By TradingView
Publication Date: 2026-10-31 14:05:00
The S&P 500 (SP500) closed in the red on Friday, after investors digested corporate results from big companies including Alphabet and Microsoft during the week.
Wall Street analysts issued fresh round of upgrades and downgrades. Here are some of the major calls for the week:
Broadcom gets bullish rating from D.A. Davidson
D.A. Davidson upgraded Broadcom AVGO to Buy from Neutral and upped its price target on the stock to $400 from $350.
“Our reading of the Anthropic S1 leads us to believe the IPO will proceed, Anthropic will raise its capital, and next year OpenAI will raise more capital in its own IPO, allowing Broadcom to meet its expectations for the next couple of years,” DA Davidson analyst Gil Luria wrote.
“At the current 16x multiple on 2027 EPS, AVGO is trading as if the chances of that happening are near zero, which creates significant upside if those deals both materialize,” Luria added.
William Blair is latest to downgrade Moderna on valuation
William Blair became the…
