Wall Street Ratings Roundup Tuesday: Broadcom Upgraded to Buy, Apple Target Raised to $390
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Wall Street issued a wave of tech-stock ratings on October 27 — Broadcom was upgraded to Buy and Apple's target raised to $390 — yet CoreWeave kept its Underperform tag even as its target inched up, showing unresolved disagreement over AI-infrastructure financing risk.
Why was Broadcom upgraded?
DA Davidson moved Broadcom from Neutral to Buy, citing its partnership with Anthropic.
This means → the bet is not just on Broadcom itself but on the Anthropic IPO + OpenAI IPO funding chain — both leading AI firms going public will pull Broadcom's earnings delivery forward over the next several years.
In plain terms = Broadcom is strapped to AI's two biggest "ATM cards." As long as both companies list successfully, Broadcom's order pipeline stays intact.
Why was Apple's target raised?
Goldman Sachs reiterated Apple at Buy and lifted the target from $360 to $390.
Near-term headwinds persist: memory and component inflation plus supply constraints are pushing costs higher.
But recent price increases on iPhone, Mac, and iPad will gradually offset cost pressure; Goldman expects the December quarter to reflect the revenue benefit more fully.
This means → Goldman believes Apple can pass cost increases through to consumers — margins face short-term pressure but will not collapse.
Which other names received upgrades or spotlight picks?
SpaceX was added to Bank of America's "US 1 List" (top-pick roster), with its Buy rating reiterated.
Palantir saw its target lifted to $260 (from $225) by Rosenblatt, implying 60× forward-12-month EPS, timed ahead of November earnings.
Intel had its Buy rating and $140 target reaffirmed by StoneX, holding the call into this week's earnings.
Elsewhere, Macom Technology was upgraded to Outperform by Raymond James; MercadoLibre and Ferguson were both raised from Neutral to Buy by Citi.
Why did CoreWeave get a higher target but keep its Underperform?
Bernstein nudged CoreWeave's target from $51 to $54 but held the rating at Underperform.
This reflects the tension inside the analyst view: the stock has slid since October 14, driven by doubts about its financing position.
Bernstein described it as the most volatile name in the AI trade — "when sentiment swings hard, it hits the highest highs and the lowest lows."
In plain terms = the small target bump is a routine model roll-forward, not a change of heart; the Underperform rating is the real message.
What signal does this ratings wave send?
Broadcom and Apple received the clearest upgrade actions — one tied to the AI funding chain, the other to pricing power offsetting costs.
Utilities also saw action: Truist initiated Buy coverage on PPL Corporation and Evergy.
Loop Capital initiated Buy on Trimble, arguing its valuation — roughly 3.5× EV/revenue and 11.5× EV/EBITDA — is too low for a high-margin, mid-to-high-single-digit grower.
This means → Wall Street money is flowing along two tracks: core AI beneficiaries (Broadcom, Palantir, SpaceX) and oversold value names (Macom, MercadoLibre, Trimble).
市场有风险，内容仅供研究参考，不构成投资建议。