Here are the biggest calls on Wall Street This Week:
Alphabet
Phillip Capital upgrades Alphabet to buy from accumulate
The firm said it’s “constructive” on the stock. “Despite the near-term earnings revisions, we remain constructive on GOOGL’s long-term outlook.”
Goldman Sachs Trims Alphabet Price Target to $435 amid Normalizing Growth in Its Search Business
Goldman Sachs expects Google's (GOOGL) growth in search and other businesses to gradually slow to a more normal level, currently estimating capital expenditures of approximately $205 billion and $350 billion in 2026 and 2027, respectively.
Goldman Sachs reiterated its "buy" rating on Google, but lowered its target price from $440 to $435.
SK Hynix
CLSA Maintains High-Conviction Outperform Rating on SK Hynix
CLSA said SK Hynix shares have already priced in concerns over AI capex sustainability, peak memory pricing, and rising competition from Chinese suppliers. The firm maintained its High-Conviction Outperform rating, expecting memory supply to remain tight through 2027 due to advanced-node complexity, lengthy fab ramp-ups, and robust data center demand. CLSA added that growing AI model complexity should continue to drive demand for high-end memory products.
UBS initiates coverage on SK Hynix with a Buy rating, advising investors to buy the stock on dips
“We initiate coverage on SK Hynix - ADR (SKHY) with a Buy rating and PT of US$204, complementing our coverage of the local listing.”
Bank of America retains a Buy rating on Microsoft
“The key takeaway from 2Q results is increasing validation of Microsoft’s AI strategy. Revenue grew 17% YoY in constant currency and EPS reached $4.74, ahead of Street expectations of 14.8% and $4.25, respectively.”
Mizuho raises Bloom Energy from Neutral to Outperform
“We upgrade Bloom Energy to Outperform following a strong quarter, with revenue and shipments above expectations, operating leverage materializing earlier than anticipated, and an attractive valuation following the recent pullback.”
Citi Raises Ford Price Target to $20, Upgrades Rating to Buy
Citi raised its price target on Ford Motor to $20 from $19 and upgraded the stock to Buy from Neutral, citing improving F-Series pickup production, declining warranty costs, and a more stable aluminum supply, all of which are expected to support stronger earnings.
Wolfe reiterates SpaceX as outperform
Wolfe said it’s sticking with SpaceX and that it’s bullish on the recent Starship flight test. “Launching from Starbase, Texas, the Super Heavy booster successfully separated from Starship ~2 minutes into the flight, and made a controlled splashdown in the Gulf [though at an overclocked speed with fewer engines firing on descent].”
Bernstein reiterates Nvidia as outperform
Bernstein said it’s sticking with Nvidia. “The datacenter opportunity is enormous, and still early, with material upside still possible.”
UBS Initiates Intuitive Surgical with Buy Rating, Sets $500 Price Target
UBS initiated coverage of Intuitive Surgical with a "buy" rating and a target price of $500, believing that investors' concerns about automation risks, hospital capital expenditures, and market saturation are excessive.
Bank of America Lifts Honeywell Price Target to $265, Upgrades Rating to Neutral
Bank of America Securities upgraded Honeywell's rating from "underperform" to "neutral" and raised its price target from $205 to $265. The bank noted that the company's execution has improved significantly, and order growth has accelerated across the board, greatly boosting market confidence in its growth prospects for the second half of the year.
Goldman Sachs Cuts IBM Price Target to $270, Expects Range-Bound Stock Performance
Goldman Sachs issued a report expecting IBM's stock price to remain range-bound after the company lowered its 2026 guidance, as the downward revision may be slightly smaller than anticipated, and the stock has already significantly underperformed the market following the negative forecast on July 14.
The bank believes that IBM's downward outlook reflects a continued re-prioritization of customer demand towards short-term server and hardware purchases, as rising memory and component prices put pressure on demand for mainframe hardware and transaction processing.
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