Top Calls on Wall Street: CoreWeave, Sandisk, Affirm, Disney, Shopify, Nebius & More

Here are the biggest calls on Wall Street on Wednesday:

Stifel upgrades DigitalOcean to buy from hold

Stifel says buy the dip in DigitalOcean shares.

“With the stock down ~30% from recent highs and several incremental positive data points over the past week...”

Truist upgrades CoreWeave to buy from hold

Truist says the risk/reward is compelling.

“CRWV - Upgrading to Buy as Enterprise Adoption of Open Models Supports Broadening Medium-Term Demand.”

BTIG initiates Philip Morris at buy

BTIG says the company’s execution is impressive.

“There is a quote by Thomas Edison, ‘Strategy without execution is hallucination,’ highlighting the risk around implementing a premium playbook. Well in PM’s case, the execution of the reduced risk products transition has been largely flawless.”

Bernstein initiates Affirm at outperform

Bernstein says growth is impressive for Affirm.

“The company, however, has had a remarkable growth journey, and the general malaise in the fintech sector provides an opportunity to get involved — despite the stock’s outperformance since April.”

Baird initiates Nebius at outperform

Baird says Nebius is best positioned.

“We are initiating NBIS with an Outperform rating and $250 price target.”

Benchmark initiates Digital Turbine at buy

The firm says the mobile ad platform company is firing on all cylinders.

“We are initiating coverage of Digital Turbine (APPS) with a BUY rating and $15 per share price target.”

Baird initiates CoreWeave at outperform

Baird says the company has the “ability to deliver capacity.”

“We are initiating coverage of CoreWeave with an Outperform rating and $100 price target. CoreWeave is a pioneer and leader in the purpose-built AI infrastructure market. Our bullish thesis: 1) AI build-out in hyper-growth, 2) ability to execute on capacity conversion (already >1GW of active power...)”

Baird initiates DigitalOcean at outperform

Baird says it’s a turnaround story.

“We are initiating coverage of DigitalOcean with an Outperform rating and $165 price target.”

Roth Capital initiates Corsair Gaming at buy

Roth says it sees “significant improvement” for the gaming company.

“We are initiating coverage of Corsair Gaming with a Buy rating and $15 price target.”

Morgan Stanley initiates Advanced Energy Industries at overweight

Morgan Stanley says the energy company is a data center beneficiary.

“We see strong growth opportunities given a proven track record with Meta, and a broadening of the customer base. We model AEIS’ Data Center revenue to grow 41%/49% in 2026/27, but in our bull case where we incorporate content uplift and broader customer adoption, we see 40% upside to our 2027 base case.”

Roth initiates Digital Turbine at buy

The firm says the mobile ad tech company has an “advantaged strategic position.”

“We are initiating coverage of Digital Turbine (APPS) with a BUY rating and $15 per share price target.”

Morgan Stanley downgrades Vornado Realty Trust to underweight from equal weight

The bank says the REIT is overvalued.

“We downgrade VNO to UW - VNO trades at the most expensive valuation...”

BTIG initiates Keel Infrastructure at buy

BTIG says the infrastructure company is firing on all cylinders.

“KEEL is a power infrastructure company that is transitioning from a crypto miner into an HPC/AI colocation service provider.”

Canaccord initiates Nektar at buy

Canaccord says the biotech company has plenty of upside.

“We are initiating coverage of Nektar Therapeutics with a BUY rating and 12-month price target of $153.”

Cantor Fitzgerald initiates Generac at overweight

Cantor says it’s bullish on the battery backup company.

“We initiate coverage of GNRC with an Overweight rating and a $325 price target.”

Guggenheim reiterates Disney as buy

Guggenheim says it’s sticking with Disney ahead of earnings.

“We look for evidence the FY25 -1% full-year trend is inflecting upward.”

Wells Fargo reiterates Sandisk as equal weight

The bank raised its price target to $1,620 per share from $1,250.

“We’ve clearly missed the momentum in SNDK—underappreciating the overall supply < demand dynamics in the NAND market as continually driving meaningfully higher blended ASPs ($/GB) and the industry’s transformation toward long-term supply agreements—trends expected to continue through 2026 and 2027.”

JPMorgan reiterates Shopify as overweight

JPMorgan added the stock to the analyst focus list.

“We’re bullish on Shopify shares & expect upside to guidance into 2Q26 earnings on Wednesday, 8/5.”

Citi upgrades Fluence Energy to buy from neutral

Citi said in its upgrade of Fluence that the renewable energy products company has a growing storage business.

“Despite that, we believe a potential hyperscaler order and larger pipeline could overshadow unreasonable consensus expectations. Finally, we believe storage business is growing at an impressive pace and the company could land its first hyperscaler customer in the NT.”