Wall Street Analysts Issue Multiple Upgrades and Downgrades for Key Companies

Multiple Wall Street firms issued various upgrades, reiterations, and initiations on several companies, impacting their stock ratings and price targets. Key analyst actions include: Morgan Stanley upgraded Datadog to Overweight from Equal Weight. The firm cited robust growth trends for Datadog, anticipating sustained growth through 2027 driven by digital transformation, cloud migration, and emerging opportunities in monitoring agentic applications. Wells Fargo upgraded ConocoPhillips to Overweight from Equal Weight, raising its price target to $132. The upgrade was based on compelling valuation and an increased dividend growth assumption within its dividend discount model. Bernstein upgraded Liberty Formula One (FWONK) to Outperform from Market Perform, advising investors to consider buying during a dip. The firm expects multiple avenues for upward estimate revisions in the current year due to favorable deal-making. Bernstein reiterated Nvidia (NVDA) and Broadcom (AVGO) as top picks. The firm stated that AI spending shows no signs of slowing, and valuations appear attractive with a clear upward bias in financial figures. Barclays upgraded Amphenol (APH) to Overweight from Equal Weight, with a new price target of $156. This was driven by strong tailwinds from Amphenol's content in data center AI architectures, the Connectivity and Cable Solutions (CCS) acquisition tracking ahead of guidance, and content gains across other end markets. Bank of America reiterated Apple (AAPL) as a Buy ahead of its F1Q26 earnings. The firm projects upside to Street estimates due to continued strong iPhone sales and double-digit growth in Services revenue. HSBC initiated Netflix (NFLX) with a Buy rating and a $107.00 target price, viewing the recent share price pullback as an opportunity. Morgan Stanley initiated Medline (MDLN) with an Overweight rating, identifying the medical distributor as a share gainer well-positioned to continue taking share in core divisions and acting as a partner for cost reduction in the healthcare system. Citi reiterated General Motors (GM) as a Buy, increasing its price target to $98 from $86. This adjustment reflects a forward-looking perspective towards 2026-2027 results. Citi upgraded Zoom (ZM) to a Buy from Neutral/High Risk, noting the "undemanding valuation." The firm believes a clearer growth catalyst can now drive sustainable 5%+ top-line growth. Citi upgraded Palantir (PLTR) to Buy/High-Risk from Neutral, raising estimates and its target price to $235. The firm anticipates a "supercycle" for Palantir in 2026, citing spectacular returns, vicious growth acceleration, and impressive margin expansion. Susquehanna upgraded Applied Materials (AMAT) to Positive from Neutral, expecting the company to benefit from higher wafer fab equipment spending. UBS upgraded Vista Energy to Buy from Neutral, raising its price target to US$65/sh from US$50/sh. The positive outlook is supported by strong projected production growth in the coming years and a discounted valuation. Goldman Sachs assumed coverage on Microsoft (MSFT) with a Buy rating and a 12-month price target of $655, up from $630. The firm considers Microsoft one of the best secular growth stories in technology. B. Riley upgraded Airbnb (ABNB) to Buy from Neutral, increasing its price target from $140 to $170. This reflects an attractive valuation, prospects for sustained healthy growth and margin expansion, and potential upside in a stable travel demand environment. Morgan Stanley upgraded Akamai (AKAM) to Overweight from Underweight, believing the stock is approaching an inflection point as Akamai evolves from a content delivery provider to a cloud infrastructure and security platform. Bank of America upgraded Comcast (CMCSA) to Buy from Neutral, with a $37 price objective from $31. The firm suggests strategic action for NBCU is necessary post-Versant spin and recent deals, also noting the critical nature of its sports rights. Wells Fargo reiterated Tesla (TSLA) as Underweight, raising its price target to $130 per share from $120. The firm maintains a negative outlook for Tesla in 2026, questioning the safety of Tesla's vision-only approach for robotaxis despite its valuation implying robotaxi domination. Bank of America reiterated Roku (ROKU) as a Buy, increasing its price target to $140 per share from $115. The firm commended Roku's transformation, diversifying its revenue base and reducing overreliance on Media & Entertainment. Wells Fargo reiterated Amazon (AMZN) as Overweight, raising its price target to $301 per share from $295. The firm expects positive 2026 AWS revisions, fueled by a doubling of compute capacity through 2027, making Amazon a top Internet pick for 2026. Wells Fargo reiterated Meta (META) as Overweight, though lowering its price target to $795 per share from $802. The firm anticipates 4Q earnings and the 2026 outlook will solidify confidence in $31-$32 EPS for 2026, noting expected higher Street CapEx. Wells Fargo reiterated Alphabet (GOOGL) as Equal Weight, raising its price target to $350 per share from $268. The firm believes the upcoming format transition to conversational search introduces significant uncertainty and potential disruption, which could drive headwinds to medium-term search growth. Barclays downgraded Snowflake (SNOW) to Equal Weight from Overweight, primarily due to valuation. The firm noted a higher valuation level, increased investor expectations, and heightened competition for new workloads as creating an unfavorable setup. Baird upgraded Pool Corp (POOL) to Outperform from Neutral, with a new $320 price target. Despite uncertainty in discretionary recovery timing, the firm believes competitive fears are overblown and valuation is now too attractive to ignore. Morgan Stanley upgraded Appian (APPN) to Overweight from Equal Weight, citing an attractive risk/reward profile. The firm noted Appian shares trading at approximately 3x CY27 sales, coupled with prospects of durable mid-teens growth from a strong government business in 2026 and AI subscription tier upgrades, alongside ongoing operating margin improvements. UBS initiated Andersen Group with a Buy rating and a $28 price target. The firm believes the market is underestimating the impact of revenue growth, future productivity, and the growing international opportunity. Citi opened a positive catalyst watch on ServiceNow (NOW), anticipating a strong upcoming quarter due to a potential modest budget flush. Early checks also indicated a robust close and stronger pipelines into FY26.