Here are the biggest calls on Wall Street on Wednesday:
Morgan Stanley reiterates Netflix as overweight
Morgan Stanley lowered its price target on Netflix but said it’s sticking with the stock following earnings. ” NFLX c ontinues to grow revs double digits (+11-12% y/y) in what is more balanced growth across members & pricing. Advertising is tracking ~$300mn light for the year.”
Morgan Stanley reiterates SpaceX as overweight
Morgan Stanley said SpaceX stock is “only just now starting to get interesting” following earnings on Tuesday. “Big 3Q beat. Punchy outlook (up to $37bn revs in 1Q27, > 10GW incremental compute in FY27). Elon Musk’s carefully crafted answer to THE QUESTION. Is it just me, or is the SpaceX story only just now starting to get interesting? Lockups? Please.” Read more.
Citi adds a positive watch on SpaceX
The firm said SpaceX is firing on all cylinders following earnings. “We are opening a positive 90 day Catalyst Watch on SPCX . Our view is based on the following: (1) SPCX has established a track record of beats/raises which we believe will continue into 4Q26, (2) Flight 15 is likely to be a monumental space-industry catalyst that sets the stage for rapid reusability on a scale never before demonstrated in launch...”
UBS reiterates Apple as neutral
UBS said its survey checks show wait times for the foldable iPhone will “trend lower” for Apple. “We expect wait times for the foldable globally to continue to trend lower.”
Rosenblatt initiates Robinhood as buy
Rosenblatt said the company is a “generational growth story.” “We are initiating coverage on shares of HOOD with a Buy rating and $135 price target.”
Oppenheimer upgrades Zoom to outperform from perform
Oppenheimer said it’s gaining “confidence” in the stock. “We attended the Zoomtopia conference in the last two days and were impressed by the company’s range of new services, as were its customers. We are upgrading ZM from Perform to Outperform with a $130 price target as we gain confidence in its transition from video meetings to a broader AI communications and workflow platform.”
Melius reiterates Nvidia as buy
The firm said in a note that SpaceX’s quarterly results are a positive for stocks like Nvidia, “SpaceX & SMCI Point to Optimism for Nvidia, Dell & Even CoreWeave.”
Needham downgrades Netflix to hold from buy
Needham downgraded Netflix on Wednesday and said it sees too many negative data points following the company’s earnings report. ” NFLX’s strategic position is deteriorating compared with YouTube (which has faster viewing growth and lower content costs), and DIS and SKYD (which have diversified rev streams).”