Here are the biggest calls on Wall Street on Friday:

Rosenblatt initiates Twilio at buy

Rosenblatt says the stock is at an inflection point.

“We are initiating coverage of Twilio with a Buy rating and $140 PT as we believe the company sits at a key inflection point where years of investment in market leadership are now set to translate into a durable model of profitable growth and significant free cash flow generation.”

Baird initiates TKO Group Holdings at outperform

Baird says it’s bullish on the sports and media company.

“We think TKO is well-positioned at the intersection of key themes in the media landscape.”

Bank of American reiterates Broadcom as buy

Bank of America says the AI pipeline is “accelerating” following the company’s earnings report on Thursday.

“Reiterate Buy, our top pick as AVGO’s custom AI chip (XPU) continues to build with a fourth large customer (OpenAI per media reports) likely joining the current three (Google, Meta, ByteDance).”

Jefferies reiterates NVIDIA as buy

Jefferies says the stock remains on the franchise picks list.

“The rapid proliferation of AI demand continues with leaders from across the industry offering commentary indicating significant compute supply shortages. Given NVDA’s position as the dominant supplier of AI accelerators within AI data centers, we remain bullish on shares.”

UBS upgrades ASML Holding NV to buy from neutral

UBS says the semiconductor manufacturing equipment maker is a “quality compounder.”

“Given ASML’s long product lead times and high level of integration into customers’ long-term roadmaps, the market is likely to look through a relatively well telegraphed weak 26E to 27E, when we see the return of ASML as a quality compounder delivering 20% EPS CAGR 26-30E.”

Mizuho reiterates Oracle as a top pick

Mizuho added the stock to its top pick list

“Oracle To Cement Its Position as 4th Hyperscaler With Focus on Enterprise: OCI [Oracle Cloud Infrastructure] should continue to deliver impressive growth as it 1) migrates on-prem workloads to the cloud, 2) attracts more multi-cloud customers, and 3) wins more cloud-native customers.”

UBS downgrades JB Hunt Transport to neutral from buy

UBS downgraded several trucking companies on Friday, saying a turnaround in pricing isn’t likely anytime soon.

“We are downgrading KNX, SNDR, and JBHT from Buy to Neutral as a pricing inflection in the truckload (TL) market appears less likely in the near term.”

JPMorgan reiterates FedEx as overweight

JPMorgan says it has a negative view ahead of earnings later this month.

“We are taking a negative view on FDX into the earnings release on September 18 as we see downside risk to F1Q26 results from stagnant B2B [business to business] demand, worsening B2C [business to consumer] trends and mounting tariff pressures which should create a lower base to start the year and set negative sell-side earnings revisions in motion.”

Bank of America reiterates Tesla Motors as neutral

The firm says Tesla still has huge strides to make in its robotaxi rollout.

“With EV demand likely to be soft over the next few quarters, we think TSLA will need to make significant strides in its Robotaxi rollout and its eventual start of production of Optimus to reassure investors of the long term story.

JPMorgan adds HubSpot to focus list

JPMorgan says investors should buy the dip in shares of HubSpot.

“We are adding HubSpot to the J.P. Morgan US Analyst Focus List. Key Rationale: 43% Decline Since Mid-February Resets Valuation, Shifts Risk/ Reward Asymmetrically Positive.”

Bank of America downgrades Lululemon Athletica to neutral from buy

Bank of America says the recovery is pushed out again after the athleisure maker’s latest earnings.

“We are downgrading LULU to Neutral; the 2Q beat was overshadowed by reduced sales guidance and much larger than expected de minimis and tariff pressure.”

Bank of America reiterates Alphabet as buy

The firm says that Alphabet remains “Apple’s most logical search partner.”

“With Gen-AI, Search is transforming into a multimodal assistant and voice search could be the next frontier, embedding AI (and agents) more seamlessly into daily routines. Google already benefits from a distribution on iOS and the potential deal will further extend Gemini reach into Apple devices, potentially driving billions of additional queries as AI capabilities grow the market.”

Bank of America reiterates Goldman Sachs as buy

Bank of America says shares of Goldman have more room to run following its partnership announcement with T. Rowe Price.

“The announced partnership with T. Rowe Price pairs Goldman’s strong private credit origination capabilities with a top 5 player in target date funds.”