Top Calls on Wall Street: Nvidia, Oracle, Palantir, Block, QBTS, Novo-Nordisk, Meta and More

Here are Tuesday’s biggest calls on Wall Street:

Deutsche Bank upgrades Palantir Technologies Inc. to hold from sell

Deutsche Bank upgraded the stock following earnings and said it was “late,” but that the stock remains well positioned.

“We were admittedly quite late to the party in appreciating how Palantir’s platform is uniquely positioned for AI and changed the trajectory of the company.”

Bank of America reiterates Palantir as buy

Bank of America raised its price target on the stock to $180 per share from $150.

“We see Palantir as a beneficiary of rapidly growing demand for Artificial Intelligence (AI)-platforms in both commercial and government end-markets.”

Stifel initiates D-Wave Quantum Inc. as buy

Stifel said shares of the quantum computing company have more room to run.

“We are initiating coverage of D-Wave Quantum, Inc. (QBTS) with a Buy rating and $26 target price.”

UBS downgrades Novo-Nordisk A/S to neutral from buy

UBS said it sees too many negative catalysts for the biopharma company.

“Equity story for Novo is very challenging; we downgrade to Neutral.”

Bernstein reiterates Oracle as outperform

Bernstein raised its price target on Oracle to $308 per share from $269.

“we expect Oracle’s growth to accelerate for the next few years; revenue and operating profit growth will accelerate and once growth slows FCF margins will rebound and the value created for investors will be substantial.”

Morgan Stanley downgrades Block, Inc. to equal weight from overweight

Morgan Stanley downgraded the stock on valuation ahead of earnings later this week.

“Trading at $76 and above our PT we believe valuation is fair at current levels and think most of the anticipated acceleration in Square and Cash App growth is widely built into expectations, and note that we view XYZ as a crowded long into the 2Q print.”

Morgan Stanley reiterates NVIDIA as overweight

The firm said Nvidia is a beneficiary as artificial intelligence capex remains robust.

“Hyperscalers’ Capex Remains Strong into 2026. … We see AI demand remaining strong. In AI semis, we are OW Nvidia, Broadcom, TSMC…”

Citi upgrades Wayfair to buy from neutral

Citi said it missed the “real upside” but that shares remain compelling.

“We are upgrading W to Buy. We had downgraded to Neutral after initial tariff announcements and missed real upside, but still upgrade to Buy as the tariff macro has been less of an impact than expected, execution has continued (we never doubted this), and Wayfair has demonstrated that it’s very well positioned to capture share amidst market disruption.”

Loop reiterates Meta Platforms, Inc. as buy

Loop raised its price target on the stock and said Meta shares have plenty more room to run.

“We think Meta’s user reach and frequency, ability to invest and management’s execution track
record will drive the stock’s earnings multiple toward the other mega-cap tech elite. We are
raising estimates and increasing our PT to $980 from $888 previous while keeping our target
valuation unchanged at 30X 2026 GAAP earnings, plus cash.”