Here are Thursday’s biggest calls on Wall Street:
Morgan Stanley reiterates Broadcom as overweight
Morgan Stanley raised its price target on Broadcom to $502 per share from $485 following earnings.
“Very strong results amid even higher expectations - but the growth trend remains very strong. PT up to $502, reiterate OW.”
Macquarie downgrades Broadcom to neutral from outperform
The firm downgraded the stock following earnings due to concerns about Alphabet insourcing.
“Broadcom was previously the only vendor in Google’s supply chain. However, Google is now working with MediaTek and developing in-house capabilities.”
Morgan Stanley reiterates CrowdStrike as overweight
Morgan Stanley raised its price target on the stock to $690 per share from $610.
“CRWD’s FQ1 beat expectations across the board, but the bigger story was $52mm raise to FY27 NNARR [net annual recurring revenue] guidance driven by accelerating AI demand, record pipeline, and broad platform strength.”
Mizuho reiterates Nvidia as outperform
Mizuho said Nvidia is well positioned in the optical networking space.
“We remain bullish on the optical/networking market, seeing continued networking innovations, and continue to see upside in our coverage, including CRDO, LITE and NVDA.”
MoffettNathanson reiterates Apple as neutral
MoffettNathanson said it’s cautious heading into Apple’s Worldwide Developer’s Conference next week.
“The set-up as we head into WWDC 2026 is eerily similar to that of 2024, when optimism about all things AI was (more than) fully priced into Apple’s shares.”
Bank of America reiterates Alphabet as buy
The firm said it’s sticking with Alphabet following its capital raise earlier this week.
“We maintain our Buy rating. The Street expects 2027 capex of $241bn and $16bn in positive FCF, and in our view, additional raise could suggest higher capex in 2026 to meet additional demand, or 2027 capex at $270bn+.”
Wells Fargo reiterates Microsoft as overweight
Wells said it has increased confidence in the stock.
“Building on our Day 1 takes (here), we spent time gathering feedback inc a 20 customer survey. We come away w/ inc confidence around MSFT’s AI platform strategy & note copilot feedback & adoption trends are now moving in a more positive direction.”
Bernstein reiterates Netflix as outperform
Bernstein said the stock is a “durable engine.”
“We believe Netflix can roughly double EPS from ~$3.15 (consensus EPS ex-breakup fee received from WBD) in 2026 to >$6 by 2030.”
Bank of America upgrades UnitedHealth to buy from neutral
The firm said the stock is too attractive to ignore.
“We are upgrading UNH to Buy as improving medical cost trends and supportive near- term data points set up a favorable 2Q earnings setup and attractive risk/reward.”
Citi reiterates Oracle as buy
Citi raised its price target on the stock to $330 per share from $320.
“While investor concerns linger on financing/execution of capacity buildouts, we believe ORCL remains on track to deliver one of the strongest revenue/EPS accelerations in tech as large AI contracts ramp.”
Bernstein initiates TeraWulf and Cipher Digital as outperform
Bernstein said the bitcoin miners are “stand outs.”
“We are initiating coverage on TeraWulf (WULF) and Cipher Digital (CIFR) with an Outperform rating. WULF and CIFR stand out for their active multi-GW power development pipeline, strong order book (~$24Bn) with hyperscaler sponsorship and a capital-light lease model leading to a rapid AI-revenue ramp up.”
Jefferies upgrades RTX to buy from hold
Jefferies said it likes the company’s free-cash flow.
“RTX is home to leading franchises across Aerospace (47% of sales) and Defense (53% of sales), with meaningful growth runway from marquee competitive positions & market growth/budget support.”
Wolfe initiates FedEx Freight as outperform
Wolfe said it sees “material growth.”
“We’re launching coverage of FDX Freight with an Outperform rating following its spin from FDX earlier this week. We expect material EPS growth the next few years with company-specific pricing/margin opportunities and an improving fundamental backdrop for all the LTLs.”
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