SpaceX initiated, Cloudflare upgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled. Top 5 Upgrades: Scotiabank upgraded Cloudflare (NET) to Outperform from Sector Perform with a price target of $300, up from $225. After a deeper dive on Cloudflare's opportunity, the firm is "convinced that the time is now to own shares" given its view that Cloudflare is winning "the best of the best AI-native customers" and more evidence of wins in CIO/CISO fieldwork for Cloudflare SASE and edge compute in the enterprise. Erste Group upgraded Meta Platforms (META) to Buy from Hold. Revenue growth and operating margin are higher than those of competitors, while the price to earnings ratio is slightly below the sector average, the firm tells investors. Deutsche Bank upgraded First Solar (FSLR) to Buy from Hold with a $272 price target. The "recent sharp stock pullback," with shares down 27% since June 1, creates an opportunity for investors to enter a "fundamentally strong business" in U.S.-based panel production that has a strong balance sheet and is poised for a stronger second half, the firm tells investors..