Wall Street analysts issue calls on Adobe, Broadcom, Meta, Shopify, Space-X and others

Analyst
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Summary · why it matters

Wall Street analysts issued a flurry of ratings changes on Tuesday, July 7, 2026. Bank of America downgraded Adobe to Underperform from Buy with a $190 target, while Erste Group cut Broadcom to Hold from Buy. Meta Platforms was upgraded to Buy from Hold at Erste Group, and Shopify was reinstated with a Buy rating at Bank of America with a $150 target. Space Exploration Technologies, which recently completed a massive IPO and joins the Nasdaq-100 today, drew Buy initiations from Goldman Sachs at $205, UBS at $210, and Stifel at $190. Other notable moves include Cloudflare upgraded to Outperform at Scotiabank, First Solar raised to Buy at Deutsche Bank, and American Airlines downgraded to Hold at Melius Research.

Impact on stocks 16

Cloud & Digital Infrastructure▲ · 2 stocks
Cloudflare Inc
NET
▲ PositiveCapitalrelevance

Cloudflare upgraded to Outperform at Scotiabank.

Shopify Inc
SHOP
▲ PositiveCapitalrelevance

Shopify reinstated with a Buy rating at Bank of America with a $150 target.

Artificial Intelligence▼ · 2 stocks
Aging Population▲ · 2 stocks
Financials▲ · 2 stocks
Space Economy▲ · 1 stocks
Industrials▼ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
Information Technology▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
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