Here are Friday’s biggest calls on Wall Street: Raymond James initiates Astera Labs as outperform The firm said it sees a compelling entry point for the AI connectivity company. “As a leading supplier of high-speed connectivity solutions, ALAB is well-positioned to benefit from the GenAI megatrend. Exponential growth in compute intensity is creating bottlenecks between chips, boards, and racks, which is necessitating high-speed interconnects in which ALAB specializes.” Truist initiates Waystar as buy Truist said shares of the healthcare payment tech company are attractive. “We are initiating coverage of Waystar (WAY) with a Buy rating and a $45.” Barclays initiates Six Flags as overweight Barclays said the entertainment park has “significant” upside. “We initiate with an OW on FUN with a $41 PT for significant self-help driven upside against material share underperformance YTD.” Loop upgrades Chipotle to buy from hold Loop said the Mexican restaurant chain has “manageable tariff risk” and investors should buy the dip. “As discussed in our focus report on CMG published last month on 2-19-25, we believe there is the potential for at least 7.0-8.0% upside to the current consensus EPS estimate of $1.30 for 2025 in the event comparable sales continue to beat expectations over the course of the current year.” Canaccord upgrades Peloton to buy from hold After a change in analyst coverage, the firm upgraded the fitness company and said it has “high-margin recurring revenue stream.” ” Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream.” Citi downgrades T-Mobile to neutral from buy Citi said the stock is overvalued right now. “We believe TMUS is capturing a premium largely due to faster top-line service revenue growth guided at 5% for 2025, whereas the communications industry service revenue is only growing at ~1.5% and strategic products, wireless, and broadband services are each growing at ~4%.” Wells Fargo initiates Viper Energy as overweight Wells said the energy company has upside potential. “We believe VNOM offers investors exposure to a high-growth, oil-weighted, income investment, with strong downside protection. Potential catalysts include further dropdowns and acquisitions.” Mizuho reiterates Nvidia as outperform The firm lowered its price target on the stock to $168 per share from $175 due to slowing growth concerns. “For NVDA,…
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