Here are the biggest calls on Wall Street on Friday:

Barclays reiterates Tesla as equal weight

Barclays says Tesla still needs to work on its growth initiatives following Thursday’s shareholder vote.

「While there were few surprises at today’s Tesla AGM, the event broadly reminded us of the
excitement investors face ahead on Tesla’s growth prospects. Yet we believe the key question for the stock now remains on the execution path for Tesla’s growth initiatives.」

UBS reiterates Apple as neutral

UBS says it sees Apple as a beneficiary in the wearable technology space for personalized nutrition.

「We see ready-to-eat / recipe box companies such as Hello Fresh, and wearable tech companies such as Apple to be the largest beneficiaries of the shift towards truly personalized nutrition.」

Jefferies reiterates CoreWeave as buy

Jefferies calls the stock 「very attractive.」

「We see an attractive risk/reward profile, with CRWV now trading at 17x our rolled-forward EV/CY27 EBIT, compared to MSFT, AMZN, and ORCL...」

Rothschild & Co Redburn upgrades ASML to buy from hold

Rothschild says the semiconductor equipment maker is firing on all cylinders.

「ASML’s earnings outlook is further supported by the strong upcycle in AI-fueled chip demand.」

Wells Fargo reiterates Micron Technology as buy

Wells Fargo raises its price target on Micron to $300 per share from $220.

「This week we hosted meetings w/ CEO, Sanjay Mehrotra & EVP, Global Operations, Manish Bhatia. Mtgs reinforce +thesis on MU’s execution / competitive position (HBM4 confidence) & memory industry dynamics. Increase ests; PT to $300.」

Macquarie upgrades Unity to outperform from neutral

Macquarie says in an upgrade of Unity that the software company is well positioned for growth.

「Mgmt’s execution has been solid and we have greater confidence in the long-term growth opportunity driving increased FCF and operating leverage.」

KeyBanc upgrades Datadog to overweight from sector weight

Key upgrades the stock following earnings.

「We upgrade shares of DDOG to Overweight as the two areas of concern that kept us Sector Weight materialized positively: 1) revenue ex. OpenAI accelerated, and the strength was broad based; and 2) visibility into sustained OpenAI spend for the next several quarters after renewing/expanding its commitment in 3Q.」

Benchmark upgrades Trade Desk to buy from hold

Benchmark upgrades the advertising stock following earnings and says the 「pain」 is already priced in.

「We upgrade TTD to a Buy and establish a $65 DCF-based PT. While the stock still contends with macro uncertainties and awaits restructuring efficiencies to play out, our prior perceived relative industry growth hurdles are generally rearview.」

Deutsche Bank upgrades Baidu to buy from hold

Deutsche says the China tech company is well positioned for artificial intelligence.

「Baidu has established a set of leading AI businesses spanning cloud computing, robotaxis, intelligent search, and AI chips.」

Morgan Stanley names Bank of America top pick

Morgan Stanley says a 「new period of consecutive [operating] leverage has arrived.」

「We move BAC to our Top Pick in LC [large cap] Banks post investor day where mgmt outlined a clear path to 16-18% ROTCE, driven by revenue growth and expense ratio improvement to 55-59%.」

Cantor Fitzgerald upgrades Ouster to overweight from neutral

Cantor upgraded the autonomous vehicle solutions company following earnings.

「We are encouraged by the acceleration of automotive-/autonomy-related revenue, and we expect OUST to continue to ramp up its deployments to self-driving vehicles and autonomous delivery robots across the U.S., particularly via its partnership with Serve Robotics (SERV, [overweight]) and May Mobility (private), among others.」