Here are Friday’s biggest calls on Wall Street: Evercore ISI reiterates Meta as buy Evercore ISI said it sees an attractive entry point for the stock. “Recent government-driven volatility has created several very intriguing entry/adding points among Tech/Internet stocks. We believe that META @ $603 or 20X 2026 P/E is absolutely one of those.” Jefferies reiterates Nike as buy Jefferies said the stock is in the middle of a comeback. ” Nike remains the #1 brand in a growing category, with valuation at decade-old levels. So, Just Buy It.” Needham reiterates Robinhood as buy Needham said the company’s entry into prediction markets has upside. ” Robinhood rolled out a broader prediction markets offering. We estimate $100M annual revenue in 2025 at a ~50% incremental EBITDA margin, below other products given typical promotional spending attributed.” BTIG initiates Super Group Limited as buy The firm said shares of the gambling company have upside potential. “We’re launching coverage of Super Group Limited (SGHC) with a Buy rating and $9 price target.” Goldman Sachs initiates Sphere as buy Goldman Sachs said it is bullish on shares of the Las Vegas entertainment company. “We initiate on Sphere Entertainment (SPHR) with a Buy rating and a $42 price target (12-month), representing 24% potential return.” Barclays upgrades Ferrari to overweight from equal weight Barclays said Ferrari is a “safe haven.” “Yesterday’s guidance confirmation underscores unique (relative) safe-haven status and is a strong sign of confidence amid great uncertainty in EU Autos, while the recent 20% correction offers good entry point in this context.” Goldman Sachs upgrades Tanger to buy from neutral Goldman Sachs said the real estate investment trust is well positioned. “On a company-specific basis, we believe SKT can continue to surprise to the upside and generate consistent FFO/ [funds from operations] share growth of 6.5% during each of 2025-2027.” Jefferies upgrades Applied Materials to buy from hold Jefferies said in its upgrade of Applied Materials that the semis company has “share leadership.” “Lowest China exposure among the big three US Semi Caps suggesting smallest headwind from China roll off. Potential beneficiary of US semiconductor nationalization trends; customers look to move supply chains to the US.” Wells Fargo downgrades Bausch + Lomb to equal weight from overweight The firm downgraded the eye company following a recall of its cataract removal product, enVista. “We are moving to the sideline on BLCO following enVista recall due to near-term uncertainty that we expect to weigh on sales growth/earnings as well as investor sentiment.” Morgan Stanley names Cadence a top pick The firm said the computer software company is a high growth story. “We prefer CDNS as a solid operating leverage story, with high recurring revenues and a record backlog positioning the company for higher growth.” BMO upgrades Check Point Software to outperform from market perform BMO said the software company’s valuation is attractive. “We upgrade CHKP to Outperform given increased confidence in durable growth, driven by investment in key areas, new leadership, and a reasonable valuation.” Bank of America reiterates Disney as buy Bank of America is standing by shares of Disney. “While recent macro uncertainty adds risks, we do not see signs of underlying fundamentals coming under pressure.” JPMorgan reiterates Netflix as overweight JPMorgan said its checks show that Netflix wants more involvement in “big events.” “Multiple channel checks suggested that Netflix is interested in more big events or stunts (a la Tyson-Paul or Brady roast), including for international regions, with a quarterly or even monthly cadence.” Bank of America upgrades Beam Therapeutics to buy from neutral Bank of America said the biotech company has a “differentiated gene editing platform.” ” BEAM targets rare diseases and cancers utilizing its base editing technology platform in markets with significant unmet need and commercial potential.” Raymond James downgrades Lululemon to market perform from outperform The firm downgraded the stock following earnings citing slowing growth. “We lower LULU to Market Perform from Outperform after F4Q24 expectations but F1Q25 and FY25 guidance were set below expectations.” Deutsche Bank reiterates Tesla as buy The firm lowered its price target on the stock to $345 per share from $420. “Our view is that Tesla’s stock has been under pressure recently driven by much weaker auto volumes, broader de-rating in growth assets and to some extent, political/policy uncertainty. As we have seen over the years, rarely anything at Tesla happens in a straight line and we would not expect robotaxi or humanoid to be linear.”
