Wall Street Analysts Issue Major Stock Calls

Morgan Stanley reiterated its overweight rating on SpaceX, stating the stock is 'getting cheaper.' The firm noted nearly doubled 2027 revenue and EBIT estimates, with FCF break-even projected four years earlier. It also mentioned that SpaceX trades cheaper than the S&P 500.

Citi upgraded Coupang to buy, citing likely sequential improvement in adjusted EBITDA, reduced earnings headwinds in 2027, and a low EV-to-GMV ratio suggesting the share price is near its floor value.

Guggenheim initiated coverage of Lockheed Martin with a buy rating and a $735 price target, representing 15% upside potential. The firm highlighted long-term growth drivers for the company.

Rosenblatt upgraded Navitas Semiconductor to buy following strong earnings, noting the company's high-power strategy reached an inflection point with accelerating growth and a book-to-bill ratio above 1.0.

Barclays reiterates Advanced Micro Devices as overweight, stating the CPU and GPU businesses are accelerating in tandem. The firm remains its favorite idea in the group.

Wolfe upgraded MSG Knickerbockers to outperform, citing improved financials that increase the likelihood of a potential take-private deal. The firm noted cash levels are dwindling and a premium-priced sale is likely.

Wolfe initiated MSG Rangers as outperform, stating the odds of a take-private are higher than ever. The firm noted the Rangers burn cash and have little debt capacity, making an equity transaction likely.

Truist upgraded Edwards Lifesciences to buy, citing growth potential and the likelihood of maintaining or expanding its premium valuation as estimates rise.

Evercore reiterates Apple as outperform, emphasizing the company's defensive appeal through iPhone mix/pricing and Services, with resilient demand and gross-margin recovery as key factors.

Citi downgraded Adobe to sell, citing downside risks to growth estimates into FY27. The firm noted too many negative catalysts affecting the stock.

Morgan Stanley downgraded Flagstar to underweight, stating the turnaround is delayed. Higher rates are expected to further cut 2027 guidance, with a reduced price target and lower target multiple.

Wells Fargo initiated On Holding as overweight, noting the company is best positioned for growth and navigating category disruption well.

Deutsche Bank reiterates CoreWeave as buy, lowering its price target to $125 due to higher near-term financing costs, while maintaining confidence in the company's fundamentals.

Cantor Fitzgerald upgraded Ouster to overweight, viewing the stock as a good entry point after a significant decline. The firm introduced a $45 price target.

Cantor Fitzgerald initiated Netskope as overweight, citing potential for a rerating and a $28 price target based on 15.0x EV/FY27E revenue.

Jefferies initiated Core & Main as buy, noting the water distributor has upside potential with a $53 price target. The firm highlighted durable revenue streams from municipal and repair-and-replace services.

Northland upgraded Astera Labs to outperform, citing a strong quarter and raised guidance.

Oppenheimer upgraded Transcat to outperform, noting margin expansion and earnings revisions due to stronger organic service growth.