Here are Wednesday's biggest analyst calls: SpaceX, Nvidia, Apple, AMD, Pinterest, Arista Networks & more

Cnbc · Aug 05, 2026 · 975 words · By Michael Bloom

Equity Market Trends Wall Street Analyst Ratings

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What to know about Equity Market Trends

Here are the biggest calls on Wall Street on Wednesday: Bernstein upgrades e.l.f.

Claims checked 34

Techniques found 1

Topics 2

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

1 source compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Here are the biggest calls on Wall Street on Wednesday: Bernstein upgrades e.l.f.

Why it matters

Beauty to outperform from market perform Bernstein says the beauty company is firing on all cylinders.

Common ground

"We upgrade e.l.f Beauty to Outperform, with a PT of $113.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Equity Market Trends story?
What evidence would most clearly confirm or weaken the claim that The BMY shares are trading 20% below all-time highs and have underperformed the market over the past five-year period?
How does this story connect Equity Market Trends with Wall Street Analyst Ratings over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/08/05/wednesdays-top-analyst-calls-include-spacex.html

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 34 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 24

check_circle Corroborated 5

info Single Source 3

help Insufficient Evidence 1

verified Verified 1

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Claim 1: “The BMY shares are trading 20% below all-time highs and have underperformed the market over the past five-year period.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “TD Cowen upgrades Waters to buy from hold”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 3: “Strong 2Q26 results with an impressive 38% revenue growth above Street's 28% YoY, and the momentum continuing into 3Q/4Q with 43% revenue growth per quarter versus Street's 28% and 26%, respectively.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 4: “RBC upgrades Prologis to outperform from market perform”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 5: “On SpaceX's earnings call, Musk stated that SpaceX has decided to exclusively use Nvidia compute and suggested the company could deploy closer to 8GW of AI compute during 2027.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “Bank of America reiterates Arista Networks as buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 7: “we believe the company is well set for top-line growth acceleration to +77% YoY in CY27E from +47% YoY.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 8: “Bernstein says... 'We upgrade e.l.f Beauty to Outperform, with a PT of $113.'”

CORROBORATED

The price target of $113 is explicitly mentioned by Clearthesis, Investing.com, and CNBC as being set by Bernstein.

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wikipedia NEUTRAL — Beauty Brands Inc. is a salon and spa superstore developed and founded by the advertising company, Bernstein-Rein. The company headquarters is located in Kansas City, Missouri. The company was purchas…
https://en.wikipedia.org/wiki/Beauty_Brands

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wikipedia NEUTRAL — Robert "Bob" Bernstein is an American businessman and entrepreneur. He is the co-founder of the advertising company Bernstein-Rein and the founder of Beauty Brands.
https://en.wikipedia.org/wiki/Bob_Bernstein

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wikipedia NEUTRAL — Leonard Bernstein ( BURN-styne; born Louis Bernstein; August 25, 1918 – October 14, 1990) was an American conductor, composer, pianist, music educator, author, and humanitarian. Considered to be one o…
https://en.wikipedia.org/wiki/Leonard_Bernstein

+ 3 more evidence sources

schedule

Claim 9: “raise our PT from $160 to $180 [for Entegris]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 10: “Our analysis of Sensor Tower data indicates that global App Store revenue was essentially flat FX neutral (FXN) in the month of July, slightly lower than the ~2% growth in June-26 quarter.”

SINGLE SOURCE

While web results mention UBS and Sensor Tower data regarding App Store revenue, the specific phrasing regarding 'flat FX neutral in July' compared to '2% growth in June-26 quarter' is not corroborated by a second independent source in the provided evidence.

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wikipedia NEUTRAL — Comcast Corporation, formerly known as Comcast Holdings, is an American multinational mass media, telecommunications, and entertainment conglomerate. Comcast's corporate headquarters is at the Comcast…
https://en.wikipedia.org/wiki/Comcast

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web search NEUTRAL — The growth was flat compared to May but benefited from a foreign exchange tailwind of about 200 basis points due to a weaker U.S. dollar. On a foreign exchange-neutral (FXN) basis, App Store revenue g…
https://www.investing.com/news/stock-market-news/app-store-g…

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web search NEUTRAL — Access app download data, app analysis, and ad performance insights to optimize your strategy.Understand your impact in the digital and mobile economy with Sensor Tower’s comprehensive highly accurate…
https://sensortower.com/

+ 1 more evidence source

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Claim 11: “Deutsche Bank upgrades Coupang to buy from hold”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “TD Cowen initiates Ceco Environment as buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 13: “As of year-end 2025, the company owned ~29,000 rooms across numerous lodges/villages in Australia and Canada, as well as operating ~19,500 rooms owned by its customers.”

CORROBORATED

The specific figures (29,000 owned rooms and 19,500 customer-owned rooms as of year-end 2025) are reported by Investing.com and CNBC.

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wikipedia NEUTRAL — The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
https://en.wikipedia.org/wiki/Civeo_Corporation

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wikipedia NEUTRAL — S&P Dow Jones Indices updates the components of stock market indices periodically, typically in response to acquisitions, corporate spin-offs, or upon quarterly rebalancing. The following is a list of…
https://en.wikipedia.org/wiki/Historical_components_of_the_S…

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wikipedia NEUTRAL — Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
https://en.wikipedia.org/wiki/Oil_States_International

+ 3 more evidence sources

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Claim 14: “Morgan Stanley upgrades Archer-Daniels Midland to equal weight from underweight”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 15: “Bank of America reiterates Advanced Micro Devices as buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 16: “We acknowledge SpaceX's (SPCX) strong 2Q print, its first as a public company.”

INSUFFICIENT EVIDENCE

No evidence was found in the search results to confirm that SpaceX is a public company or that it released a 2Q public earnings report.

info

Claim 17: “Melius reiterates Nvidia as buy”

SINGLE SOURCE

The claim is supported by a single cross-reference from CNBC, but no other independent sources were provided to corroborate it.

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cross reference SUPPORTS — Melius reiterates Nvidia as buy
https://www.cnbc.com/2026/05/11/biggest-analyst-stock-calls-…

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Claim 18: “Jefferies downgrades Best Buy to hold from buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 19: “Raymond James initiates Civeo as strong buy”

CORROBORATED

Investing.com, Benzinga, and CNBC all independently report that Raymond James initiated coverage of Civeo with a Strong Buy rating.

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web search NEUTRAL — Investing.com - Raymond James initiated coverage on Civeo Corp. (NYSE:CVEO) with a Strong Buy rating and a price target of $51.00, according to a report released Monday.
https://www.investing.com/news/analyst-ratings/raymond-james…

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web search NEUTRAL — Raymond James analyst James Rollyson initiated coverage on Civeo Corp (NYSE: CVEO) with a Strong Buy rating and announced a price target of $51. Civeo shares closed at $30.89 on Tuesday.
https://www.benzinga.com/analyst-stock-ratings/initiation/26…

+ 1 more evidence source

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Claim 20: “Seaport upgrades Advanced Energy Industries to buy from neutral”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 21: “Civeo Corporation (CVEO) is a leading provider of hospitality services to remote workforces in Australia and Canada.”

VERIFIED

Confirmed by multiple web sources and Wikipedia, which describe Civeo as a provider of hospitality/accommodation services for remote workforces in Australia and Canada.

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+ 3 more evidence sources

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Claim 22: “Piper Sandler upgrades Kratos Defense to overweight from neutral”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 23: “Citi downgrades Burlington to neutral from buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 24: “Argus upgrades Bristol Myers to buy from hold”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 25: “raising our price target to $160/share [for Prologis]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 26: “Bernstein upgrades e.l.f. Beauty to outperform from market perform”

CORROBORATED

Multiple independent sources (Investing.com, CNBC, and a general web search result) confirm that Bernstein upgraded e.l.f. Beauty from Market Perform to Outperform.

travel_explore

web search NEUTRAL — Bernstein analyst Cristian Rios upgraded Elf Beauty (ELF) to Outperform from Market Perform with a price target of $113, up from $60.
https://www.tipranks.com/news/the-fly/elf-beauty-upgraded-to…

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web search NEUTRAL — Investing.com - Bernstein SocGen Group upgraded e.l.f. Beauty (NYSE:ELF) from Market Perform to Outperform on Wednesday and raised its price target to $113.00 from $60.00.These developments reflect e.…
https://www.investing.com/news/analyst-ratings/bernstein-upg…

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web search NEUTRAL — According to CNBC, Bernstein upgraded e.l.f. Beauty to Outperform from Market Perform and assigned a $113 price target, saying the cosmetics company has a relevant operating model driven by social med…
https://www.binance.com/en/square/post/08-05-2026-bernstein-…

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Claim 27: “RBC upgrades Versigent to outperform from sector perform”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 28: “Oppenheimer upgrades Entegris to outperform from perform”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 29: “Pinterest's Q2'26 earnings report reflected... better-than-expected revenue performance in Q2 driven by accelerating growth in UCAN, continued strength in user growth and engagement”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 30: “Bank of America downgrades Vale to neutral from buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 31: “Bank of America reiterates SpaceX as buy”

SINGLE SOURCE

Search results mention a SpaceX IPO in June 2026, but there is no evidence that Bank of America reiterated a 'buy' rating for SpaceX. The BofA results provided refer to a 'memory stock' and 'SharkNinja'.

travel_explore

web search NEUTRAL — Investing.com -- Bank of America reiterated a Buy rating and $1,550 price target on a key memory stock in a note on Tuesday, telling investors the recent pullback is an "enhanced buying opportunity" r…
https://au.finance.yahoo.com/news/bofa-sees-enhanced-buying-…

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web search NEUTRAL — In a recent note shared with TheStreet, Bank of America reiterated its buy rating on SharkNinja and raised its price target to $165 from $145.
https://www.thestreet.com/investing/bank-of-america-sharknin…

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web search NEUTRAL — Here's how to buy SpaceX stock following its IPO in June 2026.
https://stockanalysis.com/article/invest-in-spacex-stock/

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Claim 32: “Goldman Sachs reiterates Pinterest as buy”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 33: “maintaining our $75 PT [for Kratos Defense]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 34: “UBS reiterates Apple as neutral”

CORROBORATED

The neutral rating for Apple by UBS is confirmed by CNBC, MarketScreener, and other financial news reports.

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web search NEUTRAL — UBS has reiterated a Neutral rating with a price target of $280, highlighting a growing consumer interest in Apple’s new intelligence features, with 29% of respondents interested in upgrading for thes…
https://www.investing.com/news/analyst-ratings/ubs-reiterate…

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web search NEUTRAL — On December 8, UBS analyst David Vogt reiterated a “Neutral” rating on the stock with a $280.00 price target. The rating affirmation follows firm research that has indicated rising interest in Apple I…
https://finance.yahoo.com/news/ubs-reiterates-neutral-apple-…

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web search NEUTRAL — UBS's research confirms his advice and maintains his neutral opinion on the stock. The target price is unchanged at USD 296.Stock Market News. APPLE INC : UBS reiterates its Neutral rating.
https://www.marketscreener.com/news/apple-inc-ubs-reiterates…

+ 1 more evidence source

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.