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U.S. stocks surged today after the Fed cut interest rates and hinted more cuts are on the way. The Nasdaq rose over 1.1%... the S&P 500 climbed 0.6%... and the Dow gained 0.3%. Here’s today’s biggest calls on Wall Street. Goldman Sachs just boosted StepStone Group (NASDAQ: STEP), moving it to a buy from neutral. The bank sees the firm as an “underappreciated beneficiary of wealth growth in private markets.” That’s why it raised its price target to $83, suggesting a potential 37% upside. Citi is staying bullish on Meta (NASDAQ: META) after its Connect event. “With three new AI smart glasses launched at Connect, we emerge incrementally positive on Meta’s AI glasses and broader AI device strategy and believe adoption of the glasses could reach.” UBS cut Dropbox (NASDAQ: DBX), moving it down to a sell from neutral. The bank said demand remains weak. “We are assuming coverage of Dropbox and downgrading to a Sell rating (from Neutral) with a $27 PT (from $29).” Goldman Sachs reiterated Tesla (NASDAQ: TSLA) as neutral but lifted its price target. “Given the move higher in market multiples more generally, as well as the growth rate we believe the business can support over the longer term, plus the increases we make to our forward EPS estimates, we raise our 12-month price target to $395 from $300.” JPMorgan initiated coverage on Crispr Therapeutics (NASDAQ: CRSP) with an overweight rating. “We are launching coverage with an OW rating and a Dec-2026 PT of $70.” Piper Sandler raised its target on Alphabet (NASDAQ: GOOG), keeping its overweight rating. “Search has the possibility to re-accelerate in ’26. Rising CAPEX does give us some concern, especially if interest rates continue to move lower. But, execution continues plus new ad product launches like AI Max for Search Campaigns. PT to $285 from $220, reiterate OW.” Bank of America started coverage of AeroVironment (NASDAQ: AVAV) with a bullish view. “We initiate coverage of AeroVironment (NYSE: AVAV) with a Buy rating and a PO of $300.” Ian Wyatt *** Featured Research *** Nvidia made the announcement in a press release today… And Intel stock has exploded 25% on the news. The two companies also announced a long-term partnership. They will build “multiple generations of custom data center and PC products” together. A select group of 5 cryptocurrencies are largely responsible for powering these newly approved stablecoins. My research reveals Wall Street bank and fintech companies will soon be buying up these digital assets. And that could spark a new bull market in the coming weeks. Goldman Reveals New Gold Rush in This Market Goldman says the GENIUS Act is a watershed moment for the crypto market. And that their market will grow from $270B to trillions of dollars. President Trump signed the GENIUS Act into law on July 18 with bipartisan approval. It’s the very first federal framework for how a new group of Gov’t-backed cryptos will operate.
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