The latest analyst ratings from Wall Street, which are highly influential on market movements, have been compiled. Below are the key highlights from research reports, curated by The Fly, that investors should focus on today. Five Stocks Receiving Upgrades

Advanced Micro Devices (AMD): KeyBanc upgraded the stock from "Sector Weight" to "Overweight" with a $270 price target. The firm believes that demand for the MI355 and supply capacity for the MI455 will support AMD's AI business revenue reaching $14 to $15 billion this year. Intel (INTC): KeyBanc upgraded the stock from "Sector Weight" to "Overweight" with a $60 price target. The firm anticipates that strong demand from hyper-scale cloud providers for data centers this year will be a "significant driver" for Intel's Data Center and AI business revenue. Hewlett Packard Enterprise (HPE): Goldman Sachs upgraded the stock from "Neutral" to "Buy" with a $31 price target, citing analyst team rotation. While Goldman views HPE's 2026 performance as "yet to be proven," it noted that the Juniper Networks merger solidifies its position as the second-largest provider in the enterprise/campus networking market and expands its footprint in data center networking. MasterCard (MA): Compass Point upgraded the stock from "Neutral" to "Buy" and raised its price target from $620 to $735. The firm expressed a preference for payment network companies over other payment players when looking ahead to 2026. Colgate-Palmolive (CL): Wells Fargo upgraded the stock from "Underweight" to "Equal Weight" and increased its price target from $77 to $86. The firm believes that at the current share price, the risk/reward profile is more balanced, as the risks to Colgate's sales growth and valuation have largely been priced in.

Five Stocks Receiving Downgrades

PayPal (PYPL): Daiwa Securities downgraded the stock from "Outperform" to "Neutral" with a $61 price target. The firm argues that the stock's valuation "will remain subdued" until there is an improvement in the growth of Total Payment Volume for PayPal's branded checkout business. Adobe (ADBE): Oppenheimer downgraded the stock from "Outperform" to "Perform." The firm cited a challenging operating environment during the AI transition, leading to muted and slowing revenue growth; volatile product cycle execution raising concerns about the durability of its moat; declining investor interest in software stocks; and a disappointing year-over-year operating margin guide for fiscal 2026. These factors are expected to negatively impact sentiment this year and limit near-term upside. Five Below (FIVE): Jefferies downgraded the stock from "Buy" to "Hold" and lowered its price target from $215 to $210. The firm stated that Five Below's current valuation is "well above" its three-year average, and as comparable store sales growth normalizes, there is potential for multiple compression. HP Inc (HPQ): Goldman Sachs downgraded the stock from "Neutral" to "Sell" with a $21 price target, citing analyst team rotation. The firm informed investors that while HP's fiscal 2025 results exceeded expectations, price increases could impact demand, and consensus expectations for Personal Systems growth in fiscal 2026 might be too high. ARM Holdings (ARM): BofA Securities downgraded the stock from "Buy" to "Neutral" with a $120 price target. The firm's rationale is an expected slowdown in growth for both royalty and architecture license revenue by 2026, coupled with an increasing dependence on SoftBank Group.

Five Stocks Receiving Initial Coverage

Walt Disney (DIS): Phillip Securities initiated coverage with an "Accumulate" rating and a $130 price target. The firm stated that Disney possesses "unparalleled" intellectual property, which supports "strong user engagement" across its full platform. Reddit (RDDT): Evercore ISI initiated coverage with an "Outperform" rating and a $320 price target. The firm believes that given Reddit's potential for 30%-40% revenue CAGR and 40%-50% EBITDA CAGR over the next three years, its current high valuation is still reasonable. NetApp (NTAP): Goldman Sachs initiated coverage with a "Buy" rating and a $128 price target. Goldman pointed out that while the overall global external storage market is expected to grow only 4% year-over-year in 2025, growth is faster in certain media and data storage types, and it expects NetApp to maintain its leadership in the All-Flash Array market. First Solar (FSLR): Raymond James initiated coverage with a "Market Perform" rating and did not provide a price target. The firm told investors that while First Solar's risk/reward profile is "relatively attractive" compared to peers, given the stock is already a "consensus long" among sell-side analysts, its growth prospects are likely already reflected in the current price. The firm also initiated coverage on SolarEdge Technologies (SEDG) with a "Market Perform" rating. Enphase Energy (ENPH): Raymond James resumed coverage with a "Market Perform" rating. The firm noted in its report that while Enphase Energy has the fundamental qualities of a high-quality business, demand in its industry is highly dependent on external environmental factors.