Upgrades:

Raymond James analyst Srini Pajjuri maintains $NVIDIA (NVDA.US)$ with buy rating, and adjust the target price from USD1100 to USD1200.

Argus Research analyst Jim Kelleher maintains $Amazon (AMZN.US)$ with buy rating, and adjust the target price from USD165 to USD205.

MoffettNathanson analyst Michael Nathanson maintains $Netflix (NFLX.US)$ with hold rating, and adjust the target price from USD440 to USD505.

Downgrades:

CCORF analyst Maria Ripps maintains $Meta Platforms (META.US)$ with buy rating, and adjust the target price from USD610 to USD575.

CCORF analyst George Gianarikas maintains $Tesla (TSLA.US)$ with buy rating, and adjust the target price from USD234 to USD222.

Roth MKM analyst Sujeeva De Silva maintains $Advanced Micro Devices (AMD.US)$ with buy rating, and adjust the target price from USD190 to USD180.

Initiation:

Melius Research analyst Ben Reitzes initiates coverage on $Microsoft (MSFT.US)$ with buy rating, and sets the target price of USD475.

Melius Research analyst Ben Reitzes initiates coverage on $Apple (AAPL.US)$ with buy rating, and sets the target price of USD227.

Deutsche Numis analyst Brad Zelnick initiates coverage on $Salesforce (CRM.US)$ with buy rating, and sets the target price of USD350.