starting to see the impact of its operational turnaround strategy.” Bank of America downgrades Centene to underperform from neutral Bank of America said “legislative reforms weigh down growth” for the insurer. “We are downgrading Centene to Underperform from Neutral and lowering our PO to $30 (7.5x our new 2026E EPS) from $52 due to slowing end markets in Medicaid (54% of revenue) and ACA exchanges (23% of revenue) from the recently passed Reconciliation Bill and the increasingly higher likelihood that enhanced exchange subsidies expire at the end of 2025.” Morgan Stanley reinstates AT & T as a top idea The firm said the stock is insulated. “We reinstate OW T as Top Pick. AT & T’s fiber growth and now lower cash taxes relatively insulate it from any potential wireless industry slowdown.” Morgan Stanley reiterates IBM as equal weight Morgan Stanley raised its price target on IBM to $253 per share from $233. “At $283, we believe FCF upside is already priced in, thus we lean tactically cautious into 2Q EPS; though 2Q is unlikely to fully break stock momentum, leaving us EW rated.” Deutsche Bank initiates RBC Bearings as buy The firm said the bearings products company is a share gainer. “So while RBC generates only 36% of its sales from the A & D market, the qualities of the business and the company’s culture —and the output thereof—are more aligned with the highest quality A & D companies in our coverage. This, then, is why we have chosen to initiate coverage on RBC.”
