Here are Friday's biggest analyst calls: Nvidia, SpaceX, AMD, Broadcom, Warby Parker, Adobe, Kratos & more
A roundup of Wall Street analyst actions: Wolfe initiated SpaceX as outperform; UBS reiterated Broadcom as buy but flagged uncertainty around Google chip upside. TD Cowen reiterated Warby Parker as buy; Bank of America upgraded Williams-Sonoma to buy and initiated Avalo Therapeutics (Buy, $35 PO). Wells Fargo initiated Coca-Cola Europacific Partners (Overweight, $110). Bernstein initiated Celsius and Keurig Dr Pepper (Outperform). Citi upgraded AMD to buy; Roth initiated Fervo Energy (Buy, $45 P
How this was made
The 30-second read
Why it matters
The actionable signal is the set of rating changes and the specific risk/catalyst language (e.g., Adobe CFO departure; Broadcom Google partnership supply/roadmap concerns; AMD GPU upside).
Market read
Traders can use the rating changes as near-term sentiment inputs, but the article does not introduce new company disclosures beyond the analyst theses.
What to watch
For Broadcom, the “Google upside in question” caveat could dominate despite a buy rating; for AMD, the Meta second-source framing may be slower to monetize than CPU demand inflection.
Background
This is a CNBC compilation of Friday’s biggest Wall Street analyst calls (initiations, reiterations, upgrades/downgrades) with brief theses and, in some cases, price targets.
Ticker impact
Oppenheimer reiterates Nvidia as outperform, citing full-stack AI hardware/software and end-to-end rack-scale positioning.
Modest support for sentiment; limited incremental upside unless paired with new data.
The article is a compilation of analyst calls; the only NVDA-specific content is a reiteration with qualitative thesis, not new guidance or filings.
Citi upgrades Advanced Micro Devices to buy from neutral, saying it sees GPU upside and AMD as a second GPU source for Meta.
Likely positive bias for AMD relative performance around the upgrade window.
This is a direct rating change with a concrete GPU read-through (Meta-related second-source framing) provided in the text.
UBS reiterates Broadcom as buy but flags that Google chip partnership upside is “somewhat in question” due to roadmap changes and supply challenges.
Choppy/limited upside; investors may focus on the “in question” supply/roadmap concerns.
The article includes both a reiteration and new negative framing (roadmap changes, supply challenges), but no new deal terms or numbers.
TD Cowen reiterates Warby Parker as buy, pointing to growth in core WRBY business via store expansion and higher awareness around eye exams/insurance.
Mild positive drift if the market is receptive to retail/optical growth and margin category penetration.
The text provides a specific growth/margin penetration rationale, but no new company-specific datapoint (e.g., guidance, results) is disclosed.
Stifel downgrades Adobe to hold from buy, citing too many negative catalysts after earnings and CFO Dan Durn’s departure.
Downward pressure or underperformance risk versus peers until leadership/strategy clarity improves.
This includes a clear rating change and a concrete new risk factor (CFO departure) explicitly tied to post-earnings catalysts.
Wells Fargo initiates Coca-Cola Europacific Partners as overweight, citing pricing power and a “unique profit story” amid a 2027 inflation cycle.
Potential positive bias as investors price in the initiation thesis and target.
This is a fresh initiation with a target, but it’s still analyst framing rather than a new company disclosure.
Bernstein initiates Celsius Holdings as outperform, arguing energy drinks benefit from GLP-1s and fit the trend.
Moderate upside bias if the market trades GLP-1-related consumer demand narratives.
The thesis is plausible but thematic; the article provides no new company data beyond the initiation call.
Bernstein initiates Keurig Dr Pepper as outperform alongside Celsius, citing energy drinks’ fit with GLP-1-driven demand tailwinds.
Mild positive bias; magnitude likely smaller than for a company-specific catalyst.
The article’s KDP content is part of a paired initiation and remains thesis-based without new operational metrics.
Market effects
AI semis (NVDA/AMD) and AI-adjacent GPU narratives get reinforcement; consumer discretionary/retail and defense REIT/defense names see mixed sentiment via upgrades/downgrades.
Primarily US-listed equities sentiment; no explicit macro/regional shock described.
Broadcom’s Google partnership framing links to global AI chip supply/roadmap expectations.
Counterpoint
Analyst reiterations/initiations may be largely sentiment-driven; the only clearly negative catalyst in the text is Adobe’s CFO departure, which may already be partially priced.
Key entities
- analyst_firmOppenheimer
Reiterates Nvidia as outperform with an end-to-end AI rack-scale positioning thesis.
- analyst_firmCiti
Upgrades AMD to buy, citing GPU upside and a second-source GPU narrative tied to Meta.
- analyst_firmStifel
Downgrades Adobe to hold, citing negative post-earnings catalysts and CFO Dan Durn’s departure.
