Top Calls on Wall Street: Nvidia, Tesla, Apple, Meta, CoreWeave, Qualcomm, Okta, and More

Here are the biggest calls on Wall Street on Thursday:

Evercore ISI reiterates Nvidia as outperform

Evercore says the stock remains a top idea.

“We are buyers of NVDA. NVDA has underperformed SPX recently, which we attribute to 3 concerns: 1) DeepSeek lowers AI demand; 2) DeepSeek shifts AI compute-cycles away from NVDA; and 3) Blackwell delays. Our channel checks dispute the concerns.”

Evercore ISI reiterates Tesla as in line

Evercore says it’s cautious ahead of Tesla earnings next week

“We see Q1 EPS as 32-35c following disappointing Q1 deliveries of 358k which came in below 366k cons, 365-375k buyside, but more importantly disappointing energy storage deployed 8.8 GWh (-15% YoY, likely on adverse weather). The combo has depressed the stock -8% MTD and 20% YTD, breaking critical $390 technicals.”

JPMorgan reiterates Apple as overweight

The firm says Apple is well-positioned ahead of earnings later this month.

“Well positioned for a multi-year AI upgrade cycle for iPhones with potential benefits that extend to Services and other devices.”

MoffettNathanson reiterates Meta Platforms as buy

The firm raised its price target on the stock.

“We reiterate our Buy rating on Meta but increase our target price by +$70 to $780.”

Wolfe initiates CoreWeave at outperform

Wolfe says the company has a differentiated offering.

“We see CRWV as the best positioned neocloud to continue expanding capacity with a positive FY26 catalyst path and believe its financing engine is a key differentiator that sets it apart vs. peers. Initiate OP.”

JPMorgan downgrades Qualcomm to neutral from overweight

JPMorgan downgraded the stock due to rising competition from companies like Nvidia.

“We are downgrading shares of Qualcomm on both near-term headwinds, as well as the higher competitive landscape that the company will have to contend with...”

Raymond James upgrades Okta to outperform from market perform

Raymond James says the risk/reward is too attractive to ignore.

“Our recent conversations with channel partners suggest that AI is beginning to move from the experimentation to the production phase in Enterprise use cases, and agents that have previously been using human identity security will now need their own identity security. We see the potential for a significant unit TAM increase for Okta’s core market due to Agents in the workforce.”

Mizuho downgrades PayPal to neutral from outperform

Mizuho says the stock is at a “scale disadvantage.”

“We see rising competitive and fundamental headwinds for PayPal/Venmo, prompting a move to Neutral (from Outperform) and a lower $50 PT (from $60).”

UBS upgrades BP to buy from neutral

UBS says it’s bullish on the company’s new management.

“BP’s new CEO Meg O’Neill takes over at a critical turning point for the company, in our view. A higher for longer price environment is undoubtedly positive for the stock, but there is still work to regain investor confidence and reverse the 52% of underperformance versus peers since 2018.”