Bank of America has identified a slate of stocks that are poised for significant gains heading into summer. The firm’s analysts have raised their price targets on companies like Nvidia, Philip Morris, Boot Barn, Amazon, and Netflix, citing strong earnings momentum, positive subscriber trends, and defensive rotation related to tariffs.
Nvidia, the graphics processing unit (GPU) manufacturer, remains Bank of America’s top pick, with a price target of $180 per share. Analysts expect the company to benefit from the ongoing AI trend, driven by its multi-year lead in performance and pipeline.
Amazon is also expected to see significant growth, thanks to its expanding use of robotics, which will help improve margins and reduce delivery times. Analyst Justin Post recently lifted his price target on the e-commerce giant to $248 per share from $230.
Boot Barn, a Western-themed footwear company, has seen broad-based acceleration in comp trends across major merchandise categories and geographies. Analyst Christopher Nardone raised his price target on the stock to $192 per share from $173, citing the company’s multi-year growth story and favorable pricing environment.
Philip Morris International, Inc. (PMI) has been a top performer in the US market this year, driven by execution and improving profitability in smoke-free products. Analysts expect the company to navigate external volatility effectively due to its defensive nature.
Netflix is firing on all cylinders, with analysts raising their price target to $1,490 per share from $1,175. The streaming giant’s unmatched scale in streaming, further runway for subscriber growth, and significant opportunities in advertising and sports/live make it well-positioned for continued earnings and free cash flow growth.
These stocks are expected to see further gains as the company ramps up its advertising technology, which should help improve the bottom line.
Source: https://www.cnbc.com/2025/06/07/bank-of-america-says-buy-these-five-stocks-that-are-set-to-rally.html