Analysts are intrested in these 5 stocks: ( (ENPH) ), ( (NET) ), ( (MRK) ), ( (MSFT) ) and ( (FUBO) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Trade ENPH with leverageEnphase Energy is starting to win back some analyst confidence after a tough stretch in residential solar. BMO’s Ameet Thakkar has moved the stock up from an “Underperform” to a “Market Perform” (essentially a Hold), and lifted his price target from $31 to $41. The upgrade is driven mainly by better-than-feared revenue guidance for the first quarter of 2026 and clearer signs that sales should improve in the second quarter. Enphase now expects Q1 2026 revenue of $235–$265 million excluding “safe harbor” deals, implying about $250 million at the midpoint, comfortably above the analyst’s earlier $227 million estimate. Even after stripping out some nuanced safe-harbor-related benefits, the underlying core revenue looks to have bottomed. Thakkar still warns that Enphase faces structural headwinds from the expiration of the 25D residential solar tax credit and shifting U.S. market dynamics like third‑party ownership and California’s NEM 3.0 rules, which have already eroded its market share. Yet he believes that with the trough likely behind it and multiple paths to restart growth, the stock should no longer lag the sector as badly as it has during the downturn.
Cloudflare is turning heads on Wall Street again, with BTIG’s Gray Powell upgrading the stock to a Buy and setting an ambitious $199 price target. Powell’s call leans heavily on fresh field checks with five major partners that collectively see more than $100 million in annual Cloudflare sales, and the feedback was consistently upbeat. He argues that investors are underestimating the growth potential of Cloudflare’s core web application protection business, where the company is capturing share from legacy players like Akamai and benefiting from rising security needs in an AI‑driven world. Beyond its core, Cloudflare is gaining strong traction in Zero Trust and SASE (secure access service edge), where Powell estimates it is already the fourth‑largest player with about $430 million in revenue, and could sustain 45%+ annual growth in that segment over the next three years. Developer Services (its so‑called “Act 3”) is another bright spot, projected to grow from roughly $125 million in 2025 to about $420 million in 2028. Rolling all of this together, Powell thinks Cloudflare can grow revenue close to 28% annually through 2028, making the recent 33% pullback in the share price an attractive entry point into what he calls one of the top growth stories in software—despite a valuation that remains well above that of peers.
Merck & Co. is back in favor with BMO’s Evan Seigerman, who has upgraded the stock to Buy and raised his price target to $135. The heart of the bullish thesis is Merck’s improving outlook around its blockbuster cancer drug Keytruda and how the company might bridge the eventual patent cliff. While Keytruda is currently set to lose patent protection in 2028, management flagged additional patents that extend into May and November 2029, and Seigerman believes these could realistically help maintain effective protection through the end of that year. That extra time would be crucial: it could soften the revenue drop from Keytruda’s loss of exclusivity and give newer drugs more time to ramp up. Merck is also lining up potential growth drivers in vaccines (despite slightly weaker‑than‑expected Enflonsia sales driven more by lower immunization rates than product issues) and in HIV, where key Phase 3 trial results for islatravir‑based regimens and an upcoming approval decision for doravirine/islatravir could re‑energize its franchise. Additional late‑stage data readouts in cardiovascular and eye disease during 2026 offer further optionality. Seigerman argues that, taken together, these pipeline advances and a more confident intellectual property strategy support multiple expansion in the stock and meaningful upside over the next several years.
Microsoft, by contrast, is being told to slow down in investors’ expectations. Stifel’s Brad Reback has downgraded the tech giant from Buy to Hold and trimmed his price target to $392 as he reassesses the balance between AI‑driven opportunity and the near‑term financial strain of getting there. Reback believes Wall Street’s revenue and earnings forecasts for fiscal and calendar 2027 are too optimistic, especially given intensifying competition from Google’s Gemini and Anthropic in cloud AI. He notes that Microsoft’s Azure cloud platform is facing capacity constraints at the same time rivals are showing strong growth, making a meaningful acceleration in Azure revenue less likely in the near term. On top of that, Microsoft is ramping capital spending aggressively to roughly $200 billion in fiscal 2027, well above consensus, primarily to fund AI infrastructure. This surge in capex, along with heavier spending on AI research, talent, and internal product development, is expected to squeeze margins, with gross margins for fiscal 2027 now modeled at around 63%, versus the Street’s 67% view. Reback still sees Microsoft as well‑positioned long term in AI and software, but he expects the shares to trade in a range until either capex growth slows relative to Azure growth or Azure shows a clear, sustained acceleration.
Finally, fuboTV has emerged as a speculative comeback story following a sharp sell‑off that one analyst now calls an opportunity. Seaport Research Partners’ David Joyce has upgraded Fubo (post its merger of Hulu Live’s programming‑sourcing operations into the business) to Buy with a $3 price target, roughly double the recent trading price of $1.62. The market reaction to the new, merged model has been brutal: shares plunged as investors digested a lack of formal guidance, revised estimates, and news of an upcoming reverse stock split (likely between 1‑for‑8 and 1‑for‑12). Fears that Disney might offload shares early and worries about the loss of NBCUniversal content added to the pressure. Joyce pushes back on these concerns, stressing that Disney remains under a two‑year lockup and that some Fubo customers have been migrated to Hulu Live, which still carries key NBCU programming such as the Super Bowl and the Olympics. With the business model reset and synergy assumptions now better understood, he argues the current valuation looks washed‑out: his discounted cash flow suggests roughly 35% upside, while a simple 1x revenue multiple could imply a tripling in value. By blending these approaches, Joyce lands on a $3 target and portrays Fubo as a high‑risk, high‑reward turnaround for investors willing to look past the near‑term noise.