Investment Bank Ratings & Recommendations
Report Date: 2025-12-27
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
NVDA
NVIDIA Corporation
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2025-12-26
Neutral → Buy
Old PT $180
New PT $220
Current $190.53
15.5%
Data center demand acceleration into 2026 with Blackwell ramp
INTC
Intel Corporation
↑ Upgrade
Morgan Stanley • Joseph Moore 📅 2025-12-24
Underweight → Equal Weight
Old PT $32
New PT $42
Current $36.20
16.0%
Foundry strategy showing early traction with government support
NFLX
Netflix, Inc.
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JPMorgan • Doug Anmuth 📅 2025-12-23
Neutral → Overweight
Old PT $88
New PT $105
Current $94.47
11.2%
Ad tier gaining momentum, content ROI improving significantly
XLV
Healthcare Select Sector SPDR
↑ Upgrade
UBS • Michael Baker 📅 2025-12-21
Neutral → Buy
Old PT $150
New PT $165
Current $156.05
5.7%
Defensive positioning as growth concerns mount
ORCL
Oracle Corporation
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Bank of America • Brad Sills 📅 2025-12-26
Neutral → Buy
Old PT $185
New PT $225
Current $197.99
13.6%
Cloud infrastructure momentum with AI workload wins
📉 Notable Downgrades 4 calls
TSLA
Tesla, Inc.
↓ Downgrade
Bernstein • Toni Sacconaghi 📅 2025-12-25
Outperform → Market Perform
Old PT $520
New PT $450
Current $475.19
-5.3%
EV growth deceleration and increased competition pressures
META
Meta Platforms, Inc.
↓ Downgrade
Piper Sandler • Thomas Champion 📅 2025-12-23
Overweight → Neutral
Old PT $750
New PT $650
Current $663.29
-2.0%
Reality Labs spending concerns without clear ROI timeline
XLF
Financial Select Sector SPDR
↓ Downgrade
Credit Suisse • Susan Roth Katzke 📅 2025-12-22
Overweight → Neutral
Old PT $58
New PT $53
Current $55.62
-4.7%
Peak rate environment concerns and credit normalization
AMD
Advanced Micro Devices, Inc.
↓ Downgrade
Wells Fargo • Aaron Rakers 📅 2025-12-24
Overweight → Equal Weight
Old PT $250
New PT $200
Current $214.99
-7.0%
Data center GPU share loss to NVIDIA in AI workloads
⚖️ Sector Weight Changes 4 changes
JPMorgan 📅 2025-12-26
Technology
↑ UPGRADED
Neutral → Overweight
AI infrastructure spending acceleration into 2026 election year
Top Picks
NVDAMSFTORCL
Avoid
INTC
Goldman Sachs 📅 2025-12-24
Healthcare
↑ UPGRADED
Underweight → Neutral
Defensive positioning as economic uncertainty rises
Top Picks
JNJUNHLLY
Avoid
BIIB
Morgan Stanley 📅 2025-12-23
Energy
↓ DOWNGRADED
Overweight → Neutral
Oil price volatility and renewable transition acceleration
Top Picks
XOMCVX
Avoid
OXY
Bank of America 📅 2025-12-22
Financials
↓ DOWNGRADED
Overweight → Neutral
Peak rate environment and credit normalization concerns
Top Picks
JPMBAC
Avoid
KRE
🎯 Thematic Calls 4 themes
AI Infrastructure Buildout 2.0
Goldman Sachs 📅 2025-12-26
BULLISH
Enterprise AI adoption hitting inflection point with 80% of Fortune 500 now in pilot phase, driving sustained capex cycle through 2027
Beneficiaries
NVDAMSFTGOOGLAMZN
At Risk
Traditional software without AI integration
Timeframe: 18-24 months | Conviction: HIGH
Defense Technology Renaissance
Morgan Stanley 📅 2025-12-25
BULLISH
Geopolitical tensions driving 5-10 year defense modernization cycle with focus on autonomous systems and cyber capabilities
Beneficiaries
LMTRTXNOC
At Risk
Traditional defense contractors without tech focus
Timeframe: 3-5 years | Conviction: MEDIUM
GLP-1 Market Expansion
UBS 📅 2025-12-24
BULLISH
Weight management drugs expanding into cardiovascular and other indications, creating $100B+ market by 2030
Beneficiaries
LLYNVO
At Risk
Traditional weight loss and diabetes companies
Timeframe: 2-4 years | Conviction: HIGH
China Reopening 2.0 Fade
Bernstein 📅 2025-12-21
BEARISH
Chinese economic stimulus showing limited impact on consumer demand, property sector still stressed
Beneficiaries
Domestic US plays
At Risk
AAPLNKESBUX
Timeframe: 12-18 months | Conviction: MEDIUM
🌍 Market Allocation
No allocation data
💡 Actionable Ideas 0 ideas
No actionable ideas