By Michael Bloom
Publication Date: 2026-03-20 12:48:00
Here are the biggest calls on Wall Street on Friday: Wolfe reiterates Nvidia as outperform Wolfe says Nvidia is “too cheap to ignore.” “With NVDA stock at just 13x our bull case EPS, we think the stock is too cheap to ignore – and it remains our favorite idea.” HSBC upgrades Arm to buy from reduce HSBC says Arm is well positioned for AI. “Upgrade to Buy (from Reduce) on game-changing AI CPU narrative: We believe Arm is now firmly in the middle of a transition from being a smartphone dependent semi- IP play, into a major AI server CPU beneficiary that remains undervalued by the market” Morgan Stanley reiterates Apple as overweight Morgan Stanley says its checks show March App Store revenue is decelerating for Apple. “App Store rev growth is decelerating in C1Q to +6% Y/Y, resulting in net revs of +7% Y/Y QTD, 1 point below our +8% Y/Y. Separately, another qtr of above-seasonal iPhone builds in the Jun qtr supports our well-above-Street iPhone forecasts.” Jefferies upgrades Oneok to buy from hold Jefferies says the midstream company has “tangible upside.” “OKE equity screens complacent on right tail risk as Iran duration raises the odds of a higher structural crude risk premium.” Barclays reiterates Rivian as equal weight Barclays says it’s bullish on the company’s partnership with Uber. “Yesterday RIVN announced an up to $1.25bn investment from Uber and plans to deploy up to 50k fully autonomous R2 robotaxis on Uber’s network through 2031. We view the announcement…
