Bank of America has reiterated its buy rating on Microsoft, raising its price target to $630 per share from $600 after the company reported strong first-quarter results, particularly noting Azure's 48% year-over-year growth, which exceeded expectations. Goldman Sachs continues to favor ServiceNow, emphasizing the need for the company to demonstrate revenue growth from its role in enterprise AI.
Morgan Stanley has named Carvana a top pick, citing improved growth visibility and an unchanged price target of $88. William Blair initiated coverage on Chevron as outperform, highlighting its strong portfolio and cash margins. Goldman Sachs also reiterated its buy rating on Apple, praising its new product announcements and price increases that should bolster revenue growth.
In contrast, Citizens downgraded Alphabet to market perform due to a slowdown in search growth. Other notable calls include JPMorgan initiating coverage of Palantir with an overweight rating and a price target of $262, and UBS upgrading Wintrust Financial to buy, citing strong growth potential.
Overall, the analyst calls reflect a mix of optimism for tech and energy sectors while expressing caution regarding Alphabet's growth trajectory