Buy/Sell: Wall Street’s top 10 stock calls this week

What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 3-7.

Find all top-rated stocks by the best-rated analysts on TipRanks.

Top 5 Buy Calls:

1. TD upgrades Tesla to Buy after selloff

TD Cowen upgraded Tesla (TSLA) to Buy from Hold with a price target of $388, up from $180, after assuming coverage of the name. The firm sees merits in both the bull the bear case for the stock, but it ultimately comes out “tactically bullish” given the recent share price pullback coming “ahead of several potentially consequential catalysts this year.” Tesla’s “potentially game-changing level catalysts” across electric vehicles, autonomous vehicles and robotics are robust enough to tilt the stock’s risk/reward favorably with the shares pulling back meaningfully from recent highs, TD Cowen tells investors in a research note.

2. Chipotle upgraded to Overweight at Morgan Stanley 

Morgan Stanley upgraded Chipotle (CMG) to Overweight from Equal Weight with a price target of $70, up from $65. The firm says Chipotle is a “quality large cap growth compounder” with the flat stock price relative to 12 months ago. An entry point has presented itself, the firm tells investors in a research note. The stock has continued to fade on weak sales data and growth stock pressures, which creates an opportunity if one thinks these are short term headwinds, contends Morgan Stanley. It thinks Chipotle’s drivers of product, marketing, and throughput should still be effective in delivering a “decent” 2025 and beyond.

3. Cantor starts Robinhood at Overweight on “handful of growth vectors” 

Cantor Fitzgerald initiated coverage of Robinhood (HOOD) with an Overweight rating and $69 price target. The firm says Robinhood is one of the most popular financial services platforms, particularly among younger generations. No longer a “one-trick pony,” the company now “has a handful of growth vectors” that will help deliver through-cycle growth and market share gains, Cantor Fitzgerald tells investors in a research note. With Robinhood taking share in equity and crypto, the stocks risk/reward is attractive at current levels, despite the year-to-date rally, contends the firm. Cantor Fitzgerald believes the market is underestimating Robinhood’s potential within both equities and crypto. It sees platform expansion driving upside surprises to profitability over the medium-term, supporting a re-rate higher of the shares.

4. Okta upgraded to Buy at DA Davidson 

DA Davidson upgraded Okta (OKTA) to Buy from Neutral with a price target of $125, up from $90. The company reported “very strong” Q4 results and meaningfully raised its fiscal 2026 guidance, the firm tells investors in a research note. DA Davidson says Okta’s sales productivity reached a multi-year high, enterprise and channel contribution are picking up, and its newer products are contributing more meaningfully. The company’s double-digit growth “now seems durable,” contends the firm.

Okta upgraded to Outperform at Mizuho 

Mizuho upgraded Okta to Outperform from Neutral with a price target of $127, up from $110. The company reported “an incredibly robust” Q4, driven by remaining performance obligation growth of 15% year-over-year that “crushed guidance,” the firm tells investors in a research note. Mizuho says Okta continues to be a clear leader in the “critically important” identity management market. The firm now has a higher confidence level that the company will increasingly benefit from its group of newer products that have already begun to drive a meaningful contribution.

5. BofA upgrades Zscaler to Buy on improving growth drivers 

BofA upgraded Zscaler (ZS) to Buy from Neutral with a price target of $240, up from $215. The company reported “strong” fiscal Q2 results with billings up 18% and revenue up 23% year-over-year, driven by upsell and larger deal sizes, the firm tells investors in a research note. BofA says Zscaler is showing “good signs” of successful diversification, solid order growth and improvement in upsell capabilities. The company’s key positives include a strengthening portfolio, especially on zero-trust and data initiatives, and ramp in sales productivity, following last year’s changes, contends the firm.

Top 5 Sell Calls:

1. Southwest downgraded to Underweight at JPMorgan

JPMorgan downgraded Southwest (LUV) to Underweight from Neutral with an unchanged price target of $25. The stock’s “valuation premium can’t be ignored,” the firm tells investors in a research note. JPMorgan cites the combination of Southwest’s “surging valuation premium” and its desire to rebalance ratings following the addition of Sun Country for the downgrade. The firm believes Southwest’s best margin and return on invested capital “days lie in the past.”

2. Wells downgrades Sunnova to Underweight on debt maturity risk 

Wells Fargo downgraded Sunnova Energy (NOVA) to Underweight from Equal Weight with a price target of 50c, down from $4. The firm cites a lack of visibility on how the company will address its 2026 debt maturities and reputational risk from the going concern language potentially impacting new originations for the downgrade. Wells forecasts Sunnova will generate “only” $150M per year of cash in 2025 and 2026, which it notes is well below the current market value of its debt maturing in 2026. The company has a funding deficit ranging from $280M to $700M, the firm tells investors in a research note.

3. Arete cuts AppLovin to Sell on “failing” e-commerce growth story 

Arete downgraded AppLovin (APP) to Sell from Neutral with a $200 price target. The firm sees risks to AppLovin’s e-commerce growth story, saying it is “failing to provide compelling” return on ad spend at scale across typically low quality, long-tail mobile gaming ad inventory. Arete’s prior bull case for the e-commerce business has been priced into the stock, and consensus estimates “now appear too high on any reasonable view,” the firm tells investors in a research note.

4. Adient downgraded to Underperform at BofA on lower auto production view 

BofA downgraded Adient (ADNT) to Underperform from Neutral with a price target of $18, down from $24, after the firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Continued challenges resulted in the company revising its expectations for FY25 lower, driven by weaker production volumes in Europe and China, the “company’s crown jewel,” BofA tells investors.

5. BofA cuts “relative underperformer” Teleflex to Underperform 

BofA downgraded Teleflex (TFX) to Underperform from Neutral with a price target of $140, down from $235. As several challenges are likely to limit upside to 2025 results and the announced separation into two public companies may not unlock meaningful value, the firm expects Teleflex to be a “relative underperformer.” Shares are down 24% since Teleflex announced a Q4 revenue miss, 2025 revenue and EPS guidance well below the Street, its CFO’s retirement, an $800M acquisition and the planned split last week, BofA noted.