Street Calls of the Week

Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week.

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Palo Alto Networks

What happened? On Monday, BTIG upgraded Palo Alto Networks Inc (NASDAQ:PANW) to Buy with a $248 price target.

*TLDR: BTIG upgrades PANW to Buy; Cloud shift drives 12%+ growth,

What’s the full story? BTIG’s dive into PANW reveals a bullish shift, with seven contacts—four partners handling $1.2B in annual sales, two industry analysts, and a CISO—singing a surprisingly upbeat tune.

The analysts see PANW crushing its FY26 targets: 14% revenue growth and 26% NGS ARR growth, fueled by a pivot to cloud and recurring revenue. NGS ARR, now 47% of total revenue, is set to hit 65%+ by FY27, turbocharged by the CYBR acquisition. This mix shift underpins BTIG’s confidence in PANW sustaining 12%+ growth long-term.

The analysts upgrade PANW to Buy, sticking a $248/share price target on it, pegged to a 35.0x CY27E EV/FCF multiple—above the stock’s 30.0x-32.0x historical range but justified by its cloud-heavy future. Pro forma with Cyberark (NASDAQ:CYBR), PANW’s poised for high-teens FCF growth for years. BTIG’s estimates for FY26 and FY27 hold steady, but the vibe’s clear:

PANW’s not just playing the game—it’s rewriting the rules.

AMD

What happened? On Tuesday, Wolfe upgraded Advanced Micro Devices Inc (NASDAQ:AMD) to Outperform with a $300 price target.

*TLDR: AMD’s OpenAI deal drives $10+ EPS. Execution equals $300 stock.

What’s the full story? Wolfe sees AMD’s OpenAI deal as a catalyst for a $10+ CY27 EPS trajectory, baked conservatively at $15B annual revenue from OAI and $27B total AI revenue. Execution is the name of the game here; hit those numbers, and a $300 stock price (29x CY27) is in play, with upside if AMD penetrates AI markets beyond OpenAI.

Near term, traditional server strength could juice the numbers further. But let’s not ignore the risk: a stock dip below the warrant target would throw a wrench into the OAI incentive structure. Wolfe’s $300 price target hinges on ~29x CY27 EPS of $10.36, a hair above AMD’s 5-year average multiple of 28.1x.

In short, AMD’s path to $300 is clear—execute, dominate AI, and don’t trip over your own feet.

Nvidia

What happened? On Wednesday, HSBC upgraded NVIDIA Corporation (NASDAQ:NVDA) to Buy with a Street High PT of $320.

*TLDR: HSBC upgrades NVIDIA to Buy.FY27 datacenter surges; consensus crushed.

What’s the full story? HSBC upgrades NVIDIA to Buy, slamming FY27 GPU TAM higher as datacenter revenue rockets to $351bn—36% above consensus $258bn drivel. The bank pencils $8.75 EPS, trouncing $6.48 estimates, even sans China chip exports amid thawing US-China trade vibes that could unleash Beijing demand pent-up since the crackdown.

CoWoS (Chip-on-Wafer-on-Substrate) allocation surges to 700k wafers in FY27 (140% YoY), momentum reigniting post-4Q25 lull via aggressive TSMC forecasts. This juices datacenter beats, cementing AI GPU sprawl beyond CSP capex illusions; bull case hits $390bn revenue and $9.68 EPS on 800k wafers per supply chain whispers. NVIDIA’s silicon empire expands—consensus chumps incoming.

T-Mobile

What happened? On Thursday, Wells Fargo upgraded T-Mobile US Inc (NASDAQ:TMUS) to Overweight with a $260 price target.

*TLDR: Wells Fargo upgrades. TMUS outpaces AT&T, Verizon on spectrum.

What’s the full story? Wells Fargo upgrades TMUS to Overweight with a $260 price target as its valuation premium versus AT&T compresses after a year of drift. EBITDA and free‑cash‑flow‑per‑share accelerate from 2026 onward, delivering roughly 15 % FCF growth between 2025 and 2027, while AT&T and Verizon begin to decelerate.

The bank expects TMUS’s post‑paid phone share to stay resilient even if Verizon leans harder on promotions, because under‑penetrated small markets, enterprise and public‑sector customers keep feeding market‑leading adds. After ATT&T’s spectrum purchase—and assuming Verizon secures AWS‑3—TMUS still commands 10‑20 % more sub‑6 GHz spectrum, has upgraded over 85 % of its towers, and enjoys a 10 % site‑count edge, giving it a clear speed‑to‑market and coverage advantage. Its lack of a scaled fiber rollout remains a long‑term watch‑list item but won’t materially dent growth in the near term; sub‑and‑service revenues stay industry‑leading.

The bank spots about a 1 % EBITDA upside and a 2 % FCF upside in 2026. It trims AT&T’s estimate to a $29 target, noting that a more aggressive Verizon could shave post‑paid adds, yet consensus expectations appear attainable. AT&T still rides fiber‑mobile convergence and FWA tailwinds, but the $23 B spectrum deal modestly dilutes its FCF and postpones buybacks, nudging The bank’s preference toward TMUS

Deere

What happened? On Friday, UBS upgraded Deere & Company (NYSE:DE) to Buy with a price target of $535.

*TLDR: UBS upgrades Deere to Buy, eyeing ’27 rebound. Cycle bottoms; 17% upside ahead.

What’s the full story? UBS upgrades Deere (DE) to Buy from Neutral, betting ’26 marks the final earnings trough before a ’27 rebound. Ag fundamentals scrape bottom, with North America >100HP tractor sales idling at 22k units—nearing 2003-04 lows of 17.5k after 20 months into a typical 25-month downcycle. The bank sees limited downside, stock baking in $17.90 trough EPS versus consensus, while eyeing 30% growth in FY27. Commodity prices lurk at inflation-adjusted historical lows, priming upside surprises.

Expect large ag retail sales to inflect positive by late ’26 or early ’27, with DE’s P&PA modeled at -4% in ’26 then +13% in ’27 (+5% in F4Q26). Inventory destocking paves production ramps, and US non-res construction reaccelerates in 2H26 to buoy C&F. Near-term, ’26 estimates bake in too much optimism; UBS flags downside as guidance looms in six weeks, shifting gaze to ’27’s 17% share upside.

Cycle’s exhaustion nears—time to price the turn.