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 17-21. 

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

Top 5 Buy Calls:

1. Scotiabank starts Microsoft at Outperform at outset of “paradigm-shifting year”  

Scotiabank initiated coverage of Microsoft (MSFT) with an Outperform rating and $470 price target. The firm cites the company’s “position as a leading horseman of the AI revolution,” which it thinks will drive sustainable fundamental growth and account for nearly 60% of incremental revenue in FY27. Scotia expects 2025 will be “a paradigm-shifting year during which customer investments accelerate in AI on Azure and Microsoft 365 Copilot,” Scotiabank tells investors.

2. Netflix upgraded to Buy at MoffettNathanson 

MoffettNathanson upgraded Netflix (NFLX) to Buy from Neutral with a price target of $1,100, up from $850. The firm believes the company’s ability to monetize its engagement remains underappreciated. As Netflix builds out its advertising capabilities through a first-party tech stack and in-house sales team, it will also be able to effectively ramp monetization of these incremental subscribers, MoffettNathanson tells investors in a research note. The firm now has increasing confidence in Netflix’s margin expansion potential.

3. Tesla upgraded to Overweight ahead of “material catalysts” at Cantor Fitzgerald 

Cantor Fitzgerald upgraded Tesla (TSLA) to Overweight from Neutral with an unchanged price target of $425 after having visited Tesla’s Cortex AI data centers and the factory’s production lines ahead of the company’s introduction of its Robotaxi segment that is targeted for June in Austin followed by California later in 2025. With Tesla shares now down about 45% year-to-date, the firm sees “an attractive entry point” for investors with greater than 12-month investment horizon and who are comfortable with volatility. Upcoming “material catalysts” include the introduction of the Robotaxi segment in June, the rollout of FSD in China, the rollout of FSD in Europe, the introduction of lower-priced vehicle in the first half of 2025, high volume production of the Optimus Bot in 2026, initial deliveries of Optimus to customers some time next year and the introduction of the Semi Truck, Cantor says.

4. Bernstein starts Coinbase at Outperform, sees strong regulatory tailwinds 

Bernstein initiated coverage of Coinbase (COIN) with an Outperform rating and $310 price target. The firm expects strong regulatory tailwinds to drive the crypto industry to the American financial mainstream, as the Trump administration intends to establish a Digital assets framework to position the U.S. as the “crypto capital of the world.” Total addressable market expansion from U.S. reshoring efforts offsets competition pressures, Bernstein tells investors in a research note, adding that the firm sees strong momentum in the non-trading subscription and services business.

5. Block upgraded to Outperform at Keefe Bruyette  

Keefe Bruyette upgraded Block (XYZ) to Outperform from Market Perform with a price target of $80, down from $87. The firm sees an attractive risk/reward skew following the stock’s recent selloff. Although the market appears skeptical, Keefe sees a path for Block to deliver on its guidance of a “steep acceleration” in gross profit growth in the second half of 2025. The firm sees potential for a rebound in the stock’s valuation if the company can meet consensus expectations.

Top 5 Sell Calls:

1. Reddit initiated with a Sell at Redburn Atlantic

Redburn Atlantic initiated coverage of Reddit (RDDT) with a Sell rating and $75 price target. The firm says Reddit commands a 22-times fiscal 2027 enterprise value to adjusted EBITDA multiple, or 54-times after deducting stock-based compensation expense. While high multiples are not unjustified for fast-growing internet platforms given the size of the online advertising market and the business model’s inherent operating leverage, Reddit’s “significant premium” to Pinterest (PINS) will be increasingly viewed as “far too lofty” as Reddit’s growth rates start to normalize, Redburn tells investors in a research note. The firm believes that with potential for the stock’s multiple to compress and estimates to be revised down, Reddit shares offer “significant risk to the downside.”

2. Wells downgrades FactSet as market volatility puts reacceleration at risk 

Wells Fargo downgraded FactSet (FDS) to Underweight from Equal Weight with a price target of $402, down from $450, after the company reported an ASV miss and guided to a reacceleration, which the firm views at risk given recent market volatility. Wells is also concerned by rising competition and see limited upside to near-term margins. FactSet highlighted stronger visibility into the second half of the year after signing over a dozen large banking renewals, while it doesn’t expect recent market volatility to influence its ability to convert its buyside weighted pipeline. The firm is cautious on the implied magnitude of the re-acceleration, and is less confident in further growth acceleration into FY26.

3. FedEx cut to Sell at Loop Capital as a “really bad recession stock” 

Loop Capital downgraded FedEx (FDX) to Sell from Hold with a price target of $221, down from $283. On April 2nd, the Trump Administration is scheduled to unveil its comprehensive tariff strategy for global trade and FedEx’s brand is synonymous with global trade, the firm tells investors in a research note. Loop adds that as economists ratchet up U.S. recession risk, the firm sees FedEx as a “really bad recession stock” because thin Express margins amplify the earnings hit whenever there’s pressure on the top line.

4. Wells downgrades Cion to Underweight on dividend cut fears  

Wells Fargo downgraded Cion Investment (CION) to Underweight from Equal Weight with a price target of $10, down from $11. The firm cites the company’s increased likelihood of a base dividend cut in 2025 for the downgrade. Cion did not earn its dividend in Q4, despite a bevy of “one-time” fee income and payment-in-kind reversals, and its high net leverage is likely to set a “high-watermark,” Wells tells investors in a research note.

5. TPI Composites downgraded to Underperform at Jefferies 

Jefferies downgraded TPI Composites (TPIC) to Underperform from Hold with a price target of 50c, down from $2.30. Given accumulating debt, a future equity dilution event is “the likely only viable option,” the firm tells investors. Jefferies estimates FY25 and FY26 EBITDA margins 200 and 100 basis points below consensus, with no meaningful EBITDA improvement from FY26 to FY29.