Here are the biggest calls on Wall Street on Thursday:
KeyBanc reiterates Apple as sector weight
The firm says its checks indicate “slightly stronger iPhone 17 sell-through than previously expected” from Apple.
“Results from our November iPhone 17 carrier surveys and KFL Data were mixed, as our iPhone carrier survey was slightly positive, while Key First Look Data results were down y/y. Our carrier survey indicates iPhone 17 saw sell-through tracking slightly above store expectations.
RBC reiterates Tesla as outperform
RBC says Tesla is a key player in the humanoid race but that the robot race remains wide open.
“Tesla is focusing on deploying its Optimus humanoid robot across manufacturing, hospitality, and consumer markets, while intentionally excluding military and police applications.”
Citi reiterates Oracle as buy
Citi lowers its price target on Oracle to $375 per share from $415 but says the company remains well positioned.
“Investor sentiment has quickly deteriorated from a record Q1 and upbeat analyst day. Questions loom on the specifics of capex/debt financing while broader demand concerns percolate around AI and OpenAI. While we await more certainty on the magnitude of capex/debt, we view the concerns around Oracle’s debt health to be overstated as more of a thematic AI hedging dynamic.”
Citigroup reiterates Broadcom as buy
Citi says it’s bullish on the stock ahead of earnings on December 11.
“We expect AVGO to report results above Consensus, driven by continued AI strength (31% of F25E sales), particularly as Google extends its TPUs to external customers.”
Mizuho reiterates Micron as outperform
Mizuho raises its price target on Micron ahead of earnings on December 17.
“Reiterate Outperform, raising estimates and PT to $270 from $265.”
Goldman Sachs reiterates Salesforce as buy
The firm says it’s sticking with the stock following earnings on Wednesday.
“We reiterate our Buy rating and $385 PT following Salesforce’s F3Q26 results, where revenue and guide were largely in-line with expectations.”
Morgan Stanley reiterates Snowflake as overweight
Morgan Stanley raises its price target on Snowflake to $299 per share from $272 following earnings.
“Product rev growth of +29% falls short of investor expectations but a strong bookings and a robust Q4 guide suggest demand remains healthy.”
JPMorgan downgrades PayPal to neutral from overweight
JPMorgan says it’s “too early” to buy the stock.
“We let our longstanding Overweight theses on both FISV and PYPL go stale, learning that acknowledging challenges isn’t enough to relieve valuation pressure.”
Citigroup initiates Delta, United and American at buy
Citi initiates three airlines with a buy and says they are well positioned.
“We rate AAL as Buy/High Risk with a $19 YE26 price target. ... .We rate DAL as Buy with a $77 YE26 price target. ... .We rate UAL as Buy/High Risk with a $132 YE26 price target.”
JPMorgan upgrades Toast to overweight from neutral
JPMorgan sees an attractive entry point for the restaurant tech company.
“We see TOST maintaining top decile growth as a bonafide software-led payments leader, unburdened by legacy distribution/tech, that is stacking TAMs using a proven playbook with expense discipline to deliver $976.5M in 2027E EBITDA implying a reasonable 19x EV/EBITDA multiple at current price.”
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