Wall Street saw a wave of impactful analyst calls, driving notable moves across major tech and industrial names. Palantir Technologies continues to gain momentum ahead of its upcoming earnings, with Oppenheimer reiterating its bullish stance after recent outperformance. Meanwhile, JPMorgan Chase downgraded Meta Platforms to neutral, citing intensifying competition in the full-stack AI space sending shares lower following its latest results.
On the bullish side, Bank of America reaffirmed a $300 price target on NVIDIA ahead of its highly anticipated earnings report on May 20th, reinforcing continued confidence in the AI-driven semiconductor leader.
Outside of tech, Caterpillar stood out as a major mover on the Dow Jones Industrial Average, surging nearly 10% after forecasting stronger annual revenue. As one of the most heavily weighted stocks in the Dow, Caterpillar’s rally has been a key driver of the index’s performance, marking its sixth consecutive day of gains and cementing its position as one of the top-performing names over both the past year and longer-term horizons.