The S&P 500 (SP500) closed in the red on Friday, with Nasdaq (COMP:IND) and Dow (DJI) falling 1.7% and 2.2%, respectively, for the week. Wall Street had a slew of upgrades and downgrades from analysts. Here are some of the major calls for the week:
Oracle upgraded after Q3 results
J.P. Morgan upgraded Oracle (ORCL) to Overweight from Neutral, following the company’s third-quarter results.
The brokerage noted that the severe selloff improves risk-reward against a backdrop of thick investor pessimism. However, the firm lowered PT on the stock to $210 from $230.
Analysts led by Mark Murphy said that they upgraded the shares due to several reasons. They said the material selloff in Oracle’s shares, down 55% since mid-September (versus +1% for the S&P 500 and 0% for the NASDAQ), de-risks valuation.
Murphy and his team noted that the upgrade was also based on incremental proof points supporting the ability to accelerate top line rapidly and converge on growth territory while still growing operating income in the double-digits.
Morgan Stanley adds CrowdStrike to its Top Pick
Morgan Stanley upgraded CrowdStrike (CRWD) to Overweight from Equal-weight and added the cybersecurity company to its Top Pick.
“Upgrading CRWD as durable platform winner from favorable AI positioning, growing uptake of emerging modules and improving endpoint trends. Valuation expensive, but view 20%+ topline growth potential, improving margin/FCF profile and defensible moat as ample justification,” said analyst Meta Marshall, and raised PT on the stock to $510 from $487.
The analysts see CrowdStrike as best able to outperform in coming years, as the platform is most able to gain share, along with Palo Alto Networks (PANW).
Occidental Petroleum gets two analyst upgrades
Wells Fargo upgraded Occidental Petroleum (OXY) to Overweight from Underweight with a $69 price target, up from $47, while Piper Sandler raised the stock to Overweight from Neutral with a $66 PT, up from $54.
Wells Fargo’s Sam Margolin double upgraded Occidental, saying the stock’s peer-leading oil sensitivity is “both an opportunity and a risk,” but stronger Permian Basin productivity and improved capital intensity now support a more constructive setup.
Piper Sandler’s Mark Lear views Occidental as one of the best operators in the Delaware Basin that continues to deliver among the best operating performance in the basin despite some degradation in FY 2025, and noted the company’s FY 2026 guidance was much more capital efficient than initial soft guidance.
Micron in focus ahead of quarterly results
Citi increased price target on Micron (MU) to $430 from $385 ahead of the company’s quarterly results, citing surging memory prices and AI demand.
“We raise our Feb-Q/Apr-Q estimates above the Street driven by better YTD [year-to-date] memory prices. Citi global memory analyst Peter Lee expects DRAM ASPs [average selling prices] to increase 171% Y/Y in 2026 on strong data center demand and NAND ASPs +127% Y/Y on robust eSSD demand. Moreover, media reports (etnews, 4 March 2026) indicate Samsung increasing the DRAM prices 100% Q/Q in 1Q,” said analysts led by Atif Malik.
Wedbush Securities also reiterated its Outperform rating and raised PT to $500 from $320, citing stronger-than-expected pricing.
Nvidia (NVDA) was in focus as Bank of America reiterated its Buy rating and $300 price target on the semiconductor giant ahead of its annual GTC event, set for next week.
Jefferies analysts led by Laurence Alexander raised earnings estimates for several fertilizer producers and upgraded Nutrien (NTR) to Buy, citing a sharp rise in benchmark prices following geopolitical disruptions to production and shipping routes. The brokerage raised its price target by 30% to $96 from $74.