Here are Friday's biggest analyst calls: Nvidia, Dell, Costco, Amazon, Alphabet, Snowflake, Xpeng & more
📈 Susquehanna upgrades Dell to positive from neutral, citing a compelling case for multiple rerating to 3x EV/sales based on sustainable margin profiles.
💎 RBC initiates Viper Energy as outperform with a $58 price target, highlighting the company's scale and Permian focus advantages.
🛡️ Bank of America upgrades SentinelOne to buy from neutral, viewing the recent after-hours decline as an attractive entry point following an in-line quarter.
🤖 Macquarie upgrades XPeng to outperform from neutral, noting volume growth in China and optionality from investments in humanoids and robotaxi.
👔 JPMorgan downgrades Gap to neutral from overweight due to a mixed portfolio of results with Athleta challenges offsetting Gap brand strength.
🏢 Deutsche Bank upgrades Federal Realty to buy from hold, convinced the REIT will return to superior growth via internal/external expansion and efficient capital recycling.
☁️ HSBC upgrades Snowflake to buy from hold following earnings, driven by stronger momentum, improved AI monetization visibility, and confidence in Cortex Code.
🔭 Roth initiates Ouster as buy with a $75 price target, seeing revenue growth potential for the lidar technology company.
🧬 CLSA upgrades Charles River to outperform from hold, citing a constructive regulatory tone in China and the US as hidden tailwinds for cross-border biotech BD.
🎮 JPMorgan reiterates Nvidia as overweight, expecting long-term positive fundamental trends to continue for the chipmaker.
💊 Canaccord initiates Claritev as buy with a $32 price target, stating the digital health tech company is on a return to growth trajectory.
📺 UBS downgrades Best Buy to neutral from buy, noting that while Q1 was good, the risk/reward profile is now more balanced over the near-term.
💧 UBS upgrades American Water Works to buy from neutral due to declining regulatory overhang and recent stock underperformance.
🏦 Raymond James initiates Mechanics Bancorp as outperform with a $17 price target, praising its low-risk balance sheet and West Coast regional focus.
💻 Bank of America reiterates Dell as buy following earnings, calling the report "best in class execution" with historic beats and continued momentum.
🛒 Bank of America reiterates Costco as buy, describing it as a "steady Eddie" whose value philosophy supports continued share gains across categories.
📦 Truist raises price targets on Amazon to $320 and Alphabet to $430, increasing estimates for Google Cloud/AWS revenue and Capex above consensus.
💧 Bank of America initiates Select Water Solutions as buy with a $22 price target, viewing the oil and gas water solutions business as best positioned.
🚛 Northland initiates Aurora Innovation as buy, noting the autonomous trucking company is leading with 200 superhuman drivers and unlimited demand potential.
- Susquehanna upgraded Dell to positive from neutral, citing a compelling case for multiple rerating to 3x EV/sales based on confidence in sustainable 8–10% operating margins and 6% FCF margins.
- HSBC upgraded Snowflake to buy from hold following earnings, driven by stronger earnings momentum, improved AI monetisation visibility, and greater confidence that CoCo can improve long-term growth trajectory.
- Truist raised its price target on Alphabet (Google) to $430 per share from $415, with estimates for Google Cloud revenue and Capex above consensus.
- Truist also raised its price target on Amazon to $320 per share from $310, noting that consensus is underestimating revenue growth and Capex for FY27.
- Macquarie upgraded XPeng to outperform from neutral, highlighting volume growth in China EVs and optionality from future investments in humanoids and robotaxi.
- Bank of America reiterated Dell as buy following a historic beat and raise, with momentum continuing in the second half and fiscal year 2027.
- Roth initiated Ouster as buy with a $75 price target, seeing revenue growth for the lidar technology company.
- CLSA upgraded Charles River to outperform from hold, driven by a more constructive regulatory tone in China and the US toward cross-border biotech business development.
- JPMorgan downgraded Gap to neutral from overweight, citing mixed portfolio results where Athleta's ongoing challenges offset strength in the Gap brand.
- UBS downgraded Best Buy to neutral from buy, stating that risk/reward is more balanced following earnings rather than purely positive.
- Truist noted that consensus revenue estimates for Google Cloud are below what they should be, suggesting potential underestimation of growth or current performance issues.
- Deutsche Bank mentioned that Federal Realty may face earnings drag associated with leasing office space within its mixed-use development projects.
