Microsoft Corp. (NASDAQ: MSFT) was raised to Strong Buy from Market Perform at Raymond James on Monday. What stood out here was that Microsoft was given a $62.00 price target, which compared to a prior $53.93 close. Microsoft shares closed out the week at $55.91. Microsoft has a consensus analyst price target of $56.16 and a 52-week range of $39.72 to $56.23. These are multi-year highs. Microsoft also recently was named as a top triple-play pick at Oppenheimer.

Mobileye N.V. (NYSE: MBLY) was started with a Buy rating at Evercore ISI on Wednesday. The stock was assigned a $68 price target versus a prior $43.46 closing price. Shares closed at $42.91 on Friday. Mobileye had a consensus analyst price target of close to $72.50 at the time ($72.10 by Friday) and has a 52-week trading range of $32.41 to $64.48. If Evercore’s call is right, this leaves an implied upside of well over 50%.

Nokia Corp. (NYSE: NOK) and Alcatel-Lucent SA (NYSE: ALU) were both raised to Outperform from Neutral at Credit Suisse on Wednesday. These stocks are merging and both are well off 52-week highs. They were covered in detail and all is set for Nokia to acquire Alcatel-Lucent now. Nokia’s ADSs closed at $7.41 against a 52-week range of $5.71 to $8.37 and Credit Suisse was giving both Nokia and Alcatel-Lucent an implied upside of more than 30% when converting from euros.

Palo Alto Networks Inc. (NYSE: PANW) was added to the Top Picks List at FBR Capital Markets on Friday, but what stood out here was that the price target was raised to $235 from $210. This was the highest price target on Wall Street by $10 at the time. Palo Alto closed out the week at $191.67 against a 52-week range of $112.22 to $200.55, and it has a consensus analyst price target of $207.44.

Qualcomm Inc. (NASDAQ: QCOM) was started as Overweight and was assigned a $64 price target at Pacific Crest on Friday. Qualcomm had a prior closing price of $51.40 and shares went out at $52.34 on Friday. The mobile chip and processor giant has a consensus analyst price target of $63.82 and a 52-week range of $47.52 to $75.72. Unfortunately, Qualcomm hasn’t worked out very well at all for the bulls this year, and defending the stock has come with severe pain. Still, this positive call is at least at a time when the stock is closer to the bottom than a big upgrade at the top.

Rackspace Hosting Inc. (NYSE: RAX) was raised to Outperform from Sector Perform and was given a $36.00 price target at RBC Capital Markets on Tuesday. Rackspace closed at $28.62. The consensus analyst price target is $39.00 and the 52-week range is $23.65 to $56.20. What stands out here about Rackspace is that the consensus target is even higher than this new target price of $36, but the stock is still down right at 50% from its 52-week high.

Zendesk Inc. (NYSE: ZEN) was reiterated as Buy at Canaccord Genuity on Tuesday. What stood out here was that it was still called a top small cap growth pick. They feel the stock needs a pause to catch its breath through year-end, but Zendesk’s quality growth that is inflecting to cash flow profitability should bring in new investors and should lead to stock price outperformance in 2016.