Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week.
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Boeing
What happened? On Monday, BofA upgraded Boeing Co (NYSE:BA) to Buy with a Street High $260 price target.
*TLDR: Boeing favored in global trade deals. Stabilized production signals buying opportunity.
What’s the full story? Boeing aircraft have become the Trump Administration’s go-to trade instrument, with recent deals in the UK (32 aircraft), Qatar (210), UAE (28), and China (lifting the BA ban) setting a template for future negotiations. BofA sees these developments as precedential, enhancing BA’s positioning in global trade dynamics. While the backlog isn’t the cornerstone of The team’s valuation, the broader picture matters.
BofA observes stabilizing production, carve-outs reducing free cash flow pressures, and a streamlined portfolio aligning with BA’s status as a "favored trade mechanism." This convergence, in The team’s view, signals a compelling buying opportunity.
The interplay of these factors underscores a strategic inflection point for BA, creating value for discerning investors
What happened? On Tuesday, JPMorgan upgraded Pinterest Inc (NYSE:PINS) to Overweight with a $40 price target.
*TLDR: Pinterest gains users, boosts revenue, undervalued. JPMorgan upgrades.
What’s the full story? The top-tier bank notes PINS shares are up 10% YTD but still trail the S&P 500’s recovery from February highs.
The bullish pivot stems from Pinterest’s strides in growing users, deepening engagement, and boosting monetization, with mid-to-high teens revenue CAGR and a 30-34% EBITDA margin target in sight. The platform’s full-funnel ad approach and AI tools like Performance+ are luring mid-tier advertisers, with sophisticated advertisers already dedicating 5-10% of budgets. Key to the upgrade: Pinterest’s mobile-first strategy drives 85% of MAUs and over 90% of revenue, shielding it from Google-led search disruptions.
The bank sees potential upside from faster revenue growth, cost discipline, and undemanding valuation, with shares trading at 13x 2026 FCF and 12x 2026 EBITDA, below historical averages.
The bank projects 14% YoY revenue growth for 2Q and 2025, calling it conservative given Pinterest’s progress. With the platform nearing the low end of its EBITDA margin target and SBC as a % of EBITDA expected to decline, JPMorgan sees a favorable risk/reward.
Increased estimates for 2025/2026 and a new $40 price target reflect confidence in Pinterest’s execution and market positioning, which the bank believes remains underappreciated.
Apple
What happened? On Wednesday, Needham downgraded Apple Inc (NASDAQ:AAPL) to Hold without a price target.
*TLDR: Apple downgraded amid growth, valuation concerns. No catalyst in sight.
What’s the full story? Needham slashes Apple to Hold, calling out the tech giant’s cracks.
The firm warns AAPL’s near-term revenue and EPS growth face mounting headwinds, with fundamentals eroding under pressure. Competition? Brutal. Every Big Tech titan is gunning for Apple’s 15%-30% platform tax, while GenAI innovations threaten to disrupt iOS dominance with new hardware paradigms. Valuation? Stretched. As of 6/2/25, AAPL trades at a forward 2026 P/E of over 26x—a premium that’s harder to justify by the day.
The firm sees no clear catalyst in sight. Without a fresh iPhone replacement cycle—unlikely in the next 12 months—AAPL remains overvalued. Needham pegs $170-$180/share as a more palatable entry point.
One wildcard? Advertising. If Apple pivots aggressively into ad revenue, it could juice growth. But until then, the firm stays sidelined, watching the bull case crumble. In a market this unforgiving, timing is everything—and Apple’s time isn’t now.
Chewy
What happened? On Thursday, Jefferies downgraded Chewy Inc (NYSE:CHWY) to Hold with a $43 price target.
*TLDR: Jefferies sees strong pet retailer earnings but high valuation. Near-term upside appears limited without macro catalysts.
What’s the full story? Jefferies notes that the pet e-commerce retailer is achieving stronger earnings, driven by supply chain improvements, increased sponsored ad revenue, and growing adoption of pet health services. The analysts highlight that as the pet industry stabilizes and digital marketing delivers higher returns, the company is likely to gain market share and boost customer spending.
However, Jefferies remains cautious, citing valuation concerns. At 24x 2026 EBITDA—roughly one standard deviation above its historical average—the stock’s recent 41% year-to-date rally suggests much of the optimism is already priced in.
While the company appears well-positioned to exceed first-quarter expectations and raise guidance, Jefferies sees limited near-term upside. The analysts argue that further multiple expansion is difficult to justify without a positive macroeconomic catalyst, such as an uptick in net new households.
For now, Jefferies stays on the sidelines, wary of paying a premium for a stock that may have exhausted its near-term momentum.
Deere
What happened? On Friday, Melius upgraded Deere & Company (NYSE:DE) to Buy with a $750 price target.
*TLDR: Melius sees Deere’s ag tech leadership as unmatched. Recurring revenue potential cements its long-term dominance.
What’s the full story? Melius is stepping back into the fray. The team acknowledges that the timeline for cyclical recovery and the market’s recognition of Deere’s unique position remains unclear. Yet, it’s evident that Deere’s leadership in agricultural technology will deliver transformative value to farmers, and the company stands to capture a significant share of that upside. The target assumes investors will begin pricing in recurring revenue potential—projected at $5 billion by 2030, or 10% of sales—as the company’s capabilities become more apparent.
Beyond that, the runway is vast.
Deere’s tech advantage is exceptional, fortified by multiple moats that are hard for competitors to replicate. The team notes that delivering advanced ag tech requires more than just innovative tools—it demands a comprehensive ecosystem of durable machinery, sensors, and a decades-deep dealer network capable of providing both mechanical and technical support.
Deere’s management is agile, focusing on innovation while ensuring farmers understand the value. Add in the entrenched advantages of market share, R&D, and scale, and Deere is already 5-10 years ahead on data integration—a critical lock-in mechanism.
Melius is confident: Deere isn’t just leading the ag tech race; it’s defining it, whether the horizon is five years or fifteen.