Here are the biggest calls on Wall Street on Friday:
Citizens says the consumer lending platform is well positioned.
“We initiate coverage of SoFi Technologies with a Market Outperform rating and a $17 price target, implying ~38% upside, supported by SoFi’s growth trajectory, improving profitability profile and undervaluation relative to its earnings potential over time.”
Citi said in its initiation of the stock that it sees “positive AI server demand momentum offset by heightened competition”:
“We initiate coverage on Supermicro with a Neutral/High Risk rating and $39 target price representing ~12% [expected total return]. With 8% of AI server revenue share, Supermicro remains one of the leading players to GPU-as-a-Service cloud providers and enterprises, and we expect Supermicro to continue to benefit from broader secular trends in AI-driven infrastructure.”
UBS upgraded Philip Morris following its latest earnings.
“After another strong quarter (1Q25 EPS was +6% ahead of expectations) and FY25 EPS guidance raise, we are raising our EPS estimates by +3%.”
RBC called the Crest toothpaste maker’s most recent earnings report a “clearing event.”
“In short, we are believers of the PG strategy and believe it has the right management team and capabilities to deal with the complexity and dynamic nature of the environment.”
Key called Lowe’s and Williams-Sonoma “high-quality.”
“Considering the notable pullback in stocks, we are upgrading LOW, WSM, and LZB to Overweight (from Sector Weight) as we see buying opportunities for patient investors for these high-quality businesses.”
HSBC called both companies high-quality with limited impact from tariffs.
“Trane: Upgrade to Buy, [discounted cash flow]-derived [target price] to USD415 (from USD405). Concerns on data center growth provide an attractive entry point to a long-term growth story. ... .Waste Management: Upgrade to Buy, DCF-derived TP to USD265 (from USD210). A defensive stock with >30% EBITDA margins and ROEs, and attractive growth from sustainability investments.”
The bank says the stock is “resilient” but that it’s sticking with a neutral rating.
“Bottom line, Palantir seems very resilient, with the one key risk being that the company is exposed to Fed deal delays that our checks argue are happening today. We remain constructive on Palantir’s fundamentals but are Neutral-rated with the stock still +43% YTD and the multiple at ~123x 2026E FCF.”
Citi says the effect of tariff headwinds has been overblown for the toy company.
“We are upgrading HAS from Neutral to Buy, as Hasbro has been, by far, the biggest positive surprise of the post-Liberation Day environment to date. This has much less to do with the company’s tariff exposure or even its ability to mitigate this exposure, and is more about the underlying momentum of the business, specifically Wizards of the Coast, for which guidance was raised ~25% after just two months.”
JPMorgan raised its price target to $195 per share from $180 following Alphabet earnings on Thursday.
“Against a backdrop of competitive and macro concerns, Google delivered solid 1Q results w/upside in advertising revenue and operating income.”
The firm says both stocks remain top investment ideas.
“Top Picks. While volatility is not likely to go away soon, we remain positive on AVGO and NVDA going into the first quarter [results]. With the stocks having priced in a lot of the risks around China, tariffs, and slower growth, we expect the first quarter will showcase the continued strength of each respective model.”
Morgan Stanley says Intel investors need to be patient following the company’s earnings report on Thursday.
“The clearest sense from the CEO transition is that this is going to take time.”
Bank of America says “global demand trends remain solid” for Skechers.
“We reiterate our Buy rating; although the current tariff structure poses near-term margin challenges, we think the brand’s value proposition will help drive share gains and think sourcing and pricing mitigation strategies will ease the tariff impact in 4Q and beyond.”
The investment bank lowered its price target on Nike to $80 per share from $90 but said tariffs are manageable.
“Under the current scenario, we think tariffs are manageable, and weakening demand for U.S. brands in China is priced in.”
The firm says it’s sticking with the stock as a top pick but lowered its price target on Nvidia to $160 per share from $162.
“The idea that we are in a digestion phase for AI is laughable given the obvious need for more inference chips which is driving a wave of very strong demand — though near term #s are capped by supply/export controls.”
Deutsche Bank is sticking with the dominant e-commerce platform heading in earnings on May 1.
“All in, with so many questions likely still hanging in the balance for the 2H coming out of Amazon’s 1Q earnings, we wouldn’t be surprised if AMZN shares are somewhat range-bound in the medium term.”
Cantor says it’s sticking with the investment thesis behind Tesla shares.
“While we expect some near-term headwinds due to macro conditions, tariffs, Mr. Musk’s polarizing politics and likely removal of EV Tax Credit, our long-term bullish thesis remains intact.”
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