Here are Friday ’ s biggest calls on Wall Street:

JPMorgan upgrades Nio to overweight from neutral

JPMorgan said a turnaround is underway for the China EV company.

"We are upgrading NIO to OW from Neutral on the back of: 1 ) higher visibility on new model initiatives and pipeline into 2025; and 2 ) rapid improvement in cash position and hence removal of investors ’ concerns of further fund raising or equity dilution risk."

Barclays initiates MicroStrategy as overweight

Barclays said the crypto company has a "unique and differentiated" offering.

"We are initiating coverage of MSTR with an OW rating and $146 price target. The company ’ s strategy — to convert a sticky enterprise software business into a bitcoin accumulation vehicle — is unique and differentiated."

Barclays upgrades Coinbase and Robinhood to equal weight from underweight

Barclays said the valuation for both stock is starting to look for more "sensible."

"Over the past year+, the business models at both COIN and HOOD have matured and while we still see risks for both models, we also see potential top-line catalysts ( product, regulation, etc. ) ."

Morgan Stanley reiterates Chewy as overweight

Morgan Stanley said shares of the online pet company are "compelling." The firm also said it ’ s a favorite idea.

"We believe CHWY ’ s forward margin trajectory remains compelling & underestimated."

Daiwa reiterates Nvidia as outperform

Daiwa said it ’ s sticking with the stock following its recent earnings report.

"What to do now with the shares? we expect the sell side to remain bullish on Nvidia shares given the material Generative AI opportunity. AI is big and could be bigger than the world changing events of the PC, smartphone, Internet, etc."

Bank of America reiterates Apple as buy

Bank of America said its survey checks show App Store revenue is on the rise for Apple.

"As per SensorTower data, App Store revenue in F4Q ( after 67 days ) increased to $5.7bn, with total downloads ( iPhone + iPad ) +4.9% y/y ( 6.6bn ) during the same period."

Bank of America reiterates Broadcom as a top pick

Bank of America called the stock a "high quality AI franchise" following earnings on Thursday.

"We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."

JPMorgan downgrades Super Micro to neutral from overweight

JPMorgan said it sees too many negative catalysts for Super Micro.

"While the latest filings from the company indicate that the company is working diligently to be in compliance with regulatory requirements from a filing perspective and business is continuing as usual otherwise, at the same time it is tough to get more visibility into the timing over which the company will be back in compliance with its filing requirements."

Morgan Stanley reiterates Tesla as overweight

The firm said it ’ s sticking with its top pick and overweight rating on Tesla.

"Aside from regular qualification, we can ’ t rule out the upcoming US election and rising geopolitical tension as potentially still critical factors in the rollout of Full Self-Driving ( FSD ) in China."

Loop reiterates Costco as buy

Loop raised its price target on the stock to $975 per share from $970 following its sales report.

"Our rating remains Buy on Costco, as we see deflation in price points which is driving traffic to clubs. August traffic grew 7% worldwide and 6% in the US.

Mizuho names Micron & Oracle to the top picks list

The firm named both stocks to its best ideas list

"We see MU well positioned in the AI race with its growing HBM [ high bandwidth memory ] share. ... We have confidence in Oracle ’ s management team to expand operating margins to 45% by FY26.

Bank of America reiterates ASML holding as buy

The firm said it ’ s sticking with the semis company as a best ideas.

"ASML remains our Top pick in EU Semicaps and we see the recent pull back as particularly enhanced buying opportunity."