Here are Friday's biggest analyst calls of the day: GE, Nvidia, Domino's Pizza, Wayfair & more

Published Fri, Oct 9 20208:32 AM EDTUpdated Fri, Oct 9 20209:34 AM EDT

Key Points

Wedbush raised its price target on Domino's Pizza to $500 from $445.
William Blair upgraded Wayfair to outperform from market perform.
New Street downgraded Nvidia to sell from neutral.
Mizuho initiated Zoom as buy.
Goldman Sachs reinstated General Electric as buy.
Susquehanna downgraded American Express to neutral from positive.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Friday: Wedbush raised its price target on Domino's Pizza to $500 from $445 Wedbush raised its price target on the stock to a Street high after the company posted earnings that fell short of expectations but saw a surge in quarterly sales. "While quarter to-date trends were not provided, we believe at least high-teens same-store sales growth could sustain through early '21. Once this year's comps are anniversaried in 2021, we expect DPZ 's relative value and brand equity in both delivery and takeout to remain the primary drivers of SSS growth above expectations, supported by continued menu innovation, retention of incremental digital transactions, ongoing rationalization of 3PD behavior, and higher marketing dollars." William Blair upgraded Wayfair to outperform from market perform William Blair said in its upgrade of Wayfair that the stock's valuation is not "overdone" and that it sees "misplaced" negative sentiment. "While the move in shares over a short period of time is an intimidating entry point, we believe it is in large part reflective of poor communication on the part of management about near-term profitability expectations, and misplaced negative sentiment that long weighed on shares as the company was strengthening its competitive positioning via heavy investment spending. Meanwhile, current valuation does not seem overdone when compared to a basket of digital retailers with high repeat spending." New Street downgraded Nvidia to sell from neutral New Street said in its downgrade of the computer graphics design company that it thinks Nvidia's datacenter and gaming businesses will peak and miss expectations in 2021. "Our concern here is that Nvidia still monetizes its ecosystem through chip product cycles, and we see them, both in datacenter and in gaming, peaking at the end of the year and leading to disappointment in 2021. We expect Nvidia to miss expectations at the latest in 2Q2021, and even if we expect another couple of (well anticipated) strong prints, we already see current valuation levels likely to suffer through this, sooner or later." Mizuho initiated Zoom as buy Mizuho initiated the online teleconference company as buy and said it thinks Zoom's upcoming analysts day on October 14 will serve as a "key catalyst" for the stock. "We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global recognition, cross-sell opportunities, and its position in a growing and underpenetrated long-tail market. We see the upcoming Analyst Day on October 14 as a likely key catalyst for the stock." Goldman Sachs reinstated General Electric as buy Goldman said in its reinstatement of coverage on the company that it was the "ultimate self-help vaccine leverage story" in industrials and that it sees 50% upside in shares. "In the two years since Larry Culp took the helm as CEO we believe the team is making progress to be a leaner, structurally more productive company with better capital discipline. While the pandemic has caused delays in the transformation, we believe GE will emerge as a stronger company." Susquehanna downgraded American Express to neutral from positive Susquehanna said in its downgrade of the stock that it thinks the company will fall short of consensus growth estimates. "It would be hard for AXP to do better than their merchants, so consensus '21 revenue up 11% looks full to us. We realize there are easy comps, but Susquehanna examined sell-side estimates by end market for key AXP verticals such as Airline, Lodging, Dining and Retail, and the weighted average blend lands at 7.5% growth. So again, it would be hard for AXP to do better than their merchants, and we are lowering numbers below consensus and downgrading to Neutral."

NVIDIA computer graphic cards are shown for sale at a retail store in San Marcos, California.

Mike Blake | Reuters

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Friday:

Wedbush raised its price target on Domino's Pizza to $500 from $445

Wedbush raised its price target on the stock to a Street high after the company posted earnings that fell short of expectations but saw a surge in quarterly sales.

"While quarter to-date trends were not provided, we believe at least high-teens same-store sales growth could sustain through early '21. Once this year's comps are anniversaried in 2021, we expect DPZ's relative value and brand equity in both delivery and takeout to remain the primary drivers of SSS growth above expectations, supported by continued menu innovation, retention of incremental digital transactions, ongoing rationalization of 3PD behavior, and higher marketing dollars."

William Blair upgraded Wayfair to outperform from market perform

William Blair said in its upgrade of Wayfair that the stock's valuation is not "overdone" and that it sees "misplaced" negative sentiment.

"While the move in shares over a short period of time is an intimidating entry point, we believe it is in large part reflective of poor communication on the part of management about near-term profitability expectations, and misplaced negative sentiment that long weighed on shares as the company was strengthening its competitive positioning via heavy investment spending. Meanwhile, current valuation does not seem overdone when compared to a basket of digital retailers with high repeat spending."