Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates its intention to buy Nvidia The company raised its price target to $165 per share from $150 following the results. “We reiterate our buy rating on NVDA (also included on the Americas Conviction List) and emphasize the rich catalytic path ahead.”Morgan Stanley said commercial banks are “differentiated and He started UMB Financial as an overweight, saying the company has a strong deposit base. “We believe UMBF is one of the best ways to get low interest rates among mid-cap banks.” Rosenblatt rates Palo Alto Networks to Neutral Buy. was upgraded. “We delivered another strong quarterly result, driven by the successful execution of our platform strategy.” Prime Minister William Blair Downgrades Alta Shares from Market Perform to Outperform Prime Minister William Blair Downgrades Alta Shares to Outperform said that it sees the situation as “a category in which the recovery will be prolonged.” “We downgrade Ulta stock from Outperform to Market Perform. Our downgrade follows a hard reset of expectations at the Oct. 16 analyst day, with 2025 consensus and operating margins remaining unchanged. We are optimistic and assume that our outlook will improve.”We believe that changes in the beauty category are unlikely in early 2025. ” Goldman Sachs Downgrades XPeng to Neutral from Buy Goldman downgraded the Chinese EV company primarily based on valuation. “With at least four new models scheduled for launch in 2025, XPeng sales continue to see strong growth of +81% year-on-year. We remain cautious, especially for the first quarter.”This means that price cuts have historically been steeper. ” Wells Fargo starts GE Vernova as overweight Wells said he sees a “surge in AI power” in power and renewable energy company stocks. “GEV is a key beneficiary of LT growth forecasts in electricity demand driven by AI data center build-out, US reshoring, and electrification trends.” Bank of America Reiterates Netflix Acquisition Bank of America raised its price target to $1,000 per share from $800. “Last weekend, 60 million households (65 million peak concurrent streams, 108 million live viewers worldwide from start to finish bell) watched the Jake Paul vs. Mike Tyson boxing match on Netflix. I watched it.” Morgan Stanley reiterates its overweight position on Dell Morgan Stanley said it remains supportive of Dell ahead of next week’s earnings call. “We like the story for 2025, so we will be buyers even if earnings fall and keep OW at $154 PT.” Citi upgrades DT Energy to neutral acquisition He said the gas pipeline company was experiencing “best-in-class” growth. “Furthermore, DTM’s market capitalization now exceeds $10 billion, which should attract the attention of a broader investor base, including international investors.” Goldman Sachs repeats Chevron acquisition; Goldman targets The company raised its stock price from $167 to $170 per share. “For Chevron, we reiterate our constructive view on the stock. We expect total returns of ~10% on the updated PT of $170/sh.” Barclays, Royal Canadian Bank Upgraded from equal weight to overweight Barclays said it likes the Bank of Canada’s “scale and diverse business model.” “We upgrade RY from equal weight to overweight.” Goldman Sachs acquires Mels Therapeutics, with biotech company saying it has “best-in-class” potential, Goldman said. “We rate MRUS (Merus NV) Buy with a 12-month price target of $73 and initiate coverage.”Goldman Sachs Reiterates Snowflake as a Buy The company announced its earnings Wednesday. In response, he praised the company’s “strong execution.” “We are pleased to announce (on our confidence list) our strong F3Q results, which further strengthens our confidence that we can maintain mid-20s revenue growth with $4 billion in revenue size while delivering a 25% FCF margin. ) Reiterates Snowflake Buy rating and $220 price target…” Bank of America Reiterates Tesla Buy Rating Bank of America says Tesla stock is best positioned for next year He said that there is. “Tesla appears to be well-positioned for growth in 2025 based on the latest commentary provided on the earnings call, which includes a 20-30% jump in production year-over-year; These include the start of production of the CyberCab, the launch of public vehicles, the delivery of ride-hailing apps, the delivery of batteries from the Shanghai factory, and further advances in FSD (fully autonomous driving) capabilities.” claim The company said after Wednesday’s results that it remains committed to Palo Alto Networks. “In what is typically a seasonally soft quarter, the platform is progressing with healthy results.” Bank of America Reiterates Buy in TJX Companies It called the stock a “resilient stock with rising prices.” “Despite some adverse weather impacts, TJX achieved comps at the high end of guidance (+3%) due to increased traffic across all banners.” Goldman says it remains a buy in Salesforce stock. In response, Goldman Sachs repeatedly argued against Salesforce. “After the Agentforce World Tour, we reiterated our purchase evaluation and increased the PT to $360 (previously $325). Our conversations with partners and customers there reinforced our confidence in executing Salesforce’s AI strategy. It got even higher.”
