Thursday’s top analyst calls it Nvidia
Here are Thursday’s big calls on Wall Street: Goldman Sachs reiterates Nvidia as a buy The company raised its price target on the stock to $165 per share from $150 following earnings. “We reiterate our buy rating on NVDA (listed by Americas Conviction) and highlight a rich catalyst path ahead.” Morgan Stanley pitches UMB Financial as overweight Morgan Stanley said the commercial bank has a “differentiated deposit base.” “We see UMBF as one of the best low-cost plays among Midcap Banks.” Rosenblatt upgrades Palo Alto Networks to neutral buy The company upgraded the stock following Palo Alto’s earnings on Wednesday. “The company delivered another strong performance for the quarter, driven by the successful implementation of its platform strategy.” William Blair downgrades Ulta to market cap William Blair said he sees a “difficult recovery phase” for Ulta shares. “We are downgrading Ulta’s shares to Market Perform from Outperform. Our downgrade is based on the view that if we look at the revision of expectations on the day of the analyst, on October 16, the 2025 consensus and the operating estimate seem optimistic and we embed the expectation at the beginning of 2025 in the beauty category, which we believe will not happen.” Goldman Sachs downgrades Xpeng to neutral from buy Goldman has downgraded the Chinese EV company mainly on ratings. “With at least 4 new models to be launched in 2025, we continue to see strong volume growth of +81% yoy for Xpengg. On the other hand, we remain cautious about the competitive environment going into 2025, especially in the first quarter. which has historically seen price reductions increase significantly .” Wells Fargo, which ranks GE Vernova as an Overweight Wells said it sees an “AI power surge” for the company’s energy and renewables stocks. “GEV is a key beneficiary of LT’s projected growth in energy demand driven by AI data center construction, US renewables, and electrification trends.” Bank of America backs Netflix as buyout Bank of America boosts its stock price to $1,000 per share from $800. “Last weekend, 60mn households (65mn concurrent streams; 108mn live global viewers from opening to closing bell) watched the Jake Paul vs. Mike Tyson boxing match on Netflix.” Morgan Stanley reiterated that Dell is overweight The company said it is still holding on to Dell ahead of next week’s earnings. “We like this story in 2025 and so we will be buyers of any post-earnings weakness, we are left with OW and $154 PT.” Citi upgrades DT Energy to buy from neutral Citi said the natural gas pipeline company has “very good” growth. “Furthermore, DTM is now >$10bln in market capitalization, which should attract the attention of a broad investor base, including international investors.” Goldman Sachs reiterates Chevron as a buy Goldman raised its price on the stock to $170 per share from $167. “For Chevron, we reiterate our positive view on the stock, where we see a ~10% upside to our revised PT of $170/sh.” Barclays upgrades Royal Bank of Canada to overweight from equal weight. “We are upgrading RY to Overweight from Equal Weight.” Goldman Sachs to launch Merus Therapeutics as it buys Goldman said the biotech company has “extremely high” potential. “We initiate MRUS (Merus NV) coverage with a buy rating and a $73 12-month price target.” Goldman Sachs reiterates Snowflake as a buy The firm said it liked the company’s “strong execution” following earnings on Wednesday. “We reiterate our Buy rating and $220 Price Target on Snowflake (on the Doom List) following the impressive F3Q results that increase our confidence that the company can sustain mid-20 year revenue growth on average revenue of $4B while delivering margins are 25% FCF…” Bank of America reiterates Tesla as a buy Bank of America said the stock is very well positioned for next year. “Tesla appears to be in a good position for growth in 2025 given recent comments given during the earnings call, including: increase in production volumes in the range of 20-30% YoY, start of production of Cybercab, launch of public ride-hailing app, delivery of batteries from factory in -Shanghai, and further progress of FSD (full self-driving) capabilities.” JPMorgan repeats Palo Alto Networks as overweight The company said it is holding on to Palo Alto following earnings on Wednesday. “The progress of the field with healthy results for what is usually a soft quarter of the season.” Bank of America reiterates TJX Companies as a buy Bank of America called the stock a “strong earnings call” following earnings on Wednesday. “Despite some negative weather impacts, TJX delivered coms at the high end of guidance (+3%), driven by increased traffic across all banners.” Goldman Sachs backs Salesforce as it buys Goldman said it is sticking with Salesforce shares. “We reiterate our buy rating and raise our PT to $360 (vs. $325 previously) following the Agentforce World Tour, where discussions with partners and customers left us with greater confidence in implementing Salesforce’s AI strategy.”
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