Friday's Biggest Analyst Calls: Nvidia, Amazon, Boeing, Nike, Disney, Coreweave & More

Here are Friday’s biggest calls on Wall Street:

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Rothschild & Co. Redburn Upgrades Boeing to Buy

Rothschild & Co. Redburn has shifted its outlook on Boeing, upgrading the aerospace giant from a neutral rating to a buy. The firm believes the company is starting to show real improvement in its overall health and performance. Reflecting this confidence, Redburn increased its price target for Boeing shares from $180 to $275, indicating significant upside potential.

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‍Canaccord Lowers Rating on Uber to Hold

Canaccord downgraded Uber Technologies from a buy to a hold following a change in analyst coverage. The firm expressed caution over the uncertain future of autonomous vehicles. While the potential remains for Uber to thrive in a hybrid model of human and robotic networks, Canaccord noted another plausible outcome where a few dominant autonomous vehicle giants take control of the entire value chain, leaving companies like Uber and Lyft outpaced by innovation.

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Goldman Sachs Upgrades Franklin Resources to Buy

Goldman Sachs raised its rating on Franklin Resources from neutral to buy, citing solid positioning in the investment management space. The firm set a 12-month price target of $29 for the stock, representing a potential gain of over 25% from current levels.

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Citizens Boosts Alphabet to Outperform

Citizens Financial upgraded Alphabet from market perform to outperform, stating that artificial intelligence remains a positive catalyst. The firm set a $220 price target, arguing that while AI tools like ChatGPT haven’t significantly diverted search traffic away from Google, they are expanding the scope of what search engines can do. This evolution enhances monetization potential as AI increasingly aligns with user intent.

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Piper Sandler Names Meta a Top Pick

Meta Platforms has been designated a new top investment idea by Piper Sandler, which also increased its price target to $808 from $650. Piper pointed to Meta’s more than $14 billion investment in Scale AI as a strong signal of the company's commitment to seizing opportunities in the AI sector.

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Baird Downgrades Bank of America and JPMorgan

Baird issued downgrades on two major banks, lowering Bank of America from outperform to neutral and JPMorgan from neutral to underperform. The firm warned that the current risk-reward profile for these stocks doesn’t look compelling. While acknowledging that JPMorgan stands out in its sector and that deregulation benefits the big banks, Baird believes Bank of America is fairly valued and JPMorgan could face slight downside given its high valuation.

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Deutsche Bank Starts A10 Networks With Buy Rating

Deutsche Bank initiated coverage on A10 Networks, a cybersecurity and networking firm, with a buy rating. It cited artificial intelligence as a strong tailwind that could benefit the company moving forward. The bank issued a price target of $22.

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Evercore ISI Upgrades Trade Desk to Outperform

Evercore ISI raised its rating on Trade Desk from in-line to outperform. The firm encouraged investors to consider the recent pullback in the stock—down more than 40% year-to-date—as a good entry point into one of the most consistently high-performing names in the online advertising space.

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Bank of America Reaffirms Buy Rating on Disney

Bank of America reiterated its buy rating on Disney, expressing optimism ahead of the company's August earnings report. The firm maintained a $140 price objective and highlighted several near-term catalysts: a potential turnaround in its direct-to-consumer (DTC) segment, renewed growth in its theme parks, and a robust slate of upcoming films that could energize multiple areas of the business.

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JPMorgan Maintains Amazon as a Top Pick

JPMorgan reiterated its overweight rating on Amazon, calling it their “Best Idea.” The firm projected a price target of $240 for December 2025, based on 32.5 times its estimated 2026 free cash flow of $75 billion. JPMorgan believes Amazon’s retail margins still offer significant upside.

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HSBC Upgrades Nike to Buy

Following its latest earnings report, HSBC upgraded Nike from neutral to buy. The firm sees Nike in the midst of a turnaround, particularly as inventory issues are being resolved and the brand’s lineup becomes more appealing. HSBC also praised the company’s new leadership for its focus on quality over shortcuts.

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UBS Reiterates Nvidia as a Buy

UBS continued its bullish stance on Nvidia, citing recent survey data that underscores Nvidia’s leadership in the AI race. In a fresh round of research, UBS surveyed IT executives from 128 organizations and found growing demand across the AI landscape—from chips to cloud infrastructure and security—where Nvidia remains central.

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Bank of America Downgrades Molson Coors to Neutral

Bank of America cut its rating on Molson Coors from buy to neutral, citing concerns that the company has yet to stabilize its sales volume. It also lowered the price target from $65 to $50, aligning its valuation more closely with other companies in the packaged food industry that face similar growth challenges.

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Barclays Maintains Equal Weight on CoreWeave

Barclays reaffirmed its equal weight rating on CoreWeave but expressed optimism around reports that it might acquire Core Scientific. Such a deal could enhance vertical integration within the company’s operations.

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Bank of America Maintains Buy on Spotify

Bank of America reiterated its buy rating on Spotify and raised its price target from $700 to $900. The firm praised Spotify as a leading player in the growing streaming music market, supported by global music appeal, increasing smartphone usage, and additional growth potential from podcasting and its Two-Sided Marketplace model.

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Monness Crespi Hardt Upgrades Elastic to Buy

Finally, Monness Crespi Hardt upgraded Elastic from neutral to buy. The firm noted that Elastic’s current valuation is significantly below peers in the software sector. They see the stock as undervalued, particularly given its potential to benefit from the generative AI trend.

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