Patrick T. Fallon | BLoomberg | Getty Images(This story is for CNBC PRO readers only.)Here are the largest forecasts on Wall Street on Monday:UBS updated Pinterest to purchase from neutralUBS updated the social networking service firm after its solid earnings report also stated it sees several long term benefits for its stock such as the “offline to online advertisement shift” among other items.”While we believe the Q2 report includes many favorable speed of shift narratives, our evaluation change to Purchase isn’t short-term but more in length driven by key topics – PINS stays in a special position in the intersection of two secular tailwinds: 1) the offline to online advertisement shift & two ) the blurring of lines between electronic advertising & eCommerce. Specifically, our greater conviction from the monetization route is reflected within our elevated multi-year earnings prediction.”Notice: this call happened after the bell Friday.Bernstein updated Qualcomm to subtract from market performBernstein stated in its update of this stock that it is bullish on the approaching 5G cycle and finds a “optimistic” risk/reward.”Given that a cleaner perspective around regulatory and customer disputes, possible further upside from potential Huawei chip earnings, hastening economics as AAPL reenters the model, and following possible for multiple growth we estimate QCOM’s risk-reward to become positive than it’s been in quite a while.”
