TD Cowen reiterates Nvidia as buy

TD Cowen raised its price target on the stock to $275 per share from $235.

“Positive on NVIDIA into earnings as we continue to see strong fundamentals and a compelling narrative supported by ongoing hyperscale CapEx expansion and NVIDIA capturing a disproportionate share of that spend.”

Bank of America reiterates Alphabet as buy

Bank of America said it’s bullish heading into the company’s developer’s conference next week.

“Alphabet will kick off its annual developer event on May 19 with the keynote at 10am PST. While the event is developer-focused and unlikely to include financial updates, we expect a broad slate of AI announcements centered on next-gen Gemini LLM capabilities, Gemini powered O/S improvements, deeper Gemini integration across products, search utility improvements, and smart glasses capabilities”

Morgan Stanley reiterates Netflix as overweight

Morgan Stanley called the stock “best in show” following Netflix’s upfront presentation.

“Netflix announced at their upfront that they are expanding their ad-tier offering by an additional 15 countries from the original 12, which should help them get further reach and go from ~80% of the global premium video ad market to ~90% in 2027. The expansion is a win/win/ win with clear positives for Netflix ,advertisers, and consumers.”

JPMorgan reiterates Dell as overweight

JPMorgan raised its price target on Dell to $280 per share from $205 ahead of earnings.

“We are expecting Dell to raise its earnings guidance for FY27 (Jan-end) again from the already raised outlook of 25% growth, although more modest in this case, on account of flow-through of the beat in F1Q27 but constrained by supply visibility which still needs to catch up to the higher demand outlook for AI servers in particular.”

HSBC upgrades Cisco to buy from hold

HSBC upgraded Cisco following the company’s recent earnings report.

“Upgrade to Buy, raise TP to USD137.00 (from USD77.00) on stronger AI infrastructure momentum, better earnings visibility.”

Morgan Stanley reiterates Applied Materials as buy

Morgan Stanley said the stock is having an “exceptional year” following earnings on Thursday.

“AMAT is firing on all cylinders in 2026, and we are raising our full-year systems growth forecast from 28.6% to 34.2%.”

Deutsche Bank upgrades BWX Technologies to buy from neutral

Deutsche said in its upgrade of BWX Technologies that it’s firing on all cylinders.

“The company remains focused on disciplined execution, strict program management, mission focus, and long-term strategic planning. This is bearing fruit today, with strong growth in the near-term and we believe accelerating growth opportunities in the medium-long-term.”