Top Stock Upgrades Today Catching the Buzz on Wall Street

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•  06 May 2026
 

$AMD collected the most firepower of any name on the tape today, pulling upgrades from Goldman Sachs, Bernstein, and Seaport simultaneously after posting its best quarter on record with $10.25 billion in revenue, data center up 57%, and free cash flow surging nearly 253%. Goldman lifted its target to $530 while Bernstein went to $525, both anchoring their conviction on the MI300 ramp and sustained institutional flows into AI infrastructure names. The stock has run 63% in a single month and now trades at 51 times forward earnings, so the upgrade cycle is real but the entry point requires discipline.

$NVDA attracted fresh buy calls from Goldman Sachs and Bernstein on the back of record Q4 revenue of $68 billion, 73% year-over-year growth, and a forward price-to-earnings ratio of 24 that looks cheap relative to the growth profile. Networking revenue was up 263% and free cash flow hit $34.9 billion in the quarter alone, metrics that justify the persistent earnings momentum argument. With the Rubin platform on deck and a multi-generation GPU agreement with Meta in place, the catalyst path into 2027 is well-defined.

$PLTR received upgrades from both Goldman Sachs and Argus, with Argus setting a $190 target as US commercial revenue grew 133% and full-year guidance was raised to 61% growth. The business is operationally elite with a Rule of 40 score of 145%, but the stock trades at 154 times earnings and 73 times sales, and the consensus across 31 analysts sits well below current levels with multiple hold and sell ratings embedded in the mix. The upgrade cycle here is a story of exceptional fundamentals fighting a very stretched multiple.

$INTC pulled upgrades from Freedom Broker and was highlighted across multiple institutional research pieces after Q1 adjusted EPS of $0.29 crushed the $0.01 consensus, with revenue of $13.6 billion beating by over $1 billion. The foundry narrative under CEO Lip-Bu Tan is gaining credibility with 18A yields improving and 14A showing early signals, and Q2 guidance of $13.8 to $14.8 billion came in well above the $13.06 billion consensus. This is a turnaround story with the first quarter of real operational reinforcement behind it.

$GOOG was upgraded by Freedom Broker and Morgan Stanley following Q1 EPS of $5.11 against a $2.67 consensus, with Search growing 19%, Google Cloud up 63%, and paid subscriptions reaching 350 million. The Cloud backlog nearly doubled sequentially to $460 billion, a number that points to durable revenue visibility and potential for multiple expansion as AI monetization matures. Citizens raised its target to $515 and called out vertical integration and TPU commercialization as drivers of addressable market expansion.

$GFS received a double upgrade from Susquehanna, moving to Positive from Neutral with a target raised to $100 from $50, citing accelerating bookings, normalizing inventories, and expanding data center exposure. The target doubling in a single action is the kind of conviction call that tends to attract institutional attention and can trigger a reassessment of positioning among funds that have been underweight the name.

$SYM was upgraded to Buy by DA Davidson with a $121.35 target, a significant premium to current levels that reflects confidence in the robotics automation cycle and the company execution trajectory. This is a smaller, higher-beta name where the upgrade carries more relative weight given thinner coverage and lower baseline institutional saturation.

$ANET was upgraded by Morgan Stanley to Overweight with a $180 target ahead of Q1 earnings, with Evercore adding it to its Tactical Outperform list expecting upside driven by AI demand and enterprise momentum. JPMorgan had already lifted its target to $200, building a consensus around the view that AI infrastructure spending will continue to flow through networking hardware at a rate the market has not fully priced.

$MNST was upgraded to Buy by Redburn with a $235 target, a straightforward consumer staples call on a name that has lagged the broader market and now offers a cleaner risk-reward setup without the valuation complexity embedded in the tech upgrades dominating today.

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