Here are Friday’s biggest calls on Wall Street: Oppenheimer reiterates Coinbase as outperform Oppenheimer said investors should buy the dip in Coinbase following a series of negative reports a bout the company on Thursday. “COIN was down 7.2% on 5/15 after the close vs. up 0.4% for the S & P 500. It was a bad day for COIN, hit by both the cyberattack announcement and the opportunistic report suggesting SEC is investigating COIN on verified users metric.” Wolfe reiterates Netflix as outperform Wolfe raised its price target to $1,340 per share from $1,130 on Netflix following the company’s Upfront presentation. “On Thursday, May 15th, Netflix leaders gathered for an informal Q & A with Wall Street. While the company did not provide material updates, we heard interesting perspectives that add conviction to our long-term forecasts and Outperform rating.” Citi reiterates Birkenstock as buy Citi called Birkenstock a winner following the shoe company’s earnings report. “With visibility into strong sales/EPS growth for the remainder of F25, we view BIRK as one of the winners in retail.” Wedbush reiterates Apple as outperform Wedbush said it’s bullish on Apple iPhone production in India. “We believe that Apple could ramp iPhone assembly production in India up to 60%-65% by the Fall in a best case scenario but could easily pivot back to a China driven iPhone strategy depending on the tariff situation and deal negotiations.” HSBC upgrades Carnival to hold from reduce HSBC upgraded the Carnival on valuation. “The key concerns in our previous bear case have been addressed, both as the group has deleveraged over time and via its initiatives to cut costs and seek higher return opportunities.” JPMorgan upgrades Pentair to overweight from neutral JPMorgan said the water company has an “undemanding valuation.” “On the back of this, we are upgrading PNR to Overweight (from Neutral), as we see volume expectations for 2H (down 6%+) as likely too conservative, and also see price actions sticking in their channel which should combine to support upside to guide, all combined with an undemanding valuation on FCF.” Barclays reiterates Advanced Micro Devices as buy The firm raised its price target on the stock to $130 per share from $110. “AMD is gaining share in PC and Server with a call option on AI if the MI [machine learning] platform can succeed.” Loop reiterates Meta as buy Loop raised its price target on the stock to $888 from $695. “We continue to see Meta as the best non-hardware example of tangible, right-now beneficiary of AI and think the stock will outperform the ‘mag-7’ peer group this year.” Citi reiterates Dell as buy Citi raised its price target on Dell to $128 per share from $105 ahead of earnings later this month. “The company’s lean inventory, just-in-time manufacturing, and diversification in supply chain to Mexico and other regions suggest they should be able to adapt to the changing dynamics more rapidly than their peers.” UBS upgrades Caterpillar to neutral from sell UBS upgraded the stock on trade progress negotiations. “We upgrade CAT, URI, and TEX to Neutral, from Sell, following the better than expected progress and outcomes of trade discussions with China and legislative discussions.” Morgan Stanley reiterates Boeing as equal weight Morgan Stanley raised its price target on the stock to $200 per share from $185. “Momentum behind BA’s stock is driven by recent large aircraft orders and improved execution as deliveries ramp. BA has clearly benefitted from President Trump’s negotiations on trade and economic investment in the US.” UBS upgrades Vulcan Materials and Martin Marietta to buy from neutral The firm said the building materials companies are “resilient in a slower industrial economy.” “We upgrade MLM & VMC to Buy from Neutral, to reflect continued above-market growth from both price and volume in what may be an extended period of industrial softness, and more confidence in margins due to price-cost dynamics and execution.” Piper Sandler reiterates Robinhood as overweight Piper said the stock trading company is the best way to play crypto. “We view HOOD as the most attractive risk/reward way to play the crypto bull run.” Wedbush reiterates Nvidia as outperform Wedbush said supply chain checks shows that Nvidia’s Blackwell chip continues to ramp up. “We believe Nvidia Blackwell builds continue to ramp: Our recent conversations, hyperscale reports, and CoreWeave’s update all point to strength in forward capex.”
