This week, Wall Street analysts have made significant Buy and Sell recommendations. Here are the top 5 Buy calls and the top 5 Sell calls for the week of May 12-16.
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Top 5 Buy Calls:
1. Wolfe upgrades Pinterest to Outperform due to reasonable valuation
Wolfe Research has upgraded Pinterest (PINS) from Peer Perform to Outperform, setting a price target of $40. Their analysis indicates that recent earnings and guidance highlight the platform’s strong fundamentals. With the trade deal between the U.S. and China, they believe the overall economic impact has lessened, making the current valuation seem favorable.
2. Wells upgrades Cisco to Overweight based on AI order momentum
Wells Fargo has moved Cisco (CSCO) from Equal Weight to Overweight, increasing its price target from $72 to $75. The firm’s upgrade is bolstered by significant growth in Cisco’s orders from major hyperscalers and their strong positioning in the AI market, suggesting this will lead to improved earnings.
3. Argus upgrades Wayfair to Buy due to anticipated market share growth
Argus has upgraded Wayfair (W) from Hold to Buy, establishing a target price of $40. The firm notes that many homeowners, hesitant to buy new homes, are instead upgrading furniture, likely benefiting Wayfair’s market position through increased online purchases.
4. Monness Crespi upgrades Coinbase, citing conservative Q2 guidance
Monness Crespi upgraded Coinbase (COIN) from Neutral to Buy, setting a price target of $300. The firm argues that Coinbase’s Q2 revenue guidance appears conservative, given the strength in digital assets like Ethereum and Solana, which should enhance their earnings from blockchain activities.
5. Oppenheimer upgrades Charter to Outperform, highlighting the Cox deal
Oppenheimer upgraded Charter (CHTR) to Outperform, raising its price target to $500 following Charter’s acquisition of Cox Communications for $34.5 billion. The firm sees this as highly beneficial for Charter’s balance sheet and projects noteworthy free cash flow improvements by 2027.
Top 5 Sell Calls:
1. Target downgraded to Underperform at Bernstein
Bernstein has downgraded Target (TGT) from Market Perform to Underperform, now with a target price of $82, previously $97. The firm highlights unfavorable credit card data and a series of challenges that could prompt Target to revise its annual earnings guidance downward.
2. Loop Capital downgrades Wayfair to Sell amid tariff concerns
Loop Capital downgraded Wayfair to Sell from Hold, focusing on uncertainty around tariffs affecting their business. They believe the recent stock surge after tariff reductions does not mitigate ongoing tariff-related risks.
3. DA Davidson downgrades CoreWeave to Underperform, citing scaling issues
DA Davidson has downgraded CoreWeave (CRWV) from Neutral to Underperform, maintaining a target price of $36. Their findings suggest that CoreWeave may not sustain growth given low returns on assets coupled with high borrowing costs.
4. Barclays downgrades Enphase Energy to Underweight due to tax credit concerns
Barclays has downgraded Enphase Energy (ENPH) to Underweight from Overweight, reducing its price target from $51 to $40. Concerns over the potential repeal of solar tax credits are forecasted to hurt Enphase’s market position.
5. Northland downgrades SolarEdge to Underperform amid volatility in macro conditions
Northland has downgraded SolarEdge (SEDG) from Market Perform to Underperform, holding steady at a price target of $15.50. They cited that while the stock has gained recently, uncertainties in tax policy remain, justifying their downgrade.
