Investment Bank Ratings & Recommendations
Report Date: 2026-02-26
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
NFLX
Netflix, Inc.
↑ Upgrade
Goldman Sachs • Eric Sheridan 📅 2026-02-25
Neutral → Buy
Old PT $85
New PT $95
Current $82.70
14.8%
Subscriber momentum accelerating with international expansion and ad-tier adoption exceeding expectations
CRM
Salesforce, Inc.
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Morgan Stanley • Keith Weiss 📅 2026-02-24
Equal Weight → Overweight
Old PT $185
New PT $220
Current $191.75
14.7%
AI-driven productivity gains materializing faster than expected, margin expansion runway
META
Meta Platforms, Inc.
↑ Upgrade
JPMorgan • Doug Anmuth 📅 2026-02-23
Neutral → Overweight
Old PT $650
New PT $750
Current $653.69
14.7%
Reality Labs losses peaking, metaverse monetization inflection point approaching
INTC
Intel Corporation
↑ Upgrade
Bank of America • Vivek Arya 📅 2026-02-22
Underperform → Neutral
Old PT $42
New PT $52
Current $46.88
10.9%
18A node progress ahead of schedule, foundry business gaining credibility with key wins
TSLA
Tesla, Inc.
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Wedbush • Dan Ives 📅 2026-02-21
Neutral → Outperform
Old PT $400
New PT $480
Current $417.40
15.0%
FSD milestone reached, robotaxi business model validation driving multiple expansion
📉 Notable Downgrades 3 calls
AMD
Advanced Micro Devices, Inc.
↓ Downgrade
Mizuho • Jordan Klein 📅 2026-02-25
Buy → Neutral
Old PT $240
New PT $200
Current $210.86
-5.1%
Data center GPU competition intensifying, share losses to custom silicon accelerating
ORCL
Oracle Corporation
↓ Downgrade
UBS • Karl Keirstead 📅 2026-02-24
Buy → Neutral
Old PT $180
New PT $155
Current $147.89
4.8%
Cloud infrastructure growth decelerating as hyperscaler capex moderates
XLE
Energy Sector
↓ Downgrade
Goldman Sachs • Neil Mehta 📅 2026-02-23
Overweight → Neutral
Old PT $62
New PT $52
Current $54.87
-5.2%
Oil demand peak concerns mounting as EV adoption accelerates globally
⚖️ Sector Weight Changes 4 changes
Morgan Stanley 📅 2026-02-25
Technology
↓ DOWNGRADED
Overweight → Equal Weight
Valuation stretched after 40% YTD gains, rotation to value sectors beginning
Top Picks
MSFTGOOGLORCL
Avoid
High-multiple SaaS names
JPMorgan 📅 2026-02-24
Financials
↑ UPGRADED
Equal Weight → Overweight
Rising rate environment supporting NIM expansion, credit quality remains solid
Top Picks
JPMBACWFC
Avoid
Regional banks with CRE exposure
Goldman Sachs 📅 2026-02-23
Healthcare
↑ UPGRADED
Underweight → Equal Weight
Defensive characteristics attractive amid macro uncertainty, biotech oversold
Top Picks
JNJUNHPFE
Avoid
High-beta biotech
Bank of America 📅 2026-02-22
Energy
↓ DOWNGRADED
Overweight → Underweight
Structural demand headwinds from energy transition accelerating
Top Picks
XOMCVX
Avoid
Smaller E&P namesCoal exposure
🎯 Thematic Calls 3 themes
AI Infrastructure 2.0
Goldman Sachs 📅 2026-02-20
BULLISH
Next phase of AI buildout focuses on edge computing, networking, and power infrastructure as models get deployed at scale
Beneficiaries
NVDAAMDCSCONEE
At Risk
Traditional data center REITs
Timeframe: 18-24 months | Conviction: HIGH
Quantum Computing Commercialization
Morgan Stanley 📅 2026-02-18
BULLISH
Quantum advantage demonstrated in specific use cases, enterprise adoption beginning
Beneficiaries
IBMGOOGLMSFT
At Risk
Classical HPC providers
Timeframe: 3-5 years | Conviction: MEDIUM
Deglobalization Trade
JPMorgan 📅 2026-02-15
BULLISH
Reshoring and friend-shoring trends accelerating, benefiting domestic manufacturers and logistics
Beneficiaries
CATDEUPSFDX
At Risk
China-dependent retailers
Timeframe: 2-3 years | Conviction: HIGH
🌍 Market Allocation
Overall Market View
Equities Cautiously optimistic - selective stock picking over broad market exposure
Bonds Underweight duration, prefer floating rate and credit
Cash Hold 5-10% cash for opportunities
Regional Preferences
US Overweight - AI leadership and currency strength
Europe Underweight - structural growth challenges persist
Emerging Markets Selective - India overweight, China neutral
China Neutral - reopening benefits fading, structural headwinds
Japan Overweight - corporate governance improvements, weak yen benefits
Style Preferences
Growth Vs Value Quality growth at reasonable valuations preferred
Large Vs Small Large cap bias given macro uncertainty
Cyclical Vs Defensive Balanced, sector-specific rather than broad defensive
💡 Actionable Ideas 2 ideas
Long NVDA/Short AMD pairs trade
NVDA benefiting from AI infrastructure 2.0 while AMD faces increasing competition in data center GPUs
Supported by: Goldman Sachs, Bernstein
⚠️ Risk: Broader semiconductor selloff could impact both names
Overweight Financials vs Technology
Sector rotation from growth to value accelerating as rate environment supports bank margins
Supported by: JPMorgan, Wells Fargo
⚠️ Risk: Credit cycle deterioration if economic growth slows