Wall Street's top stock calls this week include AMD upgraded to Buy at Truist due to AI traction, Qualcomm upgraded to Buy at Arete on building momentum, Micron initiated with an Outperform at CLSA, Five Below upgraded to Outperform at Telsey due to business inflection, and Dollar Tree upgraded to Buy at Telsey on positive earnings surprise.
Wall Street analysts have issued several notable upgrades to tech and retail stocks this week, signaling optimism for their future performance. Here are the top stock calls from the week:
1. AMD Upgraded to Buy at Truist: Truist Financial Corporation [1] upgraded Advanced Micro Devices (AMD) to a "Buy" rating, citing the company's strong AI traction and strategic positioning in high-growth markets. This move reflects Truist's focus on digital transformation and AI-driven innovation, aligning with AMD's robust technology offerings.
2. Qualcomm Upgraded to Buy at Arete: Arete Research [2] upgraded Qualcomm (QCOM) to a "Buy" rating with a price target of $200, suggesting a potential upside of 27.86% from the previous close. The upgrade highlights Qualcomm's building momentum in the wireless technology sector, driven by strong earnings and positive analyst reports.
3. Micron Initiated with Outperform at CLSA: CLSA [3] initiated coverage of Micron Technology (MU) with an "Outperform" rating, recognizing the company's potential in the semiconductor industry. The upgrade underscores Micron's strategic position in the high-growth tech sector, particularly in memory and storage solutions.
4. Five Below Upgraded to Outperform at Telsey: Telsey Group [4] upgraded Five Below (FIVE) to an "Outperform" rating, citing positive business inflection points and strong earnings momentum. The upgrade reflects Five Below's successful expansion strategy and its ability to capitalize on consumer trends.
5. Dollar Tree Upgraded to Buy at Telsey: Telsey Group [5] also upgraded Dollar Tree (DLTR) to a "Buy" rating following a positive earnings surprise. The upgrade highlights Dollar Tree's strong performance in the discount retail sector, driven by its successful business model and strategic expansion efforts.
These upgrades reflect a bullish sentiment among Wall Street analysts, who see significant growth potential in these companies. Investors should closely monitor these stocks and the broader market trends to make informed investment decisions.
References:
[1] https://www.ainvest.com/news/truist-strategic-positioning-high-yield-growth-driven-banking-sector-2508/
[2] https://www.marketbeat.com/instant-alerts/arete-upgrades-qualcomm-nasdaqqcom-to-buy-2025-08-26/
[3] https://www.clsa.com/ (Note: The specific article URL for Micron is not provided in the source materials)
[4] https://www.telsey.com/ (Note: The specific article URL for Five Below is not provided in the source materials)
[5] https://www.telsey.com/ (Note: The specific article URL for Dollar Tree is not provided in the source materials)
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