Here are the biggest calls on Wall Street This Week:

Morgan Stanley reiterates Nvidia as overweight

Morgan Stanley raised its price target to $288 per share from $285 following earnings on Wednesday and says the stock is the “best value in semis.”

“NVIDIA posted numbers higher than our estimates and our preview, with a clean beat and raise on all metrics, with a significant Vera Rubin ramp ahead that should prove out their contention that NVDA hardware leads in AI factory economics. Best value in semis, remain OW/Top Pick.”

HSBC reiterates Nvidia as buy

HSBC raised its price target on Nvidia ahead of earnings to $325 per share from $295.

“Expecting another beat & raise, with more upside to FY28e earnings...”

Barclays reiterates Tesla as equal weight

Barclays says it’s sticking with its equal weight rating on Tesla.

“Focus remains on core growth initiatives – Robotaxi launches/scaling, FSD expansion, and Optimus v3 launch. Specifically, we believe the greatest focus is around Robotaxi scaling, with investors awaiting progress of increased vehicles which are fully driverless / no safety monitor.”

Bank of America reiterates Amazon as buy

The firm said Amazon Alexa for Shopping will “lead Amazon’s push into the Agentic Era.”

“Amazon recently launched Alexa for Shopping (“AfS”), integrating Rufus and Alexa+ into a single, more capable shopping assistant that marks a step forward in AI-driven eCommerce for Amazon.”

Bank of America reiterates Alphabet as overweight

The firm says Alphabet is ushering in the “next wave of AI Adoption” after attending the company’s developer conference.

“At I/O 2026, Alphabet introduced a broad range of new AI products, underscoring accelerating velocity of AI innovation. While in prior years Google was playing catch up with AI technology, this year’s product announcements leveraged Google’s strong Gemini model capabilities and demonstrated increasing leadership in shaping consumer AI experiences.”

Wolfe reiterates Meta as outperform

Wolfe said it’s sticking with the “controversial” stock.

“Meta has become a controversial stock. Against current valuation fundamentals, and new rev opportunities, we are buyers, tho we’ll need to remain patient. We share our detailed CapEx & Rev builds - we’re 27% and 3% above the Street.”

Bank of America reiterates Netflix as buy

Bank of America says Netflix has a long runway.

“NFLX is continuing to improve its advertising offering with new formats and more technology, and the company believes it can actually decrease ad loads while increasing ad revenue through addressable, targeted ads and increased sponsorship.”

UBS reiterates ASML as buy

The firm said top pick ASML is firing on all cylinders.

“Most Attractive Risk/Reward in the Sector.”

Goldman Sachs reiterates Broadcom as buy

Goldman raised its price target to $500 per share from $480 ahead of Broadcom earnings.

“We believe expectations are modestly elevated heading into the print, as CapEx spending patterns at key customer accounts remain strong.”

Citigroup reiterates Micron Technology as buy

Citi raised its price target on shares of Micron.

“We raise our price target on Micron from $425 to $840 as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung’s +100% price hike in 1Q.”

Bernstein initiates Arm as outperform

Bernstein says the stock is firing on all cylinders.

“In practical terms, the business now relies on three revenue streams. First, licensing revenue is the
upfront monetization of Arm’s technology designs, software and access rights, which customers use to build their own chips and platforms. Second, royalty revenue is the recurring annuity stream earned on chips shipped with Arm technology inside them, and it remains the economic core of the model because it scales with customer volume, silicon complexity and mix.”

Wells Fargo reiterates Marvell as overweight

Wells raised its price target ahead of earnings next week.

“While MRVL’s >30x CY27 P/E certainly makes for a tougher set-up into F1Q27 print (5/26), we see AWS Trainium deploy, XPU-attach ramp, and con’t Interconnect momentum as driving sufficient upside to support our OW rating; PT to $195 (was $135).”

Morgan Stanley reiterates Dell as underweight

The firm raised its price target to $170 per share from $110 but says it’s sticking with its underweight rating ahead of earnings next week.

“DELL’s near-term results are likely to be very strong thanks to GP/AI server strength and large enterprise spend pull-forward. But DELL now trades at an all-time (30%) premium to AI infra peers, and 2H uncertainty remains with memory inflation/supply risk only intensifying.”

Barclays reiterates CrowdStrike as overweight

Barclays raised its price target on CrowdStrike ahead of earnings in early June to $650 per share from $550.

“We raise our PT to $650 using a 44x multiple on our FY31E FCF discounted back given our more positive outlook on the FY guide and CRWD’s AI opportunities.”

Bank of America reinstates Salesforce as underperform

The firm reinstated coverage from its prior buy rating and says it sees too many negative catalysts for Salesforce.

“We are reinstating coverage with an Underperform and a $160 PO, based on 9x CY27E EV/FCF.”

Oppenheimer reiterates Costco as outperform

The firm raised its price target on Costco to $1,160 from $1,100 ahead of earnings next week.

“We believe defensive characteristics of the model and COST’s superior value proposition on the omni-channel/fuel fronts should continue to drive outsized share gains. We still see the potential for a special dividend and/or a stock split, which we believe could represent positive catalysts for shares.”

Goldman Sachs upgrades Occidental Petroleum to neutral from sell

Goldman said it sees “improving efficiencies.”

“With this note we are updating Occidental Petroleum (OXY) to Neutral from Sell following (1) meaningful progress on lowering absolute debt following asset sales and higher oil prices, (2) continued execution strength and progress on reducing the company’s capital intensity and operating cost structure,”

HSBC upgrades Shell to buy from hold

HSBC says the oil and gas giant has buyback upside.

“After the rebalancing, Shell’s 2026 yield remains the highest among large-cap oil majors, ahead
of Total, BP, and US Supermajors. Assuming a bounce-back in 2027, the gap could widen once again, with Shell at the top of the peer group.”