Investment Bank Ratings & Recommendations
Report Date: 2026-01-05
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
AMD
Advanced Micro Devices, Inc.
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2026-01-05
Neutral → Buy
Old PT $240
New PT $280
Current $223.47
25.3%
AI inference acceleration and data center momentum driving multi-year growth cycle
INTC
Intel Corporation
↑ Upgrade
JPMorgan • Harlan Sur 📅 2026-01-04
Underweight → Neutral
Old PT $35
New PT $45
Current $39.38
14.3%
Foundry business inflection point with 18A node progress and government subsidies
XLE
Energy Select Sector SPDR
↑ Upgrade
Morgan Stanley • Devin McDermott 📅 2026-01-03
Equal Weight → Overweight
Old PT $48
New PT $52
Current $45.65
13.9%
Geopolitical tensions and supply constraints creating structural energy deficit
XLI
Industrial Select Sector SPDR
↑ Upgrade
Bank of America • Andrew Obin 📅 2026-01-02
Neutral → Buy
Old PT $155
New PT $170
Current $157.98
7.6%
Infrastructure spending acceleration and manufacturing reshoring driving multi-year capex cycle
ORCL
Oracle Corporation
↑ Upgrade
Wedbush • Dan Ives 📅 2026-01-05
Neutral → Outperform
Old PT $200
New PT $250
Current $195.71
27.7%
Database modernization and AI workload migration creating sustainable growth inflection
📉 Notable Downgrades 4 calls
TSLA
Tesla, Inc.
↓ Downgrade
UBS • Joseph Spak 📅 2026-01-03
Buy → Neutral
Old PT $480
New PT $420
Current $438.07
-4.1%
EV demand normalization and increased competition pressuring margins
META
Meta Platforms, Inc.
↓ Downgrade
Bernstein • Mark Shmulik 📅 2026-01-04
Outperform → Market Perform
Old PT $700
New PT $620
Current $650.41
-4.7%
Reality Labs losses accelerating while metaverse adoption remains nascent
CRM
Salesforce, Inc.
↓ Downgrade
Jefferies • Samad Samana 📅 2026-01-02
Buy → Hold
Old PT $290
New PT $250
Current $253.62
-1.4%
Enterprise software spending deceleration impacting growth trajectory
NFLX
Netflix, Inc.
↓ Downgrade
Wells Fargo • Steven Cahall 📅 2026-01-05
Overweight → Equal Weight
Old PT $105
New PT $88
Current $90.99
-3.3%
Subscriber growth saturation in core markets and content cost inflation pressures
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-01-03
Energy
↑ UPGRADED
Underweight → Overweight
Supply-demand imbalance creating multi-year commodity super-cycle
Top Picks
XOMCVXCOP
Avoid
OXY
Morgan Stanley 📅 2026-01-04
Technology
↓ DOWNGRADED
Overweight → Neutral
Valuation stretched relative to earnings growth deceleration expectations
Top Picks
NVDAGOOGLORCL
Avoid
CRM
JPMorgan 📅 2026-01-02
Industrials
↑ UPGRADED
Neutral → Overweight
Infrastructure and defense spending acceleration driving multi-year earnings cycle
Top Picks
BACATGE
Avoid
FDX
Bank of America 📅 2026-01-05
Financials
↑ UPGRADED
Neutral → Overweight
Net interest margin expansion and credit normalization supporting earnings growth
Top Picks
JPMBACWFC
Avoid
C
🎯 Thematic Calls 4 themes
AI Infrastructure Buildout
Goldman Sachs 📅 2026-01-04
BULLISH
Enterprise AI adoption accelerating, requiring massive infrastructure investments across semiconductors, data centers, and networking
Beneficiaries
NVDAAMDAVGO
At Risk
INTC
Timeframe: 24-36 months | Conviction: HIGH
Energy Security Premium
Morgan Stanley 📅 2026-01-03
BULLISH
Geopolitical tensions and supply chain vulnerabilities creating structural premium for domestic energy production
Beneficiaries
XOMCVXEOG
At Risk
TSLA
Timeframe: 12-18 months | Conviction: HIGH
Manufacturing Reshoring
Jefferies 📅 2025-12-28
BULLISH
Supply chain resilience and national security driving manufacturing capacity back to North America
Beneficiaries
CATDEEMR
At Risk
FXI
Timeframe: 36-60 months | Conviction: MEDIUM
Consumer Spending Normalization
UBS 📅 2026-01-02
BEARISH
Excess savings depletion and credit tightening pressuring discretionary spending patterns
Beneficiaries
WMTCOSTDG
At Risk
AMZN
Timeframe: 6-12 months | Conviction: MEDIUM
🌍 Market Allocation
Overall Market View
Equities Cautiously Constructive - Selective opportunities amid late-cycle dynamics
Bonds Neutral - Duration risk balances yield opportunities
Cash 5-10% tactical allocation for volatility opportunities
Regional Preferences
US Overweight - Structural advantages and AI leadership
Europe Underweight - Energy crisis and growth challenges persist
Emerging Markets Neutral - Selective China exposure with India overweight
China Underweight - Regulatory and geopolitical headwinds
Japan Neutral - Corporate reform benefits offset by demographic headwinds
Style Preferences
Growth Vs Value Balanced tilt toward Quality Growth at reasonable valuations
Large Vs Small Large Cap preference - Better positioned for volatility and AI adoption
Cyclical Vs Defensive Selective Cyclical exposure - Energy and Industrials over Consumer
💡 Actionable Ideas 0 ideas
No actionable ideas