Wednesday saw a flurry of analyst calls, with major players like Apple, Microsoft, Advanced Micro Devices, and Rivian leading the way. Here are some key takeaways:
* Apple was reiterated as an outperform stock by Daiwa, despite a lowered price target to $230 per share.
* Bank of America reaffirmed its “buy” rating for Advanced Micro Devices, citing multiple growth drivers in the PC, server, high-end gaming, and deep-learning markets.
* Oppenheimer upgraded RingCentral to outperform from perform, praising the company’s defensive positioning.
* Baird increased its target on Monday.com to outperform, seeing opportunities for the project management software company to capitalize on its early lead.
* JPMorgan upgraded Driven Brands to overweight, citing defensive demand in a macro-uncertain environment.
* Barclays raised Archer-Daniels-Midland to equal weight from underweight, driven by improvements in Nutrition and a recovering crush outlook.
* Morgan Stanley retained Home Depot and Lowe’s as overweight, citing compelling cyclical risk/reward profiles.
* Jefferies upgraded Leidos Holdings to buy, based on solid organic growth and the potential for higher Defense Systems growth.
* Loop reaffirmed its “buy” rating for Super Micro, with a lowered price target of $60.
* Stephens increased its target on BellRing Brands to overweight, following strong 3QF25 results.
* Canaccord reconfirmed its “buy” rating for Rivian, despite ongoing earnings revisions.
* Citizens JMP downgraded Snap to market perform from outperform, citing disappointing advertising revenue growth.
* RBC upgraded Hologic to outperform, predicting a sustainable period of mid-single-digit revenue growth and multiple re-rating.
* Bank of America added Progressive to its US1 list, citing strong fundamentals.
Source: https://www.cnbc.com/2025/08/06/top-wall-street-analyst-calls-wednesday-include-apple-microsoft.html