Top Calls on Wall Street: Nvidia, Apple, Tesla, Alphabet, Intel, Oracle and More

Here are the biggest calls on Wall Street on Thursday:

Barclays reiterates Nvidia as overweight

Barclays raises its price target to $240 per share from $200.

“When tracking AI capacity additions over the [last twelve months], AI [total addressable markets] don’t seem so outlandish anymore and NVDA looks like the most interesting name in our group.”

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JPMorgan reiterates Netflix as neutral

JPMorgan says Netflix shares are fairly valued right now.

“NFLX shares are +35% YTD, outperforming the SPX at +13%, but since mid- May NFLX shares are +1%, underperforming the SPX’s +11% move during that time. Easing tariffs & macro concerns have driven rotation from NFLX and other more defensive names, and flattish 1H25 engagement and increased competition w/YouTube have been in focus.”

Needham initiates Levi Strauss & Co. at buy

Needham says the denim company is executing well.

“We are initiating coverage of LEVI shares with a Buy rating and a 12-month price target of $28.”

Rothschild & Co Redburn initiates Oracle at sell

The firm says it sees too many negative catalysts for Oracle.

“While the market currently fixates on headline figures, we expect attention to shift toward the underlying economics. Combined with subdued non-IaaS [infrastructure as a service] growth— which the market appears willing to overlook for now—this sets up meaningful downside risk. Consequently, we launch coverage with a Sell rating and a $175 target price.”

Rosenblatt initiates Webull at buy

Rosenblatt says the financial services platform is gaining market share.

“Webull has clearly capitalized, quickly growing from a niche market data platform to the #2 mobile-first brokerage in the US. By leveraging data and proprietary technology to offer a superior product set for active retail traders, Webull’s top-rated app and integrated desktop platform have become go-to solutions not just in the US but increasingly internationally as well.”

Bernstein upgrades Freeport McMoRan to outperform from market perform

The firm says investors should buy the dip in the mining company following issues at its Indonesia plant.

“Even so, we believe investors have overly punished FCX and the knock-on of copper macro has pushed [Antofagasta plc] above our target price.”

Seaport upgrades Intel to neutral from sell

Seaport says it remains cautious over the long term but sees some near term positives.

“We think Intel is on the wrong path with a shrinking window to save their fabs. That being said, in the near term, the stock is likely to be driven by follow-on investments and the potential for a stop-gap solution for the fabs.”

BMO upgrades United Natural Foods to outperform from market perform

BMO says the food company is well positioned.

“We believe UNFI is executing its network optimization strategy with better-than-expected customer retention which provides visibility and increases our confidence that UNFI can meet or exceed its HSD% EBITDA growth targets.”

Wells Fargo upgrades CSX to overweight from equal weight

Wells raises its price target on the railroad to $40 per share from $37.

“We are upgrading shares of CSX to Overweight from Equal Weight and raising our target to $40. Recent operational headwinds are clearing and new commercial agreements (and customer diversification efforts) will likely drive volume outperformance.”

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Morgan Stanley upgrades Slide to overweight from equal weight

Morgan Stanley say Slide, an insurance company, is cheap.

“Limited weather-related catastrophes should support EPS growth, while the longer term growth and margin remain durable. As such, we believe the stock is cheap, and earnings will be strong. Upgrade to OW.”

Citigroup upgrades CME Group to buy from neutral

Citi says it sees several positive catalysts ahead for the capital markets exchange company.

“We are upgrading CME to Buy from Hold.”

Wells Fargo upgrades Adient to overweight from equal weight

Wells says the auto seating company is in a turnaround.

“ADNT’s turnaround story has been delayed by weak global production, negative customer mix, the extension of unprofitable program & persistent cost inflation with core EBITDA stuck in the low 5% range from 2023-25E.”

Jefferies upgrades Ameresco to buy from hold

Jefferies says the worst is behind the renewables company.

“We upgrade AMRC to Buy as we concede that execution risks and IRA uncertainty are largely behind us.”

KeyBanc reiterates Apple as sector weight

Key says its iPhone 17 survey checks show mixed demand.

“We think AAPL stock is getting slightly ahead of what we think of as modestly better-than-anticipated iPhone demand. We are early cycle; we think most data points are positive, but with the stock’s recent outperformance, we think it’s hard to say it’s justified by a material shift in expectations.

MoffettNathanson reiterates Alphabet as buy

The firm says Alphabet is emerging as an AI winner.

“We reiterate our Buy rating on Alphabet and raise our target price by $65 to $295, based on a 24.4x multiple of our 2027E EPS estimate.”

Baird reiterates Tesla as outperform

Baird says investors should buy the dip in Tesla shares.

“We recently upgraded shares to Outperform (note here) and see a string of catalysts ahead beginning with the shareholder meeting on November 6.”