Wall Street Analyst Ratings Update: Microsoft and Palantir Receive Positive Calls Amid AI Growth
Major financial institutions issued several significant rating updates following recent earnings reports. Bank of America raised its price target for Microsoft (MSFT) to $630, citing robust Azure growth that exceeded market expectations. Similarly, JPMorgan initiated coverage on Palantir (PLTR) with an overweight rating and a long-term price target of $262, signaling high confidence in the company's upside potential. The tech sector saw mixed reactions; while Goldman Sachs reiterated a buy for Apple (AAPL) based on new hardware cycles, Citizens downgraded Alphabet (GOOGL) to market perform due to slowing search growth. Other notable moves include Morgan Stanley naming Carvana (CVNA) a top pick and Mizuho upgrading Hilton (HLT) to outperform, reflecting varied sentiment across the consumer, energy, and technology sectors.
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Topics: Earnings Reactions Stock Ratings Wall Street Analyst Calls