These are the biggest calls on Wall Street on Friday: Wedbush adds Tesla to its best idea list Wedbush added stocks to its top picks and said investors are starting to “get it fundamental value in the Tesla EV ecosystem by 2024 and beyond.” “We’ll also be adding Tesla to Wedbush’s Best Ideas List this morning as the Street begins to become more aware of the underlying value in the Tesla EV ecosystem in 2024 and beyond.” Wells Fargo upgraded Adobe by weight from the same weight Wells said it is optimistic about the company’s AI opportunities. “The AI debate continues to drive ADBE. Following the completion of recent work, we are more confident that Gen AI will be a headwind for ADBE as we expect much of the initial value to be accumulating to established platforms and seeing the potential for further breakouts as products are monetized.” Read more about the call here. UBS reiterates On Holding is buying UBS said it saw the sneakers company’s stock perform better. “We think On’s focus on innovation, performance, athletes, sports, direct-to-consumer sales, and maintaining a premium, full-price brand image will lead to business growth.” industry leading earnings and earnings. Our view is that this should drive the stock’s outstanding performance.” Morgan Stanley reiterates General Motors is overweight Morgan Stanley said GM and Tesla’s charging deal could be a game changer. “We consider the agreement between GM and Tesla to be [a] KeyBanc reiterated that Apple is overweight Key said its survey tests show iPhone sales remain “silent” for Apple. lowers store expectations, while Key First Look Data shows iPhone sales (-8% monthly, -14% yearly) below historical seasonal trends.” that it sees a more balanced risk/reward for Target.”Despite recent stock pressures, we cannot recommend investors to buy stocks based on these dynamics and currently believe risk/reward The rewards are more balanced, but the risks are tilted to the downside in the short term. “Read more about the call here. Morgan Stanley reiterates comparable-weight Carvana Morgan Stanley said the stock is being slightly more constructive after the company announced improved second-quarter guidance.” Carvana achieved EBITDA profitability in 2021, but on a more solid and structured basis, can they make it stick this time? Could this be the inflection point we’ve been waiting for?” Roth MKM initiated Vision Marine when it bought Roth said the electric boating company was a “unique game in boat technology and EV powertrains.” “Vision is working to bring the benefits of powertrain electrification to the world of eco-friendly and efficient sailing. Mgmt introduced the E-Motion outboard electric motor on December 22nd and we expect the product to become a key driver of future growth when commercial deliveries begin in late 2023. . market confidence, as we have seen strong corporate performance through deeper disruptions during the pandemic.” Jefferies reiterated Walmart as buy Jefferies said Walmart is in a good position in the environment. With this momentum, we are gradually increasing the value of WMT as it is a value leader in the grocery industry with a strong private label offering, and are currently investing to improve reliability. order-to-order economy and customer experience.” Pivotal echoed Netflix when buying Pivotal raised its target price per share to $535 a share from $420 and said it’s a “unique growth story.” “We raised our YE’23 price target from $425 to a peak of $535, mainly due to our terminal EBITDA multiple (’27) increasing from 16X to 19X and to a lesser extent the impact of increasing our free cash flow expectations for ’23 and beyond.” earlier this week.” On a separate note, while we don’t expect the recently launched Apple Vision Pro mixed reality headset to ‘move the needle’ much for Best Buy in the near term, we do that the company will benefit from increasing consumer awareness of virtual and augmented reality (VR and AR) and accelerating investment by existing and new players.” Citi adds Meta to focus list Citi added the stock to its focus list and said it sees revenue growth accelerating. “The key takeaway here is that we believe Meta can deliver rapid revenue growth and improved profitability as it is still quite early to fully benefit from advertising and innovation innovations.” WHO.” Canaccord Initiated Joby and Archer In Buying Canaccord Initiated Several Urban Air Transport Companies On Friday And Says They Are Well Positioned For The Long Term. “In our view, JOBY and ACHR are the closest companies to having their respective aircraft types certified by the regulator, with years of flight testing under their belts and final project approvals.” expected in 2024 (ACHR) and 2025 (JOBY).EVEX, backed by OEM Embraer aircraft, has yet to fly the aircraft but has amassed an $8.3 billion order backlog . JOBY, ACHR and EVEX are also well-capitalized.” UBS names Ulta as top pick UBS says it finds the risk/reward attractive. “After shares of ULTA fell 20% last month, we think the risk reward is definitely tilted to the upside.” Read more about this call here. Morgan Stanley upgraded Corning from the same heavyweight as Morgan Stanley said during the glass company upgrade that it finds the risk/reward attractive. “We upgraded GLW to OW because we believe estimates and valuations are under-risked.” Read more about this call here. BMO reiterated that Microsoft outperforms BMO has raised its share price target to $385 a share from $347 and says the company’s AI opportunities are optimistic. “We are increasingly confident that MSFT is establishing an AI leadership position, and we reiterate the view from our AI Innovation Parts 1, 2 and 3 noting that AI can drive growth opportunities revenue in the next few years.” Guggenheim Reiterates Nike Should Buy Guggenheim said it is standing by its buy rating when it comes to Nike earnings later this month, but is becoming more cautious. “While we are taking a more conservative and conservative stance towards FY24, we believe that the company’s brand portfolio remains strong, its competitive position remains enviable and The company’s financial strength remains strong.”