Ratings Weekly | Apple, Arm, Tesla, Nvidia, PDD, Amazon, Alphabet, Disney and More to Watch

Here are the biggest calls on Wall Street This Week:

Wells Fargo reiterates The Walt Disney Company as overweight

Wells lowered its price target to $148 per share from $150 but maintained its rating.

"DIS suffers from a lack of excitement in the narrative. F2Q sees a new leadership team with an opportunity to change that—we touch on the key debates for all three segments. This is a pivotal quarter, and we remain bullish as growth accelerates into FH2."

Goldman Sachs reiterates Apple and Dell as buy

Goldman says Apple and Dell are beneficiaries of autonomous AI agents.

“The rise in popularity of open-source, autonomous AI agents like OpenClaw has driven increased investor interest in the potential impacts to PC hardware demand. ... We view AAPL (Buy), DELL (Buy), and HPQ’s (Sell) high-end PC portfolios as well positioned to benefit from this demand driver...”

Needham upgrades Arm to buy from hold

Needham says it’s bullish on the company’s entry into the silicon market.

“Interestingly, Arm’s entry into the silicon market via META perfectly epitomizes this motto. We have been on the sidelines on ARM for 2.5 years and now see a series of their high-stake bets, i.e., raising royalty rates, going into subsystems, and making its own silicon, are working.”

Citigroup reiterates Amazon as buy

Citi raised its price target on Amazon to $285 per share from $265.

“We are raising our AWS projections given continued AI demand and our analysis of revenue contributions from Anthropic, OpenAI, and core (non-AI) workloads. We now project AWS revenue growth to be +28% Y/Y in 1Q26, +29% Y/Y for 2026E, and accelerate to +37% Y/Y in 2027E as its partnerships with Anthropic and OpenAI ramp.”

Piper Sandler reiterates Tesla as overweight

"Within the next several years, we anticipate a rising contribution from full self-driving (FSD) software."

Wells Fargo reiterates Nvidia as overweight

"Our Overweight rating is based on NVIDIA's competitive positioning in gaming GPUs and expanding growth opportunities in data centers, HPC, and AI."

Nomura upgrades PDD Holdings to buy from neutral

"We find the stock too cheap to remain on the sidelines, trading at just 8.6x FY26F P/E with a strong net cash position."

Citi reiterates Netflix as buy

"We expect 1Q26 revenue and EBIT to modestly beat consensus, aided by FX tailwinds."

Wells Fargo reiterates Alphabet Inc. as overweight

"We believe GOOGL has all the pieces necessary to be an AI winner, with strong positioning across Search, Gemini, and Google Cloud."