Welcome to Extreme Investor Network, where we provide unique insights and expert analysis on all things investing. Today, we want to highlight some of the biggest calls on Wall Street from Friday that could potentially impact your investment decisions.
Evercore ISI reiterated Nvidia as outperform, stating that they view NVDA as their top pick in the Tectonic Shift in Computing, positioning it to capture 70-80% of the value created in the parallel processing era.
Piper Sandler upgraded Chewy to overweight from neutral, citing a profitability inflection point aided by gross margin expansion and SG & A leverage.
JMP upgraded Warby Parker to market outperform, raising their estimates to reflect industry analysis and the company’s holistic vision care offering.
RBC Capital Markets upgraded Westlake to outperform, highlighting strong performance and capital deployment into M & A.
JPMorgan downgraded Peloton to neutral, citing challenges in returning to growth in CF Subs & Revenue.
Bank of America reiterated Uber as a buy, noting potential partnerships with Cruise, Waymo, or Tesla.
Nomura upgraded Bilibili to buy, suggesting a brighter financial outlook with strengthening gaming and ads business.
Wells Fargo reiterated Burlington Stores as a top pick, seeing a growth/margin bull case unfolding with comp acceleration.
Wells Fargo also upgraded BJ’s Wholesale Club to overweight, expecting upside from margin investment and member gains.
Goldman Sachs downgraded Bill.com to neutral, citing higher levels of investments and lower valuation support.
Guggenheim upgraded Roku to buy, expecting investor enthusiasm to grow into 3Q earnings in November.
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