Here are Friday’s biggest calls on Wall Street: Bernstein launches MicroStrategy as it outperforms. Bernstein said he is bullish on the Bitcoin company’s stock and sees Bitcoin reaching $200,000 by the end of 2025. “We are initiating coverage on MicroStrategy (MSTR) with an outperform rating.” Evercore ISI Launches AZZ to Outperform Evercore said metal coatings company AZZ is well-positioned for growth in the future. “Leading Metal Coatings Market Stocks + Secular Demand Tailwind + Inorganic Growth Opportunities + Simplified Capitalization Structure = Buy.” DA Davidson launches Duolingo, buys DA Davidson said it was a “leader” in the field of online language learning. “We are initiating coverage of DUOL with a Buy rating and a PT of $250.” KBW Upgrades Bank of America to Outperform Compared to Market Performance KBW said in its bank upgrade that it sees several positive catalysts ahead. “We are upgrading BAC to outperform with strong capital, deposits and credit.” Bernstein reiterates that Tesla is underperforming. Bernstein said he maintained his underperform rating on the stock despite the shareholder vote. “Shareholders voted in favor of Elon Musk’s pay package, and while he still faces legal challenges, it is a positive endorsement for CEO Musk and a relief for Tesla shareholders .” Piper Sandler reaffirms that Pinterest is one of the best choices. Piper said she maintains her overweight on the stock. “We remain bullish on PINS and reiterate our top pick SMID.” Evercore ISI Upgrades Ovintiv to Outperform Over Line Evercore said the natural gas company is well positioned. “We rate OVV from In Line to Outperform. While the relative performance of the sector over the past 6 months speaks volumes, in our view the stock remains well positioned relative to its small-cap peers.” Evercore ISI Upgrades Shopify to Outperform Over Line Evercore said it sees an attractive entry point for the stock. “We upgrade SHOP shares to Outperform with a PT of $75 as the stock’s recent pullback has created an attractive entry point to owning a blue-chip e-commerce platform business.” Morgan Stanley Reiterates Sunrun as Overweight Morgan Stanley raised its price target on the solar company from $24 to $29 per share. “RUN, rated OW, remains our preferred way to play distributed solar. » Guggenheim reiterates the purchase of Spotify. Guggenheim said the audio company remains the company’s best idea. “We have maintained a BUY rating on Spotify since March 2023, reflecting our confidence in the company’s position as a global leader in audio streaming and management’s increased focus on disciplined growth. » Macquarie Launches Roblox as Outperformer Macquarie said Roblox is the “building blox of the metaverse.” “Roblox is a large-scale gaming platform, poised to post a double-digit CAGR over the next three years.” UBS upgrades Tutor Perini to purchase from a neutral company. UBS said the construction company was undervalued. “We are upgrading TPC from neutral to buy. TPC has posted losses over the past two years, and we believe this leaves investors undervaluing the earnings power of its core business.” TD Cowen reiterates purchase of Virgin Galactic. TD Cowen said it maintained its buy rating following a meeting with the company’s management. “We hosted SPCE CEO Michael Colglazier at our conference and visited Spaceport America for Galactic Flight 7.” JPMorgan upgrades Zscaler from neutral to overweight. JPMorgan said in its Zscaler upgrade that the information security company’s shares were undervalued. “Disruptive Zero Trust Leader at a Discount, Move to Overweight.” JPMorgan upgrades Varonis from neutral to overweight. JPMorgan said the automated data security company had a “compelling valuation with improving fundamentals.” “A recent decline in the company’s stock price presents an attractive setup for the second half of the year for VRNS, with several upside levers in our view.” UBS picks up Permian Resources to buy from a neutral company. UBS said it was bullish on the oil and gas company’s shares. “We are changing the PR to Buy and increasing our PT from $20 to $21 as we see two positive catalysts in 2H24 to drive shares higher.” Morgan Stanley downgrades Twilio to equal weight from overweight. Morgan Stanley said in its downgrade on the stock that it currently sees better value elsewhere. “Even though TWLO is a story we still like in the long term, we expect little credit over the next 12 months.” JPMorgan reaffirms that Amazon is overweight. JPMorgan said the e-commerce giant remains one of the company’s top picks. “AMZN is expected to overtake WMT as the largest U.S. retailer in 2024 and more than 40% penetration of electronic communications is possible in the long term.” JPMorgan upgrades Adobe from neutral to overweight. JPMorgan upgraded Adobe following Thursday’s results. “Upgrade to overweight for smoother navigation with new products and favorable pricing, GenAI monetization.” Bank of America upgrades Hasbro to purchase from a neutral company. Bank of America said the toy company has “a lot more for investors to play with.” “We do not believe the consensus forecast fully explains the success of HAS’s digital gaming strategy with Monopoly Go! and we expect the game to move away from minimum royalty guarantees in the second quarter, before generating approximately $36 million operating profit contribution per quarter in second half » Bernstein reiterates that Apple and Baidu outperform Bernstein said that Baidu’s role in Apple Intelligence appears limited but that it stands with the. Chinese technology company. The company also says it maintains its outperform rating on Apple. “Apple appears to be taking more control over the designs built into its devices. This would mean that Baidu’s reach will be more limited than we initially thought, with Apple potentially using its own chip design and a combination of its own/Baidu designs to the most advanced models. Loop reiterates that Costco bought Loop said he is sticking with the big-box warehouse giant’s stock. “We reiterate our Buy rating and raise our price target on Costco shares from $890 to $940.” Wolfe reiterates that Nvidia is outperforming Wolfe said that Nvidia is one of the company’s top picks. “NVDA remains one of our favorite names in the semifinals and we expect its strong competitive position in AI to generate strong leverage on demand and pricing for its GPUs (graphics processing units) for data centers over the coming years.” Morgan Stanley reiterates its overweighting on Tesla. Morgan Stanley said it maintains its overweight position on Tesla. “While we believe this recent period of uncertainty surrounding the company’s direction has weighed heavily on the stock, we look forward to benefiting from Elon Musk’s full attention and energy behind the strategy of the company as it undertakes the greatest metamorphosis in its history.