Qualcomm downgraded, Rivian upgraded: Wall Street's top analyst calls

Upgrades - TD Cowen upgraded Rivian (RIVN) to Buy from Hold with a price target of $20, up from $17, based on a detailed R2 demand analysis indicating full scale R2 demand at 212,000-335,000 units, suggesting upside to consensus forecasts for 2027 [2] - Morgan Stanley upgraded CrowdStrike (CRWV) to Overweight from Equal Weight with a price target of $510, up from $487, believing CrowdStrike is best positioned in security to outperform in the coming years, stating the platform is "most able to gain share" [2] - Deutsche Bank upgraded Teladoc (TDOC) to Buy from Hold with an $11 price target, viewing the stock's valuation as "compelling" at current share levels [2] - BofA upgraded Hims & Hers (HIMS) to Neutral from Underperform with a price target of $23, up from $12.50, noting a positive development as Novo Nordisk dropped its lawsuit, removing litigation and related credit risk [2] - Citi also upgraded Hims & Hers to Neutral from Sell with a price target of $24, up from $13.25 [2] - Rothschild & Co Redburn upgraded Intuit (INTU) to Buy from Neutral with a price target of $700, up from $670, indicating 46% upside from current levels, highlighting the resilience of QuickBooks and TurboTax applications to AI disruption risk in the enterprise software sector [2]