AMD upgraded, Arm downgraded: Wall Street's top analyst calls

2 months ago 16

The Fly

Tue, January 13, 2026 astatine 8:40 AM CST 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

KeyBanc upgraded AMD (AMD) to Overweight from Sector Weight with a $270 terms target. The steadfast believes MI355 request and proviso of MI455 enactment AI revenues of $14B-$15B this twelvemonth for AMD.
KeyBanc upgraded Intel (INTC) to Overweight from Sector Weight with a $60 terms target. The steadfast expects "outsized" information halfway request from hyperscalers this twelvemonth to beryllium a "significant tailwind" for Intel's information halfway and AI revenue.
Goldman Sachs upgraded HP Enterprise (HPE) to Buy from Neutral with a $31 terms people pursuing a transportation successful expert coverage. While the steadfast believes HP Enterprise volition beryllium "a show-me communicative successful 2026," it argues that the merger with Juniper fortifies the company's presumption arsenic the fig 2 subordinate successful the enterprise/campus networking marketplace and expands its scope successful information halfway networking.
Compass Point upgraded MasterCard (MA) to Buy from Neutral with a terms people of $735, up from $620. The steadfast favors the networks implicit each different outgo companies heading into 2026.
Wells Fargo upgraded Colgate-Palmolive (CL) to Equal Weight from Underweight with a terms people of $86, up from $77. The steadfast sees a much balanced risk/reward astatine existent stock levels, saying the risks to Colgate's income maturation and valuation person played out.

Top 5 Downgrades:

Daiwa downgraded PayPal (PYPL) to Neutral from Outperform with a $61 terms target. The steadfast thinks the stock's valuation "will stay astatine depressed levels" until the company's maturation successful full outgo measurement for branded checkout improves.
Oppenheimer downgraded Adobe (ADBE) to Perform from Outperform. The steadfast believes a challenging operating situation during the AI exertion modulation starring to uninspiring and decelerating top-line-growth, inconsistent execution with merchandise cycles, durability concerns astir the moat, lackluster capitalist involvement for owning bundle names, and won year-over-year operating borderline guidance successful FY26 volition apt measurement negatively connected the sentiment for the company's opportunities this year, and bounds near-term upside for the shares.
Jefferies downgraded Five Below (FIVE) to Hold from Buy with a terms people of $210, down from $215. With Five Below's valuation present "well above" its three-year average, Jefferies sees country for aggregate compression arsenic the company's comp maturation normalizes.
Goldman Sachs downgraded HP Inc. (HPQ) to Sell from Hold with a $21 terms people pursuing a transportation successful expert coverage. After a stronger than expected FY25 and fixed imaginable request impacts from higher pricing, statement expectations for Personal Systems maturation successful FY26 whitethorn beryllium excessively high, the steadfast tells investors.
BofA downgraded Arm (ARM) to Neutral from Buy with a $120 terms target, citing a gross slowdown successful some royalties and licensing arsenic good arsenic expanding SoftBank (SFTBY) reliance into calendar twelvemonth 2026.