Arm downgraded, Arista Networks upgraded: Wall Street's top analyst calls

3 days ago 9

The Fly

Tue, April 7, 2026 astatine 8:47 AM CDT 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

Rosenblatt upgraded Arista Networks (ANET) to Buy from Neutral with a terms people of $180, up from $165, based connected accrued assurance successful the XPO strategy announced astatine OFC and amended knowing of the sizing of the ample front-end wins with Google (GOOGL) and Anthropic.
Barrington upgraded FuboTV (FUBO) to Outperform from Market Perform with a $16 terms target. The company's updated fiscal outlook calls for EBITDA of $80M-$100M for fiscal 2026, improving to $300M successful fiscal 2028, the steadfast tells investors successful a probe note.
Citi upgraded Wingstop (WING) to Buy from Neutral with a terms people of $230, down from $286. Citi does not spot an "immediate solution" for a same-store-sales rebound astatine Wingstop, but easing compares and the company's "self-help" actions could bring a rebound successful the 2nd fractional of 2026.
Citizens upgraded Rocket Lab (RKLB) to Outperform from Market Perform with an $85 terms target. The company's launch, defence abstraction systems, and "clearer way toward higher-value" abstraction services creates a risk/reward illustration that is "meaningfully successful Rocket Lab's favor," the steadfast tells investors successful a probe note.
Jefferies upgraded MercadoLibre (MELI) to Buy from Hold with a terms people of $2,600, down from $2,800. Earnings downgrades driven by borderline compression person driven valuations to "historical implicit and comparative lows," but higher concern is paying disconnected done stronger gross drivers, the steadfast tells investors.

Top 5 Downgrades:

Morgan Stanley downgraded Arm (ARM) to Equal Weight from Overweight with a terms people of $150, up from $135.While Arm's strategical positioning and aboriginal plan transportation "have been exemplary," its commercialized ramp volition instrumentality time, the steadfast tells investors successful a probe note.
Scotiabank downgraded Equinix (EQIX) to Sector Perform from Outperform with a terms people of $1,050, up from $997. The steadfast cites valuation for the downgrade pursuing the caller rally.
Citizens downgraded Wix.com (WIX) to Market Perform from Outperform without a terms target. The company's Dutch auction that retired 29.7% of its shares outstanding "meaningfully reduced" its currency position, the steadfast tells investors successful a probe note.
UBS downgraded Western Alliance (WAL) to Neutral from Buy with a terms people of $75, down from $106, aft transportation successful expert coverage. The steadfast sees "no crushed to question retired hazard successful a radical already fraught with concern."
TD Cowen downgraded Soleno Therapeutics (SLNO) to Hold from Buy with a terms people of $53, down from $85, aft Neurocrine (NBIX) announced a woody to get the institution for $2.9B oregon $53 per stock successful cash. Stifel, Oppenheimer and Wolfe Research besides downgraded the banal to Neutral-equivalent ratings.