Weekly recap

Wall Street analyst calls: Mar 23 – Mar 29, 2026

36 research notes from 22 Wall Street firms on 11 companies. 2 upgrades, 3 downgrades, 1 initiation, 12 price-target increases and 7 cuts.

2Upgrades3Downgrades1Initiations12Targets raised7Targets cut36All notes

Upgrades 2

NeedhamArmBuyNeedham · Upgraded · Mar 26 $200 Raymond JamesArmBuyRaymond James · Upgraded · Mar 25 $166

Downgrades 3

BernsteinQualcommHoldBernstein · Downgraded, cut price target −20% · Mar 26 $140from $175 MacquarieXPengHoldMacquarie · Downgraded · Mar 24 HK$73 MacquarieXPengHoldMacquarie · Downgraded, cut price target −21% · Mar 23 $19from $24

New coverage 1

Bank of AmericaOracleBuyBank of America · Initiated coverage · Mar 24 $200

Biggest price-target increases 12

RBC CapitalArmBuyRBC Capital · Raised price target +35%, kept rating · Mar 25 $175from $130 EvercoreArmBuyEvercore · Raised price target +34%, kept rating · Mar 25 $227from $170 JefferiesArmBuyJefferies · Raised price target +24%, kept rating · Mar 25 $210from $170 BarclaysArmBuyBarclays · Raised price target +21%, kept rating · Mar 25 $200from $165 GuggenheimArmBuyGuggenheim · Raised price target +19%, kept rating · Mar 25 $240from $201 Deutsche BankArmHoldDeutsche Bank · Raised price target +12%, kept rating · Mar 26 $140from $125 Bank of AmericaArmHoldBank of America · Raised price target +11%, kept rating · Mar 25 $155from $140 Wells FargoArmBuyWells Fargo · Raised price target +10%, kept rating · Mar 25 $165from $150

Biggest price-target cuts 7

RosenblattSuper Micro ComputerBuyRosenblatt · Cut price target −36%, kept rating · Mar 25 $32from $50 CitiSuper Micro ComputerHoldCiti · Cut price target −36%, kept rating · Mar 24 $25from $39 Bank of AmericaSuper Micro ComputerSellBank of America · Cut price target −29%, kept rating · Mar 23 $24from $34 MacquarieXPengHoldMacquarie · Downgraded, cut price target −21% · Mar 23 $19from $24 BernsteinQualcommHoldBernstein · Downgraded, cut price target −20% · Mar 26 $140from $175 BarclaysXPengSellBarclays · Cut price target −6%, kept rating · Mar 23 $16from $17 Bank of AmericaAppleBuyBank of America · Cut price target −2%, kept rating · Mar 23 $320from $325

Most-covered companies

Arm 13XPeng 6NVIDIA 4Apple 3Super Micro Computer 3Alphabet (Google) 2ASML 1Qualcomm 1Oracle 1Lucid 1Rivian 1

Most active firms

Bernstein 4Bank of America 4Cantor 3Wells Fargo 2UBS 2Evercore 2Barclays 2Rosenblatt 2Macquarie 2Wolfe Research 1Deutsche Bank 1Needham 1

All notes 36

  1. Wells Fargo Raises Alphabet Price Target to $397
  2. Wolfe Research Reiterates Outperform on NVIDIA, $275 Price Target
  3. Bernstein Raises ASML Price Target to $1,971
  4. Bernstein Downgrades Qualcomm to Market Perform
  5. Needham Upgrades Arm Holdings to Buy
  6. Deutsche Bank Raises Arm Holdings Price Target to $140
  7. UBS Raises Arm Holdings Price Target to $175
  8. Evercore ISI Reiterates Outperform Rating on Alphabet, $400 Price Target
  9. UBS Reiterates Neutral Rating on Apple Following User Survey, $280 Price Target
  10. Rosenblatt Lowers Super Micro Computer Price Target to $32
  11. Raymond James Upgrades Arm Holdings to Outperform
  12. Mizuho Reiterates Outperform Rating on Arm Holdings
  13. Benchmark Reiterates Hold Rating on Arm Holdings
  14. Wells Fargo Raises Arm Holdings Price Target to $165
  15. RBC Capital Raises Arm Holdings Price Target to $175
  16. Guggenheim Raises Arm Holdings Price Target to $240
  17. Evercore ISI Raises Arm Holdings Price Target to $227
  18. BofA Securities Raises Arm Holdings Price Target to $155
  19. Jefferies Raises Arm Holdings Price Target to $210
  20. Barclays Raises Arm Holdings Price Target to $200
  21. Citi Lowers Super Micro Computer Price Target to $25
  22. BofA Securities Reinstates Oracle at Buy
  23. Macquarie Downgrades XPeng to Neutral, HK$73 Price Target
  24. BofA Securities Lowers Super Micro Computer Price Target to $24
  25. BofA Securities Lowers Apple Price Target to $320
  26. Morgan Stanley Reiterates Overweight Rating on Apple, $315 Price Target
  27. Nomura/Instinet Lowers XPeng Price Target to HK$94
  28. CLSA Raises XPeng Price Target to HK$80
  29. Macquarie Downgrades XPeng to Neutral, $19 Price Target
  30. Barclays Lowers XPeng Price Target to $16
  31. Bernstein Raises XPeng Price Target to $22
  32. Rosenblatt Recaps NVIDIA GTC 2026, Reiterates Buy
  33. Cantor Fitzgerald Reiterates Overweight on NVIDIA, $300 Price Target
  34. Bernstein Reiterates Outperform on NVIDIA
  35. Cantor Fitzgerald Reiterates Neutral Rating on Lucid
  36. Cantor Fitzgerald Reiterates Neutral on Rivian Amid Uber Tie-Up
Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.