Here are the biggest calls on Wall Street on Friday: Bernstein reiterates Coinbase as outperform Bernstein says it's sticking with the stock following earnings as it's too cheap to ignore. " COIN declared Q4 numbers. Q4 revenue missed estimates by 3%, with a 28% miss on adjusted EPS at $0.66." Barclays reiterates Instacart as overweight Barclays says it's sticking with the delivery company after a "rare" beat-and-raise earnings report. "The clean beat-and-raise has been rare this internet earnings cycle and CART stands out from that perspective. Goldman Sachs reiterates Microsoft as buy Goldman said in a note late Thursday night that investors should buy any weakness in Microsoft shares. "We maintain our Buy rating and 12-month price target of $600..." Oppenheimer upgrades International Flavors to outperform from perform Oppenheimer said in its upgrade of International Flavors that it sees "volume-driven growth." "We are upgrading shares to Outperform from Perform, instating a $97 PT, 19% upside from Thursday's (2/12) closing price." Bank of America reiterates Roku as buy Bank of America said there are "one billion reasons" to love the stock following earnings. "In our view, Roku has notable scope to keep expanding its top and bottom line and should benefit from several favorable industry trends along with company-specific actions. These include 1) growth in CTV advertising, 2) secular growth in streaming video domestically and internationally..." JPMorgan reiterates Applied Materials as overweight JPMorgan says the growth outlook remains robust for Applied Materials following earnings. "Applied Materials delivered solid F1Q (Jan-Qtr) results, reflecting another quarter of strong execution, and laid out guidance for F2Q (Apr-Qtr) that not only handily surpassed expectations, but also sets the stage for a growth trajectory in CY26 that lands well north of prior estimates." Jefferies upgrades Mitek Systems to buy from hold Jefferies says the software identity protection company is an AI winner. "We upgrade MITK , an AI beneficiary that provides fraud, identity, and digital check solutions, to Buy from Hold." Read more. Deutsche Bank upgrades Airbnb to buy from hold Deutsche upgraded the stock following earnings and says it's not immune from AI disruption but that it's more insulated than peers. "Furthermore, while Airbnb is not immune from AI disintermediation, we believe it is more shielded than others given the fragmented nature of its supply offset by the potential benefits to conversion that its non-standard supply can see from more AI-rich search." Read more. DA Davidson initiates Taiwan Semiconductor as buy DA Davidson says it sees "compounding execution" for the semis company. "We are initiating coverage of TSM with a BUY rating and a $450 price target based on what we believe is a compounding execution moat in leading edge manufacturing that's translating into a durable, self-reinforcing advantage as AI compute demand scales through the gigawatt-gigacycle." HSBC upgrades CrowdStrike to buy from hold HSBC says the stock's valuation is attractive. "We upgrade CrowdStrike to Buy on attractive valuation and AI growth, alongside non-GAAP EPS CAGR of 38.3% over FY26-29e." Evercore ISI downgrades Pinterest to in line from outperform Evercore says fundamentals are deteriorating following Thursday's earnings report. "We are downgrading shares of PINS from Outperform to In Line and lowering our PT to $25, in the wake of Miss & Lower Q4 EPS results." Morgan Stanley upgrades Allegro Systems to overweight from equal weight Morgan Stanley says the semis technology solutions company is compelling. "With improving visibility into auto semi outgrowth, margin expansion, and exposure to significant secular tailwinds, we see an increasingly attractive risk/reward in Allegro , with our CY27 Revenue/EPS 6%/9% above Street." Bernstein upgrades ZScaler to outperform from market perform Bernstein said in its upgrade that ZScaler stock is inexpensive. "...But today's trading price is MUCH too low — we see straightforward 35% upside potential. For all our hand wringing, we also emphasize this company is not dying, channel checks are positive, and AI is a tailwind (not risk)." Wells Fargo reiterates Tesla as underweight The firm says its data checks show delivery numbers remain weak. "Of the 4 major markets we track, Jan TSLA deliveries are trending -18% y/y & -59% m/m. Cont'd weakness in EU, while China domestic deliveries are at lowest since Nov'22, & highest exports since Oct'22." BMO downgrades Dollar Tree to underperform from market perform The firm says it sees too many negative catalysts for the discount retailer. "We lower DLTR to Underperform from Market Perform. We believe current valuation and earnings expectations may be too elevated given that DLTR: 1) lacks investments and focus on offering a compelling digital strategy, which may limit top line growth over time; and 2) may have potentially underappreciated dis-synergies which adds risk to margin expansion goals." Deutsche Bank upgrades Rivian to buy from hold Deutsche upgraded Rivian following earnings. "Overall, we think the risk-reward is attractive and upgrade the stock from Hold to Buy, taking our price target up to $23 (vs. prior $16). Deutsche Bank upgrades Merck to buy from hold Deutsche says the pharma company is underappreciated. "We believe the market is currently undervaluing MRK, largely due to Keytruda's looming patent cliff. Our analysis indicates a clear path for MRK to navigate this transition effectively, drawing parallels to ABBV's successful lifecycle management of Humira." UBS upgrades Xcel Energy to buy from neutral UBS says it sees a "favorable" risk/reward for the energy company. "We raise XEL to Buy from Neutral for its high quality, full regulated 9% EPS growth rate and increasing data center load growth trends that we think look unrecognized with the stock trading at a depressed 4% discount to the Utility group." BMO upgrades Neptune Insurance to outperform from market perform BMO says the sell-off in insurance stocks is overdone. "As we noted in our initiation report NP is already the heaviest user of AI/Machine Learning in our coverage (sporting a revenue/employee ratio that's > 8x higher vs. peers, plus organic growth rate of > 15%, which is ~3x its peer average), and a key part of its growth has been carving out a private flood market that otherwise has not existed." Bank of America upgrades SPX Technologies to buy from neutral The firm says it sees sustainable EPS growth for the HVAC company. "We upgrade our rating on SPX Technologies (SPXC) to Buy from Neutral." Baird upgrades Synchrony to outperform from neutral Baird says it sees an attractive entry point. "De-risking weakness provides good entry point in SYF." Barclays reiterates C.H. Robinson as overweight Barclays says investors should buy the weakness in the transport company. "we view the sell-off in stocks such as CHRW of nearly 20% as disproportionate and see the weakness as a buying opportunity in CHRW."
