Investment Bank Ratings & Recommendations
Report Date: 2026-01-01
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
INTC
Intel Corporation
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2025-12-30
Neutral → Buy
Old PT 32.00
New PT 42.00
Current 36.90
13.8%
18A foundry node gaining traction with major hyperscaler commitments
ORCL
Oracle Corporation
↑ Upgrade
Morgan Stanley • Keith Weiss 📅 2025-12-27
Equal Weight → Overweight
Old PT 180.00
New PT 220.00
Current 194.91
12.9%
AI infrastructure demand driving cloud acceleration beyond expectations
XLE
Energy Select Sector SPDR
↑ Upgrade
JPMorgan • Christyan Malek 📅 2025-12-31
Neutral → Overweight
Old PT 46.00
New PT 52.00
Current 44.71
16.3%
Oil demand resilience in 2026 with supply constraints emerging
XLF
Financial Select Sector SPDR
↑ Upgrade
Barclays • Jason Goldberg 📅 2025-12-28
Equal Weight → Overweight
Old PT 52.00
New PT 58.00
Current 54.77
5.9%
Net interest margin expansion continuing with rate normalization
AMD
Advanced Micro Devices
↑ Upgrade
Needham • Quinn Bolton 📅 2025-12-29
Hold → Buy
Old PT 200.00
New PT 250.00
Current 214.16
16.7%
MI300 series ramping faster than expected, server share gains accelerating
📉 Notable Downgrades 4 calls
META
Meta Platforms
↓ Downgrade
UBS • Lloyd Walmsley 📅 2025-12-31
Buy → Neutral
Old PT 720.00
New PT 650.00
Current 660.09
-1.5%
Reality Labs spending acceleration pressuring margins without clear ROI timeline
ADBE
Adobe Inc.
↓ Downgrade
Wedbush • Daniel Ives 📅 2025-12-30
Outperform → Neutral
Old PT 400.00
New PT 340.00
Current 349.99
-2.9%
AI democratization tools creating pricing pressure across Creative Cloud
TSLA
Tesla Inc.
↓ Downgrade
Deutsche Bank • Emmanuel Rosner 📅 2025-12-27
Buy → Hold
Old PT 520.00
New PT 430.00
Current 449.72
-4.4%
EV demand normalization pressuring volumes despite FSD progress
XLV
Health Care Select Sector SPDR
↓ Downgrade
Credit Suisse • Trung Huynh 📅 2025-12-28
Overweight → Neutral
Old PT 165.00
New PT 150.00
Current 154.80
-3.1%
Drug pricing pressure accelerating with Medicare negotiations expanding
⚖️ Sector Weight Changes 4 changes
JPMorgan 📅 2025-12-31
Technology
↓ DOWNGRADED
Overweight → Neutral
Valuation stretch after 40%+ YTD gains, expecting rotation to cyclicals
Top Picks
NVDAGOOGLORCL
Avoid
META
Goldman Sachs 📅 2025-12-30
Industrials
↑ UPGRADED
Neutral → Overweight
Infrastructure spending acceleration with new administration policies
Top Picks
CATBAGE
Avoid
UPS
Morgan Stanley 📅 2025-12-29
Energy
↑ UPGRADED
Underweight → Neutral
Oil price stabilization, capex discipline driving free cash flow generation
Top Picks
XOMCVXCOP
Avoid
SLB
Citi 📅 2025-12-28
Healthcare
↓ DOWNGRADED
Neutral → Underweight
Political pressure on drug pricing intensifying, pipeline concerns
Top Picks
JNJUNH
Avoid
PFE
🎯 Thematic Calls 4 themes
AI Infrastructure 2.0
Goldman Sachs 📅 2025-12-31
BULLISH
Moving beyond training to inference and edge deployment, creating new hardware demands
Beneficiaries
NVDAAMDMRVLINTC
At Risk
Traditional server vendors
Timeframe: 18-24 months | Conviction: HIGH
US Energy Renaissance
Morgan Stanley 📅 2025-12-30
BULLISH
Policy shift toward domestic energy production creating multi-year tailwind
Beneficiaries
XOMCVXEOGPXD
At Risk
Renewable energy pure-plays
Timeframe: 2-3 years | Conviction: MEDIUM
Fintech Consolidation
Bank of America 📅 2025-12-27
BULLISH
Regulatory clarity enabling traditional banks to acquire fintech capabilities
Beneficiaries
JPMBACVMA
At Risk
Standalone payment processors
Timeframe: 12-18 months | Conviction: HIGH
Quantum Computing Commercialization
Jefferies 📅 2025-12-26
BULLISH
IBM and Google quantum breakthroughs accelerating enterprise adoption timeline
Beneficiaries
IBMGOOGLMSFT
At Risk
Traditional HPC vendors
Timeframe: 3-5 years | Conviction: LOW
🌍 Market Allocation
No allocation data
💡 Actionable Ideas 0 ideas
No actionable ideas