Friday’s Biggest Analyst Calls of the Day: Netflix, Tesla, Nike, Meta, Disney, Ferrari and More

Here are Friday’s biggest calls on Wall Street:

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Evercore ISI Maintains Buy Rating on Meta
Evercore ISI sees an appealing buying opportunity for Meta amid recent market volatility triggered by government actions. The firm views the stock, trading at $603 or 20 times its projected 2026 earnings, as an attractive entry point.

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Jefferies Reaffirms Buy on Nike
Jefferies believes Nike is in the midst of a recovery, emphasizing its dominance as the top brand in a growing sector. The firm highlights that the stock’s valuation remains at decade-low levels, encouraging investors to “Just Buy It.”

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Needham Stands by Robinhood as a Buy
Needham continues to back Robinhood, citing the company’s expansion into prediction markets as a growth driver. The firm estimates that this segment could generate $100 million in annual revenue by 2025, with a roughly 50% incremental EBITDA margin, factoring in promotional spending.

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BTIG Initiates Coverage on Super Group Limited with a Buy Rating
BTIG launched coverage on gambling company Super Group Limited, giving it a Buy rating and setting a $9 price target, indicating confidence in its potential upside.

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Goldman Sachs Begins Coverage on Sphere with a Buy Rating
Goldman Sachs initiated coverage on Sphere Entertainment, a Las Vegas-based entertainment company, assigning a Buy rating with a 12-month price target of $42. The firm sees a potential return of 24%.

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Barclays Upgrades Ferrari to Overweight from Equal Weight
Barclays upgraded Ferrari, calling it a “safe haven” investment. The firm pointed to the company’s recent reaffirmation of guidance, which underscores its resilience amid uncertainty in the European automotive sector. Following a 20% pullback in its stock price, Barclays sees an appealing buying opportunity.

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Goldman Sachs Upgrades Tanger to Buy from Neutral
Goldman Sachs sees strong potential for Tanger, a real estate investment trust, expecting it to exceed expectations. The firm forecasts a steady 6.5% annual growth in funds from operations per share from 2025 to 2027.

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Jefferies Upgrades Applied Materials to Buy from Hold
Jefferies upgraded Applied Materials, highlighting its leadership position in the semiconductor sector. The firm notes that the company has the lowest exposure to China among major U.S. semiconductor firms, making it less vulnerable to geopolitical risks. Additionally, it could benefit from U.S. efforts to nationalize semiconductor supply chains.

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Wells Fargo Downgrades Bausch + Lomb to Equal Weight from Overweight
Wells Fargo downgraded Bausch + Lomb due to uncertainty stemming from the recall of its enVista cataract removal product. The firm expects the recall to negatively impact sales growth, earnings, and investor sentiment in the near term.

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Morgan Stanley Names Cadence a Top Pick
Morgan Stanley sees Cadence Design Systems as a high-growth opportunity. The firm highlights its strong operating leverage, recurring revenue model, and a record-high backlog, which position the company for continued expansion.

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BMO Upgrades Check Point Software to Outperform from Market Perform
BMO upgraded Check Point Software, citing confidence in its ability to sustain growth. The firm attributes this outlook to increased investments in key areas, a change in leadership, and an attractive valuation.

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Bank of America Maintains Buy Rating on Disney
Bank of America remains bullish on Disney, acknowledging macroeconomic uncertainty but noting that it has not observed fundamental weaknesses in the company’s operations.

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JPMorgan Reiterates Overweight Rating on Netflix
JPMorgan continues to favor Netflix, citing industry checks that suggest the streaming giant is looking to expand its involvement in major live events. The firm noted Netflix’s interest in high-profile events like the Tyson-Paul fight or the Tom Brady roast, with potential for such programming to become a regular feature, including in international markets.

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Bank of America Upgrades Beam Therapeutics to Buy from Neutral
Bank of America upgraded Beam Therapeutics, emphasizing its unique gene-editing platform. The firm highlighted its focus on treating rare diseases and cancers through base-editing technology, which targets markets with significant unmet medical needs.

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Raymond James Downgrades Lululemon to Market Perform from Outperform
Raymond James lowered its rating on Lululemon following its earnings report. The downgrade reflects concerns over slowing growth, as the company’s first-quarter and full-year guidance came in below expectations.

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Deutsche Bank Maintains Buy Rating on Tesla, Lowers Price Target
Deutsche Bank remains positive on Tesla but cut its price target from $420 to $345 per share. The firm attributes the stock’s recent struggles to weaker vehicle deliveries, a broader decline in growth stocks, and political or policy-related uncertainties. However, Deutsche Bank noted that Tesla’s innovations, such as robotaxis and humanoid robots, are unlikely to develop in a linear fashion, suggesting long-term potential remains.

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