Technology stocks, particularly those tied to the explosive growth and opportunities around A.I., were being punished over fears that the endless growth may have some right-sizing to reckon with due to more intense competition. This is after many of the stocks have risen massively in 2025. Now is the time to be thinking about where to invest for 2026. That’s what strategic investors have been doing. So, what are those who have not positioned for 2026 supposed to do now?
Oggonomics reviews the daily flow of Wall Street analyst research reports each morning in an effort to find the stocks with higher upside than traditional 8% to 12% upside to price targets. Friday’s top analyst calls featured multiple technology stocks with much higher expectations that the typical analyst upside price targets.
Investors need to remember that no single analyst report should ever be the sole reason to buy or sell a stock. Analysts sometimes get their thesis wrong just like investors can, and market or company fundamentals can change in the blink of an eye. Also keep in mind that no analyst reports come with assured outcomes, and no money-back guarantees are even issued if the thesis doesn’t hold up or if investors lose money.
The analyst ratings and price targets mentioned in this report are from each firm mentioned by name. Oggonomics does not maintain any formal ratings and price targets on any of the stocks in this report.
These are the top technology upgrades and price targets hikes seen from Wall Street on Friday, December 12, 2025.
Alphabet Inc. (NASDAQ: GOOGL) was reiterated as Overweight and its price target was raised to $385 from $340 at JPMorgan. As JPMorgan remains positive on the 2026 prospects for Magnificent 7 stocks, Alphabet and many in the internet space are expected to deliver another year of strong revenue growth. The firm is even calling for low-mid teens in revenue growth. While Amazon.com Inc. (NASDAQ: AMZN) was also a favorite in the Mag-7 space, the parent of Google’s implied upside was the highest based on a $307 share price. Its 52-week trading range is $140.53 to $328.83.
Broadcom Inc. (NASDAQ: AVGO) was getting slaughtered with a 11% drop on Friday to $362.00 after disappointing AI-focused investors due to more intense competition. And the shares were up nearly 70% in 2025 before the big drop. Many Wall Street firms are looking past the noise of the earnings and guidance and raised their price targets on Friday:
- BofA (Buy) raised its price objective to $500 from $460.
- Barclays (Overweight) raised its price target to $500 from $450.
- Benchmark ((Buy) raised its target to $485 from $435.
- Bernstein (Outperform) raised its price target to $475 from $400.
- Citi (Buy) raised its target to $480 from $415.
- JPMorgan (Overweight) raised its target to $475 from $400.
- KeyBanc Capital Markets (Overweight) raised its price target to $500 from $460.
- Morgan Stanley (Overweight) raised its price target to $462 from $433.
- Oppenheimer (Outperform) raised its target to $450 from $435.
Ciena Corporation (NASDAQ: CIEN) was down over 9% at $219 on Friday with the weakness in tech and A.I. shares. Barclays (Overweight) raised its price target to $279 from $138, after the company beat expectations and raised guidance. Citigroup reiterated its Buy and raised its target to $280 from $230. On the other side of the coin — Northland downgraded Ciena to Market Perform from Outperform with a $190 price target.
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SoundHound AI, Inc. (NASDAQ: SOUN) is a key player in developing independent voice-AI solutions for automated customer service. Its stock was down over 3% at $11.65 on Friday, with a 52-week range of $6.52 to $24.98. Cantor Fitzgerald believes the $5 billion market cap is undervalued versus the opportunity, and it upgraded SoundHound to Overweight from Neutral and also raised its target price to $15 from $13 in this weakness/valuation scenario.
Tyler Technologies, Inc. (NYSE: TYL) provides software and technology management solutions for the public sector its stock was up 1% at $458.75 on Friday. TD Cowen sees the weakness in 2025 as overdone and issued a new Buy rating and $650 price target on Friday. The firm sees Tyler Tech as a leader in the public sector segment have a stable and durable SaaS provider with 20% growth opportunities in the years ahead. TD Cowen even bumped up its cloud migrations opportunities with accelerated growth starting in 2027 with strong margin expansion. Its 52-week range is $450.00 to $661.31.
