Top Calls on Wall Street: Nvidia, Tesla, Apple, Microsoft, Amazon, Netflix, CoreWeave, and More

Here are Thursday’s biggest calls on Wall Street:

Bernstein reiterates Nvidia as outperform

The firm said it’s sticking with Nvidia.

“The datacenter opportunity is enormous, and still early, with material upside still possible.”

Barclays reiterates Tesla as equal weight

Barclays said it’s “confused” ahead of Tesla earnings next week.

“The set-up for Tesla into 2Q EPS is confusing - similar to 1Q. However, net net we see potential for the stock to outperform.”

JPMorgan reiterates Apple as overweight

The firm raised its price target on Apple to $250 per share from $230.

“We rate shares of Apple Overweight from the combination of AI and age of installed base led volume replacement cycle while Services continues to demonstrate robust growth delivering acceleration in earnings growth.”

TD Cowen reiterates Microsoft as buy

TD Cowen raised its price target on the stock to $580 per share from $540.

“MSFT reports 4Q on 7/30. While shares are hitting all-time highs, we think the story continues to grow increasingly attractive w/ MSFT positioned as a clear beneficiary in the AI cycle.”

Bernstein reiterates Amazon as outperform

Bernstein said Amazon is a top idea at the firm.

“In the near term, AWS is back in focus, and we expect to see top-line acceleration driven by improving performance in core and modest AI-related benefits as GPU supply constraints eased intra quarter.”

Bernstein reiterates Netflix as outperform

Bernstein raised its price target to $1,390 per share from $1,200 ahead of earnings on Thursday afternoon.

“With Netflix trading at 40x ’26 consensus EPS and earnings just around the corner, long-
term fundamentals have taken on even greater importance in navigating potential near- term volatility.”

HSBC initiates CoreWeave as reduce

HSBC said it sees too many negative catalysts.

“Contrary to consensus for a steep decrease, we expect CRWV’s blended average interest rate to remain elevated. As it diversifies into customers with lower credit ratings than Microsoft (impacts borrowing cost) and we believe Open AI has not extended a material cash advance despite committing to USD15bn-plus of offtake, CoreWeave’s liquidity looks stretched.”

Jefferies downgrades Starbucks to underperform from hold

Jefferies said there are no signs of improving fundamentals yet for Starbucks.

“Downgrading to Underperform w/ a $76 PT and below-Street estimates near-term as we think the stock has surpassed reasonable expectations for improving fundamentals, in our view.”

Wells Fargo reiterates McDonald’s as overweight

Wells said McDonald’s is a best idea heading into earnings on August 6.

“Shares are -19pts vs. SPX post-Apr, yet we see Q2 comps accelerating ~500bps q/q (inflecting positive) into likely bullish QTD commentary via Snack Wraps. Beyond that, compares ease, innovation is ramping & Int’l/FX should drive EPS upward. We’re buyers here.

Citi reiterates First Solar as buy

Citi said First Solar is well positioned heading into earnings on July 31.

“We expect investors to focus on: 1) impact of lower tariffs on guidance, 2) bookings in 2Q vs buyside expectations for ~0.5GW, 3) Asia capacity utilization, 4) potential International de-bookings...”