Wednesday’s Biggest Analyst Calls: Apple, Amazon, Netflix, Deere, Dell, 3M, Applovin, Block

Here are Wednesday’s biggest calls on Wall Street:

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Bank of America Reaffirms Netflix as a Buy
Bank of America maintained its bullish stance on Netflix following the company’s latest earnings release. The firm believes the streaming giant will continue to gain momentum through growing subscriber numbers and rising profits, driven by its expanding advertising and live-content opportunities.

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Wells Fargo Launches Coverage on Affirm, Mastercard, Visa, and Toast
Wells Fargo initiated coverage on several payment and fintech names, pointing to long-term growth catalysts in the space. “The payments landscape has been challenging, but we see strong upside in what we’re calling the ‘Fab 5 of Fintech’: Adyen, Affirm, Mastercard, Toast, and Visa,” analysts said. “Each benefits from enduring secular trends and solid competitive positioning.”

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Piper Sandler Starts Dell with Overweight Rating
Piper Sandler described Dell’s growth prospects as “robust,” citing multiple tailwinds ahead.
The firm expects Dell to be a major beneficiary of a coming enterprise data center refresh in 2026, the expansion of AI infrastructure, and the transition from Windows 10, as nearly half of systems still need upgrading.

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Deutsche Bank Begins Coverage of AppLovin with a Buy
Deutsche Bank expressed confidence in AppLovin, noting its dominance in mobile advertising. The firm highlighted that AppLovin controls roughly 80% of the supply side and over 55% of the demand side in the mobile game user-acquisition market.

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Jefferies Initiates Klaviyo as a Buy
Jefferies began coverage on marketing automation platform Klaviyo with a Buy rating and a $32 price target. Analysts expect its revenue growth to remain durable through at least 2028.

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RBC Starts Deere with Outperform Rating
RBC launched coverage on Deere & Company, citing the firm’s strong industry position and strategic leverage. The firm assigned a $542 price target, expecting continued performance strength in agricultural and industrial machinery.

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Wolfe Research Upgrades Flywire to Outperform
Wolfe Research upgraded Flywire, pointing to multiple upcoming catalysts. The firm noted solid execution, accelerated 2026 investments, and a conservative outlook that provides room for upside.

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Evercore ISI Adds Texas Instruments to Tactical Outperform List
Evercore advised investors to “buy the dip” after Texas Instruments’ post-earnings selloff, noting shares dropped 9% following weaker guidance for the December quarter.

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Wells Fargo Initiates Block as Overweight
Wells Fargo sees further upside for Block, citing improved execution in both its Square and Cash App businesses. The firm expects gross payment volume to accelerate in the second half of the year.

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Morgan Stanley Upgrades 3M to Equal Weight
Morgan Stanley became more optimistic on 3M, upgrading the stock to Equal Weight from Underweight. Analysts said that after a period of weakness, the company’s fundamentals are improving, valuation has normalized, and signs of operational recovery are emerging.

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RBC Begins Coverage on United Rentals with Outperform Rating
RBC initiated coverage on United Rentals with an Outperform rating and a $1,152 price target, citing strong fundamentals and growth opportunities in the equipment rental sector.

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Morgan Stanley Upgrades Hyatt to Overweight
Morgan Stanley raised Hyatt to Overweight, recommending investors “buy the dip.” The firm cited Hyatt’s pivot toward an asset-light model as a key driver for renewed growth potential and alpha generation, targeting a $168 price point.

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Wolfe Research Upgrades Kinetic to Outperform
Wolfe Research turned bullish on Kinetic, calling the oil and gas firm a potential acquisition target. Despite past setbacks, the analysts said its 8.5% yield and long-term growth story make it a compelling value opportunity.

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HSBC Upgrades Halliburton to Buy
HSBC upgraded Halliburton, calling it a “unique play” tied to data center demand. The bank raised its price target from $23 to $30, reflecting improved earnings prospects and valuation.

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BTIG Initiates Duke Energy as a Buy
BTIG began coverage on Duke Energy with a Buy rating and a $150 price target, highlighting attractive valuation and strong long-term fundamentals.

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Bank of America Reiterates Amazon as a Buy
Bank of America reaffirmed its Buy rating on Amazon ahead of earnings, emphasizing the company’s leadership in both e-commerce and cloud computing.
The firm expects Amazon’s scale, fulfillment network, and technology investments to drive continued margin and market share expansion.

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Bernstein Starts U.S. Foods as Outperform
Bernstein sees meaningful upside for U.S. Foods, noting its ability to sustainably expand margins and grow faster than the overall market by two to three times.

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Morgan Stanley Reiterates Apple as Overweight
Morgan Stanley remains bullish on Apple heading into earnings season, believing the tech giant will outperform elevated investor expectations for the September and December quarters.

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Needham Initiates First Solar as a Buy
Needham began coverage on First Solar with a Buy rating and a $286 price target, calling the company a clear leader in the solar industry.

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Bank of America Upgrades Wex to Buy
Bank of America upgraded payments firm Wex from Neutral to Buy, citing an improving growth trajectory and attractive valuation as signs that the company is “turning the corner.”

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JPMorgan Downgrades HP to Neutral
JPMorgan shifted HP from Overweight to Neutral, warning that the company faces a tougher environment as it exits a favorable part of its product and cost cycle.

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Citi Upgrades BioAge Labs to Buy
Citi turned positive on BioAge Labs, citing promising developments related to its obesity drug program. Analysts see upcoming clinical results as potential stock-moving catalysts and believe the company’s current valuation offers a favorable risk-reward setup.

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Stifel Initiates SkyWater Technologies as a Buy
Stifel began coverage on SkyWater Technologies, highlighting its position as the largest U.S.-owned semiconductor foundry specializing in mature process technologies an increasingly vital niche within the chip industry.

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