Institutional Equity Research Reports

BUY ServiceNow with a $170 target and 21% upside as durable cRPO growth, AI monetization, and operating leverage outweigh acquisition-integration and stock-compensation risks.

BUY NVIDIA with a $280 target and 27% total-return potential as Rubin-led earnings growth outweighs margin pressure, customer concentration, and expanding balance-sheet support.

BUY Micron with a $1,400 target and 53% upside as AI-memory scarcity, binding customer agreements, and superior cash generation outweigh peak-cycle and capital-intensity risks.

HOLD with a $320 target and 6.4% negative total return: exceptional ecosystem growth is already capitalized at a valuation that discounts near-flawless AI execution.

BUY, $66 target and 28% upside: traffic-led comparable sales, superior new-unit productivity, and self-funded expansion outweigh premium valuation and near-term margin risks.

BUY Amazon with a $305 target and 20% upside as accelerating AWS and advertising earnings outweigh temporarily negative free cash flow from exceptional AI infrastructure investment.

Marvell Technology, Inc. is rated SELL with a 12-month target of $205, implying an -18.3% return driven by stretched multiples that price in near-perfect execution and aggressive growth forecasts.

GPIQ is rated Buy with a 12-month target of $62.00, implying a 9.0% upside, though valuation tension persists due to concentrated exposure in expensive technology equities trading near the upper quartile of its 52-week range.

SPCX is rated a value trap with a 12-month price target of $90.0, implying a -20.3% return, as its current valuation of 77x trailing revenue and over 200x adjusted EBITDA fails to reflect significant execution and governance risks.

Ares Capital Corporation (ARCC) is rated HOLD with no 12-month target or implied return due to valuation tensions between its attractive dividend yield and recent NAV compression driven by spread widening.

Blackstone Secured Lending Fund (BXSL) is rated Buy with a 12-month price target of $30.0, implying approximately 25% upside driven by a deep discount to NAV despite near-term mark-to-market volatility.

WSP Global Inc. is rated HOLD with a 12-month target of C$150, implying a -19.5% total return driven by stretched valuation multiples that significantly exceed peer averages.

MWH (SOLV Energy, Inc.) is rated Hold with a 12-month target unavailable but implying approximately +19% upside, reflecting a premium valuation that discounts aggressive growth yet faces multiple execution risks.

Kimberly-Clark is rated Hold with no 12-month price target and no implied return as the stock currently prices in anticipated synergies but faces valuation multiple pressure amid integration uncertainties.

The Clorox Company (CLX) is rated Hold with a 12-month target of $100, implying approximately 5% price upside, reflecting limited near-term catalysts amid margin pressure and flat organic sales.

Carrier Global Corporation (CARR) is rated Hold with a 12-month target of $16.00, implying a -33.3% downside from current levels, driven by a valuation disconnect reflecting overleveraging amid a cyclical downturn and margin compression.

Otis Worldwide Corporation is rated BUY with a 12-month target of $85, reflecting an 18% upside despite shares trading near trough multiples of approximately 18x 2026 EPS amid mid-single-digit growth expectations.

Microsoft is rated HOLD with a 12-month price target of $480.0, implying a 14.8% total return, reflecting valuation tension amid elevated multiples despite strong growth.

SoFi Technologies, Inc. is rated Hold with no 12-month price target due to its current valuation at approximately 36x trailing EPS and 5–6x price-to-sales, which appears fully priced relative to growth prospects.

Arqit Quantum Inc. (ARQQ) is rated Hold with a 12-month price target of $20.00, reflecting cautious optimism amid a valuation disconnect driven by near-zero current revenue and significant dilution that compresses upside potential.

GE Vernova Inc. (GEV) is rated Buy with a 12-month price target of $950, implying approximately 22% upside, though shares currently trade at a premium near 4.5x EV/Revenue and over 50x forward EPS, reflecting high execution expectations.

Rithm Capital Corp. (RITM) is rated Buy with a 12-month target of $13.00, implying approximately 32% upside from current levels, driven by a valuation disconnect as the stock trades at a deep discount to tangible book value near 0.78x...

AECOM (ACM) is rated Buy with a 12-month price target of $100, reflecting a significant valuation disconnect given its robust backlog growth and margin expansion that the market has yet to fully price in.

Nextpower Inc. (NXT) is rated HOLD with a 12-month target not assigned, implying a +25% return, reflecting premium valuation multiples near 25–30x forward EPS that may limit near-term upside.

BWXT is rated HOLD with a 12-month target of $250.0, reflecting a rich valuation at a P/E of approximately 56× that discounts expected blockbuster growth but leaves limited near-term upside.

Navios Maritime Partners L.P. (NMM) is rated HOLD with no 12-month price target or implied upside, reflecting concerns that current valuations may already price in its near-term growth and capital return initiatives.

NextEra Energy (NEE) is rated HOLD with a 12-month target of $95.00, implying a modest 6.7% upside amid elevated valuation multiples near 22x EV/EBITDA that price in significant growth expectations.

SolarEdge Technologies, Inc. is rated BUY with a 12-month target of $45, reflecting a roughly 32% upside amid ongoing margin expansion and improving profitability despite recent GAAP losses that temper valuation multiples.

Forgent Power Solutions (NYSE: FPS) is rated BUY with a 12-month target of $60.00, implying a 30% upside despite trading at a premium valuation of approximately 8x 2026 revenue and 35x EBITDA relative to peers.

Perpetua Resources Corp is rated BUY with a 12-month target of $39.00, implying approximately 37% upside from current levels near $28, reflecting a valuation disconnect driven by market underappreciation of its fully funded, high-impact...

Ferguson Enterprises, rated Hold with a 12-month target of $265.0, currently offers limited upside as its valuation at ~24.6× trailing EPS is largely in line with peers, reflecting moderate multiple tension amid mid-cycle growth.