Here are the biggest calls on Wall Street This Week:
Deutsche Bank reiterates Microsoft as buy
Deutsche said Microsoft is underappreciated.
“We are planting our flag and affirming that current AI businesses across the cloud providers we cover are indeed value creative and based on current economics in the market constitute a sustainable commercial foundation.”
Morgan Stanley reiterates Apple as overweight
Morgan Stanley said it sees “earnings upside” for Apple.
“Apple’s 15-25% price hike for Mac, iPad, etc. underscores an unprecedented push to protect margins amidst record memory inflation. Timing/magnitude are pressuring sentiment, but ecosystem lock-in, financing options, and relatively inelastic demand could support revenue and earnings upside.”
Barclays reiterates Apple as underweight
Barclays says it still see too many negative catalysts for Apple.
“We remain UW on AAPL on an uncertain growth backdrop, regulatory risks in Services, undefined AI strategy, and a premium valuation. We do not make changes to our estimates for AAPL.”
Morgan Stanley reiterates Tesla as equal weight
The firm said it expects robust delivery numbers from Tesla next week.
“We are increasing our 2Q Tesla delivery estimates to 413K units, from 373K, supported by stronger regional sales trends.”
Barclays reiterates Tesla as equal weight
Barclays said in its delivery previews note that fundamentals remain an “afterthought
“At this point we believe the stock is being driven almost exclusively by narrative, with hopes for a number of ‘inflection points’ ahead for Tesla in Robotaxi, Optimus, and AI. Conversely, ‘fundamentals’ such as 2Q deliveries and margins are increasingly an afterthought in discussions...in our recent discussions on Tesla, the trajectory of the auto business has received almost no attention.”
Susquehanna initiates SpaceX as neutral
The firm said investors should wait for a better entry point.
“We are initiating coverage of Space Exploration Technologies Corporation (SPCX) with a Neutral rating and price target of $170.”
Bank of America reiterates Micron as buy
The firm says it sees “stronger for longer pricing” following Micron’s earnings report on Wednesday.
“MU delivered another strong quarter, reinforcing our constructive view on memory’s role
in AI and the increasing supply-side discipline supporting a more durable cycle.”
Citi reiterates SanDisk as buy
Citi raised its price target on SanDisk to $2,500 per share from $2,025.
“We open an Upside 90-Day ST View on SNDK shares on favorable industry results/commentary plus forthcoming catalyst of SNDK’s August investor day where we expect to hear updated commentary on demand expectations, technology roadmap and constructive capital returns outlook.”
Goldman Sachs initiates Intel as neutral
Goldman says it sees more compelling opportunities elsewhere.
“We initiate coverage of Intel (INTC) with a Neutral rating and 12-month price target of $150 (~12% upside). We expect Intel to be a beneficiary of rising server demand (driven by agentic AI), and we see upside optionality from Intel’s role as a US champion with its foundry business - with near-term traction in advanced packaging, and longer-term potential in wafer outsourcing.”
UBS reiterates AMD as buy
UBS raised its price target to $670 per share from $470.
“We are incrementally more constructive on AMD as standalone CPU racks gain traction...”
Morgan Stanley reiterates Netflix as overweight
Morgan Stanley says its checks show Netflix engagement remains robust.
“NFLX continues to have the strongest net retention score and is perceived to have the best original content, despite investor concerns over engagement.”
Morgan Stanley upgrades Qualcomm to equal weight from underweight
Morgan Stanley said its thesis was “wrong.”
“We have been wrong to be skeptical. While Qualcomm is a late entrant, a newly emerging trillion dollar data center market creates significant opportunities.”
JPMorgan upgrades IBM to overweight from neutral
JPMorgan said it sees “software acceleration.”
“We are upgrading to Overweight with greater confidence in a 2H′26 CC software acceleration following a deeper look at IBM’s software business.”
BTIG initiates Robinhood as buy
BTIG said the company is “built to compound.”
“We are initiating coverage of Robinhood (HOOD) with a Buy rating and $125 price target.”
Morgan Stanley downgrades Affirm to equal weight from overweight
Morgan Stanley downgraded Affirm mainly on valuation.
“Stepping to the sidelines as the market now appreciates the durability of growth, funding, and credit. Still a compelling long term story, but the thesis resolution and revisions we expected now look more properly priced in the shares.”
Goldman Sachs initiates Twilio as buy
Goldman says it sees margin upside.
“We initiate coverage of Twilio (TWLO) with a Buy rating and a 12-month price target of $300.”
Needham reiterates Reddit as buy
Needham says the company is unique.
“RDDT has a rare competitive position in the marketplace, so it ‘makes its own weather’ (as AAPL would say), and it’s largely immune from the Agentic maelstrom...”
Stifel initiates Blackberry as buy
Stifel says shares are undervalued.
“Despite the +130% YTD move, we believe the market still misdefines BlackBerry. This is no longer an auto-supplier story, but rather a mission-critical software layer in the physical AI stack and a dominant partner to silicon leaders like NVIDIA, Qualcomm, and AMD powering the build-out from cloud to edge, across cars, robots, factories, and medical devices.”
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