Here are Friday's biggest analyst calls: Nvidia, Dell, Costco, Amazon, Alphabet, Snowflake, Xpeng & more
Analysts issued multiple Wall Street calls after recent earnings and coverage initiations. Susquehanna upgraded Dell to positive, citing sustainable 8–10% operating margins and 6% FCF margins, supporting a 3x EV/sales view. RBC initiated Viper Energy at $58/share Outperform; Roth initiated Ouster at $75 Buy. HSBC upgraded Snowflake to Buy; JPMorgan downgraded Gap to neutral. Truist raised Amazon to $320 and Alphabet to $430.
Analyst reiteration supports bullish positioning, but no new company-specific datapoint beyond the call.
JPMorgan reiterates Nvidia as overweight, citing continued long-term positive fundamental trends.
Mild upward bias; limited incremental catalyst versus existing positioning.
Background
CNBC compiles Friday’s biggest Wall Street analyst actions, including upgrades/downgrades and new coverage following recent earnings for several companies.
Why it matters
The actionable element is the combination of (1) post-earnings analyst stance changes (DELL, S, GAP, COST, SNOW, BBY, FRT, AWK) and (2) new initiations with explicit targets (VNOM, OUST, CLVT, MCHB, WTTR, AUR).
Market relevance
Multiple upgrades and initiations create near-term sentiment catalysts, while the Gap downgrade is the clearest negative offset.
Market effects
Broad read-through to tech/AI infrastructure (NVDA, SNOW), cybersecurity (S), and China EV demand expectations (XPEV).
Regional bank coverage (MCHB) and defensive utilities (AWK) can influence sentiment within their sub-groups.
China EV and cross-border biotech regulatory tone (XPEV, CRL) can affect global risk appetite for growth/EM-exposed names.
Alternative perspectives
Analyst calls may be incremental versus already-priced post-earnings moves; targets can lag actual execution and macro/AI sentiment swings.
For post-earnings upgrades/downgrades, traders should check whether the market already reacted earlier in the week; for initiations, liquidity/consensus positioning may matter more than the thesis.
Key entities
- analyst_firmSusquehanna
Upgraded Dell to positive after earnings, arguing for a valuation rerating based on margin/FCF sustainability.
- analyst_firmBank of America
Upgraded SentinelOne to buy and reiterated Dell/Costco; also initiated Select Water Solutions.
- analyst_firmJPMorgan
Downgraded Gap to neutral after earnings and reiterated Nvidia as overweight.
- analyst_firmHSBC
Upgraded Snowflake to buy from hold after earnings.
