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 August 25-29. 

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

Top 5 Buy Calls:

1. AMD upgraded to Buy at Truist on AI traction

Truist upgraded AMD (AMD) to Buy from Hold with a price target of $213, up from $173. Industry contacts have told the firm for the last few years that hyperscale customers deploying AI were experimenting with AMD’s technology as a “price check” to Nvidia (NVDA), “nothing more,” but contacts over the last month have increasingly noted that hyperscalers now are working with AMD in a partnership manner, the firm tells investors. Truist, which notes that contacts indicate that hyperscale datacenter customers are now “expressing true interest in deploying AMD at scale,” sets a calendar year 2027 EPS estimate at $7.89.

2. Arete upgrades Qualcomm to Buy on building momentum

Arete upgraded Qualcomm (QCOM) to Buy from Neutral with a price target of $200, up from $172. Qualcomm’s momentum should build starting in fiscal years 2027 given its emerging opportunities in advanced driver-assistance systems, robotics, personal artificial intelligence devices, datacenter, and industrial automation, the firm tells investors in a research note. Arete says the stock’s valuation implies Qualcomm is “under distress.” while its fundamentals are healthy. Investors should reconsider Qualcomm now that management is embarking on a transformation, contends Arete.

3. Micron initiated with an Outperform at CLSA

CLSA initiated coverage of Micron (MU) with an Outperform rating and $155 price target. The firm believes the company is positioned well to benefit from demand for high bandwidth memory and a “healthy” DRAM demand/supply balance. The supply of conventional DRAM will remain constrained due a focus by suppliers on high bandwidth memory, the firm tells investors in a research note.

4. Telsey upgrades Five Below to Outperform on business inflection

Telsey Advisory analyst Joseph Feldman upgraded Five Below (FIVE) to Outperform from Market Perform with a price target of $170, up from $144. The company’s business inflected in the first half of 2025 and the momentum should continue into the second half, the analyst tells investors in a research note. The firm says Five Below’s business is being driven by consumers searching for value, gains from the Trump administration’s decision to close the de minimis exemption loophole, and a transformation focused on streamlining and enhancing its assortment and pricing structure.

5. Telsey upgrades Dollar Tree on multi-price point product introduction

Telsey Advisory analyst Joseph Feldman upgraded Dollar Tree (DLTR) to Outperform from Market Perform with a price target of $130, up from $100. The firm is “encouraged” by the early results from the company’s introduction of multi-price point products, which include $3, $4, and $5 food products. Expanding the number of multi-price point items, rolling out the new store format, and eventually increasing the space allocated to multi-price point items in existing stores is a “solid playbook to fuel multi-year growth of sales and profits,” the analyst tells investors in a research note. Telsey sees these initiatives helping Dollar Tree gain market share and manage rising costs.

Top 5 Sell Calls:

1. Constellation Brands downgraded to Underperform at BofA

BofA downgraded Constellation Brands (STZ) to Underperform from Neutral with a price target of $150, down from $182. Beer industry consumption remains soft, creating risk to sales, margin and the multiple, says the firm, which contends that the stock is still “not cheap” despite shares being down 26% year-to-date. Other risks include the company’s core Hispanic demographic remaining pressured, longer term alcohol consumption trends and the continued capacity buildout in Mexico, BofA tells investors.

2. Krispy Kreme downgraded to Underweight at JPMorgan

JPMorgan downgraded Krispy Kreme (DNUT) to Underweight from Neutral without a price target. The company is in “survivor mode” following the cancelled launch at McDonald’s (MCD), the firm tells investors in a research note. JPMorgan believes Krispy Kreme’s proposed turnaround plan brings execution risk as declining trends in the U.S. business limit its visibility.

3. American Eagle downgraded to Underperform at BofA on longer turnaround path

BofA downgraded American Eagle (AEO) to Underperform from Neutral with a price target of $10, down from $11. The firm, which cut its FY25 and FY26 EPS estimates by 8% and 30%, respectively, to reflect the impact of higher tariffs and lower Aerie sales, sees a longer path to more normalized earnings in the current environment.

4. Richtech Robotics downgraded to Sell from Buy at Freedom Broker 

Freedom Broker double downgraded Richtech Robotics (RR) to Sell from Buy with an unchanged price target of $2.50. The firm says the recent share rally overshoots the company’s fundamentals. It sees risk of a share correction in the near-term as Richtech share momentum fades.

5. BofA keeps Underperform rating on Best Buy, cuts price target 

BofA analyst Robert Ohmes reiterated an Underperform rating on Best Buy (BBY) and lowered the firm’s price target on the shares to $60 from $63. Best Buy reported Q2 adjusted EPS that beat the firm’s and Street estimates as Switch 2 strength drove the entertainment segment, but BofA keeps an Underperform rating on shares given challenging consumer electronic industry trends and uncertainty around the impact of tariffs. The firm lowered its FY27 EPS forecast to $6.60 from $6.70, citing a weaker near-term outlook and long-term market share pressure from omnichannel competition.