Top Calls on Wall Street: Apple, Microsoft, Netflix, Broadcom, CoreWeave, Eli Lilly, Walmart, and More

Here are Friday’s biggest calls on Wall Street:

Evercore ISI reiterates Apple as outperform

Evercore says the “bear concerns” over Apple have mostly been removed.

“Stock remains a relative underweight as folks spend time thinking through the iPhone 17 cycle and potential levers for upside in H2:26/CY27. Most investors concede that some of the severe bear concerns have been removed.”

Citigroup reiterates Microsoft as buy

Citi said investors should buy the dip on Microsoft.

“We reiterate our Buy rating and note shares are at ~decade low valuations and a discount to the S&P500 on forward P/E– a level only briefly seen in 2022.”

Wedbush reiterates Netflix as outperform

Wedbush urged investors to remain calm and keep buying the stock as the Netflix deal for WBD remains uncertain.

“We expect volatility in shares until the April shareholder vote and Netflix’s Q1:26 earnings results. A lengthy regulatory process notwithstanding, we expect less overhang after the shareholder vote.

Goldman Sachs reiterates Broadcom as buy

Goldman said it’s bullish ahead of Broadcom earnings next week.

“Expect a solid quarter, with continued AI momentum.”

Morgan Stanley reiterates CoreWeave as equal weight

The investment bank is cautious ahead of earnings on Feb. 26.

“CoreWeave has secured and expanded large contracts from the most demanding GenAI users, though easing investor concerns regarding management’s ability to consistently execute on stated goals will require 1) exiting the year with >850 MW of active power, 2) resolving prior data center delays, and 3) outlining a credible path to securing an additional 5 GW of capacity.”

Barclays initiates Eli Lilly at overweight

Barclays said the pharmaceutical giant is a “market leader.”

“Unlike the prior go-to treatments for obesity (i.e., diet and exercise), we do not view the medical treatment of obesity as a fad, and believe GLP-1(+)s represent a durable structural shift, with Eli Lilly likely to remain the market leader.”

HSBC downgrades Walmart to hold from buy

HSBC downgraded Walmart following earnings, citing slowing “momentum.”

“The lack of immediate momentum means we cut our rating to Hold (from Buy) with TP of USD131 from USD122.”

Barclays upgrades Etsy to overweight from equal weight

Barclays upgraded Etsy following earnings.

“At ~8x our new FY27 EBITDA, valuation isn’t stretched in absolute terms even though EBITDA growth is somewhat lackluster; as topline growth improves, we’d expect multiple expansion to follow suit. Upgrade to Overweight from Equal Weight, PT $72.”

Morgan Stanley reiterates GE Aerospace as overweight

Morgan Stanley said it sees “multiple expansion.”

“Initiate on GE Aerospace at Overweight with a $425 PT, driven by durable services growth, strong pricing power, and a pristine balance sheet. Consensus underestimates long term FCF, with further upside from earnings revisions and multiple expansion.”