Here are Friday's biggest calls on Wall Street: Evercore ISI reiterates Nvidia as outperform Evercore ISI raised its price target to $214 per share from $190 ahead of the artificial intelligence chipmaker's earnings next week. "We are buyers of NVDA in front of its Jul-25Q earnings call scheduled for 27-Aug after the market close. We raise our estimates and price target." Wells Fargo initiates Dorman Products as overweight Wells Fargo said the auto parts aftermarket company is underappreciated and undervalued. "We see DORM as a high- quality/defensive operator, and believe its unique growth engine (innovation, etc.) offers a compelling way to play the attractive/non-discretionary automotive aftermarket." Barclays upgrades Ulta Beauty to overweight from equal weight Barclays says it likes the manner in which the company's new CEO is executing strategy. "We upgrade to Overweight from Equal Weight based on: 1) return to sustainable positive comps and margin expansion; 2) promotional improvement; 3) ULTA x Target exit optimizing retail distribution points." Read more. Loop upgrades Esab to buy from hold Loop says buy the dip in the welding solutions company. "We are upgrading shares of ESAB to 'Buy' and raising our target price to $140 per share (+$10). We believe the recent retrenchment in the shares is overblown and presents an opportunity." Barclays downgrades Gap to equal weight from overweight Barclays says it sees tariff pressures on the clothing retailer. "We are downgrading shares of GAP from Overweight to Equal Weight as we now believe that our previous blue-sky scenario for double-digit operating margins by FY26 is off the table — diminished by tariff margin pressure and macro uncertainty." Stifel initiates Netgear at buy Stifel says the computer networking company is a turnaround stock. "We believe Netgear is entering its second wave of transformation, positioning the company to deliver sustainable revenue growth and enhanced profitability through disciplined portfolio management across its business units." JPMorgan reiterates Microsoft as overweight JPMorgan says it is sticking with the Windows and Xbox parent. " MSFT (Azure accelerates another 4 pts to 39% growth, non-AI Enterprise remains strong, demand > supply)." Jefferies upgrades Miniso to buy from hold Jefferies says the China global retailer is well positioned for growth. "For Miniso overseas, sales growth driver will come from 1) 500+ new store opening[s] with store opening in the U.S. more concentrated e.g. it recently opened 3 stores in Austin. 2) Focus on festival period and 4Q high season." Bank of America reiterates Honeywell as buy Bank of America says the building control stock is undervalued. " HON's more defensive portfolio is well-suited to the current macro environment and the company is trading at a discounted valuation versus peers." Piper Sandler reiterates Broadcom as overweight Piper Sandler raised its price target on the semiconductor stock to $315 per share from $300. "We are bullish on the prospects for AVGO going into the coming October quarter around both the core semiconductor business and the infrastructure software segments." Evercore ISI reiterates Apple as outperform Evercore ISI says it likes Apple's price hikes on Apple TV+. "We think the Apple TV+ price increases could help modestly on services growth, but the real intent is to minimize churn. Services remain on track for double digit growth (provided Licensing relationship stays intact). Maintain OP and $250 price target." Bank of America reiterates Walmart as buy Bank of America says the nation's largest retailer has a "strong near- and long-term outlook" following its latest earnings. "We reiterate Buy as WMT' s strong value offering & digital convenience should continue driving share gains across incomes & product categories." JPMorgan initiates EHang at overweight JPMorgan says the China eVTOL company is well positioned. "Initiate coverage on EHang, China's leading eVTOL OEM, at OW with a Dec- 26 PT of US$26 (51% potential upside)." Read more. Barclays reiterates Netflix as equal weight The investment bank said it is sticking with an equal weight rating on Netflix , arguing that video streaming is near a saturation point. "Despite significant headline global household [total addressable market], streaming unit growth is likely to slow across the industry and penetration opportunities may not be evenly distributed." Wolfe upgrades Roblox to outperform from peer perform Wolfe says Roblox is "benefiting from platform flywheel effects — search & discovery improvements, faster content velocity, pricing optimizations." "We are upgrading RBLX to Outperform rating with a $150 PT and raising our FY'26 Bookings and EBITDA ests. by 7% and 13%, respectively, driven by incremental contributions from Regional Pricing + Advertising opportunities." Guggenheim downgrades Paramount Skydance to neutral from buy Guggenheim downgraded the media company, citing valuation. "We are lowering our rating on Paramount Skydance to NEUTRAL from BUY and removing our 12-month price target of $13 following a significant run in the stock."
