Friday’s Biggest Analyst Calls: Apple, Oracle, Nike, Coreweave, Tesla, Microsoft, Costco, Home Depot & More

Here are Friday’s biggest calls on Wall Street:

Here’s a roundup of the most notable analyst calls investors are watching today:

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JPMorgan upgrades Riot Platforms to Overweight from Neutral
JPMorgan boosted its rating on Riot Platforms, calling the bitcoin miner the most compelling value in the sector. “Riot stands out as one of the few miners with both scale and a clear roadmap for hashrate growth. The company also benefits from inexpensive power contracts, strong capital resources, and optional opportunities in high-performance computing (HPC).”

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Bernstein reiterates Oracle as Outperform
Bernstein slightly lifted its price target on Oracle to $364 from $363, maintaining an upbeat outlook. “After updating our long-term projections with management’s guidance, we anticipate Oracle’s growth will accelerate meaningfully over the coming years.”

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Deutsche Bank reiterates Tesla as Buy
Deutsche Bank raised its price target on Tesla to $435 from $345, pointing to near-term momentum. “With third-quarter deliveries due next week, we’ve lifted our short-term estimates thanks to stronger volume. However, our full-year 2025 and 2026 projections remain largely unchanged.”

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Rosenblatt upgrades Ciena to Buy from Neutral
Rosenblatt turned bullish on Ciena, praising its strong market position. “We’re upgrading CIEN to Buy, citing the significant opportunity to connect multiple AI data centers into powerful clusters.”

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Evercore ISI reiterates Apple as Outperform
Evercore raised its target price on Apple, noting continued strength in the iPhone franchise. “We believe Apple’s performance continues to be anchored by the Pro models. Early signs also suggest the iPhone 17 has exceeded expectations. We maintain our Outperform rating but lift our target to $290 from $260.”

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Wells Fargo reiterates CoreWeave as Overweight
Wells Fargo remains positive on CoreWeave, citing strong positioning in AI infrastructure. “Even with uncertainties about AI’s long-term trajectory, we see CRWV as a leading infrastructure play, benefitting as demand continues to surpass supply.”

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Morgan Stanley names Microsoft a Top Pick
Morgan Stanley raised its price target on Microsoft to $625 from $582, highlighting broadening growth drivers. “With confidence in Microsoft’s ability to shed near-term headwinds and diversify its growth streams, we’re elevating MSFT to Top Pick status.”

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Goldman Sachs reiterates Nike as Buy
Goldman Sachs reaffirmed its bullish stance on Nike heading into its September 30 earnings release. “Nike remains one of the most debated names in our coverage. For fiscal Q1, we expect modest beats on revenue and EPS, but the bigger focus for investors will be Nike’s forward-looking guidance.”

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UBS reiterates Costco as Buy
UBS stuck with its positive view on Costco after Thursday’s results. “Costco continues to stand out as a category leader that’s hard to match.”

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JPMorgan initiates Valmont as Overweight
JPMorgan began coverage of Valmont Industries with an optimistic outlook. “We’re starting Valmont with an Overweight rating and a $480 price target, which implies about 31% upside.”

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JPMorgan initiates Rollins as Overweight
The firm also initiated Rollins with a bullish stance, calling it a reliable compounder. “We initiate Rollins (ROL) with an Overweight rating and a $70 December 2026 price target, representing roughly 24% potential upside.”

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Guggenheim initiates Paycom as Buy
Guggenheim said current weakness in Paycom offers a buying opportunity. “We’re launching coverage of Paycom Software (PAYC) with a Buy rating and a $270 target, or about 24% above current levels.”

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Rothschild & Co Redburn upgrades Kenvue to Buy from Neutral
The firm said the recent pullback creates value in Kenvue shares. “After the stock’s decline, Kenvue trades at more than a 40% discount to our sum-of-the-parts valuation. With a strategic review underway and activist investors involved, we see room for meaningful value creation.”

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KeyBanc downgrades Warner Bros. Discovery to Sector Weight from Overweight
KeyBanc lowered its rating, citing valuation concerns. “We’re moving WBD to Sector Weight as the stock has reached our target. With takeover chatter driving shares higher, we believe the valuation has run ahead of fundamentals.”

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JPMorgan initiates Mirion Technologies as Overweight
JPMorgan started coverage of radiation tech company Mirion Technologies with a bullish call. “We initiate Mirion (MIR) at Overweight with a $28 December 2026 target, implying about 31% upside from current levels.”

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JPMorgan adds Home Depot to Analyst Focus List
The bank added Home Depot to its focus list, calling it a strong growth idea. “We’re adding Overweight-rated Home Depot to JPM’s Analyst Focus List, with the expectation that positive revisions could drive further multiple expansion.”

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Bank of America upgrades Macerich to Buy from Neutral
Bank of America turned positive on mall REIT Macerich, citing progress in its restructuring plan. “Macerich’s Path Forward plan is underway, aimed at repositioning its portfolio, reducing leverage, and delivering strong net operating income growth.”

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