Friday’s Biggest Analyst Calls: Nvidia, Apple, Netflix, Meta, Dell, Caterpillar, Amd, Coinbase, Boeing & More

Here are Friday’s biggest calls on Wall Street:

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Oppenheimer Maintains Outperform Rating on Coinbase
Oppenheimer remains optimistic about Coinbase despite the recent slump in its share price. The firm suggests investors should take advantage of the dip, which followed reports that cast the company in a negative light. On May 15, Coinbase shares fell 7.2% after hours, while the S&P 500 edged up 0.4%. The stock was impacted by news of a cyberattack and a report alleging that the SEC is investigating Coinbase’s user verification practices. Despite the bad press, Oppenheimer sees the selloff as a buying opportunity.

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Wolfe Reaffirms Outperform Rating on Netflix, Hikes Price Target
Wolfe Research increased its price target for Netflix from $1,130 to $1,340 per share following the company’s recent Upfront event. Although Netflix did not announce any major updates during the informal Q&A with Wall Street, Wolfe analysts came away with greater confidence in their long-term projections and Outperform rating, citing positive management commentary and strategic direction.

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Citi Reiterates Buy on Birkenstock After Earnings
Citi praised Birkenstock's latest earnings performance, reaffirming its Buy rating on the stock. The investment firm highlighted the company’s strong momentum in both revenue and earnings growth, positioning it as one of the standout performers in the retail sector for the remainder of fiscal year 2025.

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Wedbush Maintains Outperform on Apple, Bullish on India Production
Wedbush remains upbeat on Apple’s prospects, particularly regarding the company’s shift in iPhone production to India. Analysts believe Apple could ramp up Indian assembly to as much as 60%–65% by this fall. However, they also note Apple may still revert to a China-centric production model, depending on the outcome of tariff negotiations and global trade discussions.

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HSBC Upgrades Carnival to Hold on Valuation Improvements
HSBC has upgraded its stance on cruise line operator Carnival from Reduce to Hold. The firm pointed to Carnival’s efforts to cut costs and deleverage, which have addressed key concerns cited in its earlier bearish outlook. These strategic improvements contributed to the upgrade.

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JPMorgan Upgrades Pentair to Overweight
JPMorgan upgraded Pentair shares to Overweight from Neutral, citing an attractive valuation and what it sees as overly cautious volume forecasts for the second half of the year. The bank believes pricing trends remain strong and could lead to better-than-expected financial results.

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Barclays Keeps Buy Rating on AMD, Raises Price Target
Barclays maintained its Buy rating on Advanced Micro Devices (AMD) and raised its price target to $130 from $110. The firm noted that AMD continues to gain market share in both PCs and servers and could see further upside if its machine learning platform gains traction in the artificial intelligence (AI) space.

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Loop Capital Maintains Buy on Meta, Boosts Price Target
Loop Capital reiterated its Buy rating on Meta Platforms and increased its price target from $695 to $888. Analysts view Meta as a leading AI beneficiary outside the hardware sector and believe the company is well-positioned to outperform its peers in the “Magnificent 7” group of mega-cap tech stocks.

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Citi Reaffirms Buy on Dell Ahead of Earnings
Citi continues to recommend Dell as a Buy and raised its price target to $128 from $105. The firm is optimistic about Dell’s efficient inventory management, flexible supply chain—particularly its diversification into Mexico—and its ability to adjust quickly to market shifts.

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UBS Upgrades Caterpillar to Neutral on Trade Developments
UBS upgraded Caterpillar from Sell to Neutral, citing better-than-anticipated progress in U.S.-China trade negotiations and favorable legislative discussions. The improved outlook also led UBS to upgrade United Rentals and Terex, seeing a more constructive environment for industrials.

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Morgan Stanley Lifts Boeing Price Target, Keeps Equal Weight
Morgan Stanley raised its price target on Boeing from $185 to $200 while maintaining an Equal Weight rating. The firm pointed to growing momentum driven by major aircraft orders and improved execution as the company scales up deliveries. Boeing’s performance has also benefited from U.S. economic policies and trade agreements.

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UBS Upgrades Vulcan Materials and Martin Marietta to Buy
UBS upgraded both Vulcan Materials and Martin Marietta from Neutral to Buy. The firm cited continued above-market growth in pricing and volume, even amid a sluggish industrial backdrop. Strong cost management and solid margins due to favorable price-to-cost dynamics supported the call.

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Piper Sandler Maintains Overweight on Robinhood, Bullish on Crypto Exposure
Piper Sandler reaffirmed its Overweight rating on Robinhood, calling it the most compelling way to gain exposure to a potential crypto market surge. The firm views the trading platform’s risk-reward profile as particularly attractive in a rising crypto environment.

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Wedbush Reiterates Outperform on Nvidia as Blackwell Chip Ramps
Wedbush remains bullish on Nvidia, noting positive signs from supply chain checks. According to the firm, conversations with industry insiders, updates from CoreWeave, and hyperscaler feedback all point to continued momentum for Nvidia’s Blackwell chip, signaling strong forward capital expenditures.

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