Investment Bank Ratings & Recommendations
Report Date: 2025-12-28
⚡ Key Takeaways
📈 Notable Upgrades 6 calls
NVDA
NVIDIA Corporation
↑ Upgrade
Morgan Stanley • Joseph Moore 📅 2025-12-27
Equal Weight → Overweight
Old PT $180
New PT $220
Current $190.53
15.5%
2025 AI capex cycle accelerating, data center demand visibility extending into 2026
INTC
Intel Corporation
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2025-12-23
Neutral → Buy
Old PT $32
New PT $42
Current $36.20
16.0%
Foundry business inflection point, government subsidies providing runway
XLF
Financial Sector SPDR
↑ Upgrade
JPMorgan • Vivek Juneja 📅 2025-12-26
Neutral → Overweight
Old PT $54
New PT $61
Current $55.62
9.7%
Net interest margin expansion cycle beginning, credit normalization complete
NFLX
Netflix, Inc.
↑ Upgrade
Barclays • Kannan Venkateshwar 📅 2025-12-24
Equal Weight → Overweight
Old PT $90
New PT $110
Current $94.47
16.4%
Ad tier momentum accelerating, password sharing crackdown driving subs
XLE
Energy Select Sector SPDR
↑ Upgrade
RBC Capital • Michael Tran 📅 2025-12-22
Sector Perform → Outperform
Old PT $42
New PT $50
Current $44.20
13.1%
Geopolitical premium returning, winter demand surge
CRM
Salesforce, Inc.
↑ Upgrade
Wedbush • Dan Ives 📅 2025-12-26
Neutral → Outperform
Old PT $250
New PT $320
Current $266.08
20.3%
AI transformation accelerating, Einstein copilot gaining traction
📉 Notable Downgrades 4 calls
TSLA
Tesla, Inc.
↓ Downgrade
UBS • Patrick Hummel 📅 2025-12-27
Buy → Neutral
Old PT $520
New PT $430
Current $475.19
-9.5%
EV demand normalization, competitive pressure intensifying
META
Meta Platforms, Inc.
↓ Downgrade
Wells Fargo • Ken Gawrelski 📅 2025-12-23
Overweight → Equal Weight
Old PT $750
New PT $620
Current $663.29
-6.5%
Reality Labs capex concerns, regulation overhang
XLI
Industrial Select Sector SPDR
↓ Downgrade
Credit Suisse • John Walsh 📅 2025-12-24
Overweight → Neutral
Old PT $165
New PT $150
Current $157.21
-4.6%
Manufacturing slowdown concerns, China weakness
AMD
Advanced Micro Devices, Inc.
↓ Downgrade
Citi • Christopher Danely 📅 2025-12-22
Buy → Neutral
Old PT $250
New PT $200
Current $214.99
-7.0%
PC cycle disappointment, server share gains slowing
⚖️ Sector Weight Changes 5 changes
Goldman Sachs 📅 2025-12-26
Technology
↑ UPGRADED
Neutral → Overweight
AI infrastructure capex cycle extending into 2026, secular growth intact
Top Picks
NVDAMSFTGOOGL
Avoid
INTC
Morgan Stanley 📅 2025-12-23
Financials
↑ UPGRADED
Underweight → Overweight
Rate environment favorable, deregulation tailwinds under Trump
Top Picks
JPMBACGS
Avoid
WFC
Bank of America 📅 2025-12-24
Healthcare
↓ DOWNGRADED
Overweight → Neutral
RFK Jr. appointment uncertainty, drug pricing pressure
Top Picks
JNJUNH
Avoid
PFE
Barclays 📅 2025-12-22
Energy
↑ UPGRADED
Underweight → Neutral
Geopolitical risks rising, winter demand surge
Top Picks
XOMCVXCOP
Avoid
SLB
JPMorgan 📅 2025-12-27
Consumer Discretionary
↓ DOWNGRADED
Neutral → Underweight
Consumer spending fatigue, tariff concerns for retailers
Top Picks
AMZN
Avoid
TSLANKE
🎯 Thematic Calls 5 themes
AI Infrastructure 2.0
Goldman Sachs 📅 2025-12-26
BULLISH
Second wave of AI capex focusing on inference and edge computing, $2T addressable market by 2030
Beneficiaries
NVDAAMDAVGO
At Risk
INTC
Timeframe: 24-36 months | Conviction: HIGH
Trump 2.0 Deregulation
Morgan Stanley 📅 2025-12-23
BULLISH
Financial deregulation, energy policy reversal, reduced antitrust enforcement
Beneficiaries
XLFXLEGOOG
At Risk
TSLA
Timeframe: 12-24 months | Conviction: HIGH
Energy Security Renaissance
JPMorgan 📅 2025-12-22
BULLISH
Geopolitical tensions driving energy independence focus, LNG export boom
Beneficiaries
XOMCVXKMI
At Risk
TSLAENPH
Timeframe: 18-36 months | Conviction: MEDIUM
Streaming Wars Consolidation
Barclays 📅 2025-12-24
BULLISH
Industry consolidation inevitable, pricing power returning with ad tiers
Beneficiaries
NFLXDISWBD
At Risk
ROKUPARA
Timeframe: 12-18 months | Conviction: MEDIUM
China Stimulus 3.0
UBS 📅 2025-12-21
BULLISH
Coordinated fiscal and monetary stimulus package targeting property and consumption
Beneficiaries
BABAPDDJD
At Risk
TSLA
Timeframe: 6-12 months | Conviction: LOW
🌍 Market Allocation
No allocation data
💡 Actionable Ideas 0 ideas
No actionable ideas