Here are Friday's biggest calls on Wall Street: JPMorgan upgrades Riot Platforms to overweight from neutral JPMorgan said the bitcoin miner has the "best value." "RIOT is the rare bitcoin miner with installed scale, a clear path to hashrate expansion, cheap power contracts, capital and HPC [high performance computing] optionality." Bernstein reiterates Oracle as outperform Bernstein raised its price target on the stock to $364 per share from $363. "After updating our long view estimates to incorporate management's guidance, we expect Oracle's growth to accelerate for the next few years;" Deutsche Bank reiterates Tesla as buy Deutsche raised its price target on the stock to $435 per share from $345 on Tesla. "Ahead of 3Q25 deliveries next week, we raise our near-term estimates given stronger volume in the quarter but keep our full-year and 2026 outlook mostly unchanged." Rosenblatt upgrades Ciena to buy from neutral Rosenblatt called the data networking company "exceptionally good." "We are upgrading CIEN to Buy on the Scale Across opportunity to network multiple AI Data Centers into clusters." Evercore ISI reiterates Apple as outperform Evercore raised its price target on Apple and says it sees more upside. "We think Apple's core strength remains concentrated in the Pro tiers, while the iPhone 17 appears to have exceeded initial expectations. Maintaining OP but raising our target to $290 (from $260)." Wells Fargo reiterates CoreWeave as overweight Wells said the stock remains well positioned. "While the future state of AI remains uncertain, we believe CRWV is set to benefit in the near term as the leading 'pick-and-shovel' infrastructure play, while demand continues to outpace supply." Morgan Stanley names Microsoft a a top pick The firm raised its price target to $625 per share from $582. "Confidence in a path to shedding those weights and a broadening set of growth drivers elevates MSFT to Top Pick." Read more. Goldman Sachs reiterates Nike as buy Goldman said it's standing by the stock ahead of earnings on September 30. " NKE remains one of the most heavily debated stocks in our coverage universe. Into F1Q, we expect a modest revenue and EPS beat, but believe investor focus will remain firmly centered on NKE's forward-looking commentary." UBS reiterates Costco as buy UBS said it's sticking with the stock following earnings on Thursday. " COST continues to stand in a class of its own." JPMorgan initiates Valmont as overweight JPMorgan said it's bullish on shares of the ag infrastructure company. "We initiate coverage of Valmont Industries with an Overweight rating and a $480 price target, representing ~31% potential upside." JPMorgan initiates Rollins as overweight JPMorgan called the pest control company a compounder. "We initiate coverage of Rollins (ROL) with an Overweight rating and a $70 Dec 2026 price target, implying ~24% upside from current levels." Guggenheim initiates Paycom as buy Guggenheim said investors should buy the weakness in the software company. "We are initiating coverage of Paycom Software, Inc. (PAYC) with a Buy rating and price target of $270, approximately 24% above the current share price." Rothschild & Co Redburn upgrades Kenvue to buy from neutral The firm said investors should buy the dip in the consumer health company. "Following its pullback, Kenvue's discount to our sum of the parts has widened to over 40%. With the board undertaking a strategic review and activist investors owning c2.4% of Kenvue shares, we see a clear path to value creation." KeyBanc downgrades Warner Bros Discovery to sector weight from overweight KeyBanc said shares of the media company are overvalued. "We downgrade WBD to SW. WBD achieved our PT, and with the reports on a potential takeover, we feel the stock's valuation has gotten ahead of the fundamentals." JPMorgan initiates Mirion Technologies as overweight JPMorgan said it's bullish on the radiation technology company. ":We initiate coverage of Mirion Technologies (MIR) with an Overweight rating and a Dec 2026 price target of $28, implying ~31% upside from current levels." JPMorgan adds Home Depot to the focus list JPMorgan said it sees "multiple expansion" for Home Depot shares. "We are adding Overweight-rated HD to JPM's Analyst Focus list as a Growth idea with the rising prospect of positive revisions fueling further multiple expansion." Bank of America upgrades Macerich to buy from neutral The firm said shares of the real estate investment trust have more room to run. " MAC's Path Forward restructuring plan is underway, which intends to reposition its mall portfolio, de-lever its balance sheet, and deliver outsized NOI [net operating income] growth."
