Friday’s Biggest Analyst Calls: Nvidia, Apple, Dell, Tesla, Netflix, Microsoft, Snowflake, Chipotle, Micron & More

Here are Friday’s biggest calls on Wall Street:

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Stephens Starts Coverage of Snowflake with an Overweight Rating
Stephens initiated coverage on Snowflake with a positive outlook, labeling the company as top-tier in its sector. The firm noted that Snowflake's long-term growth prospects, previously centered around replacing older database systems, are now being enhanced by faster innovation and the launch of new products. These new offerings target sizable markets that haven’t yet made a meaningful impact on the company’s growth, according to the analysts.

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Evercore ISI Upgrades Citizens Financial Group to Outperform
Evercore ISI upgraded Citizens Financial Group (CFG) from “In Line” to “Outperform,” citing an improved investment case following its latest earnings report. The firm anticipates ongoing improvement in CFG’s earnings and long-term returns thanks to strengthening balance sheet trends, better-than-expected net interest margins, rising fee income, and operating leverage.

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Mizuho Maintains Buy Rating on Micron
Mizuho reiterated its buy rating on Micron, recommending that investors take advantage of the recent price dip. The firm believes multiple positive catalysts lie ahead, making the current weakness a buying opportunity.

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Bank of America Reiterates Buy Rating on Alphabet and Boosts Price Target
Bank of America remains bullish on Alphabet, increasing its price target to $210 per share ahead of the tech giant’s July 23 earnings report. Analysts at the bank expect Alphabet’s second-quarter results to exceed Wall Street’s expectations.

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Citi Lowers Barclays to Neutral from Buy
Citigroup downgraded Barclays to a “Neutral” rating, stating that after a 125% rise in share price since late 2023, the stock's risk-reward profile has become more balanced. Citi acknowledges that Barclays is on track to hit a return on tangible equity (RoTE) of over 12%, but the upside potential may now be limited.

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Rosenblatt Initiates SentinelOne with a Buy Rating
Cybersecurity firm SentinelOne was initiated as a “Buy” by Rosenblatt, which described the company as significantly undervalued. The firm set a $24 price target for the stock.

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Morgan Stanley Reaffirms Overweight Rating on Netflix, Raises Price Target
Morgan Stanley lifted its price target for Netflix from $1,450 to $1,500, reiterating its bullish stance. The firm highlighted that new advertising technologies could potentially double Netflix’s ad revenue in 2025. It also noted the company’s early use of generative AI tools as another long-term strength.

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Deutsche Bank Maintains Buy on Microsoft, Boosts Price Target
Deutsche Bank raised its target for Microsoft shares to $550 from $500, maintaining a “Buy” rating. The analysts pointed to Microsoft’s strong performance following impressive Azure results earlier this year and anticipate a solid fourth-quarter earnings report on July 30.

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Jefferies Upgrades Abbott Laboratories to Buy
Jefferies upgraded Abbott Laboratories to a “Buy” from “Hold,” arguing that the negative market reaction to the company’s recent guidance was overdone. They see the stock’s pullback as a buying opportunity.

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KeyBanc Upgrades Materion Corporation to Overweight
KeyBanc Capital Markets upgraded Materion Corporation from “Sector Weight” to “Overweight,” citing an attractive risk-reward setup. The firm issued a $112 price target, suggesting more than 20% potential upside.

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Deutsche Bank Adds DuPont as a Catalyst Call Buy
Ahead of its August earnings release, Deutsche Bank placed DuPont on its Catalyst Call Buy list. The firm expects the upcoming report to boost the stock, particularly as it will be the final earnings release before DuPont spins off its electronics unit (Qnity) on November 1.

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JPMorgan Reaffirms Nvidia as Overweight
Nvidia remains one of JPMorgan’s top picks, with analysts confident in the company’s ability to capitalize on strong demand for AI and accelerated computing. They also noted that Nvidia is well-positioned to navigate potential macroeconomic challenges, including trade and tariff issues. The firm sees a potential 13–15% boost to earnings per share estimates if shipments to China resume.

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JPMorgan Also Reiterates Roku as Overweight
JPMorgan maintained its “Overweight” rating on Roku and increased its price target to $100 from $85. Analysts expect a strong second quarter, pointing to stable ad spending and reduced tariff-related headwinds from China.

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BMO Upgrades Chipotle to Outperform
BMO Capital Markets upgraded Chipotle to “Outperform” from “Market Perform,” stating that the restaurant chain is positioned for accelerated comparable sales and margin improvements in the second half of 2025. The firm also praised the company’s largely U.S.-focused growth strategy, which it believes has room to expand by up to 10% annually.

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Evercore ISI Reaffirms Outperform Rating on Apple
Evercore ISI reiterated its “Outperform” rating on Apple ahead of its July 31 earnings report. The firm expects stronger-than-anticipated iPhone demand during the June quarter, with investors likely focused on growth in services and gross margins.

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Bank of America Reiterates Buy on Dell, Ups Price Target
Bank of America raised its price target for Dell to $165 from $155, saying the company is likely to benefit from the long-term expansion of enterprise and sovereign AI infrastructure over the coming decade.

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Deutsche Bank Reaffirms Tesla as Buy
Lastly, Deutsche Bank stuck with its “Buy” rating on Tesla, citing confidence in the company’s future as a tech platform leader. Analysts emphasized Tesla’s potential in autonomous driving and humanoid robotics, with the July 23 earnings release as the next key milestone.