Analyst upgrades fuel stock momentum this week, with Nvidia, Qualcomm, and Palantir seeing positive momentum while IBM faces a cautious outlook. Nvidia received a bullish upgrade from Aletheia to Buy with a $250 price target, projecting strong data center demand surging 75% YoY to $530 billion, expecting NVDA revenue to reach $475 billion by FY2027. The upgrade follows normalized inventory and accelerating shipments, making the $250 target 25x FY27/28 PER.

Qualcomm also saw a Buy upgrade from Loop Capital, arguing AI demand offsets current bleeding despite YTD losses, with diversification driving long-term potential. U.S. Bancorp gained a Buy from Truist, raising EPS estimates to $5.70 for 2027 and highlighting improved risk-reward. Conversely, IBM received a Neutral upgrade from UBS, acknowledging lagging performance but noting a fair valuation and moat strength, ending a Sell rating. Palantir was upgraded to Buy by UBS, citing a 35% price drop creating a buying opportunity on exceptional demand and a low 50x 2027 FCF multiple.