Here are the biggest calls on Wall Street on Friday:

PhillipCapital double upgrades SpaceX to buy from sell

The firm says it’s bullish on SpaceX’s Super Intelligence Network. “Upgrade to BUY from SELL with a higher target price of US$250.00 (prev. US$75.00) as we raise FY26e revenue by 56% to US$45.1bn and lift FY27e by 201% to US$132bn on higher SI [Super Intelligence] revenue.” Read more.

Seaport reiterates Nvidia as sell

Seaport says it’s concerned about “competitive pressures.” “We could be wrong about Nvidia i n the coming months, as they leverage their supply chain heft, but competitive pressures are mounting. We see their aggressive finance bundling as a reaction to competitive pressure and a strategic tension at the heart of their business.”

Barclays initiates Rush Street Interactive at overweight

Barclays says the digital gaming company has plenty more room to run. “RSI’s US iGaming product momentum/moat seems underappreciated, while shares have derisked near-term market growth fears; initiate at OW, $24 PT.”

Northland initiates Unusual Machines at outperform

Northland says the drones component company is well positioned for growth. “The U.S. Department of War wants more small, U.S.-made drones. Many companies are delivering. Unusual Machines is delivering essential components to those drone companies.”

Morgan Stanley reiterates CoreWeave as equal weight

The bank lowered its price target to $70 per share from $99. “Execution has been solid, and CoreWeave remains the speed and scale leader in a crowded neocloud ecosystem. However, growing financing uncertainty reduces visibility into the path to deploying existing contracted capacity and achieving 8 GW (active) longer-term.”

Morgan Stanley names CBOE a top pick

Morgan Stanley says the company’s entry into prediction markets is a positive catalyst. “We elevat e CBOE to Top Pick, raise our PT to $450 and reiterate Overweight, as regulatory approval for CBOE’s company-specific KPI prediction markets removes a key hurdle to launch and unlocks a potentially significant revenue opportunity not reflected in our or consensus estimates.”

Cantor Fitzgerald initiates Quantum Corp. at overweight

Cantor says buy the weakness. “QMCO is a 46-year-old data storage and data management company that has spent most of the last decade as a shrinking, over-leveraged legacy tape and backup vendor, and the last sixteen months remaking itself into something considerably more interesting...”.

UBS reiterates CoreWeave as buy

UBS lowered its price target to $105 per share from $120 on CoreWeave. “Restoring confidence may be a multi-quarter fix but we remain Buy-rated.”